The electronic materials and chemicals market is anticipated to have a significant CAGR of 5.6% from 2023 to 2033. According to FMI, this market is expected to expand from US$ 74,679 million in 2023 to US$ 1,28,776.8 million in 2033. Previously, the market developed at a CAGR of 4.3% from 2018 to 2022, reaching a market size of US$ 71,600.2 million in 2022.
The electronic materials and chemicals market share is increasing due to the recent commercialization of nano-based products and increased demand for microelectronics.
Decreasing equipment prices and rising living standards in various regions of the world are predicted to be the primary drivers of the consumer electronics industry, which is expected to benefit the market. The market is predicted to develop due to the rising demand for semiconductors in the manufacture of mobile phones, electronic chips, and integrated circuits.
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 servicing them. Furthermore, technical advancements in the electronics industry are likely to boost the market statistics.
By introducing high-end LED and LCD television sets, the digital display sector is likewise aiming for higher standards, necessitating the use of high-quality electrical materials in production. As a result, existing market players might explore new revenue streams.
Electronic materials manufacturers now have a plethora of options thanks to AI-related technology. The growing demand for electric vehicles has set the electronic materials and chemicals market trends in a new cash stream. Furthermore, the construction and expansion of corporate enterprises are boosting the usage of electronic equipment that heavily rely on electronic chips and circuits, such as computers, smartphones, laptops, and air conditioners.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.6% |
| Market Size (2023) | US$ 74,679 million |
| Market Size (2033) | US$ 1,28,776.8 million |
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What Factors are Propelling the Growth of the Electronic Materials and Chemicals Market?
Various technical breakthroughs in the electronic industry significantly impact semiconductor production, which is expected to raise the adoption of electronic materials and chemical equipment throughout the forecast period. For example, future technologies, such as artificial intelligence and the Internet of Things, may increase the demand for semiconductors, chemicals, and materials.
Furthermore, Nano-devices are chosen around the world because they have outstanding properties, such as being lighter in weight, smaller in size, consuming less power, and having reduced fabrication costs. Due to the widespread use of nanotechnology, the market's future trends are changing toward NEMS and MEMS devices.
The need for semiconductors has increased as tablets, electronic appliances, computers, and cell phones has increased. As a result, increased demand from the semiconductor industry is driven by market growth.
What are the Restraining Factors in the Electronic Materials and Chemicals Market?
The use of hazardous chemicals and materials in the manufacturing of electronic items has forced firms to comply with a slew of regulations and legislation that may directly or indirectly influence their profitability. The usage of silica in semiconductor production has been a key source of worry for employees' health.
Compliance with these regulations has resulted in a high operating cost. Rules accumulate in the supply chain, resulting in high costs for raw materials, manufacture, packaging, distribution, and final product disposal, hampering the market growth.
What are the Future Trends in the Electronic Materials and Chemicals Market?
Silicon-based Nano-chips are commonly used in implantable electronics, wearable electronics, bendable displays, and other current products. Silicon wafers are high-quality materials used in the production of semiconductors, and they are necessary components for all electrical devices.
Furthermore, one of the key factors driving the market share is the increasing use of wireless computing devices. Furthermore, the adoption of electronic materials and chemical devices is expected to increase due to the rising usage of these wafers to diagnose process conditions and verify the status of equipment utilized in the semiconductor manufacturing process.
| Segment | Solid |
|---|---|
| Market Share % (2023) | 34.1% |
According to FMI's electronic materials and chemicals market report, Solid was the most popular product segment, with a CAGR of 5.3% projected. Over the projected period, rising product demand for various consumer goods, such as PCs, laptops, and smartphones, is likely to fuel demand for solid electronic materials.
Over the projected period, the market for liquid electronic chemicals and materials is expected to increase significantly. The growing demand for liquid electronic materials for cleaning and polishing the interior elements of electronic devices is predicted to be a key growth factor for the market.
In the Electronic Materials and Chemicals Industry, which Application has the most Market Share?
| Segment | Silicon Wafers |
|---|---|
| Market Share % (2023) | 48.4% |
Silicon wafer is the leading application segment for electronics and chemicals, followed by PCB laminates. Silicon wafers are expected to have a CAGR of 5.0% in the electronic materials and chemicals market.
Increasing demand for PCB laminates in the manufacturing of various electronic products, including amplifiers and LEDs, is anticipated to positively impact the industry growth over the projected period.
Principal Consultant
| Country | CAGR |
|---|---|
| The United States Market Share % (2023) | 25.2% |
| Germany Market Share % (2023) | 8.8% |
| Japan Market Share % (2023) | 3.6% |
| Australia Market Share % (2023) | 3.1% |
| China Value CAGR % (2023 to 2033) | 4.5% |
| India Value CAGR % (2023 to 2033) | 5.2% |
| The United Kingdom Value CAGR % (2023 to 2033) | 4.6% |
Due to the rapidly expanding demand for electronic devices, the market in North America is predicted to attain a value share of 25.2% over the forecast period. In the region, the use of CMP slurries, Low-K dielectrics, and photoresist chemicals for the manufacture of electronic devices has expanded. In addition, the industry is being fueled by technological improvements and semiconductor research and development.
