The Global Electronic Grade HFE-347 Market was valued at US$ 50.2 Million in 2025 and is projected to reach US$ 92.2 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period (2024–2034). This robust growth is being fueled by the escalating demand for high-purity cleaning agents in semiconductor fabrication, printed circuit board (PCB) assembly, and precision manufacturing processes, driven by the global expansion of the electronics industry.

As the world becomes increasingly digital and interconnected, the need for flawless electronic components is paramount. Electronic Grade HFE-347, a premier fluorinated solvent, is critical for achieving the required levels of cleanliness without leaving residues or damaging sensitive parts. In this blog, we profile the Top 10 Companies in the Electronic Grade HFE-347 Industry—specialty chemical leaders and fluorochemical innovators shaping the future of electronics manufacturing.

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🔟 1. AGC Chemicals

Headquarters: Tokyo, Japan
Key Offering: AFLUOR™ Series (Including Electronic Grade HFE-347)

AGC Chemicals is a global leader in fluorochemicals, with a strong portfolio of high-performance products for the electronics sector. Their Electronic Grade HFE-347 is renowned for its ultra-high purity, excellent solvent properties, and low global warming potential (GWP), making it a preferred choice for precision cleaning in semiconductor and display manufacturing.

Innovation and Market Focus:

• Investment in advanced fluorination technologies for superior purity grades

• Strong R&D focus on next-generation, environmentally sustainable solvents

• Strategic partnerships with major semiconductor fabricators in Asia and North America

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9️⃣ 2. Daikin Industries, Ltd.

Headquarters: Osaka, Japan
Key Offering: Daiflon™ Series, including Electronic Grade HFE solvents

Daikin Industries is a world-leading fluorochemical producer with a significant presence in the electronics market. The company’s Electronic Grade HFE-347 is engineered for critical cleaning applications where zero residue and high dielectric strength are non-negotiable, such as in the cleaning of aerospace and medical electronics.

Innovation and Market Focus:

• Pioneering the development of low-GWP alternatives to traditional solvents

• Expanding production capacity to meet growing demand from the electric vehicle (EV) battery and chip manufacturing sectors

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8️⃣ 3. Zhejiang Juhua Co., Ltd.

Headquarters: Quzhou, Zhejiang, China
Key Offering: Juhua Electronic Grade HFE-347 and related fluorinated products

Zhejiang Juhua is one of China’s largest fluorochemical enterprises, playing a crucial role in the domestic supply chain for electronic chemicals. The company provides high-purity HFE-347 that meets stringent international standards, supporting China’s rapidly growing semiconductor and display panel industries.

Innovation and Market Focus:

• Vertical integration from basic fluorine raw materials to high-value specialty chemicals

• Focus on import substitution to bolster China’s semiconductor self-sufficiency goals

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7️⃣ 4. Fujian Sannong New Materials Co., Ltd.

Headquarters: Sanming, Fujian, China
Key Offering: High-purity HFE solvents for electronics and fine chemical applications

Fujian Sannong is a specialized manufacturer of fluorine-based fine chemicals. The company has carved a niche in the market by supplying reliable Electronic Grade HFE-347 to a diverse customer base, including PCB manufacturers and electronic component suppliers across Asia.

Innovation and Market Focus:

• Continuous process optimization to enhance product yield and purity

• Expanding market reach through partnerships with international distributors

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Electronic Grade HFE-347 Market – View in Detailed Research Report

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6️⃣ 5. ZhongFu Chemical Material Technology Co., Ltd.

Headquarters: Shandong, China
Key Offering: Electronic Grade HFE-347, Fluorinated Cooling Fluids

ZhongFu Chemical is an emerging player focused on the research, development, and production of high-end fluorine-containing electronic chemicals. Their HFE-347 products are tailored for demanding applications that require exceptional stability and non-flammability.

Innovation and Market Focus:

• R&D investment in custom-formulated solvent blends for specific customer applications

• Emphasis on quality control systems certified to international standards

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5️⃣ 6. Shandong Hua Fluorochemical Co., Ltd.

