Electronic Chemicals And Materials Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Electronic chemicals and materials refer to high purity chemicals and materials that are used as the main component in a variety of electronic applications. Electronic chemicals and materials are used to deliver consistently reduced contamination levels in a range of highly pure industrial chemicals.

Sizing and Forecast
The electronic chemicals and materials market size has grown strongly in recent years. It will grow from <b>$68.89 billion in 2023 to $75.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. </b> The growth in the historic period can be attributed to consumer electronics demand, semiconductor industry growth, miniaturization, environmental regulations.

The electronic chemicals and materials market size is expected to see rapid growth in the next few years. It will grow to <b>$110.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. </b> The growth in the forecast period can be attributed to 5g technology adoption, growth of iot devices and sensors, increasing adoption of evs, flexible and foldable displays, quantum computing. Major trends in the forecast period include advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, bio-based electronics.

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Segmentation & Regional Insights
The electronic chemicals and materials market covered in this report is segmented –

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

<b>Asia-Pacific</b> was the largest region in the electronic chemicals and materials market in 2023. <b>North America</b> is expected to be the fastest-growing region in the electronic chemicals and materials market during the forecast period. The regions covered in the electronic chemicals and materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The rising inclination for connected devices and smart technologies is expected to propel the growth of the electronic chemicals and materials market going forward. Connected devices refer to any physical objects that are connected to other devices or systems with the help of the internet. Electronic chemicals and materials help connected devices and smart technologies by typically being used as core elements such as memories, displays, and LEDs in a variety of connected devices and smart technologies such as mobile phones, computers, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors. For instance, in April 2022, according to the Times of India, an Indian daily newspaper, the number of connected devices in India was 200 million in the year 2019, which grew to 2,000 million in the year 2021. This growth is further fueled by the increasing number of internet users in India. Therefore, the rising inclination for connected devices and smart technologies is driving the electronic chemicals and materials market.

Key Industry Players
Major companies operating in the electronic chemicals and materials market include <b> 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, Hitachi Chemical Co Ltd., 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, Henkel Adhesive Technologies, Atotech, Henkel Electronics, Materion Corporation, Cabot Corporation </b>

The electronic chemicals and materials market report table of contents includes:

1. Executive Summary

2. Electronic Chemicals And Materials Market Characteristics

3. Electronic Chemicals And Materials Market Trends And Strategies

4. Electronic Chemicals And Materials Market – Macro Economic Scenario

5. Global Electronic Chemicals And Materials Market Size and Growth

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31. Global Electronic Chemicals And Materials Market Competitive Benchmarking

32. Global Electronic Chemicals And Materials Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Electronic Chemicals And Materials Market

34. Electronic Chemicals And Materials Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Air Liquide

Albemarle Corporation

Ashland

Entegris Inc

Hitachi Ltd

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