Page 190 - CW E-Magazine (17-12-2024)

Special Report

Investment opportunity in ultrapure chemicals

for electronic/semiconductor industries

What are ultrapure chemicals and for 5G smartphones,
the application areas? personal computers N.S. VENKATARAMAN
lectronic product and semicon- and data centre- Nandini Consultancy Centre
ductor devices require good related equipment, as Chennai
Eproduct consistency and the well as analogue inte- Email: nandinichemical@gmail.com
highest purity. grated circuits such industry was valued at $34.3-bn and is
as signal conversion, expected to reach $100.2-bn by 2032,
Semiconductors are all about preci- automotive-specifi c analogue applica- driven by an increasing demand for
sion manufacturing, zero error and gett- tions, and power management. smartphones, wearables, automotive
ing everything down to the atomic level. parts and computers.
China is now one of the largest
In the fabrication process of elec- semiconductor markets in the world and is
Currently, India relies largely on
tronic and semiconductor devices, continuing to grow. More than $500-bn import of semiconductors, mainly from
several materials must be cleaned of investments have been announced Taiwan, China, Korea and Vietnam.
and etched. Ultrapure chemicals such for chip expansions over the next fi ve To reduce this dependence on imports,
as acids/bases, ammonium fl uoride, years around the world, of which more the Ministry of Electronics and Infor-
hydrogen peroxide and others, are used than $130-bn is planned for the US. mation Technology has launched the
as cleansers and etchants in semiconductor A strong growth cycle is expected to start ‘India Semiconductor Mission’ with a
and microprocessor manufacturing. in 2025 and into the next decade. $10-bn commitment. This includes
incentives for manufacturing and
Classifi cation of ultrapure chemicals Indian electronics/semiconductor the Design Linked Incentive (DLI)
Ultrapure chemicals, which are wet industry
electronic chemicals, can be mainly In 2023, the Indian semiconductor scheme to support semiconductor
startups.
divided into general chemicals and
functional chemicals according to their Table 1: Global market share of
uses. ultrapure chemicals & growth rate A number of chip projects have been
in demand announced in India recently. These
General chemicals Ultrapure Market Demand include projects in Assam, Gujarat (Tata
General chemicals are mainly high- chemical share CAGR Group, Kaynes, Micron), Maharashtra
purity solvents, such as hydrogen Sulphuric acid 31.24% 4.93% (Adani), and Odisha.
peroxide, hydrofl uoric acid, sulphuric
acid, phosphoric acid, hydrochloric Hydrogen 28.68% 4.5% Global ultrapure chemicals
acid, nitric acid, etc. peroxide industry
Ammonia 8.11% 5.96% The global market for ultrapure
Functional chemicals Hydrofl uoric 5.51% 11.7% chemicals is estimated at $4.2-bn
Functional chemicals achieve spe- acid (2023) and is projected to reach $8.4-bn
cial functions through compounding Nitric acid 3.90% 5.61% by 2032, with a CAGR growth of 9%
methods and meet special process Isopropyl 2.68% 3.8% for the period.
requirements in manufacturing. Func- alcohol
tional chemicals mainly include deve- Europe and Americas together
loping solution, stripping solution, Phosphoric 0.69% 5.9% account for about 35% of the market,
cleaning solution, etching solution, etc. acid followed by Japan (28%), South Korea
Hydrochloric 0.58% 6.1% (16%), Taiwan (10%), China (9%) and
Global status of electronic/semicon- acid other regions (2%).
ductor industry Others 18.61% 5%
The semiconductor device market Others includes Etching solution, Stripping solu- Global producers
continues to grow, driven by demand tion and Buffer etching solution There are around 140 producers

190 Chemical Weekly December 17, 2024

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