Electronic Chemicals & Materials Market by Type, Device Type, Application

Description

List of Tables

[192 Pages Report] The Electronic Chemicals & Materials Market size was estimated at USD 62.92 billion in 2023 and expected to reach USD 66.50 billion in 2024, at a CAGR 5.86% to reach USD 93.75 billion by 2030.

Electronic chemicals and materials are specialized substances used in the fabrication and packaging of electronic devices, including semiconductors, integrated circuits, and printed circuit boards. These materials are essential for various stages of electronic device manufacturing, including cleaning, etching, doping, deposition, and photolithography processes. These chemicals and materials have a crucial role in defining the performance, durability, and reliability of electronic products. The accelerating demand for electronic devices such as smartphones, tablets, and wearables is a primary driver for the electronic chemicals and materials market, as these products require advanced materials for manufacturing. Additionally, the automotive industry's shift towards electric vehicles is escalating the need for battery chemicals and materials, which include several electronic chemicals and materials. Despite the robust drivers, the high cost of raw materials and the need for substantial investments in R&D for developing new and advanced materials are significant hurdles which can impede market growth. However, the growing emphasis on reducing environmental impact offers opportunities for companies to invest in green chemistry and recycling technologies. The ongoing digital transformation across various industries, including healthcare, automotive, and consumer electronics, opens new avenues for electronic chemical and material applications.

KEY MARKET STATISTICS
Base Year [2023]	USD 62.92 billion
Estimated Year [2024]	USD 66.50 billion
Forecast Year [2030]	USD 93.75 billion
CAGR (%)	5.86%

Type: Rising demand for silicon wafers owing to their indispensability in semiconductor device fabrication

CMP (Chemical Mechanical Planarization) slurries are specialized fluids used in the semiconductor manufacturing process to smooth surfaces at the microscopic level. They consist of abrasive particles suspended in a chemically reactive solution. Conductive polymers are a class of polymers which conduct electricity, offering a unique combination of conductivity and the versatile processing properties of plastics. They are utilized in various applications, including antistatic coatings and flexible electronics. Low K dielectrics are materials with a low dielectric constant, used in semiconductor devices to reduce capacitive delay, improving performance. They are crucial for enhancing the speed and reducing the power consumption of integrated circuits. PCB laminates are the foundational material for printed circuit boards (PCBs), providing the physical structure and the electrical connections between components. They are composed of fiberglass and epoxy resin layers, with copper foil on one or both sides. Photoresist chemicals are light-sensitive materials used in photolithography and photoengraving processes to form patterns on semiconductor substrates. They play a vital role in the fabrication of microelectronics and nanoelectronics. Silicon wafers are thin slices of silicon crystals that serve as semiconductor manufacturing substrates. They are the starting point for most semiconductor devices and are critical for the fabrication of integrated circuits. Wet chemicals are used in various cleaning and etching processes in semiconductor manufacturing. They involve using chemical solutions to prepare and modify surfaces, essential for ensuring the purity and proper functionality of semiconductor devices.

Application: Growing need for electronic chemicals & materials in the production of miniature semiconductor devices

Advanced packaging refers to the methodologies and processes used to encapsulate semiconductor chips. This process is vital for ensuring the performance, reliability, and miniaturization of electronic devices. As devices become more compact and powerful, advanced packaging technologies have evolved to address challenges such as heat dissipation, electrical performance, and integration of diverse components. Key materials used in advanced packaging include high-purity adhesives, encapsulants, and conductive films, all designed to enhance the functionality and longevity of electronic devices. Printed circuit boards (PCBs) are foundational components that support and connect electronic components using conductive tracks, pathways, or signal traces etched from copper sheets laminated onto a non-conductive substrate. PCB production is a complex process that involves multiple steps, including the application of photoresist materials, etching, and electroplating. The choice of materials, including the substrate and conductive traces, has a critical role in the performance and durability of the PCB. Semiconductor fabrication is the process of creating the integrated circuits (ICs) that are the basis of all electronic devices. This intricate process involves the deposition of various materials onto silicon wafers, patterning intricate circuits through photolithography, and doping silicon with atoms that change its electrical properties. Semiconductor fabrication requires an extensive array of highly specialized chemicals and materials, including silicon wafers, photoresists, dopants, and etchants.

