[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.
To know about the assumptions considered for the study, Request for Free Sample Report
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.
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.
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.
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.
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
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 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.
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.
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).
Value (USD Million)
Type, Application, and Region
APAC, North America, Europe, Rest of the World (RoW)
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.
The market is further analyzed for the key countries in each of these regions.
What are electronic chemicals and materials?
These are high purity chemicals and materials that are used during manufacturing, cleaning, etching, polishing, doping, and servicing of semiconductors, integrated circuits (ICs), and printed circuit boards (PCBs).
What are the commonly used chemicals and materials in the electronics industry?
The major types of chemicals and materials used in the electronics industry are specialty gases, CMP slurries, photoresists, conductive polymers, wet chemicals, acids, gases, and solvents, and electronic materials such as wafers and laminates.
What are the major applications of electronics and chemicals?
Electronic chemicals and materials are majorly used in the semiconductor industry during the production and servicing of integrated circuits (ICs) and printed circuit boards (PCB).
What are the major drivers of the electronic chemicals and materials market?
Factors such as technological advancement in the electronics industry is increasing the consumption of electronic chemicals and materials and thus driving the market.
What are the upcoming opportunities in the electronic chemicals and materials market globally?
Trends such as increase usage of PCB in telecommunication industry and improving IT infrastructure globally are creating opportunities for the consumption of electronic chemicals & materials. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1.1 Market Scope
1.1.1 Market Definition
1.1.2 Market Covered
184.108.40.206 Electronic Chemicals & Materials Market, By Type
220.127.116.11 Electronic Chemicals & Materials, By Application
18.104.22.168 Electronic Chemicals & Materials, By Region
1.1.3 Years Considered for The Study
1.1.5 Package size
1.1.7 Stake holders
1.1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Key Data from Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Industry Insights
188.8.131.52 Key data from primary sources
184.108.40.206 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
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
5.2 Market Dynamics
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)
6.2 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)
8 Electronic Chemicals & Materials Market, By Region – Forecast till 2025 (USD Million)
8.2 North America
8.3.2 The Netherlands
8.3.6 CIS countries
8.3.7 Rest of the Europe
8.4.4 South Korea
8.4.6 Rest of APAC
8.5 Rest of World
9 Competitive Landscape
9.2 Market Structure – Industry Leaders/ Market share analysis
9.3 Company Evaluation Matrix Definition
9.3.2 Emerging Leader
9.4 Competitive Scenario
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
10.4 Cabot Microelectronics
10.6 Hitachi Chemical
10.7 Air Liquide
10.9 Shin-Etsu Chemicals
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.
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.
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
To know about the assumptions considered for the study,download the pdf brochure
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:
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.
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Benchmarking the rapid strategy shifts of the Top 100 companies in the Electronic Chemicals and Materials MarketRequest For Special Pricing