The global electronic chemicals market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Electronic chemicals are specialty chemicals used in the manufacturing of electronic products and components such as integrated circuits, printed circuit boards, flat panel displays, and solar cells. Electronic chemicals are segmented based on their functionality. Some of the common electronic chemicals include silicon compounds, ceramics, bisphenol resins and others.
As wafer fabrication chemicals and materials they can be silicone wafers, photomasks, photoresists, wet chemicals, gases, sputter targets, CMP slurry and pads, and others. And as packaging chemicals & materials they can be lead frame packaging, organic substrates, ceramic packages, resins, bonding wires, die attach materials, and others.
As electronic chemicals are the major products used in electronics industry, demand from electronic industry is expected to increase the growth of electronic chemicals market. Demand from electronic industry is actually increasing because of growing population and extra income in developing countries.
Drivers and Restraints of Electronic Chemicals Market
Growing investments in electronic industry in regions like Asia and the Americas are likely to offer tremendous possibilities for electronic chemicals market in the future. As a result of accessibility to raw material, multinational businesses are investing in resource-rich regions to be able to limit the overall production cost.
electronic chemicals market have been exposed to the probability of volatility in supply and prices. Production of electronic chemicals is energy intensive and therefore affects cost of production. Environmental concerns on degradability of electronic chemicals are a growing trend in the market. Existing and future environmental and health regulations concerning the use of certain electronic chemicals are likely to challenge the market growth.
Electronic Chemicals Market by Region
Asia was the largest consumer of electronic chemicals and this pattern is anticipated to continue to be identical over the following few years. Consumption in the Asia is showing upward trend because of increase in economic activity. Growing demand for electronic products will drive electronic chemicals market in the Asia. With major production capacities in Asia, the region is likely to grow in terms of global supply capability. Demand from Europe was relatively stable and is likely to stay same in the next few years. Consumption of electronic chemicals in the Americas is likely to grow at a significant rate.
Top players in this market include Air Products & Chemicals Inc., Ashland Inc., Air Liquide Holdings Inc., BASF Electronic Chemicals, Honeywell International Inc., Cabot Microelectronics Corporation, Linde Group, KMG Chemicals Inc., Fujifilm Electronic Materials, Kanto Chemical Co., Inc. and Tokyo Ohka Kogyo Co., Ltd.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Potential and niche segments, regions showing promising growth