Electronic Materials and Chemicals Market to Secure CAGR

NEWARK, Del, June 06, 2022 (GLOBE NEWSWIRE) — The electronic materials and chemicals market is expected to be worth US$121.7 billion in 2032, from US$71.6 billion in 2022, growing at a CAGR of 5.4% over the forecast period (2022-2032).

The demand for electronic materials and chemical equipment is propelling the market forward. These electronic materials and chemicals are used to improve the performance of semiconductors by etching, cleaning and maintaining them.

Additionally, technical advancements in the electronics industry are likely to boost the electronic materials and chemicals market statistics. The growing use of wireless computing devices is one of the major factors driving the market share of electronic materials and chemicals.

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Additionally, due to the increasing use of these wafers to diagnose process conditions and assess the condition of equipment used in the semiconductor manufacturing process, the use of electronic materials and chemical devices is likely to increase. ‘increase.

Compliance with these regulations resulted in a high cost of operation. Regulations are piling up in the supply chain leading to high costs for raw materials, manufacturing, packaging, distribution and final product disposal, hampering the growth of electronic materials and chemicals market .

Electronic materials and chemicals market analysis shows that major technological advances aimed at improving product performance are likely to give new entrants a competitive advantage. During the projected period, growing demand for silicon from other end-use sectors such as solar photovoltaic is expected to impact the supply of raw materials, which will drive growth in the market for electronic materials and chemical products.

Key points to remember:

● The electronic materials and chemicals market is expected to grow at a CAGR of 5.4%, with a market share of US$121.7 billion through 2032.

● In the United States, the market for electronic materials and chemicals is estimated at US$42.5 billion, growing at a CAGR of 5% through 2032.

● The electronic materials and chemicals market in China is expected to grow at a staggering CAGR of 4.6% through 2032, with an expected market share of US$8.2 billion.

● The market for electronic materials and chemicals in Japan is expected to reach US$7 billion, with a steady CAGR of 4.7% through 2032.

● The electronic materials and chemicals market in the UK is expected to have a market share of US$5.3 billion, growing at a CAGR of 4.4% through 2032.

● The strong segment of the electronic materials and chemicals market, by product category, is expected to grow at a CAGR of 5.3% through 2032.

● The silicon wafer segment of the electronic materials and chemicals market, based on application, is expected to grow at an annual rate of 5% through 2032.

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Competitive Landscape:

Air Products & Chemicals Inc., Bayer Ag, Albemarle Corporation, Ashland Global Specialty Chemicals Inc., BASF Electronic Chemicals are some of the major electronic materials and chemicals market players in the electronic materials and chemicals market.

Leading companies in the electronic materials and chemicals market growth are expected to focus on production and generate revenue to increase the electronic materials and chemicals market share.

RECENT DEVELOPMENTS:

Product launches, mergers and collaborations

● Air Products and Chemicals (United States) announced the opening of a second liquid hydrogen plant in California. This plant will help the company meet the demand for hydrogen fuel cell vehicles (FCVs). In China, the company has invested in six industrial gas facilities, as well as a network of pipelines. Nitrogen, oxygen and other bulk gases will be supplied by these plants. The expansion will help China’s booming electronics manufacturing industry.

● Cabot Microelectronics (United States) bought KMG Chemicals (United States). This acquisition will add to Cabot’s existing portfolio, expanding customer touchpoints with major semiconductor manufacturers.

Key segments

By product:

Per application:

  • Silicon wafers
  • PCB Laminates
  • Specialty gases
  • Wet chemicals and solvents
  • Photoresist
  • Others

By end uses:

  • Semiconductors and integrated circuits
  • Circuit boards

By region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Summary of statistics

1.3. Key Market Features and Attributes

1.4. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Assessment of risks and market trends

3.1. Risk assessment

3.1.1. COVID-19 crisis and impact on demand for electronic materials and chemicals

3.1.2. Comparative analysis of the impact of COVID-19 with the previous crisis

3.1.3. Impact on market value (US$ millions)

3.1.4. Assessment by key countries

3.1.5. Assessment by key market segments

3.1.6. Action points and recommendation for suppliers

3.2. Key trends impacting the market

3.3. Formulation and product development trends

4. Market context

4.1. Electronic Materials and Chemicals Market, By Key Countries

4.2. Electronic Materials and Chemicals Market Opportunity Assessment (USD Million)

4.2.1. Total market available

4.2.2. Usable addressable market

4.2.3. Usable accessible market

Table of contents with figure Click here

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