Electronic Chemicals And Materials Market Set to Soar Past USD 101.31 Billion by 2030
The global Electronic Chemicals And Materials market size is expected to reach USD 101.31 billion by 2030 and exhibit a CAGR of 7.24% in the forecast period (2023−2030), according to Skyquest’s latest research report. The drivers for the electronic chemicals and materials market include increasing demand for electronic devices and components, technological advancements, growing emphasis on environmental sustainability, expanding electronics manufacturing sector, increasing use of semiconductors in the automotive industry, rising demand for consumer electronics, growing investments in research and development, globalization of electronics manufacturing, is fueling the market’s growth.
Westford, USA, July 18, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Electronic Chemicals And Materials market, increasing miniaturization of electronic components, rising demand for flexible and wearable electronics, growing use of advanced packaging technologies, surging adoption of 5G technology, rising focus on printed electronics, expanding application scope in the healthcare industry, emergence of new materials and processes, shifting manufacturing landscape to Asia-Pacific region, increasing use of eco-friendly materials, and growing integration of Internet of Things (IoT) in electronic devices are the trends that aid in the market’s growth.
Browse in-depth TOC on “Electronic Chemicals And Materials Market”
- Pages – 165
- Tables – 67
- Figures – 75
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Electronic chemicals and materials are high-purity chemicals and materials used in the manufacturing, cleaning, etching, polishing, doping, and servicing of semiconductors, integrated circuits (ICs), and printed circuit boards (PCBs). They are essential for the production of electronic devices, and the market for electronic chemicals and materials is expected to grow significantly in the coming years.
Prominent Players in Electronic Chemicals And Materials Market
- Air Liquide
- Air Products and Chemicals
- BASF AG
- Cabot Microelectronics
- Covestro
- DowDuPont
- Hitachi Chemical
- Honshu Chemical Industry
- Linde plc
- Merck Group
- Mitsui Chemicals America
- Okmetic Oy
- Shin-Etsu Chemical
- Showa Denko Materials
- Siltronic AG
- Solvay A.G.
- Songwon
- Sumitomo Chemical
- Wacker Chemie
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Specialty Gases Demand to Grow Substantially in the Forecast Period
Specialty gases dominated the global online market as they are essential for various semiconductor manufacturing processes, such as deposition, etching, and annealing. With the increasing demand for advanced semiconductors and the growing semiconductor industry, the demand for specialty gases is expected to remain high.
Semiconductors is the Leading Application Segment
In terms of application, the semiconductors is the leading segment due to the increasing demand for semiconductors continues to grow with the increasing adoption of electronic devices in various sectors such as consumer electronics, automotive, healthcare, and industrial applications. As the demand for advanced semiconductors with higher performance and miniaturization increases, the sales of electronic chemicals and materials used in semiconductor fabrication processes are expected to be driven by this segment.
Asia Pacific is the leading Market Due to the Manufacturing Powerhouse
Region-wise, Asia Pacific is one of the largest growing markets as countries like China, South Korea, and Taiwan, has emerged as a manufacturing powerhouse for electronic devices and components. These countries have a strong presence in the semiconductor, PCB, and display manufacturing industries, which are major consumers of electronic chemicals and materials. The concentration of manufacturing facilities and supply chains in this region contributes to its dominance in the market.
A recent report thoroughly analyzes the major players operating within the Electronic Chemicals And Materials market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Electronic Chemicals And Materials.
Key Developments in the Electronic Chemicals And Materials Market
- In January 2023, DuPont announced that it would acquire Laird Performance Materials for $2.2 billion. Laird is a leading provider of electronic chemicals and materials for the semiconductor, display, and photovoltaic industries. This acquisition will help DuPont to expand its product portfolio and reach new customers in these growing markets.
- In March 2023, BASF announced that it would acquire Evonik’s electronic materials business for €1.6 billion. Evonik is a leading provider of electronic chemicals and materials for the semiconductor, display, and photovoltaic industries. This acquisition will help BASF to expand its product portfolio and reach new customers in these growing markets.
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Key Questions Answered in Electronic Chemicals And Materials Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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