Top Companies List of Spin on Carbon Industry

The spin-on carbon market is estimated to be valued at USD 0.22 billion in 2026 and projected to reach USD 0.81 billion by 2032, representing a compound annual growth rate (CAGR) of 24.1% during that period. Market growth is driven by advancements in semiconductor technology, where spin-on carbon (SOC) materials play a crucial role in multilayer patterning, achieving high etch selectivity, and maintaining critical dimension control in the manufacturing of advanced logic and memory devices, particularly supporting FinFET, GAA, and sub-5 nm device architectures.

The spin-on carbon market has become increasingly diverse, with participants expanding their product offerings and geographical reach through product launches and strategic expansions. Key players in the spin-on carbon market include Samsung SDI (South Korea), Shin-Etsu Chemical Co., Ltd. (Japan), DONGJIN SEMICHEM CO LTD. (South Korea), Merck KGaA (Germany), and YCCHEM Co., Ltd. (South Korea). These players have been undertaking various developments to increase their space in the market. For example, in October 2024, Merck KGaA inaugurated a new spin-on-dielectric (SOD) application center in Anseong, South Korea. This facility aims to enhance collaboration with Korean semiconductor manufacturers. It focuses on developing advanced SOD materials that are essential for next-generation DRAM, NAND flash, high-bandwidth memory for AI, and advanced logic chips. This initiative reinforced Merck KGaA's position in the semiconductor process materials sector.

Top Companies in Spin on Carbon Industry

SAMSUNG SDI

SAMSUNG SDI is a South Korean electronics company specializing in the manufacturing of batteries, electronic materials, and energy storage systems. As a subsidiary of Samsung Electronics, it is one of the largest battery manufacturers in the world. The company is involved in research and development, production, and marketing of various digital products, including small-sized lithium-ion (Li-ion) batteries, automotive batteries, semiconductors, electronic materials, energy storage systems, and organic light-emitting diodes (OLEDs). These products are widely used in telecommunications devices, power devices, and information technology (IT) equipment. SAMSUNG SDI operates under two main business divisions: Energy Solutions and Electronic Materials. Within the electronic materials division, the company offers spin-on hard masks and carbon products. SAMSUNG SDI distributes its products across various regions, including North America, Europe, and Southeast Asia. The company has production plants located in Korea, China, Hungary, Vietnam, Austria, the United States, Germany, India, Japan, and Malaysia.

Shin-Etsu Chemical Co., Ltd.

Shin-Etsu Chemical Co., Ltd. is a Japanese chemical company producing a wide range of products, including silicones, semiconductor materials, and functional materials. The company manufactures and markets organic and inorganic chemicals, as well as electronic materials. Its product portfolio features polyvinyl chloride (PVC), silicones, cellulose derivatives, semiconductor silicon, rare earth magnets, LED packaging materials, epoxy molding compounds, and synthetic quartz. Shin-Etsu Chemical operates through four major business divisions: Infrastructure Materials, Electronics Materials, Functional Materials, and Processing & Specialized Services. Within the electronics materials division, the company provides photoresists that support advanced lithography, utilizing light sources ranging from i-line and KrF to ArF and EUV.

The company offers spin-on middle and under-layer hard masks used in the nanofabrication process. As a leading supplier of semiconductor materials, Shin-Etsu Chemical specializes in photoresists and silicon wafers. The company also offers spin-on carbon products as part of its electronics materials division. Its operations span various countries, including Japan, Malaysia, Germany, Singapore, South Korea, Taiwan, the Philippines, Thailand, China, Australia, the UK, the Netherlands, and the US.

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Company Ranking

The spin-on carbon market is highly consolidated, with the top five players—Samsung SDI (South Korea), Shin-Etsu Chemical Co., Ltd. (Japan), Dongjin Semichem Co., Ltd. (South Korea), Merck KGaA (Germany), and YCCHEM Co., Ltd. (South Korea)—collectively accounting for approximately 78% to 90% of the total market share. These companies maintain their leadership through strong expertise in materials science, advanced formulations of spin-on carbon (SOC), high-purity manufacturing capabilities, and deep integration with leading foundries, integrated device manufacturers (IDMs), and outsourced semiconductor assembly and test (OSAT) providers. The company’s strategic focus on producing high-etch-resistance and thermally stable SOC materials for advanced logic, memory, and packaging applications facilitates reliable multilayer patterning, enhances yield, and supports scalable adoption across both advanced and mature semiconductor nodes.