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 robust growth is propelled by the relentless expansion of the semiconductor industry, the transition to advanced nodes below 5nm, and the increasing complexity of chip manufacturing processes that demand ultra-high purity chemical solutions.

As the digital revolution accelerates, driven by AI, 5G, and IoT, the role of high-purity wet chemicals has never been more critical. These substances are the lifeblood of semiconductor fabrication, enabling the precise cleaning, etching, and surface preparation required for today’s sophisticated chips. In this blog, we profile the Top 10 Companies in the Global Wet Chemicals for Semiconductor Industry—a combination of global chemical titans and specialized innovators shaping the future of microelectronics manufacturing.

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🔟 1. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity Hydrogen Peroxide, Sulfuric Acid, Ammonium Hydroxide, Specialty Formulations

Mitsubishi Chemical stands as a global leader in electronic-grade wet chemicals, renowned for its exceptional purity standards that meet the stringent requirements of sub-5nm semiconductor manufacturing. The company supplies major foundries worldwide, including TSMC and Samsung, and has consistently invested in capacity expansions to keep pace with industry demand. Its recent commissioning of a new hydrogen peroxide plant in Taiwan specifically targets the needs of advanced 3nm chip production.

Innovation Initiatives:

• Pioneering formulations for EUV lithography cleaning processes

• Development of low-carbon-footprint chemical recycling systems

• Strategic R&D focused on next-generation memory and logic applications

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

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Comprehensive Portfolio including Etchants, Strippers, Cleaners, and CMP Slurries

BASF is a dominant force in the semiconductor chemicals space, leveraging its vast chemical expertise to deliver integrated solutions for chipmakers. The company’s electronic chemicals division provides critical products for wafer fabrication, with a strong emphasis on innovation for advanced packaging and 3D NAND technologies. BASF maintains a global production and supply network to ensure reliability for its customers.

Innovation Initiatives:

• Investment in R&D for selective etching chemistries for GAA transistors

• Expansion of production capacities in Asia and the United States

• Focus on sustainable chemistry and reduced environmental impact

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8️⃣ 3. Stella Chemifa Corporation

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

Stella Chemifa specializes in ultra-high purity fluorine-based chemicals, making it a critical supplier for silicon wafer cleaning and oxide etching. The company is renowned for its quality control, achieving purity levels that are essential for high-yield semiconductor manufacturing. Its products are indispensable in the fabrication of both logic chips and memory devices.

Innovation Initiatives:

• Development of high-selectivity etching solutions for advanced nodes

• Continuous improvement of purification technologies to achieve parts-per-trillion purity

• Expansion of electronic-grade HF production to support global fab expansions

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7️⃣ 4. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: UltraPure™ Peroxides, Acids, and Solvents for Semiconductor Processing

Solvay is a key European player with a strong portfolio of high-purity wet chemicals. The company’s UltraPure™ product line is designed to meet the extreme cleanliness requirements of modern fabs. Solvay has a strong focus on the intersection of performance and sustainability, developing solutions that minimize environmental impact without compromising on efficacy.

Innovation Initiatives:

• Launch of new peroxide blends for advanced wafer cleaning applications

• R&D into green chemistry alternatives for traditional solvent-based processes

• Collaborations with major semiconductor manufacturers on custom formulations

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

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6️⃣ 5. Kanto Chemical Co., Inc.

Headquarters: Tokyo, Japan
Key Offering: Full-Spectrum High-Purity Acids, Solvents, and Mixtures

Kanto Chemical is a leading Japanese supplier with a comprehensive catalog of wet process chemicals used throughout semiconductor manufacturing. The company is known for its reliability and consistency, supplying fabs across Asia and beyond. Its chemicals are critical for steps ranging from initial wafer cleaning to final rinse and dry processes.

Innovation Initiatives:

• Development of low-metal-ion formulations for sensitive device layers

• Enhancement of supply chain logistics for just-in-time delivery to fabs

• Investment in analytical capabilities for unparalleled quality assurance

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5️⃣ 6. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Electronic-Grade Solvents, Interconnect Cleaning Chemistry

Dow brings its immense chemical manufacturing expertise to the semiconductor sector, providing high-purity solvents and cleaning chemistries. The company plays a significant role in the backend processes, particularly in cleaning and preparing surfaces for interconnect and packaging applications. Dow’s global presence ensures a stable supply for its diverse customer base.

Innovation Initiatives:

• Advancements in solvent technology for photoresist stripping and residue removal

• Focus on formulations compatible with new materials used in advanced chip architectures

• Sustainability-driven R&D to reduce the environmental footprint of chip manufacturing

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4️⃣ 7. Arkema Group

Headquarters: Colombes, France
Key Offering: Specialty Chemicals for Etching and Surface Conditioning

Arkema is a global specialty chemicals company with a growing presence in the electronics market. Its products are used in specific etching and surface preparation steps, where tailored chemical properties are required. The company leverages its expertise in fluorine and acrylic chemistry to develop unique solutions for semiconductor applications.

Innovation Initiatives:

• Development of novel etching agents for complex 3D structures

• Expansion of its electronic materials division through targeted R&D

• Strategic focus on the high-growth Asian semiconductor market

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3️⃣ 8. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Electronic Chemicals, Deposition Precursors, Safe Handling Systems

Honeywell provides a range of high-purity electronic chemicals and is particularly noted for its integrated approach, often bundling chemicals with safe-handling equipment and services. This provides added value to semiconductor manufacturers who are managing complex and hazardous materials within their cleanrooms.

Innovation Initiatives:

• Investment in purification technologies for next-generation nodes

• Development of closed-loop chemical delivery and management systems

• Focus on supply chain resilience and geographic diversification

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2️⃣ 9. Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: Wet Chemicals, Photoresists, CMP Slurries for Semiconductor Fabs

Chang Chun Group is a major Taiwanese chemical company with a strong foothold in the regional semiconductor supply chain. Its proximity to the world’s largest concentration of advanced fabs gives it a strategic advantage. The company offers a broad portfolio of wet chemicals essential for the entire chip manufacturing process.

Innovation Initiatives:

• Rapid scaling of production to support Taiwan’s leading-edge foundries

• Development of cost-effective alternatives for high-volume manufacturing

• Strategic partnerships with local semiconductor equipment providers

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1️⃣ 10. Avantor Performance Materials

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

Avantor, through its iconic J.T.Baker® brand, is a trusted global supplier of ultra-high-purity chemicals for the semiconductor industry. The company provides critical materials for analytics, R&D, and production, with a reputation for quality and consistency. Avantor’s extensive distribution network ensures reliable access for research institutes and manufacturers alike.

Innovation Initiatives:

• Continuous enhancement of purity standards for emerging semiconductor materials

• Digital tools for supply chain transparency and chemical management

• Focus on providing complete chemical management solutions beyond just product supply

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 Smarter and More Sustainable

The semiconductor wet chemicals market is undergoing a fundamental transformation. While traditional acids and solvents continue to form the backbone of fabrication, the industry is aggressively innovating to support next-generation technologies while addressing environmental and supply chain challenges.

📈 Key Trends Shaping the Market:

• Exponential growth in ultra-high purity requirements for sub-3nm nodes and beyond

• Rise of sustainable and green chemistry initiatives to reduce environmental impact

• Increased regionalization of supply chains driven by government policies like the CHIPS Act

• Expansion into advanced packaging applications such as hybrid bonding and 3D integration

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

The companies listed above are not only supplying the essential ingredients for modern electronics—they are actively driving the innovation that will enable the next wave of digital advancement.