WET CHEMICALS FOR ELECTRONICS AND SEMICONDUCTOR APPLICATIONS MARKET ANALYSIS
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Asia Pacific region dominates the global wet chemicals for electronics and semiconductor applications market with estimated 37.6% share in 2024. The presence of leading semiconductor manufacturers such as Samsung, SK Hynix, Taiwan Semiconductor Manufacturing Company (TSMC) and other foundries in countries like South Korea, Taiwan, China and Japan has boosted demand for wet chemicals.
South America is emerging as the fastest growing regional market. While the market size is currently small compared to Asia Pacific, South America is witnessing significant capacity additions by global foundries and semiconductor players. For example, Samsung, Intel and GLOBALFOUNDRIES are expanding manufacturing footprint in countries like Brazil, and this boosts demand for wet chemicals. South America offers attractive incentives and tax benefits to boost semiconductor manufacturing. As capacities come online in the next five years, wet chemical consumption is projected to rise rapidly to meet the needs of both existing and new fabs in South America.
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