The Global Wet Chemicals in Semiconductor Market was valued at USD 4.78 Billion in 2024 and is projected to reach USD 8.65 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2032). This expansion is fueled by the relentless advancement in semiconductor technology, the global push for domestic chip production, and the escalating demand for ultra-high-purity chemicals essential for manufacturing next-generation chips.

As the semiconductor industry navigates challenges from geopolitical tensions to unprecedented miniaturization, the reliability and purity of wet chemicals have never been more critical. In this blog, we profile the Top 10 Companies in the Wet Chemicals in Semiconductor Industry—a group of global chemical giants and specialized suppliers that are enabling the fabrication of everything from smartphones to AI accelerators.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultra-Pure Acids, Solvents, Etchants, and Photoresist Ancillaries

BASF stands as a global leader in the supply of high-purity wet chemicals, serving major semiconductor fabs worldwide. Their portfolio includes critical products like electronic-grade sulfuric acid, hydrogen peroxide, and ammonia solutions, which are vital for wafer cleaning and etching processes at advanced technology nodes.

Innovation Initiatives:

• Development of next-generation formulations for sub-3nm chip production

• Strategic expansions of high-purity chemical production capacities in Asia and Europe

• Focus on sustainable chemistry with reduced environmental footprint

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9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Electronic-Grade Hydrogen Peroxide, High-Purity Acids, CMP Slurries

Mitsubishi Chemical is a dominant force, particularly in the Asia-Pacific region, with its ultra-high-purity hydrogen peroxide being an industry benchmark. The company has made significant investments to support the massive manufacturing capacity of leading foundries like TSMC and Samsung.

Innovation Initiatives:

• Recent expansion of hydrogen peroxide production in Taiwan to meet 3nm demand

• R&D focused on defect reduction chemistries for advanced 3D NAND and DRAM

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8️⃣ 3. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: UltraPure™ Sulfuric Acid, Peroxide Solutions, Specialty Solvents

Solvay’s electronic materials division is a key supplier to the global semiconductor industry, renowned for its stringent quality control and consistent purity. The company’s products are essential for front-end-of-line (FEOL) and back-end-of-line (BEOL) processes in logic and memory fabrication.

Innovation Initiatives:

• Launch of new UltraPure™ product lines with enhanced performance for EUV lithography

• Investment in circular economy models for chemical recycling and reuse

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7️⃣ 4. Kanto Chemical Co., Inc.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Etchants (HF, BOE), Cleaning Chemicals, Photoresists

Kanto Chemical is a specialist supplier with a strong reputation for precision and reliability. The company provides a comprehensive range of wet process chemicals tailored for the exacting requirements of semiconductor manufacturing, from wafer cleaning to stripping.

Innovation Initiatives:

• Development of low-particle-count formulations for advanced packaging applications

• Expansion of supply chains to support new semiconductor fabs in the United States

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Global Wet Chemicals in Semiconductor Market – View in Detailed Research Report

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6️⃣ 5. Stella Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: Ultra-High-Purity Hydrofluoric Acid, Buffered Oxide Etchants (BOE)

Stella Chemifa is a world-leading producer of ultra-high-purity hydrofluoric acid, a critical chemical for silicon wafer etching and cleaning. The company’s products are indispensable for manufacturing the most advanced semiconductors, with purity levels exceeding 99.9999%.

Innovation Initiatives:

• Pioneering high-purity HF gas and liquid production technologies

• Focus on supply chain resilience and geographic diversification

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5️⃣ 6. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Electronic-Grade Solvents, Interconnect Cleaning Solutions, CMP Materials

Dow’s Electronics Materials business is a major supplier of solvents and cleaning solutions used throughout the semiconductor manufacturing process. The company’s products are critical for photolithography, wafer cleaning, and post-etch residue removal.

Innovation Initiatives:

• Advancements in sustainable solvent technologies with lower global warming potential

• Collaboration with equipment manufacturers to develop integrated process solutions

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4️⃣ 7. Avantor, Inc.

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Ultra-High-Purity Acids, J.T.Baker® Brand Chemicals, Custom Blends

Avantor is a leading global provider of ultra-high-purity materials and solutions for the semiconductor industry. Through its iconic J.T.Baker® brand, the company supplies essential chemicals for wafer fabrication, with a strong focus on quality and supply chain reliability.

Innovation Initiatives:

• Expansion of custom blending and packaging services for fab-specific requirements

• Digital platforms for streamlined chemical management and procurement

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3️⃣ 8. Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: Full-Spectrum Wet Chemicals, Photoresists, PCB Materials

Chang Chun Group is a key regional supplier in the heart of Asia’s semiconductor manufacturing ecosystem. The company offers a wide array of wet chemicals and is strategically positioned to serve the dense network of fabs and OSATs in Taiwan, China, and South Korea.

Innovation Initiatives:

• Significant R&D investment in materials for advanced nodes and packaging

• Vertical integration to ensure consistent quality and supply security

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Electronic-Grade Acids, Solvents, Etchants under the Honeywell brand

Honeywell’s Electronic Materials division provides high-purity chemicals that meet the stringent requirements of semiconductor manufacturing. The company leverages its expertise in materials science to develop solutions that enhance yield and process efficiency.

Innovation Initiatives:

• Development of low-defect formulations for critical cleaning steps

• Investment in localized production to support the U.S. CHIPS Act initiatives

Download FREE Sample Report:
Global Wet Chemicals in Semiconductor Market – View in Detailed Research Report

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1️⃣ 10. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Specialty Chemicals, High-Performance Materials, Ultra-Purified Gases

Arkema is a global specialty chemicals company that supplies critical materials to the semiconductor industry. While known for its advanced materials, the company also provides high-purity chemical intermediates and specialty solvents used in various chip fabrication processes.

Innovation Initiatives:

• Focus on developing environmentally friendly alternatives to traditional chemistries

• Strategic partnerships with semiconductor manufacturers for co-development projects

Get Full Report Here:
Global Wet Chemicals in Semiconductor Market – View in Detailed Research Report

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🚀 Outlook: The Future of Semiconductor Wet Chemicals Is Driven by Purity and Sustainability

The semiconductor wet chemicals market is undergoing a profound transformation. As chip geometries shrink to atomic scales and new architectures emerge, the demand for flawless, ultra-pure chemicals is intensifying. The industry is simultaneously navigating a pivot toward more sustainable and secure supply chains.

📈 Key Trends Shaping the Market:

• Purity requirements advancing beyond 99.9999% for sub-3nm node manufacturing

• Rising demand for advanced packaging chemistries driven by 3D integration and chiplets

• Accelerated regionalization of supply chains through government initiatives like the CHIPS Act

• Integration of digital monitoring and IoT for real-time chemical quality and consumption tracking

Get Full Report Here:
Global Wet Chemicals in Semiconductor Market – View in Detailed Research Report

The companies profiled above are not just supplying essential chemicals—they are foundational partners in building the next generation of technological innovation that will power our digital future.