Electronic Chemicals & Materials Market - Forecast (2022 - 2027)

IndustryARC’s recently published report highlights that the global semiconductors market was valued $430 billion in 2018. Rising electronics demand across the globe and development of the global IT industry will mark as significant driving factors in growth of the global electronic chemicals and materials market. The estimated revenue of the global electronic chemicals and materials market was $52.25 billion in 2018, large market size shows the huge demand of specialty chemicals and materials during manufacturing procedure of semiconductors. Furthermore, Asian electronics market is witnessing a growth, owing to rise in consumer technology consumption rate and emerging application of electronic equipment. Moreover, APAC holds a strong base of electronic manufacturing companies such as Lenovo, Samsung, Toshiba, OnePlus, Videocon, and several others, owing to which APAC held a huge regional share of 62% in 2018, and contributed largely to the global electronic chemicals and materials market growth.

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The analyst reports, “Growing inclination towards Internet of Things (IoT) driven devices is observed as a major benefactor of increasing demand for integrated circuits (IC), printed circuit boards (PCBs), and other specialty chemicals and materials.” Additionally, rising demand for electronic gadgets, TVs, notebooks, computers, lighting systems, and others also contribute largely to the global electronic chemicals and materials market growth, which will grow at 6.12% during the forecast period 2019-2025. Expanding electrical and electronic industry subsequently boost the semiconductor and IC demand. Also, semiconductors and IC manufacturing include various metal wires, silicon substrates, and many other electronic materials on a large scale, thereby influencing the global electronic chemicals and materials market growth, which will boost at a CAGR of 6.28% through to 2025.

Electronic Chemicals and Materials Market Growth Drivers:

Establishment and development of corporate companies will exert huge demand pull on electronic devices such as computers, smartphones which relies heavily on electronic chips and circuits. Furthermore, the growth of IT hardware sector also implicates the rise in demand for electronic materials and chemicals.

Rising preference for connected devices and smart technologies will depend on IoT driven devices for secured and better functionality, which will significantly boost the global electronic chemical and material market growth in the forthcoming years.

Cryosurgery and cryotherapy experiencing extensive growth which necessitates cryogenic chemicals and electronic cryopobes for various treatment procedures. Also warehouse departments and air conditioning electronics also depend on industrial chemicals, consequently driving the demand for electronic chemicals.

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Electronic Chemicals and Materials Market Key Players:

The global electronic chemical and material market is pioneered by several companies such as JSM Corporation, BASF SE, DowDuPont, Air Products & Chemicals Inc., Cabot Microelectronics Corporation, Honeywell International Inc., KMG Chemicals, Ashland Inc., Linde Group, Fujifilm, and Albemarle Corporation.

Air Products & Chemicals Inc. is an U.S.-based industrial chemical and gas manufacturing company. It provide various industrial gases for cryogenic purposes and turbo machinery functioning to medical industry, automotive industries, and others.

Electronic Chemicals and Materials Market Trends:

Flexible electronics are gaining demand in the market, solely relying on bendable property of different materials. New researches on silicon based nano-chips confirms that it can be used in various electronics such as wearable, implantable electronics, and bendable displays, showing high compatibility with modern-day high computing technologies.

Recent researches specifies that graphene can be used in electronics, which can transform new-age nanolithography to tailor energy efficient electronics.

Electronic Chemicals and Materials Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Electronic Chemicals and Materials market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Electronic Chemicals and Materials in Electronic Chemicals and Materials market, and their specific applications in different areas.

Electronic Chemicals and Materials Market: Industry Coverage

Global electronic chemicals and materials market can be divided into type and application. Type segment of the market include Silicon Wafers, PCB Laminates, Specialty Gases, Wet Chemicals, CMP Slurries, Dopants, Auxiliary Materials, and Others. Application categorization include Semiconductor & IC, PCB, and Others.

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