Wet Chemicals for Electronics and Semiconductor Applications Market is Estimated to Witness High Growth Owing to Increasing Miniaturization of Electronic Devices
Wet chemicals are solutions used in the electronics and semiconductor industry during various processes like cleaning, etching, and deposition of thin films. Wet chemicals play a vital role in manufacturing electronic components like integrated circuits, printed circuit boards, and solar panels. They help remove photoresist, post-etch residue, and particulates from substrates during the cleaning process. Furthermore, wet chemicals are used for uniform and selective etching of materials like silicon, copper, and aluminum during the circuit patterning process.
The Global Wet Chemicals for Electronics and Semiconductor Applications Market is estimated to be valued at US$ 2 Mn in 2024 and is expected to exhibit a CAGR of 9.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Wet Chemicals for Electronics and Semiconductor Applications Market are Novartis AG, Merck & Co. Inc., F-Hoffmann La Roche, Eli Lilly and Company, Bayer AG, AstraZeneca, Astellas Pharma Inc., Amgen Inc., OSE Immunotherapeutics SA, and Bristol- Myers Squibb Company, among others. These players are focusing on developing innovative and sustainable wet chemicals to cater to the growing demand from the electronics and semiconductor industry.
The growing miniaturization of electronic devices opens up opportunities for employing more advanced and complex manufacturing processes that utilize wet chemicals for critical applications like 3D NAND, advanced packaging, and logic nodes below 7 nm. Governments across regions are also supporting electronics manufacturing through initiatives and policies, which will boost the demand for wet chemicals.
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