What is the global market size of Electronic Chemicals And Materials Market?

Electronic Chemicals And Materials Market size was valued at USD 53.98 billion in 2021 and is poised to grow from USD 57.88 billion in 2022 to USD 101.31 billion by 2030, growing at a CAGR of 7.24% in the forecast period (2023-2030).

Global Electronic Chemicals And Materials Market

Electronic Chemicals and Materials Market Size, Share, Growth Analysis, By Type (Specialty Gases, CMP Slurries), By Application (Semiconductors, Integrated Circuits), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2339 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 64 | Figures: 75

Electronic Chemicals And Materials Market News

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 Market Report Snapshots

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Global Electronic Chemicals and Materials Market size was valued at USD 51.67 billion in 2022 and is poised to grow from USD 57.88 billion in 2023 to USD 101.31 billion by 2031, growing at a CAGR of 7.24% in the forecast period (2024-2031).

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. '

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.

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.

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.

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Electronic Chemicals and Materials Market Size, Share, Growth Analysis, By Type (Specialty Gases, CMP Slurries), By Application (Semiconductors, Integrated Circuits), By Region - Industry Forecast 2024-2031

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