Global Electronic Materials and Chemicals Market Size to Exceed USD 132.62 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Electronic Materials and Chemicals Market Size Expected to Grow from USD 69.62 Billion in 2023 to USD 132.62 Billion by 2033, at a CAGR of 6.66% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Electronic Materials and Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product (Solid, Liquid, Gas), By Application (Silicon Wafers, PCB Laminates, Specialty Gases, Wet Chemicals, Photoresist Chemicals, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The electronic materials and chemicals market is the global industry that produces, supplies, and consumes materials and chemicals used in the manufacture of electronic components and devices. The materials include semiconductors, conductive inks, photoresists, etching and cleaning chemicals, and materials used in displays, LEDs, capacitors, and batteries. Moreover, the market for electronic materials and chemicals is driven by advanced consumer electronics such as smartphones, wearables, and smart home devices. Growth in the semiconductor industry is further being supported by the rise of AI, 5G, and IoT. Further, electric vehicles, renewable energy technologies, and smart manufacturing systems create demand for special materials like conductive inks, photoresists, and advanced semiconductors. Furthermore, the opportunities in the electronic materials and chemicals market include 5G, AI, and renewable energy technologies. Trends include the growing demand for miniaturized, energy-efficient devices and sustainable, eco-friendly materials in electronics manufacturing. However, high raw material costs, supply chain disruption, and stringent environmental regulations are the market constraints. Moreover, the complexity of producing advanced materials and reliance on specialized suppliers may limit growth and innovation.
The solid segment accounted for the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the product, the global electronic materials and chemicals market is divided into solid, liquid, and gas. Among these, the solid segment accounted for the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. In electronic devices such as mobiles, computers, and various automotive electronics, solid electronic materials which include semiconductors, capacitors, and conductors play a crucial role. Due to the high performance durability and versatility across consumer electronics, telecommunications, and renewable energy technologies, this segment has dominated the solid materials market.
The silicon wafers segment accounted for the fastest share in 2023 and is anticipated to grow at a significant CAGR during the projected period.
On the basis of the application, the global electronic materials and chemicals market is divided into silicon wafers, PCB laminates, specialty gases, wet chemicals, photoresist chemicals, and others. Among these, the silicon wafers segment accounted for the fastest share in 2023 and is anticipated to grow at a significant CAGR during the projected period. Silicon wafers are a crucial component in making semiconductors and integrated circuits used within a wide spectrum of electronic appliances, such as smartphones, computers, and even automotive systems. The increasing demand for advanced electronics and increased semiconductor manufacturing, along with the emergence of technologies like 5G and AI, are massive contributors to why silicon wafers dominate the market.
Asia Pacific is projected to hold the largest share of the global electronic materials and chemicals market over the forecast period.
Asia Pacific is projected to hold the largest share of the global electronic materials and chemicals market over the forecast period. This is because the region leads in the manufacture of electronics products, especially in China, Japan, South Korea, and Taiwan. These countries have been leaders globally in semiconductor production, consumer electronics, and telecommunications. Rising demand for cutting-edge technologies, such as 5G, AI, and electric vehicles, further consolidates the market in the region.
North America is expected to grow at the fastest CAGR growth of the global electronic materials and chemicals market during the forecast period. The demand for advanced technologies such as AI, 5G, and electric vehicles is high. Major semiconductor manufacturers and electronics companies are located in the region. Investments in research and development are also driving growth, and the rapid development of IoT and renewable energy solutions will further propel market growth at a faster rate.
Company Profiling
Major vendors in the global electronic materials and chemicals market are Air Products & Chemicals Inc., Bayer AG, Albemarle Corporation, Ashland, BASF SE, Air Liquide Electronics, Merck KGaA, Honeywell International Inc., Cabot Corporation, Linde PLC, Dow, Hitachi, Ltd., Sumitomo Chemical Co., Ltd., Monsanto Electronic Materials Co., Brewer Science, Inc., Drex-Chem Technologies, EKC Technology, FUJIFILM Holdings America Corporation., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In August 2024, JSR Corporation acquired all shares of Yamanaka Hutech Corporation, making YHC a wholly owned subsidiary. This strategic acquisition will expand JSR's product portfolio in semiconductor materials, especially in film-forming technologies. The acquisition will help JSR enhance customer value and optimize the supply chain in the rapidly evolving semiconductor industry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global electronic materials and chemicals market based on the below-mentioned segments:
Global Electronic Materials and Chemicals Market, By Product
Global Electronic Materials and Chemicals Market, By Application
- Silicon Wafers
- PCB Laminates
- Specialty Gases
- Wet Chemicals
- Photoresist Chemicals
- Others
Global Electronic Materials and Chemicals Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa