Electronic Chemicals and Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
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Electronic Chemicals and Materials Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
The Electronic Chemicals and Materials Market is segmented by Type (Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates), by Application Type (Semiconductor, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others])
The Electronic Chemicals and Materials Market is segmented by Type (Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates), by Application Type (Semiconductor, and Others), and by&n...
“The Electronic Chemicals and Materials Market is expected to grow from USD 51.79 billion in 2021 to USD 77.5 billion by 2028 at a healthy CAGR of 5.86% during the forecast period”.
Electronic chemicals and materials are specialized substances used in the manufacture and production of electronic devices and components. These include chemicals used in the fabrication of semiconductors, such as photoresists, etchants, and doping agents, as well as materials like silicon wafers and substrates that form the basis of electronic circuits.
The electronics industry employs a broad range of highly sophisticated specialty chemicals in the production of electronic components and equipment. These chemicals are used in several processing steps in integrated circuits, silicon wafers, printed circuit boards (PCBs), and for packaging and also, in the manufacturing of optoelectronics and compound semiconductor, and others.
Electronic chemicals are available in different forms - solid, liquid, and gaseous. Silicon, fluorine, and bisphenol are some of the key raw materials used in the production of electronic chemicals.
Market Drivers
Increasing demand from the microelectronics and semiconductor industries is one of the key factors propelling the growth of the market. Also, rise in demand for memory chips in the semiconductor industry is likely to create a positive impact on the market during the forecast period
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Type-Analysis
Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates
The silicon wafers segment is projected to lead the market during the forecast period.
Application-Type Analysis
Semiconductor, and Others
The semiconductor segment is expected to remain dominant during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
Asia-Pacific is estimated to be the fastest-growing market during the forecast period.
By Type
“The silicon wafers segment captured the largest market share in 2021 and is projected to continue leading the market during the forecast period”.
The market is segmented as specialty gases, CMP slurries, photoresist chemicals, conductive polymers, low k dielectrics, wet chemicals, silicon wafers, and PCB laminates. The silicon wafers segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period.
Silicon wafers serve as a substrate for microelectronic devices and as a key component in the fabrication of integrated circuits. Integrated circuits, the constituents of computers, smartphones, and all other electronic devices are one of the most dominant application areas of silicon wafers.
Other applications are tire pressure systems and solar cells. Rapidly increasing demand for silicon from various end-use industries such as solar photovoltaic is expected to fuel the growth of the segment. Rising tension and trade disputes between China, the U.S., and the European Union are likely to result in price volatility of silica during the forecast period.
By Application Type
“The semiconductor segment held the largest market share in 2021 and is anticipated to retain its dominant position throughout the forecast period”.
The market is segmented into semiconductors and others. The semiconductor segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The semiconductor segment is further divided into integrated circuits and printed circuit boards. Electronic chemicals and materials are used for cleaning, etching, polishing, doping, and servicing of semiconductor in order to achieve better functionality along with proper maintenance.
Technological advancements in the electronics industry impact the semiconductor industry. For instance, upcoming technologies such as artificial intelligence or AI are likely to drive the segment’s market over the forecast period.
Regional Analysis
“Asia-Pacific is expected to be the fastest-growing market throughout the forecast period”.
The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for electronic chemicals and materials during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities.
Over the past two decades, the electronics industry has witnessed significant growth worldwide, thus generating a huge demand for printed circuit boards. Asia-Pacific is the largest producer of PCBs. Developments in various industries such as telecommunications and IT, smart cards, electronic gaming, and consumer goods contribute towards the growth of the PCB market, which in turn, is driving the electronic chemicals and materials market in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Key Players
The following are the key players in the Electronic Chemicals and Materials Market (arranged alphabetically)
Air Liquide S.A.
Air Products and Chemicals, Inc.
BASF SE
Cabot Microelectronics Corporation
Company, Ltd.
Covestro AG
DuPont de Nemours, Inc.
Hitachi Chemical
Linde plc
Shin-Etsu Chemical Co. Ltd.
Solvay S.A.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Electronic Chemicals and Materials Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research:
Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
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Increasing demand from the microelectronics and semiconductor industries is one of the key factors propelling the growth of the market. Also, rise in demand for memory chips in the semiconductor industry is likely to create a positive impact on the market during the forecast period.
Air Liquide S.A., Air Products and Chemicals, Inc., BASF SE, Cabot Microelectronics Corporation, Covestro AG, DuPont de Nemours, Inc., Hitachi Chemical, Company, Ltd., Linde plc, Shin-Etsu Chemical Co. Ltd., and Solvay S.A. are among the key players in the electronic chemicals and materials market.