Semiconductor Chemicals Market to Reach USD 27.78 Billion by 2030

◉ Semiconductor Chemicals Market to Reach USD 27.78 Billion by 2030, Driven by AI, 5G, and IoT Innovations

The global semiconductor chemicals market, valued at USD 12.18 billion in 2023, is projected to grow at a CAGR of 12.5%, reaching nearly USD 27.78 billion by 2030. This growth is fueled by the increasing demand for advanced electronic devices, driven by innovations in Artificial Intelligence (AI), 5G, and the Internet of Things (IoT). ​

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◉ Growth Opportunities in Vietnam

Vietnam is emerging as a significant player in the semiconductor industry. In 2023, Taiwanese investments in Vietnam's semiconductor sector surged by 146%, amounting to $2.2 billion. Companies like Topco Scientific are establishing bases in Vietnam to tap into the growing market. ​

◉ Consolidation Trends in Thailand

Thailand is witnessing consolidation in its semiconductor sector. Taiwanese firms, including Acter, have expanded their operations in Thailand, with Acter's Southeast Asian business growing by 50% in 2023. This reflects Thailand's increasing importance in the semiconductor supply chain. ​

Strategic Developments in Japan

Japan is making strategic moves to strengthen its semiconductor industry. In June 2023, the government-backed Japan Investment Corp. announced a $6.3 billion acquisition of JSR, a leading semiconductor materials provider. This move aims to secure Japan's semiconductor supply chain amid global technological tensions. ​

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Restructuring Initiatives in South Korea

South Korea's conglomerates are restructuring to focus on future growth areas like AI. Companies such as SK and Posco have divested non-core businesses to concentrate on semiconductor advancements. This strategic realignment is in response to increasing competition and global trade dynamics. ​

Innovation Opportunities in Singapore

Singapore is positioning itself as a hub for semiconductor innovation. In November 2024, start-up Silicon Box opened a $2.65 billion advanced semiconductor factory in Singapore, set to hire 1,200 people. This facility enhances Singapore's status in the global semiconductor landscape. ​

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Expansion Trends in the United States

The United States is experiencing growth in semiconductor materials through strategic acquisitions. In January 2024, Renesas Electronics agreed to acquire gallium nitride-chip maker Transphorm for $339 million, enhancing its semiconductor portfolio. ​

Market Updation in Europe

Europe is seeing significant investments in semiconductor manufacturing. In March 2024, Silicon Box announced plans to invest €3.2 billion in a new semiconductor fabrication plant in Italy, aiming to bolster Europe's semiconductor capabilities. ​

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◉ Semiconductor Chemicals Market Segmentation:

by Type

High-Performance Polymers
Acid-Base Chemicals
Adhesives
Solvents
Others

by End Use

Integrated Circuits (ICS)
Discrete Semiconductor
Optoelectronics
Sensors

by Application

Photoresist
Etching
Deposition
Cleaning
Doping
Others

◉ Semiconductor Chemical Market Key Players

1. North America
1. Dow Chemical Company (US)
2. Honeywell International Inc. (US)
2. Europe
1.Solvay SA (Belgium)
2.Linde plc (UK)
3.Merck KGaA (Germany)
4.BASF SE (Germany)
3. Asia Pacific
1.Adeka Corporation (Japan)
2.Fujifilm Holdings Corporation (Japan)
3.Capchem (China)
4.Mitsubishi Chemical Corporation (Japan)
5.Daikin Chemicals Ltd. (Japan)
6.Hitachi Chemical Co., Ltd.(Japan)

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