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Electronic Chemicals and Materials Market Analysis | 2022-2028
Electronic Chemicals and Materials Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2028
The electronic chemicals and materials market was estimated at USD 51.7 billion in 2021 and is likely to grow at a CAGR of 5.86% during 2022-2028 to reach USD 77.5 billion in 2028.
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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 semiconductors, 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.
Increasing demand from the microelectronics and semiconductor industries is one of the key factors propelling the growth of the market. Also, a rise in demand for memory chips in the semiconductor industry is likely to create a positive impact on the market during the forecast period.
|
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 the Rest of the World |
Asia-Pacific is estimated to be the fastest-growing market during the forecast period. |
“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.
“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 semiconductors 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.
“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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The following are the key players in the electronic chemicals and materials market (arranged alphabetically):
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 [email protected]
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electronic chemicals and materials market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our electronic chemicals and materials market report from the industry stakeholders, we have tried to further accentuate our research scope to the electronic chemicals and materials market to provide the most crystal-clear picture of the market. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruit available in the market, as well as to formulate the growth strategies to expedite their growth process.
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 1000 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 industry experts to obtain both qualitative and quantitative insights.
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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The electronic chemicals and materials market is segmented into the following categories:
By Type
By Application Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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 [email protected].
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.
The electronic chemicals and materials market was estimated at USD 51.7 billion in 2021.
The forecasted value of the electronic chemicals and materials market is expected to be USD 77.5 billion in 2028.
The electronic chemicals and materials market is likely to grow at a CAGR of 5.86% during 2022-2028.
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.
Asia-Pacific is expected to be the fastest-growing market during the forecast period.
The semiconductor segment is expected to remain the dominant application type in the market in the coming years.
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 market.
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