Global Electronic Chemicals And Materials Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Gases, Wet Chemicals, Silicon Wafer, Others), By Application (Semiconductor And IC, Photovoltaic, Displays, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Sep 2022 Report Code: KSI061612232 Pages: 127

The global electronic chemicals and materials market is projected to grow at a CAGR of 7.11% to reach US$74.928 billion by 2027, from US$46.332 billion in 2020.

There are a variety of chemicals and materials that are used for the processes and packing of products and components like silicon wafers, printed circuit boards, integrated circuits, and semiconductors in the electronics industry and are referred to as electronic chemicals and materials. Different chemicals are used in the electronics industry during and after the manufacture of electronic components for different devices. Some of these chemicals used for the manufacturing of silicon wafers include hydrochloric acid, ammonium chloride, and ammonia. Herein, hydrogen chloride is used to remove any impurities, and ammonium chloride is used for the production of polysilicon crystals. Photoresistors can also be applied on top of silicon wafers to give them the ability to facilitate the process of photolithography. For the manufacturing of semiconductors, different chemicals like ammonium hydroxide, isopropyl alcohol, nitric acid, phosphoric acid, and sulphuric acid among others. Rising disposable income has led to increasing demand for consumer electronics such as entertainment devices, mobile phones, and laptops, which is boosting the demand for these chemicals and materials. Moreover, the stringent requirements for the purity of processing chemicals used for fabricating integrated circuits, silicon wafers, and ICs will become more complex with advanced circuits being developed, which is the direct result of devices getting more technologically advanced, which will also bolster the market growth further.

Furthermore, the increasing investments, acquisitions, and participation of market players are augmenting the demand for these chemicals. For instance, recently, in 2019, Samsung announced the launch of its latest TV called “The Wall” which uses micro-LED technology and up to 8k resolution. This TV is modular and flexible and can be made in any size and design.

Silicon wafers to hold a dominant market share

Silicon wafers are silicon crystal, which has been cut into thin slices. The silicon wafers are mostly used in the fabrication and manufacturing of Integrated Circuits (ICs) and other microelectronics-based devices. By type, the silicon wafer segment is estimated to hold a significant market share, which can be attributed to the benefits and its usage across a wide range of components.

Semiconductor and IC display to hold a significant share

By application, the semiconductor and IC segments are expected to hold a significant market share due to increasing consumer electronics and smart devices making the use of these components, Also, the displays segment will show market potential due to technological advancements.

The Asia Pacific and North America will account for major demand for these chemicals

By geography, the Asia Pacific and North American regions are expected to hold a significant market share, which is attributed to the well-developed and high-output electronics industry in countries like China in the Asia Pacific region. whereas, the US has a well-established chemical industry in the North American region.

Key developments

  • In July 2022, Imperial College of London and BASF SE., have entered into a strategic partnership for a range of research that included techniques to use energy and material more efficiently. This strategic partnership will mainly focus on developing continuous methods for low-volume, high-value products such as speciality chemicals.
  • Entegris, Inc. a leading chemicals and advanced materials solutions company for the microelectronics industry completed its acquisition of CMC materials in July 2022. The acquisition is aimed at creating the company as a global leader in electronic materials. After completion of the acquisition, Entegris will operate in four divisions namely Microcontamination control (MC), Specialty Chemicals and engineered materials (SCEM), Advanced materials handling (AMH), and Advanced Planarization Solutions (APS) division.

COVID-19 Impact on Electronic Chemicals and Materials Market

The global electronic chemicals and materials market was adversely affected by the COVID-19 epidemic because of the stringent restrictions imposed by the government on limiting the workforce. Therefore, several electronic chemical and materials manufacturers considerably reduced their operations. These circumstances hindered the global electronic chemicals and material market growth during the pandemic. But, due to the significant advancements in the application of electronic chemicals in the electronic industry, the market is expected to grow during the forecast period.

Global Electronic Chemicals and Materials Market Scope:

Report Metric Details
 Market Size Value in 2020  US$46.332 billion
 Market Size Value in 2027  US$74.928 billion
 Growth Rate  CAGR of 7.11% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Application, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered BASF SE, KMG Chemicals, Eastman Chemical Company, Honeywell International Inc., Avantor, Inc., KANTO KAGAKU, Linde Plc, Air Liquide, CMC Materials, Solvay
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Gases
    • Wet Chemicals
    • Silicon Wafer
    • Others
  • By Application
    • Semiconductor and IC
    • Photovoltaic
    • Displays
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the electronic chemicals and materials market size by 2027?
A1. The global electronic chemicals and materials market is projected to reach a market size of US$74.928 billion by 2027.


Q2. What is the size of the global electronic chemicals and materials market?
A2. Electronic Chemicals And Materials Market was valued at US$46.332 billion in 2020.


Q3. What are the growth prospects for the electronic chemicals and materials market?
A3. The electronic chemicals and materials market is projected to grow at a CAGR of 7.11% during the forecast period.


Q4. What factors are anticipated to drive the electronic chemicals and materials market?
A4. Rising disposable income has led to increasing demand for consumer electronics such as entertainment devices, mobile phones, and laptops, which is boosting the demand for the electronic chemicals and materials market.


Q5. Which region holds the largest share in the electronic chemicals and materials market?
A5. By Geography, the Asia Pacific and North American regions are expected to hold a significant share in the electronic chemicals and materials market, due to the well-developed and high-output electronics industry in the region.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Electronic Chemicals and Materials Market Analysis, By Type
5.1. Introduction
5.2. Gases
5.3. Wet Chemicals
5.4. Silicon Wafer
5.5. Others

6. Global Electronic Chemicals and Materials Market Analysis, By Application
6.1. Introduction
6.2. Semiconductor and IC
6.3. Photovoltaic
6.4. Displays 
6.5. Others

7. Global Electronic Chemicals and Materials Market Analysis, By Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. Israel
7.5.3. UAE
7.5.4. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. South Korea
7.6.4. India
7.6.5. Indonesia
7.6.6. Taiwan
7.6.7. Others


8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles 
9.1. BASF SE
9.2. KMG Chemicals
9.3. Eastman Chemical Company
9.4. Honeywell International Inc.
9.5. Avantor, Inc.
9.6. KANTO KAGAKU
9.7. Linde Plc
9.8. Air Liquide
9.9. CMC Materials
9.10. Solvay

BASF SE

KMG Chemicals

Eastman Chemical Company

Honeywell International Inc.

Avantor, Inc.

KANTO KAGAKU

Linde Plc

Air Liquide

CMC Materials

Solvay

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