Global Electronic Chemicals And Materials market segments 2024, Forecast To 2033
30 Jan, 2024
The electronic chemicals and materials market has demonstrated robust growth, progressing from $68.89 billion in 2023 to $75.37 billion in 2024, with a notable compound annual growth rate (CAGR) of 9.4%. The surge in the historic period is linked to the escalating demand for consumer electronics, the growth of the semiconductor industry, trends towards miniaturization, and increased adherence to environmental regulations. The forecast period anticipates rapid growth, reaching $110.46 billion in 2028 at a CAGR of 10.0%. The driving forces include the adoption of 5G technology, the proliferation of IoT devices and sensors, increased adoption of electric vehicles (EVs), the emergence of flexible and foldable displays, and advancements in quantum computing. Key trends encompass advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, and bio-based electronics.
Global Electronic Chemicals And Materials Market Key Driver
The electronic chemicals and materials market is experiencing growth fueled by the rising inclination for connected devices and smart technologies. The Times of India reports a significant increase in connected devices in India from 200 million in 2019 to 2,000 million in 2021. This surge, accompanied by a growing number of internet users, is driving the demand for electronic chemicals and materials.
Get A Free Sample Of The Global Electronic Chemicals And Materials Market ReportGlobal Electronic Chemicals And Materials Market Segments
The global 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
By Geography: The regions covered in the Electronic Chemicals And Materials market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the electronic chemicals and materials market in 2023. North Americais 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.
Major Electronic Chemicals And Materials Industry Players
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
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Electronic Chemicals And Materials Market Overview
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.
Electronic Chemicals And Materials Global Market Report 2023 provides data on the global electronic chemicals and materials market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electronic chemicals and materials market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.