Electronic
Materials and Chemicals Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
The global Electronic Materials and Chemicals Market size is expected to
value at USD 81.05 billion by 2024. The market is subject to witness a
substantial growth due to the growing demand from manufacturing sector for
production of semiconductors, flat panel displays, and photolithographic
printing. In addition, declining cost of electronic equipment and improved
standards of living across the globe are expected to fuel the market growth of
electronic materials and chemicals over the forecast period.
Massive demand for semiconductors materials in manufacturing of mobile
phones, electronic chips and integrated circuits is anticipated to foster
market growth in the upcoming years. Globally, the electronic materials and
chemicals industry is predicted to grow at higher CAGR in the forecast period,
providing numerous opportunities for market players to invest for research and
development in the market.
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Substantial growth in electrical & electronics sector coupled with
increase in industrial production are anticipated to fuel the growth of
electronic materials & chemicals market over the forecast period. Rapid
pace of macroeconomic cycles is a key for market expansion in the last decade.
Increasing number of small & medium-sized enterprises SMEs in developing
economies across Asia-Pacific and Latin America is playing crucial role for the
success of electronic materials and chemicals industry since last couple of
years. Recent technological advancement in the semiconductor industry is
expected to offer lucrative growth avenues for industry players, in the recent
years.
Growing manufacturing activities in the North America region is also
leading to the increasing production of electrical & electronic appliances,
thus driving market expansion in the last few years. Additionally, rising
investment by prominent market players across the globe in capacity expansion
as well as modernization of existing manufacturing facilities in order to
generate excess of revenues and gain competitive edge over other organizations,
are positively impacting market growth over the forecast period.
Some of the key raw materials that are required for production of the
electronic materials & chemicals include silicon, copper, nickel, and
specialty gasses. Semiconductor and integrated circuits is one of the largest
end-user segment in the electronic materials & chemicals industry that
holds massive market share. Printed circuit boards (PCB), which are important
components of integrated chip technology and is adopted in various consumer
electronic appliances.
The electronic materials and chemicals market is broadly categorized
into five major segments based on the application type such as silicon wafers,
PCB laminates, specialty gases, wet chemicals and solvents, and photoresists.
The PCB laminates is considered as one of the fastest growing segment in the
market of electronic materials and chemicals with substantial revenue
generation in the last few years. Growing popularity of the PCB laminates
segment is attributed to the increasing adoption for manufacturing of various
electronic products such as amplifier and LEDs. The photoresist segment has
also witnessed substantial growth owing to the growing importance towards
patterned coating.
The electronic materials and chemicals industry is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in semiconductor industry, increase in the number of
research & development activities in the region, and existence of
well-established industrial infrastructure. Asia-Pacific region is predicted to
hold major market share in the electronic materials & chemicals market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with rapid industrialization, growing
manufacturing sector, increasing disposable income, trade liberalization
policies, and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the electronic materials & chemicals industry are
Air Products & Chemicals Inc., Ashland Inc., Air Liquide Holdings, Inc.,
BASF Electronic Chemicals SE, Honeywell International, Inc., Cabot
Microelectronics Co., Linde Group Co., KMG Chemicals Inc., Fujifilm Electronic
Materials, Inc., Kanto Chemical Co., Inc. and Tokyo Ohka Kogyo Co., Ltd.
Know
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