USD 51.67 billion
Electronic Chemicals and Materials Market Size, Share, Growth Analysis, By Type (Specialty Gases, CMP Slurries), By Application (Semiconductors, Integrated Circuits), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2339 |
Region:
Global |
Published Date: November, 2024
Pages:
165
|Tables:
64
|Figures:
75
Electronic Chemicals And Materials Market Insights
Electronic Chemicals And Materials Market size was valued at USD 57.88 Billion in 2023 and is poised to grow from USD 62.07 Billion in 2024 to USD 108.64 Billion by 2032, growing at a CAGR of 7.24% during the forecast period (2025-2032).
Market expansion is anticipated to be fueled by rising product demand for the production of semiconductors, flat panel displays, and photolithographic printing. The consumer electronics sector is anticipated to be primarily driven by falling equipment costs and rising living standards around the globe, both of which are anticipated to positively affect industry growth. The need for semiconductors is predicted to increase as more mobile phones, electronic chips, and integrated circuits are produced. In the worldwide semiconductor market, the United States dominates. In 2014, domestic semiconductor companies sold more than 50% of all semiconductors sold globally. Since the bulk of semiconductors are produced in the United States, the region is anticipated to experience significant growth in electronic chemicals and materials market during the projected period.
The development of product ranges and technical advancements are projected to increase competitiveness among industry participants. We believe that the entry of new companies will be hampered by high capital expenses for new industrial setup and R&D. However, significant technological advancements aimed at enhancing the product's performance qualities are likely to give new entrants a competitive advantage. Over the projected period, rising demand for silicon from other end-user sectors, such as solar PV, is anticipated to have an impact on raw material supply. Additionally, over the anticipated time, silica prices are expected to fluctuate due to escalating trade tensions between China, the United States, and the European Union. Wet chemicals, photoresists, gases, acids, and solvents are examples of high purity chemicals that are used in electronic materials and chemicals. Other types of electronic materials and chemicals include laminates and wafers. Depending on the needs of the application, they may be solid, liquid, or gaseous. One of the main factors driving the market demand for these electronic chemicals and materials is the growing demand for sophisticated electronic devices with a variety of capabilities. These materials also have high resistance and effective heat dissipation properties.
US Electronic Chemicals And Materials Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Semiconductors
Fastest Growth
Semiconductors
Growth Rate
7.24% CAGR
Global Electronic Chemicals And Materials Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
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Electronic Chemicals And Materials Market Segmental Analysis
Global Electronic Chemicals and Materials Market is segmented by Type, Application and region. Based on Type, the market is segmented into Specialty Gases, CMP Slurries, Conductive Polymers, Photoresist Chemicals, Low K Dielectrics, Wet Chemicals, Silicon Wafers, PCB Laminates. Based on application, the market is segmented into Semiconductors (Integrated Circuits, Printed Circuit Boards), Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Electronic Chemicals And Materials Market Analysis by Product Type
The speciality gases, CMP slurries, photoresist chemicals, conductive polymers, low k dielectrics, wet chemicals, silicon wafers, and PCB laminates market segments are based on type of product.
The silicon wafers segment had the biggest Electronic Chemicals And Materials Market share in 2021, and it is anticipated that it will continue to hold this position throughout the forecast period. Integrated circuits are made using silicon wafers, which also act as a substrate for microelectronic devices. One of the most important uses for silicon wafers is in the manufacture of integrated circuits, which are the building blocks of computers, smartphones, and all other electronic devices. Solar cells and tyre pressure monitoring devices are further possibilities. The segment's growth is anticipated to be fueled by the rapidly rising demand for silicon from a variety of end-use sectors, such as solar photovoltaic.
Electronic Chemicals And Materials Market Analysis by Application
The electronic chemicals and materials market is divided into semiconductor and other categories based on the kind of application. The semiconductor industry held the largest Electronic Chemicals And Materials Market share in 2021, and it is anticipated that it will continue to hold this position throughout the forecast period. A semiconductor is a solid chemical substance or element that, depending on the dopants added during the production process, can conduct electricity under specific conditions. Printed circuit boards and integrated circuits make up the second division of the semiconductor market.
To improve operation and ensure correct maintenance, semiconductors are cleaned, etched, polished, doped, and serviced using electronic chemicals and materials. Electronics sector technological developments have an impact on the semiconductor market. For instance, the Electronic Chemicals And Materials Market for this category is projected to be driven over the forecast period by emerging technologies like artificial intelligence or AI.
Global Electronic Chemicals And Materials Market By Application , 2021(%)
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Electronic Chemicals And Materials Market Regional Insights
China, Japan, and India are the three biggest nations with the most profitable growth prospects. Asia-Pacific is predicted to be the fastest-growing Electronic Chemicals And Materials Market for electronic chemicals and materials over the projection period. The electronics sector has expanded significantly over the past 20 years on a global scale, creating a massive need for printed circuit boards. The greatest region for PCB production is Asia-Pacific. The expansion of the PCB industry, which in turn is propelling the market for electronic chemicals and materials in the region, is a result of developments in a number of industries, including telecommunications and IT, smart cards, electronic gaming, and consumer products.
