Top 10 Companies in the Ammonium Fluoride Etchant Market (2025): Market Leaders Powering Advanced Electronics Manufacturing

In Business Insights
October 22, 2025


The Global Ammonium Fluoride Etchant Market was valued at USD 168.3 Million in 2024 and is projected to reach USD 245.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is driven by the expanding semiconductor industry, rising demand for LCD displays, and the vital role of ammonium fluoride-based etchants in creating advanced microelectronics across consumer electronics, automotive, and telecommunications sectors.

As the global electronics industry advances toward smaller nodes and complex architectures, the spotlight is on the key chemical manufacturers and suppliers driving innovation, precision, and cleaner production processes. In this blog, we profile the Top 10 Companies in the Ammonium Fluoride Etchant Industry—a diverse mix of chemical giants, specialty material producers, and regional leaders shaping the future of semiconductor fabrication and device patterning.


🔟 1. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-Purity Ammonium Fluoride Etchants and Electronic Chemicals

Honeywell is a global leader in high-performance chemicals for electronics manufacturing. Their semiconductor materials division provides ultra-pure ammonium fluoride etchants specifically formulated for critical silicon and oxide etching applications.

Technology Initiatives:

  • Development of next-generation selective etch formulations

  • Partnerships with major semiconductor foundries

  • Investment in digital process monitoring solutions

Download FREE Sample Report: Ammonium Fluoride Etchant Market – View in Detailed Research Report


9️⃣ 2. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Ammonium Fluoride Etchants, CMP Slurries, Fluorochemicals

Daikin’s electronic materials business offers high-purity ammonium fluoride formulations for advanced semiconductor manufacturing processes, with particular strength in the Asian electronics market.

Technology Initiatives:

  • Advanced fluorochemical R&D

  • Customized etchant solutions for memory and logic devices


8️⃣ 3. FUJIFILM Electronic Materials

Headquarters: Tokyo, Japan
Key Offering: Specialty etchants, CMP slurries, photoresists

FUJIFILM Electronic Materials specializes in advanced chemical formulations for semiconductor manufacturing, including highly selective ammonium fluoride-based etchants.

Technology Initiatives:

  • Expansion of high-purity chemical production capacity

  • Development of environmentally sustainable etchant alternatives


7️⃣ 4. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Ultra-pure ammonium fluoride, electronics-grade chemicals

Solvay is a major global supplier of high-purity specialty chemicals, including ammonium fluoride etchants used in semiconductor wafer processing and IC manufacturing.

Technology Initiatives:

  • Circular economy initiatives in chemical manufacturing

  • Partnerships with equipment manufacturers for integrated process solutions

Download FREE Sample Report: Ammonium Fluoride Etchant Market – View in Detailed Research Report


6️⃣ 5. Merck KGaA

Headquarters: Darmstadt, Germany
Key Offering: Ultra-pure ammonium fluoride etchants, electronic materials

Merck’s electronics business provides high-purity ammonium fluoride formulations for semiconductor patterning and interlayer dielectric etching applications.

Technology Initiatives:

  • Investment in next-generation semiconductor materials

  • Specialty etchants for advanced packaging technologies


5️⃣ 6. Puritan Products, Inc.

Headquarters: Arvada, Colorado, USA
Key Offering: Electronics-grade ammonium fluoride, buffered oxide etch (BOE) solutions

Puritan Products specializes in high-purity chemicals for the electronics industry, including customized ammonium fluoride etchant formulations.

Technology Initiatives:

  • Development of custom etchant blends

  • Focus on low-defect etchant technologies


4️⃣ 7. Transene Company, Inc.

Headquarters: Rowley, Massachusetts, USA
Key Offering: Custom ammonium fluoride etchant formulations, chemical vapor deposition precursors

Transene provides specialized chemical formulations including ammonium fluoride-based etchants for microelectronics fabrication and research applications.

Technology Initiatives:

  • Specialized formulations for compound semiconductor applications

  • Technical support services for complex etching processes


3️⃣ 8. Jianghua Microelectronics Materials Co., Ltd.

Headquarters: Kunshan, Jiangsu, China
Key Offering: High-purity ammonium fluoride etchants, semiconductor process chemicals

Jianghua is a leading Chinese supplier of specialty chemicals for the semiconductor industry, with a growing portfolio of domestically developed etchant formulations.

Technology Initiatives:

  • Expansion of domestic chemical production capacity

  • Focus on import substitution in China’s semiconductor supply chain


2️⃣ 9. Stella Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: Ultra-high purity etchants, specialty fluorinated chemicals

Stella Chemifa specializes in high-purity fluorine-based electronic materials, including ammonium fluoride etchants for silicon processing.

Technology Initiatives:

  • Development of super-high-purity formulations for advanced nodes


1️⃣ 10. Kanto Chemical Co., Inc.

Headquarters: Tokyo, Japan
Key Offering: Electronics-grade chemicals, ammonium fluoride etchants, semiconductor process materials

Kanto Chemical is a major Japanese supplier of high-purity chemicals for the electronics industry.

Technology Initiatives:

  • Advancements in etchant selectivity and process control

Get Full Report Here: Ammonium Fluoride Etchant Market – View in Detailed Research Report


🌍 Outlook: The Future of Ammonium Fluoride Etchant Is More Selective and Sustainable

The ammonium fluoride etchant market is undergoing a significant transformation. While traditional formulations continue to serve critical applications, the industry is increasingly focused on advanced etching chemistries that offer enhanced selectivity, reduced environmental impact, and compatibility with next-generation semiconductor materials.

📈 Key Trends Shaping the Market:

  • Transition to sub-5nm and 3nm semiconductor manufacturing nodes increasing demand for precision etchants

  • Growing adoption of 3D NAND and DRAM technologies requiring complex etching capabilities

  • Digital transformation of chemical management and process monitoring in fabs

  • Increasing demand for environmentally sustainable etchant formulations with lower environmental footprint

  • Regional supply chain development, particularly in China and Southeast Asia, to reduce import dependencies in strategic industries

Get Full Report Here: Ammonium Fluoride Etchant Market – View in Detailed Research Report

The companies listed above are not only supporting global electronics manufacturing—they’re pioneering the precision chemistry necessary for the next generation of microelectronic devices.