Semiconductor Chemical Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033

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The new report published by The Business Research Company, titled Semiconductor Chemical Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the semiconductor chemical market size has grown rapidly in recent years. It will grow from $10.63 billion in 2023 to $11.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The semiconductor chemical market size is expected to see rapid growth in the next few years. It will grow to $19.16 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.

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What Is Driving The Growth Of The Global Semiconductor Chemical Market?

Rising Electric Vehicle Adoption Fuels Growth In Semiconductor Chemical Market
The growing use of electric vehicles is expected to propel the growth of the semiconductor chemical market going forward. An electric vehicle (EV) is a type of vehicle that uses electric motors powered by rechargeable batteries instead of internal combustion engines fueled by gasoline or diesel. The use of electric vehicles is rising due to their environmental benefits, lower operating costs, advancements in battery technology, and increasing government incentives for reducing greenhouse gas emissions. Semiconductor chemicals are required for electric vehicles to manufacture and enhance the performance of critical electronic components, such as power management systems, battery controllers, and advanced driver-assistance systems (ADAS). For instance, in April 2023, according to a report published by the International Energy Agency, a France-based intergovernmental organization, over 10 million electric cars were sold globally in 2023, with sales projected to increase by 35% this year to reach 14 million. By 2030, electric cars are expected to account for approximately 60% of total sales in China, the EU, and the United States. Therefore, the growing use of electric vehicles is driving the growth of the semiconductor chemical market.

What Is The Key Trend In The Global Semiconductor Chemical Market?

Strategic Partnerships Enhance Semiconductor Chemicals Supply Chain And Drive EUV Lithography Advancements
Major companies operating in the semiconductor chemicals market are adopting a strategic partnership approach to provide robust chemical supply chains for global chipmakers. Strategic partnerships involve companies utilizing each other's strengths and resources to achieve shared benefits and success. For instance, in July 2022, Lam Research Corp., a US-based semiconductor company, along with Entegris Inc., a US-based manufacturer and supplier of materials for the semiconductor industry, partnered with Gelest Inc., a US-based chemical company. The partnership aims to ensure semiconductor manufacturers worldwide have reliable access to precursor chemicals for Lam's innovative dry photoresist technology used in extreme ultraviolet (EUV) lithography, which is crucial for producing next-generation semiconductors. By collaborating on R&D for EUV dry resist technology, the parties will advance future generations of logic and DRAM products, supporting applications ranging from machine learning and artificial intelligence to mobile devices. This long-term collaboration will enhance the supply chain for process chemicals, integrate EUV dry resist technology into high-volume manufacturing, and expand the ecosystem for dry resist technology, providing dual-source supply and ensuring delivery continuity across global markets.

How Is The Global Semiconductor Chemical Market Segmented?
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

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How Is The Competitive Landscape Of The Global 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

Contents Of The Global Semiconductor Chemical Market
1. Executive Summary
2. Semiconductor Chemical Market Report Structure
3. Semiconductor Chemical Market Trends And Strategies
4. Semiconductor Chemical Market - Macro Economic Scenario
5. Semiconductor Chemical Market Size And Growth
…..
27. Semiconductor Chemical Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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