According to statistics from the China Electronic Materials Industry Association, the total scale of wet electronic chemicals worldwide reached 63.91 billion yuan in 2022, a year-on-year increase of 6.65%. The proportion of wet electronic chemical markets used in integrated circuits, display panels, and solar photovoltaic cells is approximately 71:20:9. Among them, the market size of wet electronic chemicals used in the semiconductor integrated circuit field, which accounts for the largest proportion, reached 45.33 billion yuan, a year-on-year increase of 9.24%, slightly higher than the overall market size.

The main driving force behind the growth in global demand for wet electronic chemicals comes from the construction and operation of multiple wafer fabs, the improvement of the OLED industry, and the sustained growth of the photovoltaic industry. The China Electronic Materials Industry Association predicts that by 2025, the global market size of wet electronic chemicals used in integrated circuits will grow to 54.15 billion yuan, the market size of wet electronic chemicals used in display panels will grow to 16.69 billion yuan, and the market size of wet electronic chemicals used in photovoltaic solar cells will grow to 11.68 billion yuan. The total market size of wet electronic chemicals used in the three major fields will reach 82.52 billion yuan, with a compound annual growth rate of 8.89% from 2022 to 2025.

The electronic information industry is a pillar industry of the national economy. Currently, China has become the world's largest production and manufacturing base for display panels and a research and development application center. The integrated circuit industry chain is also continuously developing. It is expected that the scale of China's electronic information industry will continue to expand, and the level of industry localization will continue to improve. Wet electronic chemicals, as key basic chemical materials in the electronic information industry, have a significant impact on the development of the electronic information industry. Especially in the international environment where trade friction risks are amplified, achieving the localization of high-end wet electronic chemicals has increasingly important strategic significance. According to data from the China Electronic Materials Industry Association, the overall localization rate of wet electronic chemicals for integrated circuits in China will reach 38% in 2022, indicating significant room for improvement. With the continuous growth of downstream application industries such as integrated circuits and display panels, leading domestic wet electronic chemical enterprises with stable production capacity of high-end wet electronic chemicals will gain more market opportunities.

Diphenyl ether manufacturer