PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532854
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532854
Semiconductor Etching Agent Market size was valued at USD 2,351.2 Million in 2023, expanding at a CAGR of 5.50% from 2024 to 2032.
Semiconductor etchants agents are a class of technology that selectively removes related materials from a thin coating on a substrate, whether or not the substrate has had surface configurations applied previously. Additionally, doing so creates a configuration of that substance on its outside surface. Photoresist fronts on the wafer express the fine designs that appear after etching. On the other side, liquid chemicals chip away components that are not protected by this mask.
Semiconductor Etching Agent Market- Market Dynamics
Growing Demand for Internet of Things (IoT) to Propel Market Growth
The surge in popularity can be attributed to an increase in internet-friendly items. The semiconductor industry has seen a surge in the market for semiconductor etchants agents due to the growing need for intelligent products and gadgets, which has led to an increase in investment in semiconductor etch agents by the industry. Additionally, the market will be propelled by the use of more advanced sensors in digital system devices, which would necessitate the etching and semiconductor process. This will increase demand for semiconductor etchant agents and the expansion of the market.
Semiconductor Etching Agent Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.50% over the forecast period (2024-2032)
Based on type segmentation, the wet etching agent category was predicted to show maximum market share in the year 2023
Based on application segmentation, the integrated circuit category was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Semiconductor Etching Agent Market is segmented based on Type, Application, and Region.
The market is divided into two categories based on type: Wet Etching Agents and Dry Etching Agent. The wet etching agent category dominates the market driven by the need for more accurate and effective etching procedures due to the growing complexity and shrinking of semiconductor devices. Because of their exceptional accuracy and capacity to create flawless surfaces, liquid etching agents are becoming indispensable in the production of cutting-edge semiconductors. Furthermore, the need for sophisticated etching solutions is being further reinforced by the emergence of technologies like 5G, IoT, and AI, which are driving the demand for high-performance semiconductors. Continuous R&D projects are also aiding wet etching agents' market expansion meant to enhance the product's functionality and environmental impact.
The market is divided into three categories based on application: Integrated Circuit, Solar Energy, and Monitor Panel. The integrated circuit category dominates the market and is likely to maintain its dominance during the forecast period, driven by the ongoing shrinking of semiconductor devices and the growing need for sophisticated electronics. The demand for extremely accurate and effective etching agents has grown as consumer electronics, vehicle electronics, and Internet of Things devices proliferate. These devices' primary parts, integrated circuits, need complex etching techniques to accomplish the required performance gains and downsizing. Further improvements in integrated circuit technology, such as the creation of smaller and more intricate nodes, need the use of specialized etching chemicals that can produce accurate patterning and low defect rates.
Semiconductor Etching Agent Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Throughout the forecast period, North America is anticipated to hold the greatest share of the global market for semiconductor etching agents due to the significant expansion of the global semiconductor etchants agents market brought about by the rising demand for semiconductors in big data, artificial intelligence (Al), and data storage devices. In addition, the existence of important companies, the prompt adoption of novel technologies, the penetration of the market, and satisfying customer demands for increased effectiveness and outcomes increase the market's total demand for etching.
In addition, the semiconductor etching agent market is anticipated to expand at the fastest rate in the world during the projected period in Asia Pacific, which is propelled by the growing semiconductor manufacturing sector in the area. The demand for sophisticated etching agents has increased as a result of the semiconductor industry's dominance by nations like China, Taiwan, South Korea, and Japan. These agents are essential to the manufacture of semiconductors because they allow for the accurate patterning of integrated circuits. The industry is also being driven by advances in technology and the growing uptake of increasingly sophisticated semiconductor devices, like 5G chips, AI processors, and enhanced memory solutions.
The main participants in the semiconductor etching agent market such as BASF, Stella Chemifa, OCI Company Ltd, Daikin, and Hubei Xingfa Chemicals, among others, to enhance the efficiency of semiconductor etching agents and manufacturers to create goods of superior quality using wet and dry etching techniques. To be more ecologically friendly and draw in more customers, businesses are also using more solar energy panels and cells. The primary companies in the market seek to increase market awareness and promote the products' applications to boost sales and increase their overall share value as more consumers utilize the products.
GLOBAL SEMICONDUCTOR ETCHING AGENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
BASF
Stella Chemifa
OCI Company Ltd
Daikin
Hubei Xingfa Chemicals
Soulbrain
ADEKA
Solvay SA
KMG Chemicals
Avantor
Zhejiang Morita New Materials
Israel Chemicals Ltd
Do-Fluoride Chemicals Co., Ltd
Honeywell
Mitsubishi Chemical
Zhejiang Kaisn Fluorochemical
Jiangyin Runma
Jiangyin Jianghua Microelectronics Materials
Fujian Shaowu Yongfei Chemical
Nagase ChemteX Corporation
Others