Regional Insights

In the Americas, the market for electronic chemicals and materials is experiencing steady growth, primarily fueled by the technological advancements in the semiconductor industry and the increasing demand for consumer electronics. The presence of a robust electronics manufacturing base and significant investments in R&D further propel the demand for electronic chemicals and materials in the region. Europe, with its strong industrial and electronics manufacturing sectors, showcases rapid growth in the electronic chemicals and materials market. Investments in advanced electronics technologies and the automotive industry's demand for electronics are another growth drivers for the regional market. The Middle East and Africa, with investments in electronics manufacturing facilities and the development of technology parks aimed at diversifying economies beyond oil, showcase growth potential. Asia-Pacific represents the fastest-growing market for electronic chemicals and materials globally, attributed to the high concentration of electronics manufacturing hubs in China, South Korea, Taiwan, and Japan. Rapid industrialization, increasing population, and the rising middle-class consumer base have propelled the demand for consumer electronics, thereby driving the need for electronic chemicals and materials. Additionally, government incentives and investments in technology parks and semiconductor plants have further bolstered the market in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electronic Chemicals & Materials Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electronic Chemicals & Materials Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electronic Chemicals & Materials Market, highlighting leading vendors and their innovative profiles. These include Albemarle Corporation, BASF SE, CMC Materials Corporation, FUJIFILM Holdings Corporation, Hitachi, Ltd., Honeywell International, Inc., Huntsman Corporation, JSR Corporation, L'AIR LIQUIDE S.A., Merck KGaA, S&P Global Inc., Shin-Etsu Chemical Co., Ltd., Solvay S.A., SONGWON, and The Dow Chemical Company.

Market Segmentation & Coverage

This research report categorizes the Electronic Chemicals & Materials Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- CMP Slurries
- Conductive Polymers
- Low K Dielectrics
- PCB Laminates
- Photoresist Chemicals
- Silicon Wafers
- Wet Chemicals

Device Type
- Air Conditioners
- Computers
- Electronic Chips & Circuits
- Laptops
- Smartphones

Application
- Advanced Packaging
- Printed Circuit Board Production
- Semiconductor Fabrication

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electronic Chemicals & Materials Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electronic Chemicals & Materials Market?

3. What are the technology trends and regulatory frameworks in the Electronic Chemicals & Materials Market?

4. What is the market share of the leading vendors in the Electronic Chemicals & Materials Market?

5. Which modes and strategic moves are suitable for entering the Electronic Chemicals & Materials Market?

Product Code: MRR-43798151BB6E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Robust demand for consumer electronics products
  - 5.1.1.2. Growing applications and expansion of the semiconductor industry
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in raw material prices and the high cost of research and development activities
- 5.1.3. Opportunities
  - 5.1.3.1. Shift towards sustainable manufacturing practices and advancements in electronic materials
  - 5.1.3.2. Potential applications of IoT and AI technologies in the synthesis of electronic chemicals and materials
- 5.1.4. Challenges
  - 5.1.4.1. Environmental and safety concerns associated with electronic chemicals and materials
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising demand for silicon wafers owing to their indispensability in semiconductor device fabrication
- 5.2.2. Application: Growing need for electronic chemicals & materials in the production of miniature semiconductor devices
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Electronic Chemicals & Materials Market, by Type

6.1. Introduction
6.2. CMP Slurries
6.3. Conductive Polymers
6.4. Low K Dielectrics
6.5. PCB Laminates
6.6. Photoresist Chemicals
6.7. Silicon Wafers
6.8. Wet Chemicals

7. Electronic Chemicals & Materials Market, by Device Type

7.1. Introduction
7.2. Air Conditioners
7.3. Computers
7.4. Electronic Chips & Circuits
7.5. Laptops
7.6. Smartphones

8. Electronic Chemicals & Materials Market, by Application

8.1. Introduction
8.2. Advanced Packaging
8.3. Printed Circuit Board Production
8.4. Semiconductor Fabrication

9. Americas Electronic Chemicals & Materials Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Electronic Chemicals & Materials Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Electronic Chemicals & Materials Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Fujifilm Completes Acquisition of Entegris' Electronics Chemicals Division
- 12.3.2. LANXESS Introduces Lewatit UltraPure 1296 MD PLUS for the Semiconductor Industry
- 12.3.3. BASF Advances Electronic Materials Innovation with New R&D Center in South Korea
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio