The Global Semicon Etchants Market was valued at USD 3.2 Billion in 2024 and is projected to reach USD 4.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period (2024–2030). This robust growth is fueled by the escalating demand for advanced semiconductor devices, the proliferation of IoT and AI applications, and the transition to smaller, more complex node technologies like 3nm and 2nm which require highly selective and precise etching solutions.

As the electronics industry advances toward next-generation chips and sophisticated device architectures, the critical role of etchant suppliers in enabling this progress becomes paramount. In this blog, we profile the Top 10 Companies in the Semicon Etchants Industry—a group of chemical giants, specialty material suppliers, and technology innovators shaping the future of semiconductor fabrication.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Wet Etchants (Acids, Solvents), CMP Slurries, Photoresists

BASF is a global leader in chemical solutions for the electronics industry, offering a comprehensive portfolio of high-purity wet etchants. Their products are essential for cleaning, etching, and patterning silicon wafers at various stages of semiconductor manufacturing, serving leading foundries and IDMs worldwide.

Innovation & Development Initiatives:

• Development of advanced formulations for ultra-selective etching at advanced nodes

• Expansion of production capacity for high-purity electronic chemicals in Asia

• Strong R&D focus on environmentally sustainable etching chemistries

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Semicon Etchants Market – View in Detailed Research Report

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9️⃣ 2. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Fluorochemical-based Etchants, High-Purity Peroxides, Specialty Gases

Solvay is a key player in the semiconductor etching market, particularly known for its fluorochemical expertise. The company supplies critical etching agents used in both wet and dry etch processes for silicon, silicon dioxide, and metal layers, with a strong presence in the global semiconductor supply chain.

Innovation & Development Initiatives:

• Investment in fluorine chemistry for advanced dry etching applications

• Development of low global warming potential (GWP) etching gases

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8️⃣ 3. KMG Chemicals, Inc. (a subsidiary of Cabot Microelectronics)

Headquarters: Houston, Texas, USA
Key Offering: Ultra High Purity (UHP) Wet Chemicals, Photolithography Chemicals

KMG Chemicals, now part of Cabot Microelectronics, specializes in high-purity process chemicals for semiconductor manufacturing. Their etchants are critical for wafer cleaning, surface preparation, and selective material removal in fabs producing logic, memory, and power devices.

Innovation & Development Initiatives:

• Integration with Cabot’s CMP portfolio to offer comprehensive surface preparation solutions

• Focus on supply chain resilience and regional manufacturing capabilities

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7️⃣ 4. Stella Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: High-Purity Hydrogen Fluoride (HF), Buffered Oxide Etch (BOE), Specialty Fluoric Acids

Stella Chemifa is a leading Japanese supplier of high-purity fluorine-based chemicals, with hydrogen fluoride (HF) being their flagship product for silicon and oxide etching. The company holds a significant market share in Asia, serving major semiconductor manufacturers.

Innovation & Development Initiatives:

• Development of ultra-high-purity HF for sub-5nm node processes

• Expansion of electronic grade chemical production facilities

Download FREE Sample Report:
Semicon Etchants Market – View in Detailed Research Report

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6️⃣ 5. ADEKA Corporation

Headquarters: Tokyo, Japan
Key Offering: Super High Purity Chemicals, Etchants for Compound Semiconductors, Cleaning Solutions

ADEKA is a prominent specialty chemicals company with a strong focus on the semiconductor sector. Their product range includes etchants for silicon, gallium arsenide (GaAs), and gallium nitride (GaN) substrates, catering to the growing market for power devices and RF chips.

Innovation & Development Initiatives:

• R&D in etchants for wide-bandgap semiconductors

• Solutions for 3D NAND and DRAM manufacturing processes

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5️⃣ 6. Avantor, Inc.

Headquarters: Radnor, Pennsylvania, USA
Key Offering: J.T.Baker® Brand High-Purity Acids, Solvents, Etchants

Avantor is a global provider of ultra-high-purity materials and solutions, including a wide range of etching chemicals under its J.T.Baker® brand. The company supports semiconductor manufacturers with critical chemicals for wafer fabrication, with a strong emphasis on quality and supply chain reliability.

Innovation & Development Initiatives:

• Investment in regional purity and distribution centers to enhance supply security

• Development of customized etching formulations for specific fab requirements

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4️⃣ 7. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Wet Etchants, High-Purity Ammonia, Hydrogen Peroxide

Mitsubishi Chemical is a major chemical conglomerate with a significant presence in the semiconductor materials market. The company supplies essential etching and cleaning chemicals to fabs across Asia and globally, leveraging its scale and integrated manufacturing capabilities.

Innovation & Development Initiatives:

• Development of advanced wet chemical processes for next-generation devices

• Sustainability initiatives focused on reducing the environmental footprint of chemical production

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3️⃣ 8. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Fluorocarbon Gases for Dry Etching, C4F6, C5F8

Daikin is a world leader in fluorochemistry, producing specialized gases crucial for plasma-based dry etching processes. Their high-performance etch gases enable the creation of intricate patterns on semiconductor wafers, particularly for advanced memory and logic chips.

Innovation & Development Initiatives:

• Pioneering low-GWP alternative etching gases to meet environmental regulations

• Collaboration with semiconductor equipment makers to optimize gas performance

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Electronic Grade Chemicals, Etching Gases, Solvents

Honeywell’s Electronic Materials division is a key supplier of high-purity chemicals and gases to the semiconductor industry. Their product portfolio includes etchants and ancillary chemicals that meet the stringent purity requirements of modern semiconductor fabs.

Innovation & Development Initiatives:

• Advancements in purification technologies for electronic chemicals

• Global supply chain enhancements to support regional semiconductor expansions

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1️⃣ 10. Soulbrain Holdings Co., Ltd.

Headquarters: Gyeonggi-do, South Korea
Key Offering: Wet Chemicals, Etchants, Developers, Strippers

Soulbrain is a leading South Korean supplier of high-purity process chemicals for the semiconductor and display industries. The company has a strong technological foundation and works closely with major Korean chipmakers, providing tailored etching solutions for complex manufacturing processes.

Innovation & Development Initiatives:

• Strong R&D focus on chemicals for extreme ultraviolet (EUV) lithography processes

• Expansion of production capacity to support the growing domestic semiconductor industry

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Semicon Etchants Market – View in Detailed Research Report

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🌍 Outlook: The Future of Semicon Etchants Is More Precise and Selective

The semicon etchants market is undergoing a significant transformation. As device geometries shrink to atomic scales, the demand for etchants with unparalleled selectivity, minimal damage, and atomic-level precision is intensifying. The industry is investing heavily in next-generation chemistries to support the fabrication of 3D architectures and novel materials.

📈 Key Trends Shaping the Market:

• Shift toward atomic layer etching (ALE) for ultimate precision and control

• Growing demand for etchants compatible with new materials like high-k metals, ferroelectrics, and 2D materials

• Increased focus on environmental, health, and safety (EHS) aspects, driving the adoption of greener chemistries

• Supply chain regionalization and the establishment of local production hubs for critical chemicals

Get Full Report Here:
Semicon Etchants Market – View in Detailed Research Report

The companies listed above are not only supplying critical chemicals—they are enabling the technological advancements that power our digital world, from smartphones and data centers to electric vehicles and AI systems.