Electronic Wet Chemicals Market Report 2026

The electronic wet chemicals market size has grown strongly in recent years. It will grow from $4.37 billion in 2025 to $4.68 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to expansion of semiconductor device fabrication, increasing miniaturization of electronic components, growth in consumer electronics demand, rising investments in cleanroom infrastructure, availability of specialty wet chemicals.

The electronic wet chemicals market size is expected to see strong growth in the next few years. It will grow to $5.96 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for advanced semiconductor nodes, rising adoption of 3d chip architectures, expansion of domestic chip manufacturing facilities, growing focus on eco-friendly wet chemicals, increasing regulatory scrutiny on chemical handling. Major trends in the forecast period include increasing adoption of advanced cleaning chemistries, rising demand for precision etching solutions, growing use of ultra-clean wet processing, expansion of semiconductor wet benches, enhanced control of chemical purity.

The rise in demand for the use of semiconductors in various industries is driving the growth of the electronics wet chemicals market. The demand for innovative semiconductors is increasing as a result of various technological advancements in the electronics industry. This increasing need for semiconductors directly boosts the demand for electronic wet chemicals. For instance, in February 2024, the Semiconductor Industry Association, a US-based trade association representing the US semiconductor industry, reported that global semiconductor industry sales totaled $526.8 billion in 2023. Therefore, the rise in demand for semiconductors across industries is driving the electronic wet chemicals market.

Major companies operating in the electronic wet chemicals market are focused on innovative solutions, such as ultrapure phosphoric acid for semiconductor production, to meet the stringent purity and performance requirements of advanced semiconductor manufacturing. Ultrapure phosphoric acid for semiconductor production refers to a highly refined form of phosphoric acid used in semiconductor manufacturing processes. For instance, in September 2024, OCI Company Ltd., a South Korea-based chemicals company, introduced its high-purity phosphoric acid, becoming the first South Korean supplier to provide this critical material to all domestic semiconductor manufacturers, including SK Hynix. The first delivery took place in August 2024 following successful quality testing. This product is essential for semiconductor wafer etching processes used in DRAM and NAND flash chip production. With an annual production capacity of 25,000 tons, OCI plans to expand its output to meet rising semiconductor industry demand, strengthening its competitive position in the market.

In October 2023, Fujifilm Holdings Corporation, a multinational conglomerate based in Japan, acquired the Electronic Chemicals Business from Entegris for an undisclosed amount. This acquisition is intended to bolster Fujifilm's leadership in semiconductor materials manufacturing by expanding its portfolio of high-purity process chemicals and enhancing its global presence to meet the increasing demand in the industry. Fujifilm aims to achieve a sales target of JPY 500 billion by 2030. Entegris is a US-based manufacturer of Electronic Materials Process Chemicals.

Major companies operating in the electronic wet chemicals market are Avantor Inc., BASF SE, Cabot Microelectronics Corporation, Honeywell International Inc., Kanto Chemical Co. Inc., Eastman Chemical Company, Solvay S.A., Fujifilm Holdings Corporation, Technic Inc., Linde PLC, Air Products and Chemicals Inc., Mitsubishi Chemical Corporation, Entegris Inc., Dow Inc., Sumitomo Chemical Co. Ltd., Merck KGaA, Shin-Etsu Chemical Co. Ltd., JSR Corporation, Tokyo Ohka Kogyo Co. Ltd., Adeka Corporation, Nippon Kayaku Co. Ltd., JNC Corporation, Asahi Kasei Corporation, Mitsui Chemicals Inc., Showa Denko K.K., Hitachi Chemical Company Ltd.

Asia-Pacific was the largest region in the electronic wet chemicals market in 2025 and is also expected to be the fastest-growing region in the electronic wet chemicals market during the forecast period. The regions covered in the electronic wet chemicals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic wet chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic wet chemicals market consists of sales of etchants, solvents and based that are used as electronic wet chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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