PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1730727
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1730727
The Electronic Materials and Chemicals Market size was valued at US$ 73,950.44 Million in 2024, expanding at a CAGR of 6.50% from 2025 to 2032.
Electronic Materials and Chemicals are specialised substances used in manufacturing electronic devices and components, playing a crucial role in their performance, reliability, and efficiency. These materials include conductors, insulators, semiconductors, and materials for packaging, such as silicon, gallium arsenide, copper, and polyimides. Chemicals used in the production process may include etchants, photoresists, cleaning agents, and dopants, which help shape, modify, or enhance the properties of materials at a microscopic level. They are essential for processes like photolithography, deposition, and doping in semiconductor manufacturing and in the production of displays, sensors, batteries, and circuit boards. The advancement of electronics relies heavily on developing these materials and chemicals to meet the increasing demands for smaller, faster, and more efficient devices.
Electronic Materials and Chemicals Market- Market Dynamics
Growing demand for semiconductors, flat panel displays, and photolithographic printing to propel market expansion
The growing demand for semiconductors, flat panel displays, and photolithographic printing is anticipated to significantly drive the expansion of the Electronic Materials and Chemicals market. This growth is further supported by falling equipment costs and rising living standards globally, which are boosting the consumer electronics industry. The increasing need for semiconductors to produce mobile phones, electronic chips, and integrated circuits is a key contributor to this trend. Innovations in materials and processing techniques facilitate continuous advancements in assembly technologies and the ongoing miniaturisation of electronic devices. Rising consumer demand for advanced, high-tech devices continues to spur technological progress in the electronics sector. As a technology-driven industry, Electronic Materials and Chemicals is directly shaped by introducing new product designs and specifications. These materials play a crucial role in developing and engineering electronic hardware. Moreover, the popularity of modern portable gadgets-including iPods, smartphones, laptops, and compact testing and measurement tools-has intensified the need for miniaturised components, further fueling market demand.
Electronic Materials and Chemicals Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.50% over the forecast period (2025-2032)
Based on product type segmentation, solid was predicted to show maximum market share in the year 2024
Based on application segmentation, Silicon wafers was the leading application in 2024
On the basis of region, Asia Pacific was the leading revenue generator in 2024
The Global Electronic Materials and Chemicals Market is segmented on the basis of Product Type, Application, End User, and Region.
The market is divided into three categories based on product type: Solid, Liquid and Gas. The solid segment led the global market in 2024, capturing the largest revenue share. This dominance is driven by the growing demand for electronic materials that manufacture consumer goods such as computers, laptops, and smartphones. Additionally, the expansion of renewable energy technologies, including solar panels and electric vehicles, further fuels the need for solid materials due to their essential role in advanced electronic components. As a result, manufacturers are investing significantly in research and development to create more efficient and sustainable solid materials, further contributing to market growth.
The market is divided into six categories based on application: Silicon Wafers, Specialty gases, PCB Laminates, Photoresists, Wet chemicals and solvents, and Others. Silicon wafers also held a dominant position in the Electronic Materials and Chemicals market, accounting for the largest revenue share in 2024. The demand for PCB laminates, crucial in the production of electronic products like amplifiers and LEDs, is expected to continue driving the market. The miniaturization and enhancement of electronic devices require high-quality silicon wafers, which are essential in semiconductor manufacturing, impacting various consumer electronics.
Electronic Materials and Chemicals Market- Geographical Insights
In terms of regional dominance, the Asia Pacific market led globally, accounting for 69.1% of the total revenue share in 2024. This is attributed to rapid industrialization and the concentration of major electronic device manufacturers in countries such as China, Taiwan, Japan, and South Korea. The region is projected to maintain its leadership over the forecast period, further bolstering industry growth.
Companies in the Electronic Materials and Chemicals market are increasingly adopting strategies centered around technological innovation, strategic partnerships, and vertical integration to stay competitive. Key players are investing heavily in R&D to develop advanced materials with higher purity levels, improved performance, and compatibility with next-generation semiconductor and display technologies. Collaborations with electronics manufacturers, universities, and research institutions are also on the rise, aimed at co-developing solutions for emerging applications such as AI chips, 5G devices, and flexible electronics. Furthermore, companies are expanding their global footprints and enhancing supply chain resilience through joint ventures, mergers, and acquisitions, especially in Asia Pacific, where demand is surging. These strategies not only drive innovation but also ensure long-term sustainability and compliance with evolving environmental regulations.
In August 2024, JSR Corporation acquired all shares of Yamanaka Hutech Corporation, making it a wholly owned subsidiary. This strategic acquisition is intended to broaden JSR's portfolio of semiconductor materials, with a particular focus on film-forming technologies. The move supports JSR's growth strategy by strengthening its ability to deliver enhanced value to customers and streamlining its supply chain amid the fast-paced developments in the semiconductor sector.
In August 2024, Eastman launched a new electronic-grade solvent, adding high-purity isopropyl alcohol to its robust EastaPure solvents portfolio. This new product is designed to meet the stringent purity and reliability standards required in the semiconductor industry.