The Global Wet Electronic Chemicals for Photovoltaic Cells Market was valued at USD 2.81 Billion in 2023 and is projected to reach USD 4.35 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period (2024–2030). This robust expansion is driven by the accelerating global shift to renewable energy, rapid scaling of solar panel manufacturing capacity, and the increasing demand for high-purity chemicals essential for producing efficient and durable photovoltaic cells.

As the solar energy industry pushes for higher conversion efficiencies and lower production costs, the role of high-purity wet electronic chemicals has become critically important. These chemicals—including etchants, cleaners, and dopants—are vital for wafer cleaning, texturing, and etching processes that define the performance of solar cells. In this blog, we profile the Top 10 Companies in the Wet Electronic Chemicals for Photovoltaic Cells Industry—a mix of global chemical giants and specialized suppliers shaping the future of solar manufacturing.

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

---

🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: High-purity acids, solvents, specialty cleansers, and etching solutions

BASF is a global leader in the chemical industry and a major supplier of wet chemicals for the photovoltaic sector. The company provides a comprehensive portfolio of ultra-pure chemicals essential for silicon wafer processing and thin-film solar cell manufacturing, with a strong focus on sustainability and reducing the environmental footprint of solar production.

Innovation Initiatives:

• Development of next-generation etching and texturing chemicals for higher cell efficiencies

• Investment in circular economy models for chemical recycling in PV manufacturing

• Strategic partnerships with leading solar panel manufacturers for tailored chemical solutions

---

9️⃣ 2. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: Hydrogen Peroxide, Ammonium Hydroxide, Hydrochloric Acid, and custom PV chemical blends

Mitsubishi Chemical is a dominant player in the Asian market for high-purity wet chemicals used in electronics and photovoltaics. The company’s stringent quality control and large-scale production capabilities make it a preferred supplier for major solar cell producers, particularly in China, Japan, and South Korea.

Innovation Initiatives:

• Advanced purification technologies for semiconductor-grade chemicals

• R&D focused on reducing chemical consumption per watt of solar cell output

• Expansion of production facilities to meet growing global solar demand

---

8️⃣ 3. Kanto Chemical Co., Inc.

Headquarters: Tokyo, Japan
Key Offering: Ultra-pure acids, alkalis, solvents, and photoresist-related chemicals

Kanto Chemical specializes in high-purity chemicals for the electronics industry, with a significant presence in the photovoltaic sector. The company’s products are critical for cleaning, etching, and doping processes in both monocrystalline and polycrystalline silicon solar cell production lines.

Innovation Initiatives:

• Proprietary filtration and purification systems for part-per-trillion level purity

• Development of low-waste chemical formulations for sustainable PV manufacturing

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

---

7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty chemicals, advanced materials, and purification technologies for PV manufacturing

DuPont brings extensive materials science expertise to the photovoltaic chemicals market. The company offers innovative solutions for wafer surface preparation, metallization, and passivation that enhance solar cell performance and longevity while optimizing manufacturing efficiency.

Innovation Initiatives:

• Development of advanced formulations for PERC (Passivated Emitter and Rear Contact) cell technology

• R&D in chemicals for next-generation heterojunction and tandem solar cells

---

6️⃣ 5. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-purity electronic chemicals, specialty gases, and advanced materials

Honeywell’s Electronic Materials division is a key supplier to the global solar industry, providing ultra-pure wet chemicals that meet the demanding specifications of modern PV manufacturing. The company’s global distribution network ensures reliable supply to solar cell factories worldwide.

Innovation Initiatives:

• Investment in production capacity for ultra-high-purity hydrogen peroxide and acids

• Development of integrated chemical management systems for PV fabs

---

5️⃣ 6. Avantor, Inc.

Headquarters: Radnor, Pennsylvania, USA
Key Offering: Ultra-pure chemicals, production materials, and contamination control solutions

Avantor is a leading global provider of mission-critical products and services to customers in the life sciences and advanced technology sectors, including photovoltaics. The company’s VWR brand offers a comprehensive range of high-purity wet chemicals tailored for solar cell manufacturing processes.

Innovation Initiatives:

• Expansion of ultra-purity chemical production capabilities in strategic regions

• Development of sustainable packaging and delivery systems for PV chemicals

---

4️⃣ 7. Stella Chemifa Corporation

Headquarters: Osaka, Japan
Key Offering: High-purity hydrofluoric acid, electronic grade sulfuric acid, and specialty fluorine compounds

Stella Chemifa is a specialist manufacturer of high-purity fluorine-based chemicals that are essential for etching and cleaning processes in solar cell production. The company’s expertise in fluorine chemistry makes it a critical supplier for advanced PV manufacturing technologies.

Innovation Initiatives:

• Development of low-global-warming-potential alternatives to traditional fluorinated chemicals

• Expansion of high-purity HF production capacity to support growing solar demand

---

3️⃣ 8. OCI Company Ltd.

Headquarters: Seoul, South Korea
Key Offering: High-purity chemicals, polysilicon, and advanced materials for PV manufacturing

OCI is a major global chemical company with significant operations in materials for the solar industry. While known for polysilicon production, OCI also supplies high-purity wet chemicals used in solar cell processing, leveraging its integrated chemical manufacturing capabilities.

Innovation Initiatives:

• Vertical integration from basic chemicals to high-purity PV materials

• R&D in chemical recycling and reuse systems for solar manufacturing

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

---

2️⃣ 9. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, Zhejiang, China
Key Offering: High-purity hydrofluoric acid, electronic-grade chemicals, and fluorine-based products

Zhejiang Juhua is one of China’s leading fluorochemical producers and a key supplier to the domestic and international solar industries. The company’s strategic location in China’s major solar manufacturing hub provides logistical advantages for supplying PV chemical needs.

Innovation Initiatives:

• Expansion of electronic-grade chemical production capacity

• Development of integrated supply chain solutions for Chinese PV manufacturers

---

1️⃣ 10. Do-Fluoride New Materials Co., Ltd.

Headquarters: Jiaozuo, Henan, China
Key Offering: Lithium hexafluorophosphate, high-purity hydrofluoric acid, and new energy materials

Do-Fluoride is a specialized chemical company focused on fluorine-based products for new energy applications, including photovoltaics. The company has become an important supplier of etching and cleaning chemicals to China’s massive solar manufacturing ecosystem.

Innovation Initiatives:

• R&D in fluorine chemistry applications for next-generation solar technologies

• Strategic expansion to serve both PV and battery materials markets

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

---

🌍 Outlook: The Future of Wet Electronic Chemicals for Photovoltaics Is Smarter and More Sustainable

The wet electronic chemicals market for photovoltaics is undergoing a significant transformation. As solar cell technologies advance toward higher efficiencies and lower costs, chemical suppliers are innovating to provide more effective, sustainable, and cost-efficient solutions.

📈 Key Trends Shaping the Market:

• R&D in chemicals for TOPCon, HJT, and perovskite tandem solar cell architectures

• Increasing emphasis on chemical recycling and circular economy models in PV fabs

• Development of formulations that reduce water and energy consumption in solar manufacturing

• Geographic expansion of chemical production to support regional solar manufacturing hubs

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

The companies listed above are not only supplying essential chemicals for solar manufacturing—they’re driving the technological innovations that will power the global transition to clean energy.