DowDuPont, BASF SE, 3M and KMG Chemicals are the key players in the global electronic chemicals and materials market
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Silicon wafer holds a significant share in the market.
Silicon wafer holds a significant share in the market as it is the basic building block of an integrated circuit (IC’s). These IC’s are embedded in all the electronic devices. The market is anticipated to grow at a good rate owing to the growing demand for innovative and sophisticated electronics equipped with the latest technology. The booming photovoltaic market will bolster the production of silicon wafers in the upcoming years.
Semiconductor and IC hold a significant share in the market and are expected to grow at a good CAGR over the forecast period
The semiconductor and IC hold a significant share in the market in 2017 and are further projected to grow rapidly on account of increasing production of electronic devices. Rising disposable income and increased standard of living are bolstering the demand for electronics such as smartphones, tablets, PC’s among consumers which in turn is augmenting the semiconductor and IC production. According to OECD data, the household disposable income of Japan increased at an annual growth rate of 1.45% in 2015 to 1.75% in 2016.
The Asia Pacific holds a major share in the market
The Asia Pacific electronic chemicals and materials market is estimated to hold a major share in the global market in 2017, while the region is further anticipated to grow at a good CAGR during the forecast period on account of growing semiconductor and electronics industry in the region. Developing countries are witnessing a favoring a more consumerist economy, which will have a positive effect on the demand for electronic chemicals and materials in this region.
Some of the major players discussed in the reports are BASF SE, 3M, KMG Chemical, DowDuPont, Eastman Chemical Company, Honeywell International Inc., Avantor, Inc., Merck KGaA, KANTO KAGAKU, Evonik Industries AG, and The Linde Group.
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