Press Release

Electronic Chemicals Market to Grow with a CAGR of 4.22% through 2030

Growing demand for semiconductor in various industry such as electronics, aerospace, and automotive sector is expected to drive the global electronic chemicals market in the forecast period, 2020-2030.

According to the TechSci Research report, “Electronic Chemicals Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Electronic Chemicals Market stood at USD 23.14 billion in 2024 and is anticipated to grow with a CAGR of 4.22% through 2030. A primary catalyst for this growth is the expanding semiconductor industry. Electronic chemicals are essential in various stages of semiconductor fabrication, including cleaning, etching, doping, and polishing. The surge in demand for integrated circuits (ICs) and printed circuit boards (PCBs) is propelling the need for specialized chemicals such as photoresists, CMP slurries, and conductive polymers. This trend is particularly evident in regions like North America and East Asia, where technological advancements and substantial investments in semiconductor manufacturing are prevalent.

 

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The proliferation of consumer electronics, including smartphones, laptops, and wearable devices, is further fueling the demand for electronic chemicals. These devices require high-purity chemicals for efficient performance and miniaturization. Additionally, emerging technologies such as artificial intelligence (AI), 5G connectivity, and electric vehicles (EVs) are creating new avenues for growth. For instance, AI applications necessitate advanced semiconductors, thereby increasing the need for specialized electronic chemicals .

Environmental concerns are influencing the electronic chemicals market, particularly regarding the use of per- and polyfluoroalkyl substances (PFAS), known as "forever chemicals." These substances, used in semiconductor manufacturing, are facing increased regulatory scrutiny due to their environmental persistence and potential health risks. In response, companies are investing in research and development to identify safer alternatives and comply with stringent environmental regulations.

The Global Electronic Chemicals Market is segmented into type, application, regional distribution, and company.

In 2024, Printed Circuit Boards (PCBs) have emerged as the dominant growth segment in the Global Electronic Chemicals Market due to the rising demand for advanced electronics across industries. The proliferation of consumer electronics, automotive electronics, and telecommunications has significantly boosted PCB production. PCBs require specialized chemicals for etching, cleaning, and plating, driving the need for high-quality electronic chemicals. Additionally, the shift towards miniaturization and higher circuit density in devices increases the complexity and chemical requirements of PCBs. This trend, combined with the expansion of IoT and 5G technologies, fuels sustained growth in the PCB-related electronic chemicals segment.

In 2024, Asia Pacific dominates the global electronic chemicals market due to its strong semiconductor manufacturing and electronics production hubs in China, Japan, South Korea, and Taiwan. The region’s advanced technology infrastructure and government initiatives like China’s "Made in China 2025" and India’s PLI scheme boost local production and demand for high-purity chemicals used in chip and PCB manufacturing. Additionally, rapid digitalization and growing consumer electronics consumption across developing countries further drive market growth. These factors collectively position Asia Pacific as the leading region in the electronic chemicals market worldwide.

 

Major companies operating in the Global Electronic Chemicals Market are:

  • Cabot Microelectronics Corporation
  • Air Products and Chemicals Inc
  • JSR Corporation
  • BASF SE
  • Huntsman International LLC
  • DIC Corporation
  • Dongjin Semichem Co. Ltd.
  • Solvay S. A.
  • Albemarle Corporation
  • Wacker Chemie AG
  • Honeywell International, Inc.
  • DuPont de Nemours Inc
  • Sumitomo Chemical Co. Ltd.

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“The electronic chemicals market is poised for continued growth. Innovations in semiconductor technology, coupled with the rise of next-generation electronic devices, will sustain the demand for specialized chemicals. Companies that invest in sustainable practices and adapt to regulatory changes will be well-positioned to capitalize on emerging opportunities in this dynamic sector.  The electronic chemicals market is integral to the advancement of modern technology. Its growth is intricately linked to developments in semiconductor manufacturing, consumer electronics, and environmental sustainability. As the industry evolves, stakeholders must navigate these trends to ensure continued success and innovation. “said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Electronic Chemicals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030 Segmented By Type (CMP Slurry, Wet Deposition, Gases, & Ancillary Chemicals), By Application (Semiconductor & IC & PCB), By),  By Region and Competition”, has evaluated the future growth potential of the global electronic chemicals market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global electronic chemicals market.


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Relevant Reports

Electronic Chemicals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (CMP Slurry, Wet Deposition, Gases, and Ancillary Chemicals), By Application (Semiconductor & IC and PCB), By Region and Competition 2020-2030F

Chemicals | Jul, 2025

Growing demand for semiconductor in various industry such as electronics, aerospace, and automotive sector is expected to drive the global electronic chemicals market in the forecast period, 2020-2030.

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