Electronic Chemicals and Materials Market Analysis and Forecast by 2031

Analyst Perspective 

The global electronic chemicals and materials market is estimated to register a

CAGR of ~5%

.  The market is growing because there's a high demand for electronic materials and chemical equipment.  These materials and chemicals enhance semiconductor performance through etching and cleaning. Additionally, the advancements in electronics are expected to contribute market's growth.  The rising popularity of consumer electronics like laptops and smartphones is the demand for lithium-ion batteries, boosting the market for electronic chemicals used in manufacturing electronic chemicals, from integrated circuits and silicon wafers to flat panel displays.  The rise of technologies like 5G, the Internet of Things, artificial intelligence, and advanced robotics will require new and specialized electronic chemicals and materials, a significant opportunity for manufacturers.  High R&D investment, rapid technological advancements, and stringent regulations are challenging factors that may hamper the growth of the electronic chemicals and materials market.

Market Overview

The electronic industry relies on various specialty chemicals for making electronic components.  The growth of semiconductors is a significant driver for the electronic chemical market. The growing popularity of electric vehicles drives the demand for new types of electronic materials that can withstand the high temperatures and voltages of EV batteries.  The increasing use of renewable energy sources drives the demand for new electronic materials in solar panels and wind turbines. The electronic materials and chemicals market is rising due to the recent commercialization of nano-based products and increased demand for microelectronics.

Market Drivers   

• Increasing demand for semiconductors

Semiconductors, essential for gadgets like smartphones and IoT devices, are in high demand as electronic usage surges, which presents a promising opportunity due to the growing market for these foundational components in modern electronics.

• Technological advancements

The electronics industry is constantly evolving, and new technologies often require new types of electronic chemicals and materials.  For instance, the development of 5G technology is driving the demand for new types of printed circuit boards and electronic packaging materials.

Market Segmentation

The global electronic chemicals and materials market is segmented based on type and application.  The global market is segmented based on type into silicon wafers, photoresists, thin-film deposition materials, cleaning and surface chemicals, soldering materials, specialty gases, and others.  The market is segmented based on application into semiconductor manufacturing, printed circuit board (PCB) assembly, photovoltaics (solar cells), energy storage, and others.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, which includes qualitative and quantitative information.  It gives an overview and forecast of the global market based on several segments.  It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America.  The electronic chemicals and materials market by region is also sub-segmented by respective countries and segments.  The electronic chemicals and materials market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the electronic chemicals and materials market from both the demand and supply side.  Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends.  The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' electronic chemicals and materials market.

MARKET PLAYERS

The reports cover vital organic and inorganic growth strategy developments in the electronic chemicals and materials market.  Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others.  Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations.  These activities have paved the way for the development of the business and customer base of market players.  The electronic chemicals and materials market players are expected to have lucrative growth opportunities with the increasing demand for semiconductors in the global market.

The report includes key companies' profiles, SWOT analysis, and electronic chemicals and materials market strategies.  The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of electronic chemicals and materials market companies.

• DOW
• BASF
• DuPont
• Henkel AG and Co. KGaA
• Shin-Etsu Chemical Co. Ltd.
• Cabot Corporation
• JSR Corporation
• Wacker Chemie AG
• Sumitomo Chemical Co., Ltd.
• Heraeus Holding GmbH

Electronic Chemicals and Materials Report Scope