Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “Electronic Wet Chemical Market - which is projected from 2020 to 2027”.
As per the report, the market about Electronic Wet Chemical Market is expected to grow at a steady pace.
Increasing consumer electronics adoption and the availability of a wide range of goods are driving demand for consumer electronics, which is likely to drive demand for semiconductors even more over the forecast period. Furthermore, according to the Semiconductor Industry Association (SIA), semiconductor sales will be over $50 billion in October 2021, a 24.6% increase over October 2020. As a result, the growing demand for semiconductors in different sectors propels the electronic wet chemicals market.
Additionally, these electronic wet chemicals are utilized to keep the surroundings clean throughout the chip fabrication process. Moreover, the usage of electronic wet chemicals in the semiconductors and electronics industries has expanded. Moreover, strategic company collaboration is a significant trend that is gaining traction in the electrical wet chemicals industry. Companies that produce electronic wet chemicals are forming alliances and collaborating to develop new technologies and products.
Due to fast growth from numerous developments such as artificial intelligence (AI), computing, and 5G networks, semiconductor manufacturing is increasing at an alarming rate, which is expected to drive the market for wet chemicals throughout the forecast period. Similarly, increased household consumption spending has a significant impact on raising demand for consumer electronics, which in turn boosts demand for wafers.
Based on type, the electronic wet chemical market is segmented into phosphoric acid hydrogen peroxide, ammonium hydroxide, sulfuric acid, and others. The sulfuric acid segment will rapidly grow in the coming years due to its high demand from electrical sectors in the market. Moreover, in combination with sulfuric acid, ultra-high purity levels of hydrogen peroxide are employed in the etching of circuit boards. Hydrogen peroxide is a critical ingredient in the manufacture of semiconductor devices.
Based on application, the electronic wet chemical market is segmented as cleaning, etching, and chemical mechanical planarization. The cleaning and etching segment is expected to hold a significant amount of share in the market during the projected period.
Based on geographical segmentation, the electronic wet chemical market is segmented nose North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific region is anticipated to rise due to the increase in the number of electric vehicles in China in addition to the increase in investments for incorporating renewable energy. For instance, China is one of the world's largest makers of Printed Circuit Boards (PCBs).
As a part of the report, the major players operating in the electronic wet chemical market, that have been covered are Solvay, BASF SE, Kanto Chemical Co., Inc., Honeywell International, Inc., Linde Plc, Fujifilm Holding Inc., Eastman Chemical Company, Technic, Inc., Mitsubishi Chemicals Holdings Corporation.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/electronic-wet-chemical-market
This analytics report segments the electronic wet chemical market on the following basis: