Global Electronic Chemicals and Materials Market Insights Forecasts to 2033

• The Global Electronic Chemicals and Materials Market Size was Valued at USD 71.5 Billion in 2023
• The Market Size is Growing at a CAGR of 4.90 % from 2023 to 2033
• The Worldwide Electronic Chemicals and Materials Market Size is Expected to Reach USD 115.4 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

 

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The Electronic Chemicals and Materials Market Size is Anticipated to Exceed USD 115.4 Billion by 2033, Growing at a CAGR of 4.90 % from 2023 to 2033.

 

ELECTRONIC CHEMICALS AND MATERIALS MARKET REPORT OVERVIEW

Electronic materials and chemicals are a group of essential ingredients that are widely used in the production of many kinds of electronic products. The market is growing primarily due to the widespread use of electronic chemicals and materials in the semiconductor and microelectronics sectors due to the growing demand for electronic products. Accordingly, the market is growing as a result of the growing commercialization of nano-based products and the broad use of nanotechnology to create chips, increase memory chip density, enhance device displays, and lower power consumption. A broad variety of specialty chemicals, including CMP slurries, solvents, surfactants, photoresist chemicals, wet chemicals, and acids, are used in the electronics industry to manufacture silicon wafers, printed circuit boards, and integrated circuits, among other electronic components and products. Numerous industries, including automotive, consumer electronics, telecommunication, and energy storage systems, require electronic components. Government regulations that encourage the semiconductor industry's growth and rising integrated circuit usage are propelling the global electronics sector, which in turn is propelling the market for electronic chemicals. The worldwide rapid chemical industrialization can boost market growth. For instance, Taiwan is an important hub for large enterprises involved in the complex supply chain of semiconductor production, which includes front-end and back-end activities. AGC hopes to boost its marketing efforts and offer prompt technical services in the area with the opening of the AGC Chemicals Technical Center.

 

Report Coverage

This research report categorizes the market for the global electronic chemicals and materials market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global electronic chemicals and materials market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global electronic chemicals and materials market.

 

DRIVING FACTORS:

The fast developments in electronics and technology have the potential to accelerate market expansion.

Printed circuit boards and integrated circuits are manufactured and maintained mostly by semiconductors using electronic chemicals and materials. The target market can advance due to the electronics industry, which employs a variety of materials and chemicals for tasks including cleaning, doping, polishing, etching, and maintaining semiconductors. The increasing demand for cutting-edge electronic devices and technologies like artificial intelligence (AI) and the Internet of Things (IoT) is driving the market for electronic chemicals and materials. The need for materials that offer improved sustainability, dependability, and performance.

 

RESTRAINING FACTORS

The strict laws pertaining to the environment and human health that apply to specific substances and materials could restrict industry expansion.

The use of dangerous substances and components in the manufacturing of electronic products has made businesses obligated to follow a number of rules, which has a direct effect on their bottom line. OSHA standards in the US underline the serious health dangers that workers in the semiconductor manufacturing industry face from silica. Lung cancer and silicosis are two crippling illnesses that can result from breathing in crystalline silica dust.

 

Market Segmentation

The electronic chemicals and materials market share is classified into type and application.

 

The silicon wafers segment is expected to boost the market during the forecast period.

Based on type, the electronic chemicals and materials are classified into silicon wafers, conductive polymers, and photoresist chemicals. The production of integrated circuits, the essential parts of electronic devices like computers and smartphones, depends heavily on silicon wafers, which are thin slices of semiconductor material usually made from crystalline silicon. Silicon wafers are useful in many different fields, including the production of solar cells and tire pressure monitoring systems, in addition to their primary use in integrated circuits. The market for silicon wafers is expected to rise due to anticipated expansion in the integrated circuits and solar industries. It makes it possible to fabricate high-quality integrated circuits (ICs) and other parts that power our daily devices, silicon wafer technology is essential to the semiconductor industry. Complex electronic components are constructed from silicon wafers, which are protected by IC packaging to guarantee optimal operation. Silicon wafer technology produces high-quality wafers that meet the specifications for performance, purity, and uniformity, ensuring the dependability of IC packaging.

 

The semiconductor segment has the highest share of the market over the forecast period.

Based on application, the electronic chemicals and materials are classified into semiconductors, PCB laminates, specialty gases, and photoresists. Semiconductors are solid substances or mixtures that, under certain circumstances, can conduct electricity; during the manufacturing process. Advancements in electronics technology have a substantial effect on the semiconductor business. Beyond the growing demand for memory chips and circuit boards, new technologies such as artificial intelligence (AI) have the potential to drive semiconductor demand. Vacuum tubes have been nearly entirely superseded by semiconductor devices, which carry electric currents in the solid state as opposed to free electrons across a vacuum. The diode, a typical semiconductor component, functions as a one-way valve in a circuit by allowing electricity to flow in only one direction. Conversely, conductors permit two-way current flow. Transistors are devices that offer quick switching and current amplification by using semiconductors in their manufacturing.

 

Regional Segment Analysis of the Global Electronic Chemicals and Materials Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia-Pacific will have the biggest share of the electronic chemicals and materials market throughout the forecast period.

 

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At the vanguard of the worldwide printed circuit board (PCB) market, the Asia Pacific region is expected to hold the biggest market share over the course of the projected period. The dynamic electronics industry in the region, which has grown exponentially is the foundation of this domination. The rapid growth of technology, especially in the fields of information technology and telecommunications, is one of the main forces behind this expansion. There has been an unquenchable need for sophisticated PCBs to power the infrastructure of communication networks, data centers, and smart gadgets as nations around the Asia Pacific embrace digital transformation. The industry is predicted to grow at a favorable rate due to rapid industrialization and the existence of multiple electronic device makers in Asian nations like China, Taiwan, Japan, and South Korea.

 

The Europe is fastest growing region over the projected timeframe.

Europe is anticipated to experience significant growth throughout the projection period due to an increase in application across end-use sectors, including automotive electrical, and electronics. It is expected that the increasing production of portable devices will lead to a spike in the production of electronic parts, which will drive industrial expansion. Europe's electrical and chemical materials industry is expected to reach new heights due to the steadily growing applications of these materials.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electronic chemicals and materials market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Linde Group
• Dow Chemical Company
• KMG Chemicals Inc.
• Hitachi Chemical Company
• Sumitomo Chemical
• Monsanto Electronic Materials Co.
• Brewer Science
• Drex-Chem Technologies
• EMD Performance Materials Corp.
• EKC Technology
• Fujifilm Electronic Materials
• HD Microsystems
• High Purity Products
• JSR Micro Inc.
• Others

 

Key Market Developments

• In October 2023, the electronic chemicals division of Entegris, Inc. (formerly known as CMC Materials KMG Corporation) was acquired by FUJIFILM Corporation for a price of $700 million. The company is being rebranded FUJIFILM Electronic Materials Process Chemicals as part of Fujifilm's expansion strategy, which aims to establish the company as a leader in the production of semiconductor materials.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global electronic chemicals and materials market based on the below-mentioned segments: 

 

Global Electronic Chemicals and Materials Market, By Type

• Silicon Wafers
• Conductive Polymers
• Photoresist Chemicals

 

Global Electronic Chemicals and Materials Market, By Application

• Semiconductor
• PCB Laminates
• Specialty Gases
• Photoresists

 

Global Electronic Chemicals and Materials Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• 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