Electronic Chemicals and Materials Market to Witness Robust Expansion by 2026

November 09, 2021

The Electronic Chemicals and Materials Market study by Company, Regions, Type and Application; offered by Stratview Research discusses the most up-to-date market trends as well as an industry growth estimate for the next 5 years. The report covers industry profiles of key players, including market share, regional analysis, and market division, business & development strategies, mergers & acquisitions, alliances, and key financial data, etc.

The information provided in this report is acquired from several well-grounded primary and secondary sources, such as, white papers, press releases, news, interviews with key players, revenue data sheets, etc.

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Market Insights

According to the report, the 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.

Market Segments' Analysis

Electronic Chemicals and Materials Market Share: By Type

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.

Electronic Chemicals and Materials Market Share: By Application Type

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.

Electronic Chemicals and Materials Market Share: By Region

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.

Key Players

The following are the key players 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.

 

Research Methodology

This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.

Custom Research:

Stratview research delivers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

 

Critical Questions Answered in the Report

• What are the key trends in the Electronic Chemicals and Materials Market?
• How has the market (and its various sub-segments) grown in the last five years?
• What would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the Electronic Chemicals and Materials Market?
• What is the market share of the top vendors?

 

About Us

Stratview Research is a global market research firm helping its users tract the ever-evolving market scenarios through its top-notch market reports. It offers the most granular market segmentation across all the industries. Connect with Stratview Research, for any queries at –

E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176

 

Author : Meha Prasad