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DowDuPont, BASF SE, 3M and KMG Chemicals are the key players in the global electronic chemicals and materials market

DowDuPont, BASF SE, 3M and KMG Chemicals are the key players in

The recent study titled “Global Electronic Chemicals and Materials Market – Forecasts from 2018 to 2023” covers an in-depth analysis of the market on the basis of type, application, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the global electronic chemicals and materials market by type (gases, wet chemicals, silicon wafer, others), application (semiconductor and IC, photovoltaic, displays), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). A broad range of highly sophisticated electronic chemicals and materials are used at different stages of the electronic component and product manufacturing, starting from the fabrication of printed circuit boards (PCB) to the production of flat panel displays. These chemicals are used in the cleaning, chip packaging, and product insulation processes. Advancement in technology and rising demand for flat displays in PC’s, tablets, television, etc. are the driving factors that are boosting the electronic chemicals and materials growth. Burgeoning need to use high purity silica in applications such as photovoltaic cells and electronic equipment manufacturing is fueling the demand for electronic chemicals and materials. The market is expected to grow at a steady pace owing to the evolving semiconductor and photovoltaic industry.

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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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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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