According to the report by Expert Market Research (EMR), the global electronic chemicals and materials market size reached a value of USD 63.91 billion in 2023. Aided by the global demand for electronic components in consumer electronics, automotive, aerospace, and medical devices, the market is projected to further grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of USD 107.97 billion by 2032.
Electronic chemicals and materials encompass a wide array of substances used in the fabrication of electronic components. These include semiconductors, PCBs (Printed Circuit Boards), ICs (Integrated Circuits), and LEDs (Light Emitting Diodes), among others. High-purity chemicals and advanced materials are crucial for the manufacturing processes of etching, cleaning, doping, and coating in the electronics industry.
The relentless pace of technological advancement in the electronics sector fuels the electronic chemicals and materials market demand. The push towards smaller, faster, and more energy-efficient devices necessitates continuous innovation in materials science to achieve higher performance and reliability standards.
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Furthermore, the rise of the Internet of Things (IoT), artificial intelligence (AI), and 5G telecommunications technologies has catalysed the electronics market. These technologies require sophisticated electronic components that rely on advanced materials for their manufacturing, driving the growth of the electronic chemicals and materials market.
Environmental sustainability and regulatory compliance also influence the electronic chemicals and materials market outlook. There is an increasing demand for eco-friendly electronic materials and processes that minimise waste and reduce the environmental impact of electronics manufacturing. This trend is leading to the development of green chemistry practices and materials recycling technologies within the industry.
The advent of novel electronics applications, such as wearable technology, flexible electronics, and bioelectronics, opens new avenues for the application of electronic chemicals and materials. These emerging technologies demand the development of innovative materials with unique properties, such as flexibility, biocompatibility, and enhanced conductivity.
The market exhibits a global distribution, with Asia-Pacific holding a significant portion of the electronic chemicals and materials market share due to its dominant electronics manufacturing sector, particularly in countries like China, South Korea, and Taiwan. North America and Europe also hold significant market shares, supported by advanced technological research and development capabilities and the presence of leading electronics and semiconductor companies.
Electronic Chemicals and Materials Market Segmentation
The market can be divided based on form, type, application, and region.
Market Breakup by Form
- Solid
- Liquid
- Gaseous
Market Breakup by Type
- Silicon Wafers
- PCB Laminates
- Speciality Gases
- Photoresists
- Wet Chemicals
- CMP Slurries
- Low K Dielectric
- Others
Market Breakup by Application
- Semiconductors and Integrated Circuits
- Printed Circuit Boards
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape Of Electronic Chemicals and Materials Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic chemicals and materials market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- BASF SE
- Linde Plc
- The Dow Chemical Company
- Solvay S.A.
- FUJIFILM Holdings Corporation
- Air Products and Chemicals, Inc.
- Merck KGaA
- Resonac Holdings Corporation
- Wafer World, Inc.
- Others
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