PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649422
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649422
The global electronic wet chemical market is estimated to grow at a CAGR of 4.56% to reach a market size of US$3,839.488 million in 2030 from US$ 3,072.461 million in 2025.
Wafer cleaning is an essential process in large-scale wafer manufacturing, aimed at removing chemicals and specific impurities without damaging the wafer surface. Ensuring that the wafer surface remains unaffected during the cleaning and etching processes is crucial, as the yield of a wafer is inversely related to the defect density resulting from these processes. Additionally, global wafer production is closely tied to electronic manufacturing worldwide.The increasing adoption of consumer electronics-including smartphones, wearables, home appliances, and entertainment systems-has driven up demand for semiconductors. As these devices become more advanced and integral to daily life, the need for sophisticated semiconductor technologies that enhance functionality, efficiency, and connectivity continues to grow. Integrated circuits (ICs) and microchips are key segments propelling this demand, leading to further growth in the semiconductor market as producers strive to meet rising consumer and technology provider needs.
Geographical Outlook of the Electronic Wet Chemical Market:There is a notable trend of shifting manufacturing facilities from developed regions to the Asia Pacific, particularly in countries like India, China, Vietnam, and the Philippines. This shift is largely due to the availability of skilled labor at competitive costs and inexpensive electricity, attracting significant foreign investment. In China, the production of electric vehicles is rapidly increasing; over 3 million electric vehicles were on the road globally, with 40% located in China (source: International Energy Agency). Furthermore, investments in renewable energy equipment production are rising in the region. For example, Risen Energy has announced plans to invest $1.58 billion in expanding its solar PV cell and module production operations in China.In the semiconductor sector, major wafer suppliers are focusing on increasing the supply of 300mm wafers. The demand for silicon wafers sized between 200mm and 300mm has been growing, with a noticeable shift from 200mm to 300mm wafers observed in recent years. The number of 300mm wafer plants is expected to expand rapidly during the forecast period. According to Sumco, worldwide capacity utilization of 300mm silicon wafers was projected to be around 95% in 2019. Additionally, SK Siltron Co. Ltd. has announced plans to boost its wafer production capacity at its Gumi plant. In September 2017, GlobalFoundries launched its first RF SOI solution manufactured on 300mm wafers for its 4G LTE and 5G applications. The company reported that this technology platform generated over a billion dollars in client design win revenue since its launch, indicating strong potential for market growth in the coming years.
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