BANGALORE, India, June 19,
2024 /PRNewswire/ -- Semiconductor Solvent
Market is Segmented by Type (Ultra High Purity Reagents, Functional
Chemicals), by Application (IDM Companies, Foundry Companies).
The Global Semiconductor Solvent market was valued at
USD 2535.4 Million in 2023 and is
anticipated to reach USD 3695.6
Million by 2030, witnessing a CAGR of 5.1% during the
forecast period 2024-2030.
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Major Factors Driving the Growth of Semiconductor Solvent
Market:
The growing semiconductor industry and rising demand for
electronic devices are driving the market for semiconductor
solvents, which is expanding significantly. In the process of
making semiconductors, solvents are essential for cleaning,
etching, and photolithography. Technological developments in
semiconductors, the widespread use of smartphones, and the
emergence of new technologies like 5G, IoT, and AI are driving the
market. Major participants in this industry are spending money on
R&D to create high-purity solvents that satisfy the exacting
specifications needed for semiconductor production. The market for
semiconductor solvent is anticipated to continue growing as demand
for smaller, more effective semiconductor components increases.
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TRENDS INFLUENCING THE GROWTH OF SEMICONDUCTOR SOLVENT
MARKET:
Because they help to guarantee the excellent performance and
dependability of semiconductor devices, Ultra High Purity (UHP)
reagents are crucial for Integrated Device Manufacturer (IDM)
businesses in the semiconductor sector. To avoid contamination and
flaws in semiconductor wafers, these reagents, which are utilized
in a variety of production procedures like cleaning, etching, and
doping, must adhere to strict purity criteria. The need for UHP
reagents has increased as IDM manufacturers work to create
semiconductor devices that are more compact, potent, and efficient.
As a result, manufacturers are looking for solvents that can match
the strict purity criteria required for advanced semiconductor
production, which is fueling the expansion of the semiconductor
solvent market. Consequently, the market for UHP reagents is being
driven by the growing applications and growing complexity of
semiconductor technology.
Ultra High Purity (UHP) reagents play a crucial role in
guaranteeing the superior performance and dependability of
semiconductor devices, making them indispensable for Integrated
Device Manufacturer (IDM) businesses operating in the semiconductor
sector. These chemicals have to adhere to strict purity
requirements in order to be employed in a variety of production
processes, including cleaning, etching, and doping, without causing
contamination or flaws in semiconductor wafers. UHP reagent demand
has increased as IDM businesses work to create semiconductor
devices that are more compact, powerful, and efficient. The market
for semiconductor solvents is expanding as a result, with
manufacturers looking for solvents that can satisfy the strict
purity standards required for modern semiconductor production. UHP
reagent demand is therefore being driven by the growing market for
semiconductor technology due to its growing complexity and range of
applications.
By improving the efficacy and efficiency of several
semiconductor production processes, functional chemicals are
propelling the growth of the semiconductor solvent market.
Specialty solvents are among the chemicals in this category that
are specifically designed to fulfill the demands of semiconductor
manufacture, including better cleaning abilities, less residue
formation, and exact control over etching rates. Functional
chemicals enable more dependable and consistent processing at
nanoscale dimensions, which helps semiconductor device
manufacturers achieve higher yields and improved performance. The
market for semiconductor solvents is growing at a substantial rate
thanks to ongoing innovation and the creation of novel functional
compounds to meet the changing demands in semiconductor
manufacturing.
The semiconductor solvent market is expanding due in large part
to technological developments in the semiconductor production
industry. The semiconductor industry is always pushing the limits
of performance and shrinking, which has increased the complexity
and precision needed in manufacturing processes. Extreme
ultraviolet (EUV) lithography, atomic layer deposition (ALD), and
plasma etching are examples of advanced technologies that call for
a high level of expertise to guarantee the integrity of the
semiconductor devices and prevent contamination. The need for
inventive and dependable solvents intensifies as technological
nodes become smaller and the need for chips with greater power and
efficiency rises, hence immediately influencing the market for
solvents that produce the intended outcomes. These solvents need to
have extremely high expansion purity levels.
Another major factor propelling the semiconductor solvent market
is the rising demand for consumer electronics. There is a
previously unheard-of demand for semiconductors due to the
widespread use of laptops, wearable technology, smartphones,
tablets, and smart home appliances. All these gadgets depend on
intricate integrated circuits and microprocessors, which
necessitate accurate and hygienic production settings. To assure
the manufacturing of flawless chips, high-purity solvents are
necessary at several phases of semiconductor fabrication, such as
cleaning and etching. The requirement for high-quality solvents to
support rising production volumes and technological sophistication
is driven by the semiconductor industry's desire to keep up with
consumers' continued demand for more sophisticated and
multifunctional electronic gadgets.
