The Global Electronic Wet Chemicals for Semiconductor Market was valued at USD 3.42 Billion in 2024 and is projected to reach USD 5.19 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This expansion is primarily driven by the global semiconductor shortage, increasing demand for advanced nodes (sub-7nm), and the accelerating adoption of high-purity, ultra-clean chemical formulations across integrated circuit (IC) and discrete device manufacturing sectors.

As the semiconductor industry advances toward smaller process nodes and more complex architectures, the spotlight is on the key chemical suppliers who are driving material innovation, purity standards, and manufacturing process efficiency. In this blog, we profile the Top 10 Companies in the Electronic Wet Chemicals for Semiconductor Industry—a mix of global chemical giants and specialty manufacturers shaping the future of chip production.

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🔟 1. Mitsubishi Chemical Corporation

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

Mitsubishi Chemical Corporation is a world leader in electronic wet chemicals, offering ultra-high purity grades essential for sub-10nm semiconductor fabrication. Their semiconductor materials division serves leading foundries, memory manufacturers, and IDM (Integrated Device Manufacturer) facilities globally, with significant investments in next-generation formulations for advanced patterning and cleaning processes.

Innovation Initiatives:

• Development of advanced cleaning chemistries for EUV lithography

• Strategic partnerships with major semiconductor equipment manufacturers

• Commitment to achieving carbon neutrality in operations by 2050

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

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9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultrapure Acids, Solvents, CMP Slurries, and Photoresist Strippers

BASF operates one of the most comprehensive electronic materials portfolios in the industry, providing critical wet chemicals for front-end and back-end semiconductor processes. The company maintains extensive R&D facilities dedicated to semiconductor material innovation and purity enhancement.

Innovation Initiatives:

• Advanced CMP (Chemical Mechanical Planarization) slurry development

• Collaboration with semiconductor manufacturers to develop application-specific formulations

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8️⃣ 3. Stella Chemifa Corporation

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

Stella Chemifa is a specialized manufacturer of ultra-pure fluorochemical products for the semiconductor industry. The company specializes in high-purity hydrofluoric acid and related compounds critical for silicon wafer etching and cleaning.

Innovation Initiatives:

• Development of next-generation etching solutions for 3D NAND and DRAM manufacturing.

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7️⃣ 4. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: High-Purity Hydrogen Peroxide, Electronic Grade Sulfuric Acid

Solvay provides essential wet process chemicals to semiconductor manufacturers worldwide, with a focus on sustainable manufacturing practices and supply chain reliability.

Innovation Initiatives:

• Expansion of ultrapure chemical production capacity in Asia

• Investment in green chemistry alternatives for semiconductor manufacturing

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

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6️⃣ 5. Arkema S.A.

Headquarters: Colombes, France
Key Offering: Electronic Grade Acids, Rinsing Agents, and Surface Preparation Chemicals

Arkema’s electronic chemicals division focuses on high-performance materials for advanced semiconductor applications, including specialty solvents and cleaning agents for next-generation devices.

Innovation Initiatives:

• Sustainable chemistry solutions for semiconductor manufacturing processes

• Development of low-global-warming-potential alternatives for semiconductor manufacturing.

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5️⃣ 6. ICL Performance Products LP

Headquarters: St. Louis, Missouri, USA
Key Offering: Phosphoric Acid, Electronic Grade Isopropyl Alcohol, and CMP Formulations

ICL Performance Products is a leading supplier of high-purity phosphate-based chemicals and other electronic materials for semiconductor fabrication processes.

Innovation Initiatives:

• Advanced phosphorus chemistry for semiconductor doping and etching applications

• Custom chemical formulations for specific semiconductor manufacturing requirements

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4️⃣ 7. Chang Chun Group

Headquarters: Taipei, Taiwan
Key Offering: Hydrogen Peroxide, Ammonium Hydroxide, and Cleaning Solutions

Chang Chun Group has established itself as a critical supplier to Taiwan’s massive semiconductor industry, providing essential wet chemicals with stringent purity specifications required for advanced node manufacturing.

Innovation Initiatives:

• Localized production and supply chain optimization for Asian semiconductor manufacturers

• Expansion into high-growth semiconductor chemical segments

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3️⃣ 8. Kanto Chemical Co., Inc.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Acids, Solvents, and Etchants for Semiconductor Processing

Kanto Chemical specializes in ultra-pure electronic chemicals for the semiconductor industry, with particular strength in the Japanese market and growing international presence.

Innovation Initiatives:

• Development of advanced cleaning chemistries for EUV lithography applications

• Strategic focus on developing formulations compatible with next-generation semiconductor manufacturing technologies

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2️⃣ 9. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Electronic Grade Sulfuric Acid, Hydrogen Peroxide, and RCA Clean Chemicals

Honeywell’s electronic materials business provides high-purity chemicals critical for semiconductor manufacturing, with a focus on reliability and consistent quality demanded by leading chip manufacturers.

Innovation Initiatives:

• Investment in next-generation purification technologies

• Collaboration with semiconductor manufacturers to optimize chemical processes and improve yield.

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1️⃣ 10. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: CMP Slurries, Advanced Cleaning Solutions, and High-Purity Solvents

Evonik’s electronic chemicals portfolio includes advanced materials for semiconductor manufacturing processes, with particular expertise in specialty chemicals for advanced packaging and interconnects.

Innovation Initiatives:

• Development of novel chemical formulations for 3D chip stacking and heterogeneous integration applications.

• Focus on developing sustainable and environmentally friendly alternatives for semiconductor manufacturing processes.

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

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🌍 Outlook: The Future of Electronic Wet Chemicals is Ultra-Pure and Application-Specific

The electronic wet chemicals market is undergoing a fundamental transformation driven by the semiconductor industry’s relentless pursuit of smaller geometries and higher performance. While traditional bulk chemicals still constitute significant volume, the industry is rapidly evolving toward ultra-high purity formulations, specialized application chemistries, and sustainable manufacturing processes.

📈 Key Trends Shaping the Market:

• Increasing demand for G5 (Grade 5) and higher purity levels for sub-5nm nodes

• R&D focus on advanced cleaning chemistries for EUV lithography and high-aspect-ratio structures

• Strategic localization of chemical production facilities near major semiconductor manufacturing clusters in Asia and North America

• Growing requirement for low-particle-count formulations in advanced semiconductor manufacturing

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

The companies listed above are not only enabling semiconductor manufacturing—they’re driving the technological evolution of the entire electronics industry.