What Does the Historical and Current Electronic Chemicals And Materials Market Size Trend Indicate?
The electronic chemicals and materials market has seen considerable growth due to a variety of factors.
• The market size of electronic chemicals and materials has witnessed significant escalation lately. The growth is expected to continue, moving from $74.88 billion in 2024 to $81.69 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%.
Factors contributing to this increase during the historic period include the rising demand for consumer electronics, expansion of the semiconductor industry, miniaturization, and environment-related regulations.
How Will the Electronic Chemicals And Materials Market Size Evolve over the Forecast Period?
The electronic chemicals and materials market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for electronic chemicals and materials is anticipated to experience a swift expansion in the upcoming years, with projections showing growth to $124.29 billion by 2029 at a compound annual growth rate (CAGR) of 11.1%.
The projected surge during the forecast period is linked to the adoption of 5g technology, proliferation of IoT devices and sensors, escalating acceptance of EVs, and the advent of flexible and foldable displays, as well as quantum computing. Other emerging trends in the forecast period encompass advancements in packaging solutions, the use of low-k dielectrics, nanomaterials, high-performance polymers and bio-based electronics.
What Are The Core Factors Supporting Growth In The Electronic Chemicals And Materials Market?
The burgeoning preference for interconnected gadgets and intelligent tech solutions is predicted to boost the electronic chemicals and materials market in the future. When referring to connected devices, these are essentially physical items that are linked to other devices or systems via the internet. These materials and electronic chemicals play a pivotal role in these devices and smart technologies. They are often employed as fundamental components like memories, displays, and LEDs in an array of linked devices and smart tech products, for example, mobile phones, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors. In April 2022, the Times of India, an Indian daily newspaper, reported that the count of connected devices in India had surged from 200 million in 2019 to a staggering 2,000 million in 2021. This surge is additionally influenced by the rise in internet usage within India. As a result of these factors, the growing preference for interconnected devices and intelligent tech solutions is positively impacting the electronic chemicals and materials market.
What Are The Major Segments Within The Global 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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Which Trends Are Expected To Transform The Electronic Chemicals And Materials Market?
Key players in the electronic chemicals and materials market are pivoting towards innovation, creating solutions, for instance, electronic-grade solvents, to cater to the accelerating need for advanced semiconductor production and various high-tech uses. These electronic grade solvents are high-purity chemical solvents custom-tailored specifically for electronic component manufacturing, viz. semiconductors, printed circuit boards (PCBs), and other related microelectronic devices. For example, Eastman Chemical Company, a US-based firm specializing in the chemical industry, unveiled EastaPure Isopropyl Alcohol (IPA) in August 2024. This new electronic-grade solvent, designed for semiconductor manufacture, has proven particularly effective for chores such as wafer cleaning and impurities removal that require rapid drying and dewatering. Owing to its fast drying time and high compatibility with polar resins, it's an excellent fit for electronic chemical cleaners and photoresist solvents.
Who Are the Key Players 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 Is The Most Dominant Region 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 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.
