Electronic Wet Chemicals Market to cross USD 8.4 Billion by 2032, Says Global Market Insights inc.
Electronic Wet Chemicals Industry size is expected to register 8% CAGR between 2024 and 2032 propelled by continuous innovation in semiconductor manufacturing.
Selbyville, Delaware, Sept. 09, 2024 (GLOBE NEWSWIRE) — Electronic Wet Chemicals Market value could reach USD 8.4 billion by 2032, as per a
Europe to Establish Strong Market Presence
Europe electronic wet chemicals market will record a remarkable market CAGR from 2024 to 2032, supported by the region’s robust semiconductor industry and growing investments in advanced electronics manufacturing. Countries such as Germany, France, and the Netherlands are leading the adoption of high-purity wet chemicals, driven by the need for precision and reliability in semiconductor fabrication. Moreover, the European Union’s focus on sustainability and reducing environmental impact pushes manufacturers to develop greener and more efficient wet chemicals. As Europe continues to invest in semiconductor innovation and sustainable manufacturing practices, the region is set to be a major contributor to the global market.
Electronic Wet Chemicals Market Players
Key players in the electronic wet chemicals industry include BASF SE, Honeywell International Inc., Mitsubishi Chemical Corporation, Dow Chemical Company, Sumitomo Chemical Co., Ltd., Cabot Microelectronics Corporation, Technic Inc., Fujifilm Corporation, KMG Chemicals, Inc., Linde plc, Tokyo Ohka Kogyo Co., Ltd., Air Products and Chemicals, Inc.
The demand in the Electronic Wet Chemicals Market is driven by efforts from key industry players to enhance semiconductor manufacturing processes. Companies like BASF and Fujifilm Corporation are investing in advanced formulations that improve cleaning, etching, and surface preparation for electronic components. These innovations are crucial as the semiconductor industry expands, requiring more precise and efficient chemical solutions.
In April 2024, Runjing Chemical, a producer of Tetramethylammonium hydroxide products, acquired Sumitomo Chemical’s two facilities in China. The Hefei and Chongqing plants will be fully integrated into Runjing Chemical’s operations, becoming wholly-owned subsidiaries of the company.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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