Global Electronic Chemicals & Materials Market to hit $64,919 million by 2022, with 6.1% CAGR | AMR

Electronic Chemicals and Materials Market size worth $64,919 million by 2022 and to grow at 6.1% CAGR from 2016 to 2022. The demand for electronic chemicals and materials has increased owing to growth in technological advancements and increase in demand from applications, namely, photovoltaics, integrated circuits, printed circuit boards for electronic gadgets such as mobiles, laptops, computers, tablets, LED bulbs, and others.

There is a shift towards advanced technology nodes that drives the market for wafer fabrication chemicals and materials. Other factors that drive the market growth include strict environmental regulations, increase in the consumption of IC process chemical, technological innovations, supporting environmental regulations, increasing demand for electronics, and rapid economic growth in emerging countries. as per the report, The electronic chemicals and materials market is expected to reach $64,919 million by 2022.

Get Sample Copy of This Report (Get Full Insights in PDF - Pages) @ https://www.alliedmarketresearch.com/request-sample/1698

The wafer fabrication application segment occupied the major (revenue) share in 2015 and is expected to maintain its lead throughout the analysis period. Silicon wafers is the most common type of wafer fabrication material used globally, and accounts for about 17% market share.

Furthermore, stringent regulations have led to increased adoption of electronic chemicals and materials for many applications namely photovoltaics, flat panel displays, and LED bulbs. Electronic chemicals and materials in the wafer fabrication application occupied more than half of the total market in 2015 and is expected to continue its dominance throughout the forecast period. Within packaging application, the organic substrate segment accounted for one-third of the market share as it is used for OLED displays that require low forward voltage, high luminance efficiency, and low reverse current. This segment is expected to continue its dominance in the packaging electronic chemicals and materials application market.

Top Key Players in the Industry:

1. BASF
2. Dow
3. JSM Corporation
4. Fujifilm
5. KMG Chemicals
6. Air Products and Chemicals Inc.
7. Albemarle Corporation
8. Merck KGaA
9. Huntsman International LLC
10. Honeywell International Inc

According to Eswara Prasad, Team Lead, Chemical Research at Allied Market Research, "Silicon wafers would continue to be the leading wafer fabrication material as they are extensively used to produce integrated circuits and other microelectronic devices".

Get The Full Summary of This Research report @ https://www.alliedmarketresearch.com/electronic-chemicals-and-materials-market

Asia-Pacific accounted for more than half of the total electronic chemicals and materials market in 2015 and is expected to maintain its lead position throughout the forecast period. This is attributable to the increase in domestic production of automotive electronics, and usage of electronics such as mobiles, TV sets, laptops, tablets, LED bulbs due to increase in the expenditure of the consumers spending in this region.

"Taiwan is the fastest growing country for electronic chemicals and materials market in the Asia-Pacific region and is expected to remain dominant throughout the period under consideration," adds Eswara Prasad

The prominent players profiled include BASF SE, The Dow Chemical Company, JSM Corporation, Fujifilm, KMG Chemicals, Air Products and Chemicals Inc, Albemarle Corporation, Merck KGaA. Huntsman International LLC, and Honeywell International Inc.

Browse More Trending News:

https://www.globenewswire.com/news-release/2021/08/12/2279933/0/en/Retro-Reflective-Materials-Market-Size-to-Reach-42-8-Billion-by-2030-CAGR-17-2-AMR.html

https://www.globenewswire.com/news-release/2021/07/26/2268627/0/en/Lawn-and-Garden-Consumables-Market-Size-to-Reach-26-3-Billion-by-2030-CAGR-4-6-AMR.html

https://www.globenewswire.com/news-release/2021/07/21/2266550/0/en/Trimethylhydroquinone-Market-Size-to-Reach-1-28-Billion-by-2028-CAGR-4-0-AMR.html

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com

This release was published on openPR.