Electrical And Electronics Materials Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : 3M Company, E.I. du Pont de Nemours and Company, Nitto Denko Corporation

"The new report published by The Business Research Company, titled ""Electrical And Electronics Materials Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the electrical and electronics materials market size has grown rapidly in recent years. It will grow from $2.53 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The electrical and electronics materials market size is expected to see rapid growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.

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Electric Vehicle Surge Fuels Growth In The Electrical And Electronic Materials Market
The growth in the production of electric vehicles (EVs) is expected to propel the growth of the electrical and electronic materials market going forward. An electric vehicle refers to a vehicle with an electric motor that can take power from a battery and be charged from an external source. The various electrical and electronic materials are considered to be the primary component in electric vehicles, thus, an increase in electric vehicles necessitates more electrical and electronic materials, which raises demand for the electrical and electronic materials market. For instance, according to the Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Furthermore, the sales of electric cars worldwide in 2021 have reached 6,600,000 units, up from 2,980,000 units. Therefore, the increasing demand for electric vehicles is driving the growth of the electrical and electronic materials market.

Technological Advancements Propel Innovation In The Electrical And Electronic Materials Market
Technological advancement is the key trend gaining popularity in the electrical and electronic materials market. Major companies operating in the electrical and electronic materials market are focusing on developing new technologies to sustain their position in the market. For instance, in December 2022, DuPont, a US-based chemical company, launched CYCLOTENE DF6000 PID dry film material. It is a brand-new dry film material that is photo-imageable (PID) and suitable for use in sophisticated semiconductor packaging. The wide photolithography latitude of the CYCLOTENE DF6000 PID dry film material makes it appropriate for extremely complicated circuit layouts. In order to satisfy the expanding demands of high-frequency data transmission applications, it offers signal integrity over a wide frequency range, including 5G frequencies, and has high thermal stability.

The electrical and electronics materials market covered in this report is segmented -

1) By Product: Silicon Wafer, PCB Laminate, Photoresist, Other Products
2) By Voltage: Low Voltage, Medium Voltage, High Voltage
3) By Application: Semiconductors and Integrated Circuits (IC), Printed Circuit Boards (PCB), Other Applications

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Major companies operating in the electrical and electronics materials market report are 3M Company, E.I. du Pont de Nemours and Company, Nitto Denko Corporation, Illinois Tool Works Inc., KREMPEL GmbH & Co. KG, Elantas GmbH, Dow Inc., CMC Materials Inc., KMG Chemicals Inc., Von Roll Holding AG, Kanto Chemical Co. Inc., Showa Denko Materials Co. Ltd., Weidmann Holding AG, BASF SE, Honeywell International Inc., Air Products and Chemicals Inc., Shin-Etsu Chemical Co. Ltd., AZ Electronic Materials S.A., Cabot Microelectronics Corporation, Hitachi Chemicals Co. Ltd., JSR Corporation, Sumitomo Chemical Group Corporation, Tokyo Ohka Kogyo Co. Ltd., Mitsubishi Chemical Corporation, Samsung Electronics Co. Ltd., Siemens AG, LG Electronics Inc., Taiwan Semiconductor Manufacturing Company Limited, Panasonic Corporation, Thermo Fisher Scientific Inc., Haier Smart Home Co. Ltd., Schneider Electric SE, SK Hynix Inc., Intel Corporation, Agilent Technologies Inc., Texas Instruments Incorporated, Analog Devices Inc. .

Contents of the report:
1. Executive Summary
2. Electrical And Electronics Materials Market Report Structure
3. Electrical And Electronics Materials Market Trends And Strategies
4. Electrical And Electronics Materials Market - Macro Economic Scenario
5. Electrical And Electronics Materials Market Size And Growth
…..
27. Electrical And Electronics Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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