There is an imbalance between supply and demand in the wet electronic chemicals market, and companies need to increase their efforts in technology research and development.

Wet electronic chemicals, also known as process chemicals and ultra-clean high-purity reagents, refer to chemical reagents whose main component purity is greater than 99.99%, and the number of impurity ions and particles meets strict requirements. According to different uses, wet electronic chemicals can be divided into two categories: general chemicals and functional chemicals. Wet electronic chemicals are various electronic chemical materials used in microelectronics and optoelectronics wet processes. They are innovative products that combine electronic technology and chemical materials.

Wet electronic chemicals have a wide range of applications, mainly including cleaning, photolithography, development, etching, doping and other process links for micro-machining of chips, display panels, solar cells, and LED electronic components. They are important basic chemicals in the electronics industry. Materials and key supporting materials. In recent years, driven by the rapid development of downstream applications, the domestic wet electronic chemicals industry has developed rapidly, and its output has shown a steady growth trend. According to the “China Wet Electronic Chemicals Industry Market In-depth Research and Development Prospects Forecast Report 2022-2026” released by the Industrial Research Center , domestic output of wet electronic chemicals will reach 658,000 tons in 2021, a year-on-year increase of 17.9%.

Wet electronic chemicals are high-purity chemical reagents and are technology-intensive industries. There are currently a small number of domestic companies, with less than 60 in 2021. Among them, the products meet international standards, and there are only more than 30 larger companies. At present, the main domestic companies include Jianghua Micro, Jingrui Electric Materials, Shanghai Xinyang, Juhua Co., Ltd., Guanghua Technology, Xinzhoubang, Xingfa Group, Duofuoduo, Anji Technology, etc. Their products are mainly concentrated in photovoltaics and displays. In the panel field, there are few high-end products.

From the demand side, my country’s LCD display panel shipments surpassed South Korea for the first time in 2021 and became the world’s first; my country’s cumulative photovoltaic installed capacity will be in a leading position in the world in 2021. According to data from the National Energy Administration, my country’s cumulative installed photovoltaic power generation capacity is 30,656 million kilowatts, a year-on-year increase of 21%; due to technical limitations, my country’s high-end wet electronic chemicals currently mainly rely on imports. Overall, my country’s wet electronic chemicals market demand in 2021 will be 2.245 million tons, a year-on-year increase of 37.2%.

From the perspective of supply and demand structure, my country’s wet electronic chemicals market currently presents an imbalance between supply and demand. In recent years, the downstream application fields of my country’s wet electronic chemicals industry chain have continued to develop, driving its market demand to continue to increase. However, the production capacity of local companies is not enough to support the huge market demand, resulting in a situation where demand far exceeds supply and production capacity relies on imports for a long time. There is huge room for import substitution of domestic wet electronic chemicals in the future.

Industry analysts personnel said that in the future, domestic wet electronic chemical companies will need to continue to increase technology research and development, introduce advanced equipment, and promote local The level of production technology of enterprises continues to improve and their core competitiveness continues to strengthen, which in turn prompts the pace of import substitution in the domestic market to continue to accelerate and supply and demand tend to be balanced. In the future, as the semiconductor industry continues to shift to my country, downstream demand continues to grow, and policy support continues to increase, the domestic wet electronic chemicals industry has huge development potential.