Key Factor Supporting Semiconductor Chemical Market Development in 2025: Rising Electric Vehicle Adoption Fuels Growth In Semiconductor Chemical Market

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How Large Will the Semiconductor Chemical Market Size By 2025?
The size of the semiconductor chemical market has seen swift expansion in the past years. From $11.95 billion in 2024, it's projected to increase to $13.48 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.8%. Factors contributing to its historical growth comprise an increased embrace of cloud computing, the spread of renewable energy technology, a jump in using semiconductors in the healthcare industry, a surge in demand for wearable gadgets, and an enlargement in industrial automation.

How Big Is the Semiconductor Chemical Market Size Expected to Grow by 2029?
In the forthcoming years, the semiconductor chemical market is anticipated to witness a quick surge in its size, reaching $21.54 billion in 2029 with a compound annual growth rate (CAGR) of 12.4%. The expansion predicted for the forecast period is due to the increasing demand for consumer electronics, IoT proliferation, growth in automotive electronics, the expansion of data centers, and the deployment of 5G networks. Within this forecast period, trends to look out for include advancements in the technology used in semiconductors, the widespread use of artificial intelligence and machine learning, the shrinking size of electronic devices, the emergence of quantum computers, and advancements in display technology.

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Which Key Market Drivers Powering Semiconductor Chemical Market Expansion and Growth?
The semiconductor chemical market is anticipated to expand due to the increasing adoption of electric vehicles. Electric vehicles (EVs) are vehicles that rely on rechargeable batteries for power, using electric motors instead of traditional gasoline or diesel internal combustion engines. Their popularization is largely influenced by their eco-friendly nature, lower operational costs, advances in battery technology, and proliferating government incentives aimed at decreasing greenhouse gas emissions. Semiconductor chemicals are integral to the creation and performance improvement of crucial electrics components in EVs, including power management systems, battery controllers, and advanced driver-assistance systems (ADAS). A report by the International Energy Agency, an intergovernmental organization based in France, revealed in April 2023 that global electric car sales hit above 10 million in 2023, with forecasts showing a surge of 35% this year to hit 14 million. Furthermore, by 2030, electric cars should comprise around 60% of aggregate sales in China, the EU, and the United States. Consequently, the rising usage of electric vehicles is spurring the growth prospects of the semiconductor chemical market.

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Which Fast-Growing Trends Are Poised to Disrupt the Semiconductor Chemical Market?
Leading firms in the semiconductor chemicals market are turning towards strategic partnerships as a way to strengthen chemical supply chains for chipmakers around the globe. These strategic partnerships allow companies to leverage each other's strengths and resources for mutual gain. For instance, Lam Research Corp., a US-based semiconductor firm, Entegris Inc., a US-based materials manufacturer and supplier for the semiconductor industry, and Gelest Inc., a US-based chemical firm, entered into a partnership in July 2022. The aim of this alliance is to ensure a consistent supply of precursor chemicals worldwide for Lam's dry photoresist technology utilized in extreme ultraviolet (EUV) lithography - a key element in the production of next-gen semiconductors. Through this collaborative R&D effort on EUV dry resist technology, the companies will facilitate progress on future generations of logic and DRAM products, aiding applications from machine learning and artificial intelligence to mobile devices. In the long run, this cooperation will solidify the process chemicals supply chain, integrate EUV dry resist technology into large-scale manufacturing, and broaden the dry resist technology ecosystem, extending dual-source supply and guaranteeing uninterrupted delivery across international markets.

What Are the Emerging Segments in 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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Who Are the Global Leaders in 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

Which are the Top Profitable Regional Markets for the Semiconductor Chemical Industry?
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.

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