Global Electronic Chemicals And Materials Market Projected to Grow at 11.1% CAGR, Reaching $124.29 Billion by 2029

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What Will the Electronic Chemicals And Materials Industry Market Size Be by 2025?
There has been significant expansion in the size of the electronic chemicals and materials market in recent years. It is expected to increase from $74.88 billion in 2024 to $81.69 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The previous growth can be credited to factors such as the demand for consumer electronics, growth of the semiconductor industry, miniaturization, and environmental regulations.

What's the Long-Term Growth Forecast for the Electronic Chemicals And Materials Market Size Through 2029?
In the coming years, the electronic chemicals and materials market is projected to experience a swift expansion. The market is expected to reach $124.29 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 11.1%. The forecasted growth for this period can be credited to factors such as the adoption of 5G technology, the development of IoT devices and sensors, an increase in the adoption of EVs, and advancements in flexible and foldable displays as well as quantum computing. Advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, and bio-based electronics are set to be the main trends during this forecast period.

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What Are the Key Growth Drivers Fueling the Electronic Chemicals And Materials Market Expansion?
The surge in preference for linked gadgets and intelligent systems is anticipated to fuel the electronic chemicals and materials market's expansion in the future. Linked gadgets denote any tangible items that are attached to other gadgets or systems via the internet. Electronic chemicals and materials assist linked gadgets and intelligent systems by typically acting as central components like memories, displays, and LEDs in a plethora of linked gadgets and intelligent systems such as mobiles, PCs, laptops, tablets, GPS devices, LED bulbs, televisions, and monitors. For instance, as per a report by the Times of India in April 2022, the count of linked gadgets in India was 200 million in 2019, which surged to 2,000 million in 2021. This surge is additionally boosted by the rising number of internet users in India. Thus, the surge in preference for linked gadgets and intelligent systems is propelling the electronic chemicals and materials market's growth.

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What Are the Key Trends Driving Electronic Chemicals And Materials Market Growth?
Key businesses in the electronic chemicals and materials sector are concentrating on creating cutting-edge solutions such as electronic-grade solvents to cater to increasing needs for high-tech semiconductor manufacturing and other sophisticated applications. Electronic-grade solvents are precision-crafted, high-purity chemical solvents intended for use in producing electronic components like semiconductors, printed circuit boards (PCBs), and other microelectronic devices. For example, Eastman Chemical Company, a US firm primarily engaged in the chemical industry, debuted its new electronic-grade solvent, EastaPure Isopropyl Alcohol (IPA), in August 2024. This high-purity solvent is specifically tailored for semiconductor manufacturing. It is particularly effective in cleansing wafers and eliminating impurities that necessitate fast drying and dewatering. Due to its quick evaporation time and strong compatibility with polar resins, it is an ideal choice for electronic chemical cleansers and photoresist solvents.

How Is the Electronic Chemicals And Materials Market Segmented?
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

Subsegments:
1) By Wafers: Silicon Wafers, Compound Semiconductor Wafers, Wafer Backing Materials
2) By Atmospheric and Specialty Gases: Ultra-High-Purity (UHP) Gases, Specialty Gases, Process Gases
3) By Ancillary and Photoresist Chemicals: Photoresists, Developers and Strippers, Cleaning Solutions
4) By CMP Slurries and Pads: Chemical Mechanical Planarization (CMP) Slurries, CMP Pads
5) By Other Products: Dielectric Materials, Conductive Materials, Packaging Materials, Electronic Grade Solvents

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Which Companies Are Leading the Charge in Electronic Chemicals And Materials Market Innovation?
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, 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, Atotech, Materion Corporation, Cabot Corporation

Which Regions Are Leading the Global Electronic Chemicals And Materials Market in Revenue?
Asia-Pacific was the largest region in the electronic chemicals and materials market in 2024. North America is expected to be the fastest-growing region in the electronic chemicals and materials market during the forecast period. The regions covered in the electronic chemicals and materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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