企业竞争图谱：2024年湿电子化学品 头豹词条报告系列

Industry Overview - The wet electronic chemicals industry is defined as ultra-high purity reagents with a purity exceeding 99.99%, used in processes such as wet etching, cleaning, developing, and stripping in microelectronics and optoelectronics [3][4] - The industry is characterized by its focus on three major sectors: semiconductors, display panels, and photovoltaics, with global market dominance by Europe, the US, and Japan [8][9] - The market size of the wet electronic chemicals industry grew from 7.464 billion yuan in 2019 to 20.861 billion yuan in 2023, with a CAGR of 29.30% [3] Market Segmentation - Wet electronic chemicals are classified into general-purpose chemicals (88% of applications) and functional chemicals (12% of applications) [6][7] - General-purpose chemicals include acids (e.g., hydrofluoric acid, sulfuric acid), bases (e.g., ammonia, sodium hydroxide), and solvents (e.g., methanol, acetone) [7] - Functional chemicals include etching solutions, cleaning solutions, developers, and strippers, primarily used in photolithography processes [7] Industry Applications - Semiconductors account for 24.29% of applications, with the highest technical requirements and profitability [8] - Display panels account for 23.5% of applications, with significant usage in TFT-LCD and OLED manufacturing [8] - Photovoltaics account for 48.75% of applications, with lower technical requirements and profitability compared to semiconductors and display panels [8] Global Market Landscape - Europe and the US hold approximately 31% of the global market share, with companies like BASF, Merck, and DuPont leading the industry [9] - Japan holds around 28% of the market share, with companies like Kanto Chemical and Mitsubishi Chemical being key players [9] - South Korea, Taiwan, and mainland China collectively hold about 40% of the market share, with companies like Dongjin Semichem and Kanto Yakin leading in technology [9] Industry Development Stages - The industry has gone through three stages: initial development (1970-2005), mass production (2006-2009), and rapid expansion (2010-present) [11][12][13] - Domestic companies have gradually mastered G1 and G2 level production technologies, with some reaching G3 level and beyond [13][14] Industry Chain Analysis - The upstream includes basic chemical and equipment manufacturing industries, with key raw materials like hydrofluoric acid and sulfuric acid [15][16] - The midstream involves the production of general and functional wet electronic chemicals, with companies like Jianghua Microelectronics and Jingsrui Electronic Materials leading the market [17][23] - The downstream includes semiconductor manufacturing, display panels, and photovoltaic industries, with increasing demand for high-end wet electronic chemicals [18][28] Market Growth Drivers - The semiconductor industry is expected to drive demand for wet electronic chemicals, with 12-inch wafers becoming the mainstream [28] - The display panel industry, particularly OLED, is expected to grow faster than TFT-LCD, further boosting demand for wet electronic chemicals [28] - The photovoltaic industry, with its rapid growth in China, will continue to drive demand for wet electronic chemicals, especially for N-type batteries [29] Competitive Landscape - Domestic companies are gradually capturing market share from foreign competitors, with a domestic production rate of 38% in the semiconductor sector [46] - Companies are expanding their product portfolios to compete in the high-end market, with a focus on G4 and G5 level products [47] - Key domestic players include Jianghua Microelectronics, Jingsrui Electronic Materials, and Zhongju Semiconductor, which are actively expanding production capacity [23][26] Financial Performance of Key Companies - Jianghua Microelectronics reported a revenue of 1.03 billion yuan in 2023, with a gross margin of 26.06% [51] - Jingsrui Electronic Materials achieved a revenue of 3.3 billion yuan in 2023, with a gross margin of 21.39% [48] - Zhongju Semiconductor reported a revenue of 894 million yuan in 2023, with a gross margin of 19.95% [60]