The semiconductor solvent market is mostly driven by the growth
of cloud computing and the development of data centers. Data
centers are becoming more and more essential to contemporary
infrastructure due to the exponential development in data
generation and storage requirements. The effective processing and
storing of enormous volumes of data at these centers is largely
dependent on sophisticated semiconductors. Advanced semiconductor
components are needed to meet the need for high-performance
servers, networking equipment, and storage devices. These
components must be manufactured using high-purity solvents. The
solvent market is being driven by the continuous expansion of cloud
services and data-driven technologies, which increases the need for
advanced semiconductor solutions.
Market trends for semiconductor solvents are being greatly
impacted by developments in vehicle electronics. The integration of
new electronic technologies, including entertainment, navigation,
advanced driver-assistance systems (ADAS), and electric
powertrains, is transforming the automotive industry.
High-performance semiconductors, which are essential to these
systems, need to be produced precisely and consistently. In order
for these components to be fabricated and achieve the exacting
standards needed for automotive applications, high-purity solvents
are essential. The need for advanced semiconductors will rise in
tandem with the move toward electric and driverless vehicles,
necessitating the use of specific solvents in their manufacturing
processes.
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SEMICONDUCTOR SOLVENT MARKET SHARE:
Global leaders in semiconductor solvents include BASF, Stella
Chemifa, Mitsubishi Chemical, and others. About 25% of the market
is held by the Top 3 firms.
With a market share of over 27%, Europe is the largest market, followed by
China and Japan with respective shares of roughly 23%
and 22%.
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Key Companies:
- Stella Chemifa
- Avantor
- BASF AG
- Chang Chun Group
- Mitsubishi Chemical
- CMC Materials
- Jianghua Micro-Electronic Materials
- Crystal Clear Electronic Material
- Honeywell
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- High Purity Semiconductor Grade Solvent Market was
estimated to be worth USD 2655.6
Million in 2023 and is forecast to a readjusted size of
USD 3958.6 Million by 2030 with a
CAGR of 6.5% during the forecast period 2024-2030.
- Semiconductor Process Chemicals Market
- Electronic Grade Solvents for Semiconductor Market
- Semiconductor Grade Acid Chemical Market
- Semiconductor Hydrogen Peroxide Market
- Semiconductor Grade Acetic Acid Market
- Semiconductor Grade Nitric Acid market was valued
at USD 32 Million in 2023 and is
anticipated to reach USD 46 Million
by 2030, witnessing a CAGR of 5.3% during the forecast period
2024-2030.
- Semiconductor Manufacturing Wastewater Treatment
Market
- Semiconductor Cleaning Fluoride Liquid Market
- Semiconductor Fluxes market was valued at
USD 99 Million in 2023 and is
anticipated to reach USD 137.1
Million by 2030, witnessing a CAGR of 4.7% during the
forecast period 2024-2030.
- Duct System in Semiconductor Market
- Semiconductor Liquid Filter market was valued at
USD 490.9 Million in 2023 and is
anticipated to reach USD 866.8
Million by 2030, witnessing a CAGR of 8.8% during the
forecast period 2024-2030.
- High Purity Phosphoric Acid for Semiconductor Market
- Semiconductor Chemical Distribution Systems
market is projected to reach USD 1027.7
Million in 2029, increasing from USD
589 Million in 2022, with the CAGR of 8.7% during the period
of 2023 to 2029.
- Flux for Semiconductor Market revenue was
USD 99 Million in 2022 and is
forecast to a readjusted size of USD 165.2
Million by 2029 with a CAGR of 7.5% during the forecast
period (2023-2029).
- Semiconductor High Purity Hydrofluoric Acid
market was valued at USD 2419
Million in 2023 and is anticipated to reach USD 3839 Million by 2030, witnessing a CAGR of
6.5% during the forecast period 2024-2030.
- According to a new report published by , titled, "Wet
Chemicals Market," The wet chemicals market was valued at D3.2
billion in 2021, and is estimated to reach D5.9 billion by 2031,
growing at a CAGR of 6.3% from 2022 to 2031.
- Global Semiconductor OHT (Overhead Hoist Transport)
market is expected to reach to USD 719
Million in 2023, with a positive growth of %, compared with
USD 669 Million in 2022. Backed with
the increasing demand from downstream industries, Semiconductor OHT
(Overhead Hoist Transport) industry is evaluated to reach
USD 1246.2 Million in 2029. The CAGR
will be 9.6% during 2023 to 2029.
- AMC Filters for Semiconductor market is projected
to reach USD 559.6 Million by 2028
from an estimated USD 399.2 Million
in 2022, at a CAGR of 5.8% during 2023 and 2028.
- Power Semiconductor Test Systems Market
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