The Global Semiconductor Etchants Market was valued at USD 3.85 Billion in 2024 and is projected to reach USD 5.92 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2030). This significant growth is propelled by the relentless demand for smaller, more powerful semiconductor nodes, the expansion of 3D NAND and DRAM memory, and the increasing complexity of advanced logic and foundry processes.

As the semiconductor industry pushes the boundaries of Moore’s Law, the critical role of precision etching chemicals has never been more pronounced. These specialized formulations are essential for defining the intricate circuitry that powers everything from smartphones to AI servers. In this analysis, we profile the Top 10 Companies in the Semiconductor Etchants Industry—a collection of chemical giants and specialized suppliers who are enabling the future of microelectronics.

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🔟 1. BASF SE

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

BASF is a global leader in the chemical industry and a major supplier of high-purity wet etchants and ancillary chemicals for semiconductor manufacturing. Its portfolio serves front-end wafer fabrication, including cleaning, etching, and planarization steps critical for advanced nodes.

Innovation & Development Focus:

• Development of next-generation formulations for sub-5nm and 3nm technology nodes

• Expansion of wet chemical production capacity in key semiconductor hubs like China and Taiwan

• Sustainable chemistry initiatives to reduce environmental impact of manufacturing processes

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9️⃣ 2. ADEKA Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Etchants, Cleaning Chemicals, Low-k Materials

ADEKA is a premier Japanese chemical company with a strong focus on high-performance electronic materials. Its semiconductor division provides ultra-pure etchants that are essential for achieving the defect-free surfaces required in modern chip fabrication.

Innovation & Development Focus:

• Specialization in low-k dielectric etchants and hard mask removal chemicals

• Strong R&D collaboration with leading Japanese semiconductor equipment makers

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8️⃣ 3. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Fluorochemical-based Etchants, C₂F₆, C₃F₈, C₄F₆, C₅F₈

Daikin is a world leader in fluorochemicals, supplying critical etching gases used in plasma etching processes. Its products are vital for silicon, silicon nitride, and oxide etching in the manufacturing of logic, memory, and MEMS devices.

Innovation & Development Focus:

• Pioneering low Global Warming Potential (GWP) etching gases to meet environmental regulations

• Development of high-selectivity gases for advanced 3D NAND and FinFET architectures

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7️⃣ 4. Stella Chemifa Corporation

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

Stella Chemifa is a leading global supplier of ultra-high purity hydrogen fluoride, a cornerstone chemical for silicon oxide etching and wafer cleaning. The company’s products are integral to virtually every semiconductor fab worldwide.

Innovation & Development Focus:

• Investment in production technology to achieve parts-per-trillion level purity

• Expansion of electronic-grade HF capacity to support the global chip shortage mitigation efforts

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6️⃣ 5. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Specialty Peroxides, Sulfuric Acid, Perfluoropolyether (PFPE)

Solvay provides a range of high-purity chemicals for semiconductor processing, including etchants and cleaning agents. Its expertise in fluorine and peroxide chemistry makes it a key player in the wet etchants segment.

Innovation & Development Focus:

• Sustainable product development with a focus on circular economy principles

• Advanced formulations for challenging applications like through-silicon via (TSV) etching

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5️⃣ 6. KMG Chemicals, Inc. (a subsidiary of Cabot Microelectronics)

Headquarters: Houston, Texas, USA
Key Offering: Ultra-Pure Chemicals, Photoresist Strippers, Cleaning Formulations

KMG Chemicals, now part of Cabot Microelectronics, specializes in high-purity process chemicals used in wafer fabrication. Its product line includes sophisticated etchants and cleaners designed for high-volume manufacturing.

Innovation & Development Focus:

• Integration with Cabot’s CMP slurries to offer comprehensive wafer planarization solutions

• Development of chemistries compatible with new materials like high-mobility channels and ferroelectric layers

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4️⃣ 7. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Wet Etchants, CMP Slurries, High-Purity Acids

Mitsubishi Chemical is a diversified chemical giant with a significant presence in the electronic materials sector. The company supplies a broad portfolio of etching and cleaning chemicals used across the semiconductor supply chain.

Innovation & Development Focus:

• R&D focused on materials for next-generation devices including GaN and SiC power semiconductors

• Strategic partnerships with semiconductor manufacturers for co-development of application-specific formulations

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3️⃣ 8. Avantor, Inc.

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

Avantor is a leading global provider of ultra-pure materials and solutions for the life sciences and technology industries. Its J.T.Baker® product line is a trusted source of high-purity etchants and related chemicals for semiconductor fabs.

Innovation & Development Focus:

• Supply chain resilience and local-for-local manufacturing strategies to ensure chemical availability

• Digital tools for chemical management and usage optimization in fab environments

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Electronic Specialty Gases, Etchant Gases (CF₄, NF₃, SF₆)

Honeywell’s Electronic Materials division is a key supplier of high-purity electronic specialty gases, including critical etching gases used in plasma-based patterning processes. Its gases are essential for oxide, silicon, and metal etching.

Innovation & Development Focus:

• Leading the development of sustainable alternatives to high-GWP fluorinated gases

• Advanced purification and packaging technologies to maintain gas integrity from production to point-of-use

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1️⃣ 10. OCI Company Ltd.

Headquarters: Seoul, South Korea
Key Offering: High-Purity Hydrogen Peroxide, Sulfuric Acid, Ammonia Water

OCI is a major Korean chemical company and a leading global supplier of ultra-pure hydrogen peroxide, a fundamental chemical for wafer cleaning and etching processes. The company plays a critical role in supporting the massive semiconductor industry in South Korea and beyond.

Innovation & Development Focus:

• Significant capacity expansion for high-purity hydrogen peroxide to meet soaring demand

• Vertical integration strategy to ensure stable supply of raw materials and consistent quality

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🔬 Outlook: The Future of Semiconductor Etchants Is More Precise and Selective

The semiconductor etchants market is undergoing a fundamental transformation. As chip architectures evolve toward 3D structures and angstrom-scale dimensions, the demand for etchants with atomic-level precision and unparalleled selectivity is intensifying.

📈 Key Trends Shaping the Market:

• Transition to Atomic Layer Etching (ALE) requiring new chemistries for self-limiting reactions

• Growing complexity of 3D NAND and GAA (Gate-All-Around) FET architectures demanding highly selective etch processes

• Rise of new substrate materials like SiC and GaN for power electronics, requiring specialized etchants

• Increasing environmental regulations driving development of sustainable and low-GWP etching gases

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Semicon Etchants Market – View in Detailed Research Report

The companies profiled above are not just supplying chemicals—they are enabling the technological progress that defines the digital age, one atom at a time.