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Semiconductor Chemical Industry Outlook 2025-2029: Market Set to Cross $20.82 Billion Milestone

11-13-2025 05:55 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Semiconductor Chemical

Semiconductor Chemical

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How Large Will the Semiconductor Chemical Market Size By 2025?
The semiconductor chemical market has seen a rapid expansion in its size in recent times. The market which was valued at $11.95 billion in 2024 is expected to rise to $13.27 billion in 2025, showing a compound annual growth rate (CAGR) of 11.1%. The notable growth in the historical period is linked to the rise in cloud computing utilization, the development of renewable energy technologies, burgeoning use of semiconductors in the healthcare sector, growing demand for wearable tech, and expanded industrial automation.

How Big Is the Semiconductor Chemical Market Size Expected to Grow by 2029?
The market size of semiconductor chemicals is anticipated to experience a swift expansion in the upcoming years. It is predicted to achieve a valuation of $20.82 billion in 2029, growing at a CAGR of 11.9%. The projected growth during the forecasted period can be linked to the escalating demand for consumer electronics, the emergence of IoT, the expansion of automotive electronics, the growth of data centers, and the roll-out of 5G networks. Notable trends expected during the forecast period encompass advancements in semiconductor technology, the spread of AI and machine learning, reduction in the size of electronic devices, the evolution of quantum computers, and progress in display technology.

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Which Key Market Drivers Powering Semiconductor Chemical Market Expansion and Growth?
The semiconductor chemical market's expansion is being propelled by the increasing adoption of electric vehicles. Instead of gasoline or diesel-fueled internal combustion engines, electric vehicles (EVs) rely on electricity from rechargeable batteries. Environmentally friendly advantages, improved battery technology, reduced operational costs, and growing government incentives to lessen greenhouse gas emissions have resulted in a spike in electric vehicle usage. Key electronic parts in electric vehicles like power management systems, battery controllers, and advanced driver-assistance systems (ADAS) demand semiconductor chemicals for their production and performance enhancement. For example, the International Energy Agency, an intergovernmental organization based in France, reported in April 2023 that over 10 million electric cars were sold globally in 2023, and it predicted sales to surge by 35% this year to hit 14 million. By 2030, it's predicted that electric cars will represent about 60% of all vehicle sales in China, the EU, and the United States. Therefore, the rising popularity of electric vehicles is a significant driver for the semiconductor chemical market's growth.

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What Trends Will Shape the Semiconductor Chemical Market Through 2029 and Beyond?
Numerous key players in the semiconductor chemicals market are opting for strategic collaborations to ensure a robust supply chain network for global chip manufacturers. This method involves companies utilizing each other's resources and leveraging their respective strengths to achieve mutual benefits. A perfect case in point is the partnership between Lam Research Corp., a semiconductor firm in the US, and Entegris Inc., a materials supplier for the semiconductor industry in July 2022. These companies formed an alliance with Gelest Inc., a chemical company based in the US, with an aim to guarantee global semiconductor producers have consistent access to precursor chemicals. These chemicals are vital for Lam's ground-breaking dry photoresist technology used in extreme ultraviolet (EUV) lithography, which produces advanced semiconductors. By joining forces on EUV dry resist technology research and development, they will expedite the evolution of ensuing generations of both logic and DRAM products. This covers a wide range of applications, from machine learning and artificial intelligence to mobile gadgets. This enduring collaboration promises to bolster the supply chain for process chemicals, incorporate EUV dry resist technology in large-scale production, and broaden the ecosystem. In doing so, these companies not only ensure supply from dual sources but also guarantee uninterrupted delivery across global 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 2024. 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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