Electronic Materials Market to Grow with a CAGR of 6.4% Globally through to 2028
Global Electronic Materials
Market is rising due to increasing demand for electronic devices, advancements
in technology, and the growing adoption of electronic components across various
industries in the forecast period 2024-2028.
According to TechSci Research report, “Global Electronic
Materials Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, The Global Electronic Materials Market is
experiencing robust growth driven by the relentless advancement in technology
and the soaring demand for electronic devices across diverse industries. These
materials, essential building blocks of electronic components, encompass
semiconductors, conductive polymers, dielectric materials, and substrates. The
proliferation of smartphones, tablets, wearable devices, and IoT applications
has significantly fueled the demand for these materials. Moreover, emerging technologies
such as 5G, artificial intelligence, and electric vehicles are contributing to
the market's expansion. The ever-increasing need for miniaturization and
high-performance electronic products is propelling research and development
efforts, enhancing the quality and functionality of electronic materials.
Additionally, environmental concerns are driving the development of
eco-friendly materials, further shaping the market landscape. Major players are
investing in research and collaborations to innovate and meet the evolving
demands of the electronics industry, thereby ensuring the market's continuous
growth. As a result, the Global Electronic Materials Market is poised for
significant expansion, offering lucrative opportunities for businesses in the
electronic materials sector.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Electronic
Materials Market”.
The global electronic materials market is a dynamic
and rapidly evolving industry that plays a crucial role in enabling
technological advancements across various sectors. Electronic materials are
essential components used in the production of electronic devices, ranging from
smartphones and laptops to automotive systems and renewable energy
technologies. These materials include semiconductors, conductive materials,
dielectric materials, substrates, and encapsulation materials, among others.
The market is driven by the increasing demand for high-performance electronic
devices, the growing adoption of renewable energy systems, and the emergence of
new applications in sectors such as healthcare and Internet of Things (IoT). One
of the key drivers of the global electronic materials market is the rapid pace
of technological advancements. In today's digital age, technology is constantly
evolving, pushing the boundaries of what is possible. Electronic materials are
at the forefront of these advancements, enabling the development of
cutting-edge technologies such as artificial intelligence, 5G communication,
and IoT. Manufacturers are investing in research and development to create
advanced electronic materials that offer improved conductivity, higher thermal
stability, enhanced durability, and other desirable properties. This continuous
innovation drives the growth of the electronic materials market as industries
across the board seek materials that can meet the evolving demands of modern
technology.
Another significant factor contributing to the growth
of the global electronic materials market is the increasing adoption of
renewable energy systems. As the world seeks to reduce its reliance on fossil
fuels and mitigate the effects of climate change, renewable energy sources such
as solar and wind power are gaining prominence. Electronic materials play a
crucial role in the production of photovoltaic cells for solar panels and
components for wind turbines. These materials, including semiconductors and encapsulation
materials, are essential for the efficient and reliable operation of renewable
energy systems. The demand for electronic materials in the renewable energy
sector is driven by the need for higher energy conversion efficiency, improved
durability, and reduced costs. As governments worldwide implement policies to
promote renewable energy adoption and the demand for clean energy continues to
rise, the global electronic materials market is expected to experience
significant growth.
Furthermore, the global electronic materials market is
witnessing emerging applications in sectors such as healthcare and IoT.
Electronic materials are playing a crucial role in the development of advanced
medical devices, diagnostics, and wearable technologies. These technologies are
revolutionizing healthcare by enabling remote patient monitoring, personalized
medicine, and improved treatment outcomes. Electronic materials are used in the
production of sensors, electrodes, and flexible circuits that are integrated
into medical devices such as pacemakers, glucose monitors, and drug delivery
systems. In the IoT sector, electronic materials enable the functionality of
smart home devices, wearable devices, and industrial sensors. As the healthcare
industry continues to embrace digital transformation and the demand for
advanced medical technologies grows, along with the expansion of the IoT
ecosystem, the global electronic materials market is expected to expand
significantly.
In conclusion, the global electronic materials market
is a vital and rapidly growing industry that provides the necessary components
for the production of electronic devices across various sectors. The market is
driven by rapid technological advancements, the increasing adoption of
renewable energy systems, and the emergence of new applications in healthcare
and IoT. Manufacturers are investing in research and development to create
advanced electronic materials that can meet the evolving demands of modern technology.
As industries continue to rely on electronic materials to enable innovation and
address evolving challenges, the market is expected to witness significant
growth. The global electronic materials market stands at the forefront of
technological innovation, supporting the development of cutting-edge electronic
devices and applications that enhance convenience, efficiency, and user
experience across various sectors.
The Global Electronic Materials Market is segmented
into Application, End-Use, regional distribution, and company.
