Electronic Chemicals & Materials Market to 2027: Global Trends, Business Strategies and Opportunities with Key Players Analysis

 Infinium Global Research’s recent report on the “Electronic Chemicals & Materials Market (Type-Silicon Wafers, Specialty Gases, CMP Slurry & Pads, Wet Chemicals, Photoresist Chemicals, PCB Laminates, and Others; Application- Integrated Circuits, Printed Circuit Boards, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The reported study estimated the market for electronic chemicals and materials will reach more than 47 million in 2027, with a Compound Annual Growth Rate of 6.73%, over the forecast period (2021-2027).

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

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Electronic chemicals and materials play a crucial role in the electronic industry. They are the basic raw materials used for manufacturing electronic goods. Moreover, the growing adoption of electronic products and communication devices such as smartphones, computers, IoT devices, and others is majorly driving the growth of the electronic chemicals and materials market. Moreover, a rise in the usage of sensors in consumer electronics is anticipated to boost the growth of the electronic chemicals and materials market. Furthermore, the development and innovations in electronics products, coupled with the growing penetration of smartphone devices are expected to augment the demand for electronic chemicals and materials.

The demand for electronic chemicals and materials momentarily declined during the novel coronavirus outbreak. Temporary shutdown of manufacturing units in major end-user industries such as consumer electronics, medical devices, automotive, and others led to the lower sales of electronic chemicals and materials. Moreover, the pandemic also created major disruptions in the supply chain of the electronic industry. Due to the high infection rate, governments across the world imposed lockdowns, which significantly affected the production, value chain, and business operation in the electronic industry. This, in turn, hampered the sale of electronic devices, as well as electronic chemicals and materials. However, as the pandemic situations come under control the market is expected to grow at a steady pace till end-user industries continue their production at a moderate pace.

Silicon Wafers were Estimated to Dominate the Electronic Chemicals and Materials Industry

The electronic chemicals and materials market is segmented into silicon wafers, specialty gases, CMP slurry & pads, wet chemicals, photoresist chemicals, PCB laminates, and others based on type. Among the types, the silicon wafers segment dominated the electronic chemicals and materials market in 2019. Semiconductor silicon wafers are the core component of a wide variety of electronic devices. They are the essential component of an integrated circuit used in electronic devices such as computers, smartphones, and many others. They are used for the fabrication of an integrated circuit, in photovoltaics to manufacture solar cells and other devices. The major end-users of silicon wafers include consumer electronics, industrial, telecommunication, automotive, and others. The growing demand for compact electronic devices that use microelectronic components is majorly driving the growth of the silicon wafers segment. Furthermore, the increasing adoption of solar energy and the growing installation of solar panels is further augmenting the sale of silicon wafers in the market.

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Companies Operating in Electronic Chemicals and Material Market to Expand Their Product Portfolio

The electronic chemicals and materials market is highly fragmented with the presence of several local and international players. The players such as BASF, Dow, Albemarle, Merck, Huntsman, Honeywell, Air Products and Chemicals, KMG, FUJIFILM, and JSR dominated the global market. The key market players are continuously focusing on improving R&D and facilitate other strategies such as partnerships, mergers, and acquisitions. For instance, in December 2020, Elite Material Co., Ltd acquired Arlon Electronic Materials. With this acquisition, Elite Material Co is expected to establish a new manufacturing base in the US, strengthening its diversification strategy and enhance competitiveness.

Similarly, CMC Materials, Inc. entered into an agreement to acquire a high-performance consumables company International Test Solutions, Inc. in March 2021. The acquisition is likely to expand CMC Materials’ portfolio of critical, enabling solutions, and the ability to design and produce consumables used to maximize yield in the semiconductor manufacturing process.  Such strategies are anticipated to offer growth opportunities to the market players, consolidating their position in the market. Infinium Global Research’s recent report on the global Electronic Chemicals and Materials Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments in the global market.

The Asia Pacific to be the Dominant Region in Electronic Chemicals and Material Market

In terms of region, Asia Pacific accounted for the largest share in the electronic chemicals and material market in 2019 and is expected to continue its dominance over the forecast years. Factors such as increasing demand from end-user industries and a rise in the production of electrical and electronic products in emerging countries such as India, China, and Taiwan are likely to support the growth of the market. Moreover, rapid industrialization in Asian countries is expected to sustain the demand for market growth.

Furthermore, North America held the second-largest share in the global electronic chemicals and materials market. The market for electronic chemicals and materials in North America is largely benefitted from the numerous R&D activities. Rapid technological advancement and rising adoption of high precision electronic components in display and telecommunication devices contribute to the growth of the market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the electronic chemicals and materials.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.