Electronic Chemicals and Materials Market

Electronic Chemicals and Materials Market by Type (specialty gas, CMP slurries, conductive polymers, photoresist, low K dielectrics, wet chemicals, silicon wafers, PCB laminates), Application (semiconductors, others) and Region - Global forecast to 2025

Report Code: CH 2300 Jan, 2021, by marketsandmarkets.com

[148 Pages Report] The electronic chemicals and materials market size is projected to grow from USD 58.8 billion in 2020 to USD 81.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.8% during the forecast period. Increasing demand from the microelectronics and chip manufacturing industries globally is expected to drive the market.

Electronic Chemicals and Materials Market

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Ecosystem Map

Electronic Chemicals and Materials Market   by Ecosystem

Electronic Chemical and Materials Market Dynamics

Driver: Technological advancements in the electronics industry

The huge acceptance of nanotechnology has contributed to the market shift toward MEMS & NEMS devices. The smaller size, lighter weight, lower power consumption, and cheaper fabrication costs associated with nano-devices have made them acceptable globally. The recent commercialization of nano-based devices has boosted the market potential for photoresist and photoresist ancillaries with various technological advancements. For instance, Intel is moving rapidly toward adopting new technology based on 20nm from 28nm, thus boosting the demand for nanomaterials and, in turn, electronic chemicals and materials in the semiconductor industry.

Restraint: Stringent health and environmental regulations regarding certain chemicals and materials

The use of hazardous chemicals and materials in the manufacturing process of electronic products has led the companies to face various regulations and mandatorily follow several laws that may directly or indirectly impact the profitability of the businesses. The use of silica in the manufacturing of semiconductors has been a significant concern for workers' health. According to the OSHA (Occupational Safety and Hazard Administration), employers must protect workers from respirable crystalline silica in the US. The silica can travel deep into the lungs and cause silicosis, and it can also cause lung cancer and various other pulmonary diseases.

There are other potential hazards, including hydrogen chloride gas, flammable gases, and various types of solvents, which are harmful to the environment and humans.

The electronics industry uses a myriad of materials and chemicals in the manufacturing process of electronics. There are almost 500 existing laws in the electronics industry in Europe alone. The laws vary from requirements relating to energy efficiency, recycling of the product, use of refrigerants in a product, use of the ozone-depleting substance, and conflict minerals in a product. The electronics manufacturer must comply with these regulations to prevent an environmental disaster or a health crisis. The compliance with these regulations has led to a high cost of operation. The regulations add up in the supply chain, and heavy expenses are incurred with raw material procurement, production, packaging, distribution, and final product disposal.

Opportunities: Improved IT infrastructure and upcoming technologies such as AI and IoT.

The advent of new technologies such as IoT (Internet of Things) and AI (Artificial Intelligence) have created a new product subcategory of intelligent home devices. According to the Wall Street Journal, IoT is expected to grow at explosive speed, especially in the industrial segment, with an expected growth of 65%. The total market would reach USD 662 billion. The use of AI-related technology has opened a myriad of opportunities for electronic materials manufacturers. The rising demand for electric vehicles has opened a new revenue application for the electronics materials market. The digital display industry is also set out for better standards by introducing high-end LED and LCD television sets, requiring high-quality electronic materials for production. Thus, new revenue streams can be explored by the players in the electronic chemicals and materials market.

Challenges: A rapid decline in the use of old technologies

Technologies such as memory chips and data centers are declining rapidly due to the introduction of cloud-based storage. The necessity to store data physically has reduced considerably, which is the cause of a decline in the production of memory chips. The manufacturers of electronic materials, especially the smaller players, are not adapting to change frequently. The adaptability to new technology may take up some time, which may eventually lead to loss of profit for the smaller players. Due to the increasing usage of mobile devices, the size of integrated chips and semiconductors is getting smaller; thus, the materials used in manufacturing semiconductors have to be precise and of high quality to produce optimal results. To introduce new products, companies have to invest in building new facilities or remodeling the setup, which will lead to high capital costs and eventually add up to the product cost

The semiconductors segment is projected to be the larger application of electronic chemicals and materials during the forecast period.

A semiconductor is a solid chemical compound or element which can conduct electricity under certain conditions depending upon the dopants added during the manufacturing process. The semiconductor industry is affected by technological advancements in the electronics industry. Apart from the growing demand for circuit boards and memory chips, upcoming technologies such as artificial intelligence (AI) are expected to drive the semiconductor industry. Semiconductor devices require proper maintenance for their functionality; hence, certain electronic chemicals and materials are used to clean, etching, polishing, doping, and servicing semiconductors.

