The semiconductor chemical global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Semiconductor Chemical Market, 2024The semiconductor chemical global market report 2024
Market Size –
The semiconductor chemical market size has grown rapidly in recent years. It will grow from $10.63 billion in 2023 to $11.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to growing adoption of cloud computing, expansion of renewable energy technologies, increased use of semiconductors in healthcare, rising demand for wearable devices, expansion of industrial automation.
The semiconductor chemical market size is expected to see rapid growth in the next few years. It will grow to $19.16 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to increasing demand for consumer electronics, rise of IoT, growth in automotive electronics, expansion of data centers, deployment of 5G networks. Major trends in the forecast period include advancements in semiconductor technology, proliferation of AI and machine learning, miniaturization of electronic devices, development of quantum computers, advancements in display technology.
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Scope Of Semiconductor Chemical MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Semiconductor Chemical Market Overview
Market Drivers –
The increasing adoption of electric vehicles is expected to drive the growth of the semiconductor chemical market in the years ahead. Electric vehicles (EVs) are vehicles that utilize electric motors powered by rechargeable batteries instead of conventional internal combustion engines that run on gasoline or diesel. The rise in electric vehicle usage is attributed to their environmental advantages, lower operating costs, advancements in battery technology, and growing government incentives aimed at reducing greenhouse gas emissions. Semiconductor chemicals play a crucial role in electric vehicles, as they are essential for the production and enhancement of critical electronic components like power management systems, battery controllers, and advanced driver-assistance systems (ADAS). For instance, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported that over 10 million electric cars were sold globally in 2023, with sales expected to rise by 35% this year to reach 14 million. By 2030, electric vehicles are projected to constitute approximately 60% of total sales in China, the EU, and the United States. Thus, the growing adoption of electric vehicles will significantly drive the semiconductor chemical market’s growth through 2023, into 2024, and is expected to continue expanding by 2028.
Market Trends –
Major companies operating in the semiconductor chemicals market are adopting a strategic partnership approach to provide robust chemical supply chains for global chipmakers. Strategic partnerships involve companies utilizing each other’s strengths and resources to achieve shared benefits and success. For instance, in July 2022, Lam Research Corp., a US-based semiconductor company, along with Entegris Inc., a US-based manufacturer and supplier of materials for the semiconductor industry, partnered with Gelest Inc., a US-based chemical company. The partnership aims to ensure semiconductor manufacturers worldwide have reliable access to precursor chemicals for Lam’s innovative dry photoresist technology used in extreme ultraviolet (EUV) lithography, which is crucial for producing next-generation semiconductors. By collaborating on R&D for EUV dry resist technology, the parties will advance future generations of logic and DRAM products, supporting applications ranging from machine learning and artificial intelligence to mobile devices. This long-term collaboration will enhance the supply chain for process chemicals, integrate EUV dry resist technology into high-volume manufacturing, and expand the ecosystem for dry resist technology, providing dual-source supply and ensuring delivery continuity across global markets.
The semiconductor chemical market covered in this report is segmented –
1) By Type: Acid And Base Chemicals, Adhesives, Solvents, High-Performance Polymers
2) By Application: Cleaning Chemicals, Etching Chemicals, Photoresist Chemical, Deposition Chemicals, Other Applications
3) By End-Users: Discrete Semiconductor, Integrated Circuits
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Regional Insights –
Asia-Pacific was the largest region in the semiconductor chemical market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor chemical market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are SK Inc., BASF SE, Dow Chemical Co., Honeywell International Inc., Merck KGaA, Sumitomo Chemical Co. Ltd., Fujifilm Holdings Corporation, Parker Hannifin Corp., Solvay SA, Air Products and Chemicals Inc., DuPont de Nemours Inc., Kao Corporation, Eastman Chemical Company, Avantor Inc., Cabot Corporation, Linde Plc, Mitsubishi Chemical Corporation, Oci Company Ltd., JSR Corporation, Tokuyama Corporation, Nippon Kayaku Co. Ltd., Tokyo Ohka Kogyo Co. Ltd., Kanto PPC, Foosung Co. Ltd., Ami Organics Ltd
Table of Contents
1. Executive Summary
2. Semiconductor Chemical Market Characteristics
3. Semiconductor Chemical Market Trends And Strategies
4. Semiconductor Chemical Market – Macro Economic Scenario
5. Global Semiconductor Chemical Market Size and Growth
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32. Global Semiconductor Chemical Market Competitive Benchmarking
33. Global Semiconductor Chemical Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Semiconductor Chemical Market
35. Semiconductor Chemical Market Future Outlook and Potential Analysis
36. Appendix
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