Based on Application, Based on the application, the market is
segmented into silicon wafers, PCB laminates, specialty gases, wet chemicals,
photoresist chemicals, and others. The silicon wafers segment is estimated to
hold the largest share in this market in 2020. The growth of this segment is
associated with a rise in demand for electronic devices such as PCs, laptops,
mobiles, and air conditioners, globally. Silicon wafers are widely used in the
microelectronic devices as an under layer and acts as the key component in the
fabrication of integrated circuits. Thus, a higher use of silicon wafers in
making such electronic devices will boost the growth of the segment. The PCB
laminates form a key component of electronic circuitry in ensuring
functionality and integrity of a wide range of electronics such as computers,
communication and other consumer electronics. Moreover, increasing preference
for types of PCBs such as miniaturized, multi-layered, and halogen free, has
increased the consumption of electronic chemicals and materials.
The growth of the specialty gases
segment is associated with its wide use of electronic devices and components
such as semiconductors, solar cells, liquid crystal panels, and LEDs.
Additionally, they are used in several electrical equipment such as circuit
breakers and transformers. The latest product developments includes wearable
and technological advancements such as control systems, connected homes, and
connected industrial systems in the electronic industry, are estimated to boost
the demand for specialty gases. This will further positively impact the
electronic chemicals & materials market. The wet chemicals segment is in a
growing phase due to its rising use in semiconductors, integrated circuit
manufacturing, display panels, televisions, LCDs, and LEDs. The growing
adoption of these devices across the globe has contributed a high consumption
of wet chemicals thereby boosting the electronic chemicals and materials
demand.
Photoresist chemicals are primarily used
in processes such as photoengraving and photolithography to create a pattern on
the semiconductor material. Additionally, growing demand for LED displays and
miniaturization of electronic goods is enhancing the use of photoresist
chemicals thus leading to electronic chemicals and materials market growth.
Others segment includes CMP slurries, Low K Dielectrics and conductive
polymers. The growth of these segment is characterized by increasing demand for
electronic products globally.
Based on region, The Asia-Pacific region emerged as the
dominant force in the Global Electronic Materials Market and is anticipated to
maintain its stronghold throughout the forecast period. This dominance can be
attributed to several key factors. Firstly, countries like China, Japan, South
Korea, and Taiwan are at the forefront of electronics manufacturing, with a
significant number of leading semiconductor and electronics companies
headquartered in these nations. Their robust manufacturing capabilities,
coupled with a skilled workforce and advanced technological infrastructure,
have positioned Asia-Pacific as the epicenter of electronic materials
production and consumption. Additionally, the region's massive consumer base
for electronic devices, including smartphones, laptops, and consumer
electronics, has further driven the demand for electronic materials.
Furthermore, supportive government policies, investments in research and
development, and collaborations between industries and academic institutions
have fostered innovation in electronic materials, giving companies in this
region a competitive edge. As a result, Asia-Pacific is expected to continue
its dominance in the Global Electronic Materials Market. The region's proactive
approach toward technological advancements and its pivotal role in the global
electronics supply chain are poised to sustain its leadership position, making
it a focal point for businesses and investors in the electronic materials
sector.
Major companies operating in Global Electronic
Materials Market are:
- Dow Inc.
- BASF SE
- Samsung Electronics Co., Ltd.
- LG Chem Ltd.
- Sumitomo Chemical Co., Ltd.
- DuPont de Nemours, Inc.
- Hitachi Chemical Co., Ltd.
- Henkel AG & Co. KGaA
- Shin-Etsu Chemical Co., Ltd.
- JSR Corporation
- Tokyo Electron Limited
- Air Products and Chemicals,
Inc.
- Covestro AG
- Mitsubishi Chemical
Corporation
- Wacker Chemie AG
Download
Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global electronic materials market is a rapidly
evolving industry that plays a crucial role in enabling technological
advancements across sectors. These materials, including semiconductors,
conductive materials, dielectric materials, and encapsulation materials, are
essential for the production of electronic devices. The market is driven by the
increasing demand for high-performance electronic devices, the growing adoption
of renewable energy systems, and the emergence of new applications in healthcare
and IoT. Technological advancements, such as artificial intelligence and 5G
communication, rely on electronic materials that offer improved conductivity,
thermal stability, and durability. The renewable energy sector also contributes
to market growth as electronic materials are crucial for the efficient
operation of solar panels and wind turbines. Additionally, electronic materials
play a vital role in the development of advanced medical devices and wearable
technologies in healthcare, as well as in the functionality of smart home
devices and industrial sensors in the IoT sector. As industries continue to
rely on electronic materials for innovation, the global market is expected to
witness significant growth, supporting the development of cutting-edge electronic
devices and applications that enhance convenience and efficiency,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Electronic Materials Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Application (Silicon Wafers, PCB Laminates,
Specialty Gases, Wet Chemicals, Photoresist Chemicals and Others), By End-Use
(Semiconductors {Integrated Circuits and Printed Circuit Boards}, Others),
By
Region, By Competition”, has evaluated the future growth potential of Global
Electronic Materials 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 Global Electronic
Materials Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com