Headquarters: Jinan, Shandong, China
Key Offering: HFE-347, HFE-7100, and other electronic grade fluorinated solvents

Shandong Hua Fluorochemical specializes in the production of fluorine series products, with a dedicated focus on the electronics industry. The company supplies Electronic Grade HFE-347 that is critical for flux removal, degreasing, and drying processes in electronics assembly lines.

Innovation and Market Focus:

• Development of solvent recovery and recycling solutions to enhance sustainability

• Targeting growth in the renewable energy and advanced electronics sectors

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4️⃣ 7. The Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Vertrel® Specialty Fluids, including high-purity HFE formulations

While historically known for its legacy fluoroproducts, Chemours is a significant innovator in the specialty fluids space. Their Vertrel® line includes products with performance characteristics similar to HFE-347, serving the most demanding precision cleaning markets, including aerospace and defense electronics.

Innovation and Market Focus:

• Leadership in formulating azeotropes and blends for enhanced cleaning performance

• Commitment to responsible fluorochemistry through its Sustainable Futures program

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3️⃣ 8. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Novec™ Engineered Fluids

3M is a pioneer in engineered fluorinated fluids, with its Novec™ brand being synonymous with safety and performance. Although their product range includes various HFEs, their expertise in creating sustainable, non-ozone-depleting solvents positions them as a key influencer in the high-purity cleaning market.

Innovation and Market Focus:

• Extensive application engineering support for customers integrating solvents into automated manufacturing processes

• Global supply chain and technical service network

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2️⃣ 9. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: Specialty fluorinated solutions for electronics

Solvay is a global advanced materials and chemicals company with a strong fluorochemicals division. The company offers high-performance solvents that meet the rigorous purity requirements of the microelectronics industry, supporting customers in Europe, North America, and Asia.

Innovation and Market Focus:

• Focus on developing circular economy solutions for solvent use in manufacturing

• Integration of digital tools to optimize customer solvent consumption and efficiency

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1️⃣ 10. Halopolymer, OJSC (Kirovo-Chepetsk Chemical Plant)

Headquarters: Kirov, Kirov Oblast, Russia
Key Offering: Fluorinated solvents and specialty chemicals

Halopolymer is a key fluorochemical producer in Eastern Europe, supplying a range of products to industrial sectors. The company provides materials that serve as alternatives or complements to Electronic Grade HFE-347, particularly within the CIS regional market for electronics manufacturing.

Innovation and Market Focus:

• Focus on serving the domestic and regional electronics market with tailored solutions

• Investment in modernizing production facilities to improve product quality and consistency

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🔬 Outlook: The Future of Electronic Grade HFE-347 is Precise and Sustainable

The Electronic Grade HFE-347 market is at a pivotal point. While its fundamental properties of high purity, low toxicity, and excellent drying characteristics ensure sustained demand, the industry is simultaneously navigating the dual challenges of supply chain resilience and environmental sustainability.

📈 Key Trends Shaping the Market:

• Semiconductor Industry Boom: Massive global investments in new semiconductor fabs, particularly in the US, EU, and Asia, are directly driving demand for high-purity process chemicals like HFE-347.

• Miniaturization of Electronics: The push for smaller, more powerful devices (e.g., 5G components, advanced sensors) requires even more precise cleaning solutions, amplifying the need for high-performance solvents.

• Regulatory and Environmental Shifts: Increasingly strict regulations on volatile organic compounds (VOCs) and per- and polyfluoroalkyl substances (PFAS) are prompting the industry to develop next-generation, sustainable solvent alternatives.

• Supply Chain Localization: Geopolitical tensions and pandemic-related disruptions are accelerating efforts to regionalize supply chains for critical electronic chemicals, creating opportunities for local producers.

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Electronic Grade HFE-347 Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals—they are enabling the technological advancement of the modern world, one clean component at a time.