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Rising Demand from the End-User Industries is the Major Reason Behind the Boost in Consumption of Electronics in Developing Countries, Especially in Asia-Pacific Region
Globally, electronic chemicals and materials find their applications in semiconductors, Integrated Circuits (IC), and Printed Circuit Boards (PCB’s) industries. The end-user industries such as mobile phones, flat panel displays, and consumer electronics use electronic components in the internal circuits.
In the recent economic downturn, the end-user industries for electronic chemicals experienced a decline of around 5% to 10% of the previous year. However, as a result of improvements in the global economy since 2009, the end-users industry has witnessed a marginal growth ranging from 4% to 6% which is reflected in the electronic chemicals segments as well. For example, the electronics industry, which experienced a decline by over 20% in 2008-2009, grew by 4% in 2010 and remained the same for 2011 and 2012.
The end-user industry is always at the look-out for better innovations and technological advancements which can serve their customers better. This has generated the need for advanced electronic components with better output. Therefore, there is a growing demand from end-users industries. It is expected that most of the end-user industries will reach 2007 levels by 2016 to 2020, which is one of the main reasons behind the positive outlook on electronic chemicals in near future.
Electronic Chemicals & Materials Market by Types (Silicon Wafer, PCB Laminate, Photoresist, Specialty Gases, etc.), Application (Semiconductor & IC, PCB), Forms (Solid, Liquid, Gaseous) & Geography - Regional Trends & Forecast to 2019
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