The Global Functional Wet Electronic Chemical Market was valued at USD 2.15 Billion in 2024 and is projected to reach USD 3.42 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2030). This expansion is being fueled by the global semiconductor fabrication boom, rising adoption of advanced display technologies, and the accelerated miniaturization of electronic components requiring precision-chemical manufacturing processes.

As the electronics industry advances toward smaller, more efficient, and higher-performance devices, the focus intensifies on the specialized chemical manufacturers that enable cutting-edge semiconductor and display production. In this blog, we profile the Top 10 Companies in the Functional Wet Electronic Chemical Industry—a mix of global chemical giants and specialized technology pioneers shaping the future of microelectronics manufacturing.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Chemicals: Developers, Etchants, Strippers, CMP Slurries

BASF is a global leader in electronic chemicals, offering comprehensive wet process solutions for semiconductor and display fabrication. Their product portfolio includes advanced photoresist developers, selective etchants, and high-purity cleaning agents essential for sub-10nm node manufacturing.

Sustainability Initiatives:

• Developing fluorine-free and chrome-free alternatives
• Partnerships with leading foundries and IDMs
• Targets carbon-neutral production by 2050

Download FREE Sample Report: Functional Wet Electronic Chemical Market – View in Detailed Research Report

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9️⃣ 2. Merck KGaA

Headquarters: Darmstadt, Germany
Key Chemicals: Etchants, Strippers, CMP Slurries

Merck KGaA (including its Versum Materials acquisition) provides high-purity wet chemicals for advanced semiconductor processes. Their solutions enable critical steps in chip manufacturing including photolithography, etching, and planarization.

Sustainability Initiatives:

• Circular economy approach to chemical production
• R&D in green chemistry alternatives

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8️⃣ 3. Entegris, Inc.

Headquarters: Billerica, Massachusetts, USA
Key Chemicals: Photoresist strippers, CMP slurries, Cleaners

Entegris specializes in contamination-control solutions and high-purity process chemicals. The company serves major semiconductor manufacturers with products designed for next-generation IC fabrication.

Sustainability Initiatives:

• Closed-loop recycling systems for chemical recovery
• Ultra-high purity manufacturing standards

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Chemicals: Etchants, Strippers, Cleaners

DuPont’s electronic chemicals division provides critical materials for semiconductor manufacturing, including advanced etchants and photoresist strippers for the most demanding applications.

Sustainability Initiatives:

• Green chemistry initiatives for reduced environmental impact
• Developing safer chemical alternatives

Download FREE Sample Report: Functional Wet Electronic Chemical Market – View in Detailed Research Report

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6️⃣ 5. Tokyo Ohka Kogyo Co., Ltd. (TOK)

Headquarters: Kawasaki, Kanagawa, Japan
Key Chemicals: Developers, Etchants, Strippers

TOK is a leading global supplier of photoresists and related wet chemicals for semiconductor and display manufacturing. Their advanced formulations support EUV lithography and other leading-edge processes.

Sustainability Initiatives:

• Water recycling and waste minimization programs
• Developing low-carbon footprint manufacturing processes

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5️⃣ 6. Solvay SA

Headquarters: Brussels, Belgium
Key Chemicals: High-purity etchants, Cleaners, CMP slurries

Solvay provides high-performance specialty chemicals for semiconductor manufacturing, including advanced CMP slurries and high-purity etchants.

Sustainability Initiatives:

• Sustainable chemistry roadmap with specific targets
• Partnerships for developing eco-friendly alternatives

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4️⃣ 7. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Chemicals: Developers, Etchants, Strippers

Mitsubishi Chemical offers a wide range of wet electronic chemicals including photoresist developers and cleaning solutions for semiconductor fabs.

Sustainability Initiatives:

• Carbon neutrality targets for 2050
• Developing recyclable and biodegradable chemical alternatives

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3️⃣ 8. LG Chem

Headquarters: Seoul, South Korea
Key Chemicals: Developers, Etchants, Display chemicals

LG Chem is a key supplier of wet electronic chemicals for display manufacturing, particularly for OLED and LCD production processes.

Sustainability Initiatives:

• OLED material recycling initiatives
• Green technology development programs

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2️⃣ 9. Avantor, Inc.

Headquarters: Radnor, Pennsylvania, USA
Key Chemicals: High-purity etchants, Cleaners, Developers

Avantor provides high-purity materials and process chemicals for semiconductor manufacturing facilities worldwide.

Sustainability Initiatives:

• Circular economy partnerships with semiconductor manufacturers
• Developing sustainable supply chain solutions

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1️⃣ 10. Nagase & Co., Ltd.

Headquarters: Tokyo, Japan
Key Chemicals: Developers, Etchants, Strippers

Nagase offers a comprehensive portfolio of wet electronic chemicals for both semiconductor and display manufacturing processes.

Sustainability Initiatives:

• Environmental management system certifications
• Developing eco-friendly chemical alternatives

Get Full Report Here: Functional Wet Electronic Chemical Market – View in Detailed Research Report

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🌍 Outlook: The Future of Functional Wet Electronic Chemicals Is Ultra-Pure and Precision-Engineered

The functional wet electronic chemicals market is experiencing transformative changes driven by the increasing complexity of semiconductor manufacturing processes and the global demand for smaller, more powerful electronic devices. Companies are investing significantly in ultra-high purity manufacturing capabilities and developing specialized chemicals for next-generation fabrication technologies.

📈 Key Trends Shaping the Market:

• R&D in specialized chemicals for sub-3nm node manufacturing
• Increasing adoption of EUV lithography processes
• Growing demand for advanced packaging solutions
• Rising investments in specialty chemicals for OLED display production

Get Full Report Here: Functional Wet Electronic Chemical Market – View in Detailed Research Report

The companies listed above are not only enabling global electronics manufacturing—they’re driving the precision revolution that powers modern digital technology.