DUBLIN--(BUSINESS WIRE)--The "Electronic Chemicals and Materials Market by Type (Specialty Gas, CMP Slurries, Conductive Polymers, Photoresist, Low K Dielectrics, Wet Chemicals, Silicon Wafers, PCB Laminates), Application (Semiconductors, Others) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The electronic chemicals and materials market size is projected to grow from USD 58.8 billion in 2020 to USD 81.7 billion by 2025, at a compound annual growth rate (CAGR) of 6.8% during the forecast period.
The market is driven by the growth of the microelectronics industry, characterized by the emergence of new technologies.
The silicon wafers segment is projected to register the highest CAGR during the forecast period.
Silicon wafers are a thin slice of semiconductor made out of crystalline silicon and a key component in the fabrication of integrated circuits and serve as a substrate for microelectronics devices. The primary use of silicon wafer is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones.
The semiconductor application segment is expected to hold a larger market share during the forecast period.
A semiconductor is a solid chemical compound or element, which can conduct electricity under certain conditions depending upon the dopants added during the manufacturing process. Integrated circuits and printed circuit boards are the basic building blocks of any semiconductor material. These semiconductor devices require proper maintenance for their functionality; hence, certain electronic chemicals and materials are used to clean, etching, polishing, doping, and servicing semiconductors.
APAC is estimated to be the fastest-growing electronic chemicals and materials market during the forecast period.
APAC is estimated to be the fastest-growing electronic chemicals and materials market during the forecast period due to the rapid growth of the global electronics industry, which has driven the demand for printed circuit boards in the region. The printed circuit board industry's growth is directly associated with the development in telecommunications and IT, smart cards, electronic gaming, and consumer goods applications.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.
Market Dynamics
Drivers
- Recovery of Semiconductor Industry After a Downfall in 2019
- Technological Advancements in Electronics Industry
Restraints
- Stringent Health and Environmental Regulations Regarding Certain Chemicals and Materials
- Lack of Local Electronic Production in Emerging Economies
Opportunities
- Improved It Infrastructure and Upcoming Technologies Such as AI and IoT
- Growing Usage of Pcb in Telecommunication Industry
- Growing Demand for Rapid Diagnostic Systems due to COVID-19
Challenges
- Rapid Decline in the Use of Old Technologies
Companies Mentioned
- Air Liquide
- Air Products and Chemicals
- BASF AG
- Cabot Microelectronics
- Covestro
- Freiberger Compound Materials
- Globalwafers Co., Ltd.
- Honshu Chemical Industry Ltd.
- Linde plc
- Lord Ag
- Merck Group
- Mitsui Chemicals America, Inc.
- Okmetic Oy
- Shin-Etsu Chemical Co., Ltd.
- Showa Denko Materials
- Siltronic AG Atlas Copco
- Solvay
- Songwon
- Sumco Corp.
For more information about this report visit https://www.researchandmarkets.com/r/hoy2kr
