Semiconductor Chemicals Market to Surge to $29B by 2030: Solvents & IC Demand Lead

The MarketsandMarkets report projects the global semiconductor chemicals market to nearly double in value—from ~USD 16.2 billion in 2025 to ~USD 29.25 billion by 2030—with a CAGR of ~12.6 % over 2025-30. Other forecasts, such as those from Grand View Research (~USD 28.0 billion by 2030, CAGR ~11.9 %) and Strategic Market Research (~USD 28.8 billion, CAGR ~12.5 %), are broadly consistent, suggesting consensus moderate growth. Differences in base-year definitions or inclusion of segments like optoelectronics/sensors account for small variances.

Within the market, solvents are identified as the type that leads in absolute value addition: they are used everywhere in wafer fabrication and their required purity increases as wavelength, node size, and complexity increase (FinFET, 3D NAND). ICs remain the biggest consumer of semiconductor chemicals—reflecting their ubiquity in electronics, automotive, AI, infrastructure, etc. However, some other reports credit acid & base chemicals a greater share in specific regions (e.g., U.S.) or product segments. Meanwhile, high-performance polymers are identified in several studies as among the fastest growing chemical types, especially in applications requiring advanced insulation, packaging, or specialized dielectric layers.

The regional picture shows Asia Pacific dominating—its large share is tied to established and expanding fabrication capacity in Taiwan, South Korea, China, and Japan. Policies in China and India targeting semiconductor self-sufficiency also factor in. North America is also accelerating, with U.S. market expected to double by 2030 in local reports; environmental regulation, supply chain concerns and R&D strength are shaping investment patterns. Europe remains steady, especially in high ado automotive/industrial electronics.

Strategically, the implications are significant. Chemical suppliers aiming to succeed will need: certified ultra-high-purity production; global/regional footprint to serve fabs locally; sustainability practices (green solvents, waste minimization); rapid qualification for next-gen processes (EUV lithography, advanced packaging). There is opportunity in non-Asia-Pacific markets where governments offer incentives for domestic semiconductor supply chains. But risks include regulatory tightening (e.g. chemical restrictions), rising raw material costs, and supply chain disruptions.

Open questions include: Will regional content rules under U.S., EU, or China legislation change supply chain dynamics? How fast will demand for green/sustainable chemistries rise, and will price premiums be acceptable to major fabs? Can suppliers meet growing purity and qualification standards at lower node geometries while maintaining margins? What is the projected impact of potential overcapacity in certain fabs on chemical demand?