Electronic Chemicals And Materials Industry to See Robust Expansion, Valued at $120.7 Billion by 2029

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What Is the Projected CAGR for the Electronic Chemicals And Materials Market from 2024 to 2025?
In recent times, there has been a significant expansion in the market size of electronic chemicals and materials. The market value is projected to increase from $74.88 billion in 2024 to $80.47 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.5%. The historic period's growth is largely due to factors such as demand for consumer electronics, the expansion of the semiconductor industry, miniaturization, and environmental regulations.

What are the Expected Market Size and CAGR for Electronic Chemicals And Materials by 2029?
The market for electronic chemicals and materials is predicted to accelerate its expansion in the coming years, reaching a substantial $120.7 billion in 2029. This acceleration calculates to a 10.7% compound annual growth rate (CAGR). This remarkable progress during the forecasted period can be owed to factors like the embrace of 5G technology, the proliferation of IoT devices and sensors, an increase in EV adoption, the development of flexible and foldable displays, and advancements in quantum computing. Looking into the forecast period, sophisticated packaging solutions, low-k dielectrics, nanomaterials, ultra-high-performance polymers, and bio-based electronics are expected to set trends in the industry.

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Which Factors Are Driving the Global Electronic Chemicals And Materials Market Expansion?
The increasing preference for smart technologies and interconnected gadgets is likely to spur the expansion of the electronic chemicals and materials sector. These are physical devices or systems interconnected through the internet. Electronic chemicals and materials facilitate these connections since they are generally utilized as primary components like memories, displays, and LEDs in an array of interconnected devices and smart technologies. This includes mobiles, computers, laptops, tablets, GPS gadgets, LED lights, TVs, and monitors. For example, Times of India reported in April 2022 that the number of interconnected devices in India escalated from 200 million in 2019 to 2,000 million in 2021. This increase can be attributed to the growing number of internet subscribers in India. As such, the increased preference for interconnected devices and smart technologies is stimulating the development of the electronic chemicals and materials industry.

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Which Segment Currently Holds the Largest Share of the Electronic Chemicals And Materials Market?
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

Which Major Trends Are Shaping the Future of the Electronic Chemicals And Materials Industry?
Key players in the electronic chemicals and materials market are concentrating on the creation of innovative products, such as electronic-grade solvents, to cater to the expanding needs of state-of-the-art semiconductor production and other sophisticated applications. Electronic-grade solvents are refined, high-purity chemical solvents, designed specifically for application in the fabrication of electronic components, chiefly semiconductors, printed circuit boards (PCBs), among other microelectronic gadgets. In August 2024, for example, Eastman Chemical Company, a chemical industry giant based in the US, unveiled a new electronic-grade solvent named EastaPure Isopropyl Alcohol (IPA), a high-quality solvent for making semiconductors. It has proven exceptionally useful in cleaning wafers and eliminating contaminants that require swift drying and dewatering. Its fast drying duration and high compatibility with polar resins make it an ideal choice for electronic chemical cleaners and photoresist solvents.

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Which Key Players Dominate the Electronic Chemicals And Materials Industry Globally?
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

What Are the Fastest-Growing Regions in the Electronic Chemicals And Materials Market?
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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