The Business Research Company’s report on the Electronic Chemicals And Materials Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the electronic chemicals and materials market in recent years?
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.
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What is the projected market size of the electronic chemicals and materials industry, and how is it expected to grow?
The electronic chemicals and materials market size has grown strongly in recent years. It will grow from $74.88 billion in 2024 to $81.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. 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 $124.29 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. 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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Who are the key players driving competition in the electronic chemicals and materials market?
Major companies operating 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 key trends are expected to drive the electronic ceramics market during the forecast period?
Major companies operating in the electronic chemicals and materials market are focusing on developing innovative solutions, such as electronic-grade solvents, to meet the growing demand for advanced semiconductor manufacturing and other high-tech applications. Electronic grade solvents refer to high-purity chemical solvents specifically formulated for use in the manufacturing of electronic components, particularly semiconductors, printed circuit boards (PCBs), and other microelectronic devices. For instance, in August 2024, Eastman Chemical Company, an US-based company primarily involved in the chemical industry, launched a new electronic-grade solvent, EastaPure Isopropyl Alcohol (IPA), a high-purity solvent for semiconductor production. It works especially well for tasks like cleaning wafers and getting rid of impurities that need quick drying and dewatering. It is perfect for electronic chemical cleansers and photoresist solvents due to its short drying time and good compatibility with polar resins.
Which key geographies are driving the growth of 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 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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What are the key segments driving growth in the electronic chemicals and materials market?
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
Subsegments:
1) By Wafers: Silicon Wafers, Compound Semiconductor Wafers, Wafer Backing Materials
2) By Atmospheric and Specialty Gases: Ultra-High-Purity (UHP) Gases, Specialty Gases, Process Gases
3) By Ancillary and Photoresist Chemicals: Photoresists, Developers and Strippers, Cleaning Solutions
4) By CMP Slurries and Pads: Chemical Mechanical Planarization (CMP) Slurries, CMP Pads
5) By Other Products: Dielectric Materials, Conductive Materials, Packaging Materials, Electronic Grade Solvents
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How is the electronic chemicals and materials market defined?
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.
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