A robust rise in the North American market is anticipated due to the high demand for smart devices and developments in technology. A movement in consumer choice toward fitness & wellness equipment and smartwatches has an impact on the region.
Due to the increase in applications across end use sectors like electrical and electronics and automotive, Europe is expected to have considerable growth in the market for electronic chemicals and materials.
Global Electronic Chemicals And Materials Market By Geography, 2021 - 2028
- Largest
- Fastest
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Electronic Chemicals And Materials Market Dynamics
Electronic Chemicals And Materials Market Driver
- The improved IT infrastructure, upcoming technologies like AI and IoT, the increase in PCB usage in the telecommunications sector, and the rise in demand for quick diagnostic systems due to the COVID-19 pandemic outbreak will all provide additional growth opportunities for the electronic chemicals and materials market.
- The Electronic Chemicals And Materials Market move toward MEMS & NEMS devices is a result of nanotechnology's enormous acceptance. Nano-devices have become widely accepted due to their smaller size, lighter weight, lower power consumption, and lower fabrication costs. The recent commercialization of nano-based technologies has increased demand for photoresist and related products through a number of technological developments.
Electronic Chemicals And Materials Market Restraint
- Electronic device manufacturers now have to comply with a number of rules and regulations as a result of the use of potentially harmful chemicals and materials in the manufacturing process, which could have a negative influence on their capacity to make money. The health of workers has been seriously impacted by the usage of silica in the production of semiconductors.
- The industry is governed by a wide range of rules, including those pertaining to energy efficiency, product recycling, the use of refrigerants, the use of ozone-depleting substances, and conflict minerals in products. To avoid an environmental catastrophe or a health emergency, the electronics maker must abide by these rules. The cost of operation is considerable due to the compliance with these requirements. In the supply chain, rules pile up, and the purchase of raw materials, manufacture, packaging, distribution, and final product disposal come at a high cost.
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Electronic Chemicals And Materials Market Competitive Landscape
- There are a few worldwide players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. The major players in the Electronic Chemicals And Materials Market are Linde plc (Ireland), Air Products (U.S.), Cabot Microelectronics (U.S.), BASF AG (Germany), Showa Denko Materials Co., Ltd. (Japan), Air Liquide (France), Solvay A.G. (Belgium), Shin-Etsu (Japan), Covestro (France), Songwon (South Korea), Wafer World, Inc. (U.S.), Sumco (Japan), Global Wafers (U.S.), Siltronic AG (Germany).
Electronic Chemicals And Materials Market Top Players Company Profiles
- Shin-Etsu Chemical Co., Ltd. (Japan)
- Linde Plc (England)
- Fujifilm Corporation (Japan)
- Resonac Holding Corporation (Japan)
- Air Liquide (Paris)
- Solvay (Belgium)
- BASF SE(Germany)
- Mitsui Chemicals America, Inc. (US)
- Merck KGaA (Germany)
- Covestro AG (Germany)
- SUMCO Corp. (Japan)
- Air Products & Chemicals, Inc. (US)
- Songwon (South Korea)
- Cabot Microelectronics Corporation
- Dow Chemical Company
- Honeywell International Inc.
- Huntsman Corporation
- Kanto Chemical Co., Inc.
- Momentive Performance Materials Inc.
- Samsung SDI Co., Ltd.
Electronic Chemicals And Materials Market Recent Developments
- In April 2021, To grow its electronic materials business segment, Cabot Microelectronics purchased International Test Solutions. This will enable the business to address problems that its clients in the semiconductor sector are experiencing.
- In May 2021, a second facility for producing liquid hydrogen has been announced by Air Products and Chemicals (US) for California. The company will be able to meet the demand for hydrogen fuel cell automobiles with the aid of this production facility (FCV). In China, the business has also made investments in a pipeline network and six industrial gas facilities. These facilities will deliver bulk gases such as oxygen, nitrogen, and others. The growth of China's electronics manufacturing sector will be supported by the expansion.
Electronic Chemicals And Materials Key Market Trends
- IoT (Internet of Things) and AI (Artificial Intelligence), two emerging technologies, have given rise to a brand-new product category called intelligent home appliances. The Wall Street Journal reports that IoT is anticipated to grow at an explosive rate, especially in the industrial sector, where a surge of more than 60% is anticipated.
- The introduction of high-end LED and LCD television sets, which need for the creation of high-quality electronic materials, is another move by the digital display sector toward higher standards. The players in the Electronic Chemicals And Materials Market for electronic chemicals and materials can thus investigate new revenue sources.
Electronic Chemicals And Materials Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by application, The semiconductor industry held the largest Electronic Chemicals And Materials Market share in 2021, and it is anticipated that it will continue to hold this position throughout the forecast period. Product type-wise, silicon wafers segment had the biggest Electronic Chemicals And Materials Market share in 2021. Region-wise, the Asia Pacific region accounted highest market share with more than 44% of total market revenue.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 51.67 billion |
| Market size value in 2031 | USD 101.31 billion |
| Growth Rate | 7.24% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronic Chemicals And Materials Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronic Chemicals And Materials Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronic Chemicals And Materials Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Chemicals And Materials Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Chemicals And Materials Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Chemicals And Materials Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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