Electronic Chemicals and Materials Market | Key players operating in the market include Linde plc, Air Products and Chemicals, DowDuPont, Cabot Microelectronics, BASF AG, Hitachi Chemical, Air Liquide

According to recent market research "Electronic Chemicals and Materials Market by Type (Specialty Gases, CMP Slurries, Conductive Polymers, Photoresist Chemicals, Low K Dielectrics, Wet Chemicals, Silicon Wafers, PCB Laminates), Application, and Region - Global Forecast to 2024", size is estimated at USD 56.3 billion in 2019 and is projected to reach USD 81.6 billion by 2024, at a CAGR of 7.7% during the forecast period. Increasing demand from the microelectronics and chip manufacturing industries globally is expected to drive the market.

Browse 105 market data Tables and 44 Figures spread through 148 Pages and in-depth TOC on "Electronic Chemicals and Materials Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electronic-chemicals-market-107930161.html

The semiconductors market is one of the most competitive markets worldwide, and the demand for ultra-pure electronic gases and chemicals is increasing in tandem with the growing semiconductors market. There are different chemicals and materials used in the electronics industry, which include specialty gases, wet chemicals, conductive polymers, CMP slurries, photoresists, PCB laminates, and others. Semiconductor devices require proper maintenance for their functionality; hence, certain electronic chemicals and materials are used for cleaning, etching, polishing, doping, and servicing of semiconductors. MarketsandMarkets expects the global electronic chemicals and materials market size to grow from USD 56.3 billion in 2019 to USD 81.6 billion by 2024, at a compound annual growth rate (CAGR) of 7.7%.

Silicon wafers are the largest type of electronic chemicals and materials. These are a thin slice of semiconductor, which is made out of crystalline silicon and is a key component in the fabrication of integrated circuits and serves as a substrate for microelectronics devices. The primary use of silicon wafer is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones. Other applications include tire pressure systems and solar cells. The silicon wafer market is expected to grow with the growth of the integrated circuits and solar markets during the forecast period.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=107930161

The electronic chemicals and materials market size is projected to grow from USD 56.3 billion in 2019 to USD 81.6 billion by 2024, at a compound annual growth rate (CAGR) of 7.7% during the forecast period.

The market growth is reliant on the semiconductor industry, which is affected by the technological advancements in the electronics industry. Along with the increasing demand for circuit boards and memory chips, technologies such as artificial intelligence (AI) are expected to drive the market in the semiconductor industry. The market growth is also attributed to the intense penetration of electric and hybrid cars. The communications industry is expected to grow in the upcoming years because of the introduction of 5G technology, which is projected to drive the electronic chemicals and materials market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107930161

Linde (Ireland) is setting up an air separation plant to supply a 720 tons per day of high purity nitrogen to Shanghais Ever Display Optronics Co. Ltd (EDO). Apart from this, the company will supply oxygen, helium, argon, and hydrogen to EDO. The company will also invest USD 1.4 billion to expand its existing gasification complex at Jurong Island, integrating it with ExxonMobils project in order to produce and supply additional hydrogen and synthesis gas.

Air Products and Chemicals (US) has announced the addition of a second liquid hydrogen production facility in California, US. This production facility will help the company meet the demand for hydrogen fuel cell vehicles (FCV). The company has also invested in six industrial gas plants and pipeline network in China. These plants will supply nitrogen, oxygen, and other bulk gases. The expansion will support the booming electronics manufacturing industry in China.

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/electronic-chemicals-materials.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/electronic-chemicals-market.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.