Transforming the Semiconductor Chemical Market in 2025: Rising Electric Vehicle Adoption Fuels Growth In Semiconductor Chemical Market

What Is the Expected Size and Growth Rate of the Semiconductor Chemical Market?
The size of the semiconductor chemical market has seen a swift expansion in the past few years. The market, estimated at $11.95 billion in 2024, is projected to increase to $13.48 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.8%. This remarkable growth observed in the historic period can be associated with the widespread use of cloud computing, the expansion of renewable energy technologies, heightened use of semiconductors in the healthcare sector, surging demand for wearable devices, and the proliferation of industrial automation.

The size of the semiconductor chemical market is anticipated to grow rapidly in the coming years, reaching $21.54 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 12.4%. This growth during the forecasted period is due to factors such as the rising demand for consumer electronics, the emergence of IoT, expansion in automotive electronics, enlargement of data centers, and the institution of 5G networks. The predicted trends for this period encompass advances in semiconductor technology, the spread of AI and machine learning, shrinking of electronic devices, the advancement of quantum computers, and improvements in display technology.

What Factors Are Fueling Growth in the Semiconductor Chemical Market?
The semiconductor chemical market's expansion is anticipated to be propelled by the increasing adoption of electric vehicles. Electric vehicles (EVs) are vehicles that function with rechargeable batteries powering electric motors, as opposed to traditional internal combustion engines propelled by gasoline or diesel. Factors such as the environmental advantages, lessened operating costs, advancements in battery technology and a rise in government incentives aimed at mitigating greenhouse gas emissions are fueling the uptake of electric vehicles. Semiconductor chemicals play a pivotal role in the production and enhancement of vital electronic elements in electric vehicles, including power management systems, battery controllers, and advanced driver-assistance systems (ADAS). For example, the International Energy Agency, a France-based multinational organization, reported in April 2023 that more than 10 million electric cars were purchased worldwide in 2023, with an anticipation of a 35% rise in sales this year, hitting 14 million. By 2030, it is predicted that electric cars will constitute roughly 60% of total car sales in regions such as China, the EU, and the United States. Consequently, the escalating adoption of electric vehicles is a primary factor propelling the expansion of the semiconductor chemical market.

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Which Leading Companies Are Shaping the Growth of the Semiconductor Chemical Market?
Major companies operating in the semiconductor chemical 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

What Are the Major Trends Shaping the Semiconductor Chemical Market?
Principal enterprises in the semiconductor chemicals market are resorting to strategic collaborations as a means to establish resilient chemical supply chains for international chip manufacturers. These strategic alliances consist of businesses drawing on each other's capacities and assets to realize mutual benefits and accomplishments. For example, in July 2022, a strategic partnership was formed between Lam Research Corp., a US-based semiconductor corporation, Entegris Inc., a US-based supplier and producer of semiconductor industry materials, and Gelest Inc., a chemical enterprise based in the US. This partnership is meant to guarantee that semiconductor makers globally have dependable access to initial chemicals for Lam's revolutionary dry photoresist technology utilized in extreme ultraviolet (EUV) lithography, which is pivotal in creating the next wave of semiconductors. By collectively working on research and development for EUV dry resist technology, they will promote the development of future logic and DRAM products, lending support to applications from machine learning and artificial intelligence to mobile gadgets. This lasting cooperation will bolster the supply chain for process chemicals, incorporate EUV dry resist technology into high-scale production, and broaden the domain for dry resist technology, offering a dual-source supply and assuring delivery persistence across worldwide markets.

What Are the Key Segments of the Semiconductor Chemical Market?
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

Subsegments:
1) By Acid And Base Chemicals: Hydrofluoric Acid (HF), Nitric Acid (HNO₃), Sulfuric Acid (H₂SO₄), Phosphoric Acid (H₃PO₄), Ammonium Hydroxide (NH₄OH), Potassium Hydroxide (KOH)
2) By Adhesives: Epoxy-Based Adhesives, UV-Curable Adhesives, Silicone-Based Adhesives, Conductive Adhesives, Non-Conductive Adhesives
3) By Solvents: Acetone, Isopropyl Alcohol (IPA), N-Methyl-2-Pyrrolidone (NMP), Dimethylformamide (DMF), Toluene, Methanol
4) By High-Performance Polymers: Polyimide (PI), Fluoropolymers (PTFE, PFA), Polyurethane (PU), Polyphenylene Sulfide (PPS), Polyether Ether ket*one (PEEK), Polycarbonate (PC)

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Which Region Dominates the Semiconductor Chemical Market?
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.

What Is Covered In The Semiconductor Chemical Global Market Report?

- Market Size Analysis: Analyze the Semiconductor Chemical Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Semiconductor Chemical Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Semiconductor Chemical Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Semiconductor Chemical Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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