Top 10 Companies in the Global Buffered Oxide Etch (BOE) Industry (2025): Chemical Innovators Powering Semiconductor Manufacturing

In Business Insights
July 01, 2025

The Global Buffered Oxide Etch (BOE) Market was valued at USD 19.3 million in 2024 and is projected to reach USD 31.5 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024-2032). This growth is being driven by expanding semiconductor production, increasing demand for high-purity etching solutions, and advancements in microelectronics fabrication requiring nanometer-scale precision.

As the semiconductor industry moves toward smaller process nodes and complex 3D architectures, the importance of BOE solutions for precise oxide layer etching has become paramount. This analysis profiles the Top 10 BOE Manufacturers – global chemical specialists and semiconductor material suppliers shaping the future of chip fabrication technologies.


🔟 1. Stella-Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: Ultra High Purity BOE, Semiconductor-grade HF solutions

Stella-Chemifa leads the global BOE market with advanced formulations for cutting-edge semiconductor production. Their Ultra High Purity Grade BOE meets rigorous specifications for sub-7nm node manufacturing, serving top foundries worldwide.

Technology Leadership:

  • Integrated HF/NH4F production from raw materials
  • PPB-level impurity control technology
  • Strategic alliances with leading semiconductor equipment manufacturers

Download FREE Sample Report: Global Buffered Oxide Etch(BOE) Market – View in Detailed Research Report


9️⃣ 2. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Fine Electronic Grade BOE, Fluorochemical solutions

Daikin leverages its fluorochemical expertise to deliver high-performance BOE formulations. The company supplies major semiconductor manufacturers across Asia and North America with customized etching chemistries.

Technology Leadership:

  • Advanced HF purification processes
  • Automated blending for batch consistency

8️⃣ 3. Morita Chemical Industries

Headquarters: Osaka, Japan
Key Offering: Semiconductor-grade BOE, High-purity chemicals

Morita Chemical specializes in ultra-clean BOE solutions for memory and logic chip production. The company operates dedicated manufacturing facilities serving the Asian semiconductor market.

Technology Leadership:

  • Proprietary filtration systems
  • On-site quality control laboratories

Download FREE Sample Report: Global Buffered Oxide Etch(BOE) Market – View in Detailed Research Report


7️⃣ 4. Shaowu Huaxin Chemical

Headquarters: Fujian, China
Key Offering: Cost-effective BOE, Domestic semiconductor solutions

As China’s premier BOE supplier, Shaowu Huaxin provides localized etching solutions for the expanding Chinese semiconductor industry. The company has significantly increased production capacity in recent years.

Technology Leadership:

  • Vertically integrated ammonium fluoride production
  • Custom formulations for Chinese foundries

6️⃣ 5. Zhejiang Hailan Chemical Group

Headquarters: Zhejiang, China
Key Offering: BOE for advanced packaging and MEMS applications

Zhejiang Hailan has emerged as a key supplier for China’s growing semiconductor packaging sector, focusing on application-specific etching solutions.

Technology Leadership:

  • Specialized TSV etching formulations
  • Regional supply chain advantages

5️⃣ 6. Xiangshui Xinlianhe Chemical

Headquarters: Jiangsu, China
Key Offering: Semiconductor-grade BOE, Wet process chemicals

Xiangshui Xinlianhe offers comprehensive wet chemical solutions including BOE to Chinese chip manufacturers, with significant investments in quality improvement programs.

Technology Leadership:

  • Advanced purification technology
  • Stringent particulate control

4️⃣ 7. Chengde Yingke Fine Chemical

Headquarters: Hebei, China
Key Offering: Budget BOE solutions, Foundry chemicals

Chengde Yingke serves China’s semiconductor expansion with cost-competitive BOE formulations, focusing on the needs of secondary fabs and packaging facilities.

Technology Leadership:

  • Efficient production methodologies
  • Localized distribution networks

Download FREE Sample Report: Global Buffered Oxide Etch(BOE) Market – View in Detailed Research Report


3️⃣ 8. Changshu Xinhua Chemical

Headquarters: Jiangsu, China
Key Offering: Standard BOE, Industrial chemicals

Changshu Xinhua provides reliable BOE solutions to China’s electronics sector, balancing quality and affordability for volume applications.

Technology Leadership:

  • Established manufacturing track record
  • Competitive pricing strategy

2️⃣ 9. Versum Materials (Merck KGaA)

Headquarters: Pennsylvania, USA (German parent)
Key Offering: High-performance BOE, Advanced materials

Versum Materials, part of Merck’s Electronics business, provides premium BOE solutions for advanced semiconductor nodes with exacting purity requirements.

Technology Leadership:

  • State-of-the-art purification technology
  • Global technical service network

1️⃣ 10. Avantor Performance Materials

Headquarters: Pennsylvania, USA
Key Offering: BOE for R&D, Laboratory chemicals

Avantor serves the semiconductor research sector with high-quality BOE solutions for process development and prototyping applications.

Technology Leadership:

  • Small-batch customization
  • Technical documentation services

Get Full Report Here: Global Buffered Oxide Etch(BOE) Market – View in Detailed Research Report


🌍 Outlook: The Evolution of BOE in Semiconductor Fabrication

The Buffered Oxide Etch market is undergoing transformation as semiconductor technology advances toward more complex architectures and environmentally sustainable solutions.

📈 Key Market Trends:

  • Growing demand for Ultra High Purity formulations in sub-5nm production
  • Expanding BOE applications in 3D IC packaging solutions
  • Development of lower-HF “green” etching alternatives
  • Supply chain regionalization in key semiconductor markets

Get Full Report Here: Global Buffered Oxide Etch(BOE) Market – View in Detailed Research Report

The companies detailed above are not only providing essential materials for current chip production—they’re enabling the next wave of semiconductor innovation through advanced etching solutions.