Electronic Chemicals And Materials Global Market Report 2024 - By Demand, Share, Growth, Outlook By 2033

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.

Market Overview -
Electronic chemicals and materials refer to high purity chemicals and materials that are used as the main component in a variety of electronic applications. Electronic chemicals and materials are used to deliver consistently reduced contamination levels in a range of highly pure industrial chemicals.

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Connecting The Future Rising Demand For Smart Technologies Drives The Electronic Chemicals And Materials Market
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.

Competitive Landscape -
Major companies operating in the electronic chemicals and materials market include 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, Sumitomo Chemical Co Ltd., Cabot Microelectronics Corporation, Hitachi Chemical Co Ltd., Sumitomo Bakelite Co Ltd., BASF SE, Wacker Chemie AG, Huntsman Corporation, Kyocera Chemical Corporation, UBE Industries Ltd., Nitto Denko Corporation, Showa Denko K.K., Techspray a division of ITW, Indium Corporation, Henkel Adhesive Technologies, Atotech, Henkel Electronics, Materion Corporation, Cabot Corporation

Driving Innovation Technological Advancements Reshaping The Electronic Chemicals And Materials Market
Technological advancements have emerged as a key trend gaining popularity in the electronic chemicals and materials market. Major companies operating in the electronic chemicals and materials market are developing new technologies to sustain their position in the electronic chemicals and materials market. For instance, in April 2021, Prismade, a German-based company, and a technology developer launched security labels that are created with Clevios and transparent printed electronics built with the help of PrismaID technology, which helps to protect documents via smartphones is an innovative example of next-generation document authentication and security. PrismaID technology, offered on every smartphone, is a revolutionary method of secure, interactive authentication from Prismade.

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Key Segments -
The electronic chemicals and materials market covered in this report is segmented -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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