Silicon wafers segment is the largest type of electronic chemicals and materials market.

Silicon wafers are a thin slice of semiconductor, made out of crystalline silicon and a key component in the fabrication of integrated circuits and serve as a substrate for the microelectronics devices. The primary use of silicon wafers is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones. Other uses include tire pressure systems and solar cells. The silicon wafers market is expected to grow with the integrated circuits and solar markets' growth during the forecast period.

APAC is estimated to account for the largest market share during the forecast period.

The rapid growth of the electronics industry worldwide in the past two decades has driven the demand for printed circuit boards in APAC. The printed circuit board industry's growth is related to the developments in telecommunications and IT, smart cards, electronic gaming, and consumer goods (digital cameras, mobile phones, and personal computer electronics) applications.

Key Market Players

The leading players in the electronic chemicals and materials market are Linde plc (Ireland), Air Products and Chemicals (US), DowDuPont (US), Cabot Microelectronics (US), BASF AG (Germany), Hitachi Chemical (Japan), Air Liquide (France), Solvay A.G. (Belgium), Shin-Etsu (Japan), Covestro (France), and Songwon (South Korea).

Scope of the report

Report Metric

Details

Years Considered

2018–2025

Base year

2019

Forecast period

2020–2025

Unit considered  

Value (USD Million)

Segments

Type, Application, and Region

Regions

APAC, North America, Europe, Rest of the World (RoW)

Companies

Linde plc (Ireland), Air Products (US), Cabot Microelectronics (US), BASF AG (Germany), Hitachi Chemical (Japan), Air Liquide (France), Solvay A.G. (Belgium), Shin-Etsu (Japan), Covestro (France), and Songwon (South Korea)are the  key players covered

This research report categorizes the global electronic chemicals and materials market based on type, application, and region.

Based on type:

  • Specialty Gases
  • CMP Slurries
  • Conductive Polymers
  • Photoresist Chemicals
  • Low K Dielectrics
  • Wet Chemicals
  • Silicon Wafers
  • PCB Laminates

Based on Application:

  • Semiconductors
    • Integrated Circuits
    • Printed Circuit Boards
  • Others

Based on the region:

  • APAC
  • North America
  • Europe
  • RoW

The market is further analyzed for the key countries in each of these regions.

Recent Developments

  • Linde (Ireland) sets up an air separation plant to supply 720 tons per day of high purity nitrogen to Shanghai’s Ever Display Optronics Co. Ltd (EDO). Apart from this, the company will supply oxygen, helium, argon, and hydrogen to EDO. The company will also invest USD 1.4 billion to expand its existing gasification complex at Jurong Island, integrating it with ExxonMobil's project to produce and supply additional hydrogen and synthesis gas.
  • Air Products and Chemicals (US) has announced a second liquid hydrogen production facility in California, US. This production facility will help the company meet the demand for hydrogen fuel cell vehicles (FCV). The company has also invested in six industrial gas plants and a pipeline network in China.  These plants will supply nitrogen, oxygen, and other bulk gases. The expansion will support the booming electronics manufacturing industry in China.
  • Cabot Microelectronics (US) acquired KMG Chemicals (US). The acquisition will complement the existing portfolio of Cabot and increase customer touchpoints with leading semiconductor manufacturers.
  • BASF (Germany) started a new plant for functionalizing foils in Munster. These foils are used in the protection of thin-film photovoltaics from harmful environmental stress. Other applications for foil include OLED displays and thin-film batteries.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 Introduction
    1.1 Market Scope
           1.1.1  Market Definition
           1.1.2  Market Covered
                    1.1.2.1 Electronic Chemicals & Materials Market, By Type
                    1.1.2.2 Electronic Chemicals & Materials, By Application
                    1.1.2.3 Electronic Chemicals & Materials, By Region
           1.1.3  Years Considered for The Study
           1.1.4  Currency
           1.1.5  Package size
           1.1.6  Limitations
           1.1.7 Stake holders
           1.1.8 Summary of Changes

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1  Key Data from Secondary Sources
           2.1.2  Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Key  data from primary sources
                    2.1.2.3 Breakdown of primary interviews
    2.2 Market Size Estimation
           2.2.1  Bottom Up Approach
           2.2.2 Top Down Approach
    2.3 Data Triangulation
    2.4 Assumptions 

