


Market Size, Share Global Outlook and Forecast 2025-2032
Publication Date: 25 April 2025
are highly refined chemical solutions used in the manufacturing of semiconductors and electronic components. These solvents are characterized by their extremely low contamination levels, with metallic impurities often controlled at parts per billion (ppb) or even parts per trillion (ppt) levels. These solvents undergo multiple purification processes including distillation, filtration, and chemical treatment to meet the stringent purity requirements of semiconductor fabrication.
Market Value & Growth
Projections: • Market Value in 2024 : USD 2,719 million • Projected Value by 2031: USD 4,792.43 million • CAGR 6.50% (2024–2031)
Booming Semiconductor Industry
Miniaturization of Devices
The North American market is driven by strong investment in domestic chip production, particularly in the United States. Projects supported under the CHIPS and Science Act have catalyzed growth across the ecosystem. Major semiconductor fabs in Arizona, Texas, and New York are contributing to solvent demand. Additionally, companies such as Honeywell and Avantor have expanded their chemical production capabilities to meet these needs.
Europe is seeing renewed focus on semiconductor manufacturing, especially in Germany and France, as the EU seeks technological sovereignty. The European Chips Act has enabled fresh funding to establish advanced fabs, boosting solvent demand.
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