The Semiconductor chemical market size is projected to grow from USD 12.2 billion in 2023 to USD 21.9 billion by 2028, registering a CAGR of 12.3% during the forecast period. The semiconductor chemical market is experiencing robust growth due to several key factors and opportunities. Firstly, Technological developments in the semiconductor sector, rising demand for electronic devices, and rising demand for semiconductors across a broad range of businesses. The market presents a number of potential prospects, such as the creation of novel and enhanced semiconductor chemicals, the penetration of new markets, and development in the automotive and healthcare sectors.
The semiconductor chemical market is expected to continue to grow in the coming years due to the factors mentioned above. The key players in the market are focusing on developing new and innovative products to meet the growing demand. They are also expanding their geographic reach to tap into new markets.Players have adopted different strategies to strengthen their market positions and ensure long-term growth and success. These strategies enable them to efficiently meet the growing demand for types and applications by various industries. Also, companies operating in this market, such as Tokyo Ohka Kogyo Co., Ltd (Japan), JSR Corp (Japan), BASF SE (Germany), Solvay SA (Belgium), Dow, Inc (US) adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.
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Founded in 1940, Tokyo Ohka Kogyo Co., Ltd. (TOK) is a company specializing in the manufacturing and sale of chemical and manufacturing materials. TOK has established itself as an R&D-focused enterprise at the forefront of fine chemical development. Over the years, the company has expanded its expertise from high-purity chemicals to cutting-edge high-performance photoresists for photosensitive materials. The Materials segment offers an extensive array of photoresists and high-purity chemicals, essential components extensively utilized in the production of semiconductors, liquid crystal displays (LCDs), semiconductor packaging, and various electronic products. In addition, the Equipment segment encompasses a range of machinery and equipment, including photoresist coating and developing machines crucial in the manufacturing of LCD (Liquid Crystal Display) panels. This segment also encompasses a diverse selection of semiconductor manufacturing equipment designed to facilitate various stages of semiconductor production. The company possesses foundational technologies such as Microfabrication Technology and High-Purification Technology. With its headquarters based in Japan, TOK has a global presence, serving regions such as Asia, the Pacific, North America, and Europe. As of the year 2022, the company's workforce comprises 1,950 employees.
JSR Corp., headquartered in Tokyo, Japan, is a company engaged in the manufacturing and sale of synthetic rubber and fine chemical materials. The company operates through several distinct segments, each serving specific markets and industries. The four segments are Digital Solutions, Plastics, Life Sciences and Others. The Digital Solution segment is involved in the production and marketing of materials crucial to the semiconductor, display, and optical industries. In the Life Science segment, JSR handles a range of products, including diagnostics, research reagents, related materials, and provides services for bio process manufacturing and development. JSR Corp., established in 1957, has diversified its operations across these segments to serve a wide array of industries with its synthetic rubber and chemical materials, making it a significant player in the global market. JSR Corp. maintains a global presence with operations spanning across Europe, the Asia-Pacific region, as well as North and Central America. In the year 2023, the company's workforce comprises 7,994 employees. Multiple official sources in 2023 are reporting that Japan, with the support of a government-backed fund, has reached an agreement to acquire JSR Corp, for approximately $6.4 billion.
Founded in 1865, BASF SE is headquartered in Ludwigshafen am Rhein, Germany, and has established itself as a prominent player in the global chemical industry, serving various sectors with its diverse product offerings. BASF SE is a leading provider of chemical products with a diverse business portfolio. The company operates across several segments, each catering to distinct industries. These segments include Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. In the Chemicals segment, BASF supplies petrochemicals and intermediates, serving as a key player in the chemical industry. The Materials segment encompasses isocyanates, polyamides, inorganic basic products, and specialty chemicals tailored for the plastics and plastics processing sectors. The Industrial Solutions segment focuses on the development and marketing of ingredients and additives essential for industrial applications. This includes polymer dispersions, pigments, resins, electronic materials, antioxidants, and various additives. The Surface Technologies segment combines chemical solutions for surfaces with divisions dedicated to catalysts and coatings. This segment offers comprehensive solutions for surface treatment needs. Within the Nutrition and Care segment, BASF provides ingredients and solutions designed for consumer applications spanning nutrition, home products, and personal care items. Lastly, the Agricultural Solutions segment encompasses a wide range of agricultural products, including fungicides, herbicides, insecticides, biological crop protection products, as well as seeds and seed treatment products. The company has a worldwide presence in all major regions.
Solvay SA is a prominent player in the manufacturing and distribution of chemical and plastic products. Solvay SA, established by Ernest Solvay in 1863, is headquartered in Brussels, Belgium, and remains a prominent player in the chemical and plastics industry with a global reach and diversified product portfolio. The company's operations are structured into several key segments Solutions, Advanced Materials and Chemicals. The Advanced Materials segment focuses on providing advanced materials suitable for a wide range of applications, notably in the automotive, aerospace, electronics, and health sectors, catering to the evolving needs of these industries. In the Solutions segment, Solvay offers a distinct array of specialized formulations and leverages its application expertise to create customized solutions that impact surface chemistry and liquid behavior. These tailor-made formulations are designed to optimize yield and efficiency while concurrently minimizing the environmental impact. The Chemicals segment, on the other hand, operates in well-established and robust markets. Within this segment, Solvay holds strategic positions in chemical intermediates, which contribute significantly to its sustained and stable presence in the market. The company has regional presence worldwide.
Founded in 1897, Dow is headquartered in Midland, Michigan,US and continues to be a leading player in the materials science sector. Dow, Inc. is a leading materials science company specializing in the development of innovative solutions. The company operates through three key segments: Packaging and Specialty Plastics, Industrial Intermediates and Infrastructure, and Performance Materials and Coatings. The Packaging and Specialty Plastics segment encompasses hydrocarbons, energy, and packaging, along with specialty plastics. In the Industrial Intermediates and Infrastructure segment, Dow provides a range of industrial solutions, polyurethanes, and construction chemicals. Notably, this segment also includes the supply of chemicals for the electronics industry. The Performance Materials and Coatings segment focuses on coatings, performance monomers, and consumer solutions. The company is having presence in all major regions like Asia-Pacific, Europe, North America, South America and Middle East and Africa.
Semiconductor Chemical Market Type( High Performance Polymers, Acid & Base Chemicals, Adhesives, Solvents), Application(Photoresist, Etching, Deposition, Cleaning), End-Use (Integrated Circuits, Discrete Semiconductor), & Region - Global Forecast to 2028
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