How Has the Electronic Chemicals and Materials Market Performed Historically and What is the Forecast for the Future?
The electronic chemicals and materials market size has experienced robust growth in the recent years, expanding from $74.88 billion in 2024 to an anticipated $81.69 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic years can be ascribed to factors such as increasing demand for consumer electronics, growth of the semiconductor industry, miniaturization, and environmental regulations.
The electronic chemicals and materials market is projected to continue experiencing rapid growth in the forthcoming years, reaching $124.29 billion by 2029, with a compound annual growth rate (CAGR) of 11.1%. The growth is primarily attributed to factors including the adoption of 5G technology, the proliferation of IoT devices and sensors, rise in the adoption of electric vehicles, the emergence of flexible and foldable displays, and advancements in quantum computing. Furthermore, the adoption of advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, and bio-based electronics are expected to significantly shape the market landscape.
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What Is Driving the Growth In The Electronic Chemicals And Materials Market?
The exponential rise in the demand for connected devices and smart technologies is propelling the growth of the electronic chemicals and materials market. Electronic chemicals and materials play pivotal roles in the production of core elements such as memories, displays, and LEDs used across various connected devices and smart technologies. This includes devices such as mobile phones, computers, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors.
Which Are The Major Segments In The Electronic Chemicals And Materials Market?
The major segments covered in this report include:
1) By Product: Wafers, Atmospheric And Specialty Gases, Ancillary And Photoresist Chemicals, CMP Slurries And Pads, Other Products
2) By Application: Wafer Fabrication, Packaging
3) By End Users: Semiconductors, Others End Users
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What Key Players Are Operating In The Electronic Chemicals And Materials Market?
Prominent players in the electronic chemicals and materials market include Air Liquide, Albemarle Corporation, Ashland, Entegris Inc., Hitachi Ltd., Tokyo Ohka Kogyo Co. Ltd., Air Products and Chemicals Inc., Henkel AG & Co. KGaA, Merck Group, Fujifilm Electronic Materials, LG Chem, Sumitomo Chemical Co Ltd., Cabot Microelectronics Corporation, Sumitomo Bakelite Co Ltd., BASF SE, Wacker Chemie AG, Huntsman Corporation, Kyocera Chemical Corporation, UBE Industries Ltd., Nitto Denko Corporation, Showa Denko K.K., Techspray a division of ITW, Indium Corporation, Atotech, Materion Corporation, Cabot Corporation.
What Are The Emerging Trends In The Electronic Chemicals And Materials Market?
Companies in the electronic chemicals and materials market are capitalizing on the development of innovative solutions, such as electronic-grade solvents, to cater to the growing demand for advanced semiconductor manufacturing and other high-tech applications.
Which Regions Are Growing Fastest In The Electronic Chemicals And Materials Market?
Asia-Pacific was the largest region in the electronic chemicals and materials market in 2024. North America is expected to be the fastest-growing region in this market in the forthcoming years. The report covers various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Electronic Chemicals And Materials Market Report 2025 Offer?
Electronic chemicals and materials are high purity substances, used predominantly as major components in multiple electronic applications. These materials ensure consistently low contamination levels in a plethora of high purity industrial chemicals. The Electronic Chemicals And Materials Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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