The Asia Pacific region is expected to expand rapidly throughout the forecast period. The high demand for printed circuit boards owing to innovations in many areas, such as electronic gaming, consumer products, telecommunications, and IT, is mostly to blame for the dominance. Due to the presence of significant electronic materials and chemicals market manufacturers, China and India are the key contributors to the growth of this market in the area, with a CAGR of 4.5% and 5.2%, respectively, over the forecast period.
Presently, several market players are becoming fiercely competitive in the electronic materials and chemicals market share. Few competitors may capture the maximum portion of the said market.
Recent Developments:
Key players
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The market is expected to reach US$ 74,679 million in 2023.
The market is anticipated to expand at a CAGR of 5.6%.
Increasing breakthrough technologies like IoT and AI and surging consumption of consumer electronics are yielding market growth.
High operating costs and increasing regulations for the production of electronic items are holding back the market growth.
Air Products & Chemicals Inc., Bayer Ag, and Albemarle Corporation are the top electronic materials and chemicals firms.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Product, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033 5.3.1. Liquid 5.3.2. Gaseous 5.3.3. Solid 5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Silicon Wafers 6.3.2. PCB Laminates 6.3.3. Specialty Gases 6.3.4. Wet Chemicals and Solvents 6.3.5. Photoresist 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Uses 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By End Uses, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End Uses, 2023 to 2033 7.3.1. Semiconductors and Integrated Circuits 7.3.2. Printed Circuit Boards 7.4. Y-o-Y Growth Trend Analysis By End Uses, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End Uses, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Product 9.2.3. By Application 9.2.4. By End Uses 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product 9.3.3. By Application 9.3.4. By End Uses 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product 10.2.3. By Application 10.2.4. By End Uses 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product 10.3.3. By Application 10.3.4. By End Uses 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Product 11.2.3. By Application 11.2.4. By End Uses 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product 11.3.3. By Application 11.3.4. By End Uses 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Product 12.2.3. By Application 12.2.4. By End Uses 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product 12.3.3. By Application 12.3.4. By End Uses 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Product 13.2.3. By Application 13.2.4. By End Uses 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product 13.3.3. By Application 13.3.4. By End Uses 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Product 14.2.3. By Application 14.2.4. By End Uses 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product 14.3.3. By Application 14.3.4. By End Uses 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Product 15.2.3. By Application 15.2.4. By End Uses 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product 15.3.3. By Application 15.3.4. By End Uses 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. U.S. 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Product 16.1.2.2. By Application 16.1.2.3. By End Uses 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Product 16.2.2.2. By Application 16.2.2.3. By End Uses 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Product 16.3.2.2. By Application 16.3.2.3. By End Uses 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Product 16.4.2.2. By Application 16.4.2.3. By End Uses 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Product 16.5.2.2. By Application 16.5.2.3. By End Uses 16.6. U.K. 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Product 16.6.2.2. By Application 16.6.2.3. By End Uses 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Product 16.7.2.2. By Application 16.7.2.3. By End Uses 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Product 16.8.2.2. By Application 16.8.2.3. By End Uses 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Product 16.9.2.2. By Application 16.9.2.3. By End Uses 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Product 16.10.2.2. By Application 16.10.2.3. By End Uses 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Product 16.11.2.2. By Application 16.11.2.3. By End Uses 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Product 16.12.2.2. By Application 16.12.2.3. By End Uses 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Product 16.13.2.2. By Application 16.13.2.3. By End Uses 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Product 16.14.2.2. By Application 16.14.2.3. By End Uses 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Product 16.15.2.2. By Application 16.15.2.3. By End Uses 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Product 16.16.2.2. By Application 16.16.2.3. By End Uses 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Product 16.17.2.2. By Application 16.17.2.3. By End Uses 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Product 16.18.2.2. By Application 16.18.2.3. By End Uses 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Product 16.19.2.2. By Application 16.19.2.3. By End Uses 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Product 16.20.2.2. By Application 16.20.2.3. By End Uses 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Product 16.21.2.2. By Application 16.21.2.3. By End Uses 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Product 16.22.2.2. By Application 16.22.2.3. By End Uses 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Product 16.23.2.2. By Application 16.23.2.3. By End Uses 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Product 17.3.3. By Application 17.3.4. By End Uses 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Air Products & Chemicals Inc. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Bayer Ag 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Albemarle Corporation 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Ashland Global Specialty Chemicals Inc. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. BASF Electronic Chemicals 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Air Liquide Holding Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. The Merck Group 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Honeywell International 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Cabot Microelectronics Corporation 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Linde PLC 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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Electronic Materials and Chemicals Market
