Electronic Chemicals and Materials Market Projected to Grow at a Steady Pace
Stratview Research has published a new report titled “Electronic Chemicals and Materials Market” which is segmented by Type (Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates), by Application Type (Semiconductor, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, electronic Chemicals and Materials Market is likely to witness a healthy CAGR of 7.7% during the forecast period. Increasing demand from the microelectronics and semiconductor industries is one of the key factors propelling the growth of the market. Also, rise in demand for memory chips in the semiconductor industry is likely to create a positive impact on the market during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the type, the electronic chemicals and materials market is segmented as specialty gases, CMP slurries, photoresist chemicals, conductive polymers, low k dielectrics, wet chemicals, silicon wafers, and PCB laminates. The silicon wafers segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Silicon wafers serve as a substrate for the microelectronic devices and as a key component in the fabrication of integrated circuits. Integrated circuits, the constituents of computers, smartphones, and all other electronic devices are one of the most dominant application areas of silicon wafers. Other applications are tire pressure systems and solar cells. Rapidly increasing demand for silicon from various end-use industries such as solar photovoltaic is expected to fuel the growth of the segment. Rising tension and trade disputes between China, the U.S., and the European Union are likely to result in price volatility of silica during the forecast period.
Based on the application type, the electronic chemicals and materials market is segmented as semiconductor and others. The semiconductor segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The semiconductor segment is further bifurcated into integrated circuits and printed circuit boards. Electronic chemicals and materials are used for cleaning, etching, polishing, doping, and servicing of semiconductor in order to achieve better functionality along with proper maintenance. Technological advancements in the electronics industry impact the semiconductor industry. For instance, upcoming technologies such as artificial intelligence or AI are likely to drive the segment’s market over the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for electronic chemicals and materials during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. Over the past two decades, the electronics industry has witnessed significant growth worldwide, thus generating a huge demand for printed circuit boards. Asia-Pacific is the largest producer of PCBs. Developments in various industries such as telecommunications and IT, smart cards, electronic gaming, and consumer goods contribute towards the growth of the PCB market, which in turn, is driving the electronic chemicals and materials market in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Electronic Chemicals and Materials Market:
· Air Liquide S.A.
· Air Products and Chemicals, Inc.
· BASF SE
· Cabot Microelectronics Corporation
· Covestro AG
· DuPont de Nemours, Inc.
· Hitachi Chemical
· Company, Ltd.
· Linde plc
· Shin-Etsu Chemical Co. Ltd.
· Solvay S.A.
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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