The Global Semiconductor Coolant Market was valued at USD 2.1 Billion in 2024 and is projected to reach USD 3.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2030). This growth is being driven by increasing computational power demands, the proliferation of data centers, and the accelerating adoption of advanced thermal management solutions across semiconductor manufacturing and high-performance computing sectors.

As the electronics industry advances toward smaller, more powerful chips and energy-efficient operations, the spotlight is on the key material science companies who are driving innovation, reliability, and precision cooling pathways. In this blog, we profile the Top 10 Companies in the Semiconductor Coolant Industry—a mix of chemical giants, fluoropolymer specialists, and thermal management pioneers shaping the future of global electronics manufacturing.

Download FREE Sample Report:
Semiconductor Coolant Market – View in Detailed Research Report

---

🔟 1. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: Fluorinert™ Electronic Liquids, Novec™ Engineered Fluids

3M is a global leader in specialty chemicals, renowned for its Fluorinert and Novec brands of engineered fluids. These high-performance coolants are vital for single-phase and two-phase immersion cooling in data centers and for thermal management during semiconductor wafer testing and manufacturing due to their exceptional dielectric properties and thermal stability.

Innovation Initiatives:

• Development of low Global Warming Potential (GWP) formulations

• Expansion of immersion cooling solutions for AI and HPC data centers

• Commitment to achieving carbon neutrality by 2050

---

9️⃣ 2. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Galden® PFPE, Fomblin® PFPE Fluids

Solvay is a key global supplier of high-performance Perfluoropolyether (PFPE) fluids under the Galden and Fomblin brands. These coolants offer exceptional thermal stability, non-flammability, and compatibility with sensitive electronic components, making them ideal for demanding semiconductor fabrication processes and extreme environment testing.

Innovation Initiatives:

• Investment in sustainable PFPE production technologies

• Collaboration with semiconductor equipment manufacturers for customized solutions

---

8️⃣ 3. Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Vertrel® Specialty Fluids, Freon™ Refrigerants

The Chemours Company, spun off from DuPont, is a major player in fluoroproducts. Its Vertrel line of specialty fluids is widely used for precision cleaning, drying, and heat transfer in semiconductor manufacturing. The company’s expertise in fluorine chemistry is critical for developing next-generation cooling agents.

Innovation Initiatives:

• Focus on environmentally preferable formulations with reduced environmental impact

• R&D into new molecules for advanced node semiconductor production (<3nm)

Download FREE Sample Report:
Semiconductor Coolant Market – View in Detailed Research Report

---

7️⃣ 4. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Daikin Fluoro-chemicals, Immersion Cooling Fluids

Daikin, a global leader in air conditioning and fluorochemicals, supplies high-purity fluids for the electronics industry. The company leverages its deep expertise in refrigeration and heat transfer to develop coolants for direct-to-chip and immersion cooling applications in high-density servers and semiconductor testers.

Innovation Initiatives:

• Development of non-conductive, non-flammable immersion cooling fluids

• Integration of cooling solutions for entire data center thermal management systems

---

6️⃣ 5. AGC Inc.

Headquarters: Tokyo, Japan
Key Offering: AsahiGuard® & Asahiklin® Fluorinated Fluids

AGC (formerly Asahi Glass Co.) is a leading manufacturer of glass, electronics, and chemical products. Its AsahiGuard and Asahiklin fluorinated fluids are engineered for high thermal stability and chemical inertness, serving critical roles in semiconductor etching, cleaning, and temperature control systems.

Innovation Initiatives:

• Expansion of production capacity for electronic-grade fluorine compounds

• Partnerships with Asian semiconductor foundries for supply chain localization

---

5️⃣ 6. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-purity Silicon-based Fluids, Semiconductor Materials

Shin-Etsu Chemical is the world’s largest supplier of silicon wafers and a major producer of silicones and specialty chemicals. The company offers high-purity silicon-based heat transfer fluids used in temperature-controlled chucks and other wafer processing equipment where minimal contamination is paramount.

Innovation Initiatives:

• Vertical integration from silicon metals to high-purity electronic fluids

• R&D focused on compatibility with next-generation semiconductor materials

---

4️⃣ 7. Fluorochem Limited

Headquarters: Cheshire, United Kingdom
Key Offering: Specialty Fluorinated Compounds, Custom Coolant Blends

Fluorochem is a specialized supplier of fluorinated building blocks and specialty fluids. The company provides high-value, custom-formulated coolants for niche applications in semiconductor reliability testing and research laboratories, catering to specific thermal and chemical resistance requirements.

Innovation Initiatives:

• Agile development of custom molecules for R&D and prototyping

• Focus on supplying the European research and innovation ecosystem

Download FREE Sample Report:
Semiconductor Coolant Market – View in Detailed Research Report

---

3️⃣ 8. Halopolymer, OJSC

Headquarters: Kirovo-Chepetsk, Russia
Key Offering: Fluoroplastic-based Coolants, Industrial Heat Transfer Fluids

Halopolymer is a key Russian producer of fluoropolymers and related chemical products. The company supplies heat transfer fluids used in various industrial processes, with applications in temperature control units for electronics manufacturing within its regional market.

Innovation Initiatives:

• Focus on import substitution for the domestic electronics sector

• Development of fluids for harsh climatic conditions

---

2️⃣ 9. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, Zhejiang, China
Key Offering: Refrigerants, Fluoropolymers, Electronic Chemicals

Zhejiang Juhua is a major Chinese chemical enterprise with a significant presence in the fluorochemical industry. The company produces a range of refrigerants and specialty chemicals that are increasingly being adapted for use in cooling electronic equipment and supporting the growing domestic semiconductor sector.

Innovation Initiatives:

• Significant investment in R&D to support China’s semiconductor self-sufficiency goals

• Expansion of high-purity electronic chemical production lines

---

1️⃣ 10. ICL Group Ltd.

Headquarters: Tel Aviv, Israel
Key Offering: Bromine-based Flame Retardants, Specialty Minerals

ICL Group is a global specialty minerals and chemicals company. While not a direct coolant manufacturer, its bromine and phosphorus-based compounds are critical additives that enhance the safety and performance of liquid cooling systems by providing flame retardancy, which is essential for protecting high-value electronics.

Innovation Initiatives:

• Development of environmentally sustainable flame retardant solutions for electronics

• Strategic partnerships with coolant formulators and data center operators

Get Full Report Here:
Semiconductor Coolant Market – View in Detailed Research Report

---

🌡️ Outlook: The Future of Semiconductor Cooling Is Smarter and More Efficient

The semiconductor coolant market is undergoing a fundamental transformation. While traditional air cooling and simple liquid systems are still prevalent, the industry is investing heavily in advanced thermal management technologies, novel coolant chemistries, and integrated cooling architectures to keep pace with exponential growth in heat flux.

📈 Key Trends Shaping the Market:

• Rapid adoption of single-phase and two-phase immersion cooling for AI data centers

• Regulatory push for low-GWP and PFAS-free coolant formulations

• Integration of IoT and AI for predictive and dynamic thermal management

• Close collaboration between chip designers, coolant suppliers, and system integrators

Get Full Report Here:
Semiconductor Coolant Market – View in Detailed Research Report

The companies listed above are not only enabling the production of advanced electronics—they’re spearheading the thermal revolution that will underpin the next generation of computing.