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Electronic Chemicals And Materials Market 2024-2033 Global Outlook, Share, Industry Analysis And Major Players | Air Liquide, Albemarle Corporation, Ashland, Entegris Inc., Hitachi Ltd., Tokyo Ohka Kogyo Co. Ltd
Electronic Chemicals And Materials Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Electronic Chemicals And Materials industry. This report on electronic chemicals and materials market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electronic chemicals and materials market size has grown strongly in recent years. It will grow from $68.89 billion in 2023 to $75.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to consumer electronics demand, semiconductor industry growth, miniaturization, environmental regulations.
The electronic chemicals and materials market size is expected to see rapid growth in the next few years. It will grow to $110.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to 5g technology adoption, growth of iot devices and sensors, increasing adoption of evs, flexible and foldable displays, quantum computing. Major trends in the forecast period include advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, bio-based electronics.
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Key Market Players:
Air Liquide, Albemarle Corporation, Ashland, Entegris Inc., Hitachi Ltd., Tokyo Ohka Kogyo Co. Ltd., Air Products and Chemicals Inc., Henkel AG & Co. KGaA, Merck Group, Fujifilm Electronic Materials, LG Chem
Market Drivers:
According to the Electronic Chemicals And Materials Market Report 2024 by The Business Research Company, the rising inclination for connected devices and smart technologies is expected to propel the growth of the electronic chemicals and materials market going forward. Connected devices refer to any physical objects that are connected to other devices or systems with the help of the internet. Electronic chemicals and materials help connected devices and smart technologies by typically being used as core elements such as memories, displays, and LEDs in a variety of connected devices and smart technologies such as mobile phones, computers, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors. For instance, in April 2022, according to the Times of India, an Indian daily newspaper, the number of connected devices in India was 200 million in the year 2019, which grew to 2,000 million in the year 2021. This growth is further fueled by the increasing number of internet users in India. Therefore, the rising inclination for connected devices and smart technologies is driving the electronic chemicals and materials market.
More information about the Global Electronic Chemicals And Materials Market Report -
https://www.thebusinessresearchcompany.com/report/electronic-chemicals-and-materials-global-market-report
Market segments for template include:
1) By Product: Wafers, Atmospheric And Specialty Gases, Ancillary And Photoresist Chemicals, CMP Slurries And Pads, Other Products
2) By Application: Wafer Fabrication, Packaging
3) By End Users: Semiconductors, Others End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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