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities in Electronic chemicals & materials Market
    4.2 Electronic Chemicals & Materials Market By Type
    4.3 Electronic Chemicals & Materials Market By Application
    4.4 Electronic Chemicals & Materials Market By Region

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Porter’s Five Forces
    5.4 Value/Supply Chain Analysis
    5.5 Average Pricing Analysis
    5.6 YC, YCC Shifts – Shifting Revenue Streams
    5.7 Impact of COVID-19 on the industry 

6 Electronic Chemicals & Materials Market, By Type – Forecast till 2025 (USD Million)
    6.1 Introduction
    6.2 Specialty Gas
    6.3 CMP Slurries
    6.4 Photoresist Chemicals
    6.5 Conductive Polymer
    6.6 Low K Dielectric
    6.7 Wet Chemical
    6.8 Silicon Wafers
    6.9 PCB Laminates

7 Electronic Chemicals & Materials Market, By Manufacturing Process – Forecast till 2025 (USD Million)
    7.1 Introduction
    7.2 Semiconductors
    7.3 Others

8 Electronic Chemicals & Materials Market, By Region – Forecast till 2025 (USD Million)
    8.1 Introduction
    8.2 North America
           8.2.1  U.S.
           8.2.2  Canada
           8.2.3  Mexico
    8.3 Europe
           8.3.1  Germany
           8.3.2  The Netherlands
           8.3.3  France
           8.3.4 UK
           8.3.5 Russia
           8.3.6 CIS countries
           8.3.7  Rest of the Europe
    8.4 Asia-Pacific
           8.4.1  China
           8.4.2  Taiwan
           8.4.3  Japan
           8.4.4  South Korea
           8.4.5  Singapore
           8.4.6  Rest of APAC
    8.5 Rest of World
           8.5.1  Brazil
           8.5.2  Israel

9 Competitive Landscape
    9.1  Introduction
    9.2  Market Structure – Industry Leaders/ Market share analysis
    9.3  Company Evaluation Matrix Definition
           9.3.1 Star
           9.3.2 Emerging Leader
           9.3.3 Pervasive
           9.3.4 Participant
    9.4  Competitive Scenario
           9.4.1 Expansions
           9.4.2 Acquisition
           9.4.3 New Product Launch
           9.4.4 Joint venture/Partnership

10 Company Profiles
(Business Overview, Financials^, COVID Impact on business segment, Products & Services, Key Strategy, and Recent Developments, MnM View) 
     10.1  Linde PLC
     10.2  Air Chemical and Product
     10.3 DuPont
     10.4  Cabot Microelectronics
     10.5  BASF
     10.6  Hitachi Chemical
     10.7  Air Liquide
     10.8  Solvay
     10.9  Shin-Etsu Chemicals
     10.10 Covestro
     10.11 Songwon
     10.12 Honshu Chemical Industry Ltd
     10.13 Mitsui Chemicals
     10.14 Siltronics AG Atlas Copco
     10.15 Lord AG
     10.16 Freiberger Compound Materials
     10.17 Okmetic OY
     10.18 Globalwafers Co. Ltd
     10.19 Sumco Corp
Note: The above list of suppliers is indicative, top 15-20 companies will be identified and profiled during study. 
^ Financials will be available for listed companies only 

The study involves four major activities in estimating the current market size for electronic chemicals and materials. Exhaustive secondary research was done to collect information related to the electronic chemicals and materials market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate segments and sub-segments' market size.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The electronic chemicals and materials market comprises several stakeholders such as raw material suppliers, technology developers, electronic chemicals and materials companies, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the microelectronics and chip industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents

Electronic Chemicals and Materials Market  Size, and Share

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global electronic chemicals and materials market and to estimate the sizes of various other dependent submarkets. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • In terms of value, the supply chain of the industry and market size were determined through primary and secondary research.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players and extensive interviews with key officials, such as directors and marketing executives.

Data Triangulation

After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and sub-segments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Besides, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, there are three sources for every data segment—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Report Objectives

  • To define, describe, and forecast the market size of electronic chemicals and materials in terms of value
  • To provide information about the major factors  (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market size based on the type
  • To analyze and forecast the market size based on application
  • To forecast the market size of different segments with respect to four regions, namely, APAC, North America, Europe, and Rest of the World (ROW)
  • To forecast the market size of different segments with respect to key countries of each region
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To analyze the competitive developments and new product developments in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:  

Regional Analysis:

  • Further breakdown of a region with respect to a particular country

Company Information:

  • Detailed analysis and profiling of additional market players (up to 10)
COVID-19

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Report Code
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Published ON
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