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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Electronic Chemicals Market”
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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