Electronic Chemicals Market

Global Electronic Chemicals Market is valued at 67.57 Billion in 2021 and anticipated to reach USD 112.08 Billion by 2028 with a CAGR of 6.5% over the forecast period.

Global Electronic Chemicals Market: Global Size, Trends, Competitive, Historical & Forecast Analysis To 2021-2028,Increasing demand for electronic & electrical products, rising preference for connected devices and rising dependence of smart technologies on IoT driven devices for secured and better functionality are anticipated to drive the growth of Global Electronic Chemicals Market.

Scope of Global Electronic Chemicals Market Report–

A chemical is a unique compound or material that has been synthesized or refined artificially. It is a kind of substance with specific characteristics and compositions. Electronic chemicals are chemicals that are used in the manufacturing of electronic equipment and components. Solid, liquid, and gaseous electronic compounds are all accessible. Wet chemicals, acids, gases, photoresists, and various electronic materials like wafers and laminates are examples of high-purity chemicals. Some of the basic ingredients utilized in the production of electronic chemicals include silicon, fluorine, and biphenyl. Chips and integrated circuits are made using electronic chemicals in the automobile and electronic appliance industries. And also, the high-end performance and manufacture of digital semiconductors, which are utilized in computers, servers, tablets, mobile phones, and consumer electronics, increase the use of specific electronic chemicals. Electronic chemicals are in high demand as the need for semiconductors and printed circuit boards (PCBs) grows in tandem with the global use of smartphones and computers.

Due to the global lockdown enforced by Covid-19, there was a surge in demand for semiconductors and PCBs as smartphone manufacturers rolled out new models and variations based on geography and client buying habits, resulting in a surge in demand for electronic chemicals. Whereas the pandemic had a detrimental impact on other sectors' marketplaces, electronic chemicals saw exponential development.

Global Electronic Chemicals Market Segmentation:-

Global electronic chemicals market report is segmented on the basis of type, application and region & country level. Based upon type, global electronic chemicals market is classified into CMP Slurry, wet deposition, gases, ancillary chemicals and other. Based upon application, global electronic chemicals market is divided into applications, semiconductors. Semiconductors are sub divided into integrated circuits and printed circuit boards and others.

By Type:

• CMP Slurry
• Wet Deposition
• Gases
• Ancillary Chemicals
• Other

By Application:

• Semiconductors
• Integrated Circuits
• Printed Circuit Boards
• Others

Electronic Chemicals Market Key Players

• Lindeplc
• Air Products
• Cabot Microelectronics
• BASF AG
• Hitachi Chemical
• Air Liquide
• HORIBA Scientific
• Solvay A.G
• Shin-Etsu
• Covestro
• Songwon
• others

Increasing Demand for Electronic & Electrical Products, Rising Preference for Connected Devices and Rising Dependence of Smart Technologies on IoT Driven Devices for Secured and Better Functionality are Anticipated to Drive the Market Growth

The major factors driving the growth of global electronic chemicals market is the increasing health awareness with growing technological development in medical profession such as remote monitoring, virtual healthcare and etc. Machine demand has been fueled by the use of robotics and automation in the industrial sector. These devices have the potential to improve operational efficiency. To guarantee maximum performance, electronic chemicals are used extensively in machine motion control and sensor and vision components. In 2016, the worldwide automation sector was valued at USD 556.49 billion, according to the ZVEI. Consequently, over the forecast period, the expansion of the industrial sector is expected to fuel the growth of the electrical chemicals market. Semiconductors are widely utilized in the manufacturing of smartphones, laptops, tablets, electronic appliances, and other products, as well as in industries such as aerospace, military, and automotive. The usage of electronic chemicals in the manufacture of chips and integrated circuits has also fueled the electronic chemicals market.

The huge acceptance of nanotechnology has pitched into the demanding step toward MEMS & NEMS devices. The minor size, lighter weight, less power consumption, and affordable fabrication costs associated with nano-devices have made them acceptable universally. The recent commercialization of nano-based devices has boosted the market eventuality for photoresist and photoresist ancillaries with various technological advancements. For case, Intel is moving rapidly toward adopting new technology based on 20nm from 28nm, thus boosting the demand for nanomaterial’s and, in turn, electronic chemicals and materials in the semiconductor industry.

However, the use of hazardous chemicals and materials in the manufacture of electronic products has caused companies to face various regulations and comply with a number of laws that directly or indirectly affect the profitability of businesses. For example; the use of silica in the manufacture of semiconductors is a major concern for workers' health. Silica can penetrate deep into the lungs and cause silicosis, which can lead to lung cancer and a variety of other lung diseases. This factors may hamper the market growth. In spite of that, the rising demand for electric vehicles has opened up new revenue applications for the electronics chemicals market. The digital display industry is also up to the standard by introducing high-quality LED and LCD television sets that require high-quality electronic materials for production. Thus, new revenue streams can be discovered by players in the electronic chemicals and materials market.

North America is Anticipated to Dominate the Global Electronic Chemicals Market

On the basis of region, the global electronic chemicals market is segmented into North America, Europe, Asia-Pacific Latin America, and Middle East & Africa. North America is expected to dominate the global electronic chemicals market due to the high demand for smart devices and technological advancements in this region, the region is influenced by a shift in consumer preference towards fitness & wellness devices and smart watches. For instance; in 2020, the United States produced electronic goods worth USD 411.09 billion, making it the second-largest market for electronic goods, which is projected to support regional electronic chemicals market growth.

The Asia Pacific is anticipated to grow faster due to it’s the rising demand for electronic products and also an increasing adoption of smartphones. Additionally, due to this customers demand increased electronic products production in nations such as China, Japan, India, South Korea, and Malaysia. Economic growth and rising disposable income are fueling the expansion of the electronics sector, which is projected to drive regional electronic chemicals market growth.

The regions covered in global electronic chemicals market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global electronic chemicals is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East, GCC (UAE, Saudi Arabia, Kuwait), Africa, etc.

On Special Requirement Electronic Chemicals Market Report is also available for below Regions and Country:

North America
• U.S.
• Canada

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2022 - 2028
Market Size in 2021:	USD 67.57 Billion
Base year considered	2020
Forecast Period CAGR %:	6.5%
Market Size Expected in 2028:	USD 112.08 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Nikon, LG Electronics, 360fly, GoPro, Samsung Electronics, Insta360, Kodak, Ricoh, Rylo, Bubl, Xiaomi, Immervision, Digital Domain Productions, YI Technology, PANONO, AITBOT, Freedom360, Jaunt, Facebook, Humaneyes, Sony and Panasonic and others.
Segments Covered	By Connectivity, By Resolutions, By Application, By End-Users
Regional Analysis	North America, U.S., Canada, , Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA