Global Electronic Chemicals Market Information by Form (Solid, Liquid and Gaseous), by Applications (Semiconductor & IC, PCB and Others) and By Region - Forecast till 2022

Market Overview:

The market for Electronic Chemical is increasing rapidly at USD 63 billion in 2022 with the CAGR of 6.9% from 2016 to 2022.

Increasing demand for electronic chemical for manufacturing semiconductors, flat panel displays, and others is expected to boost the growth of the market. The main driver of the market is Semiconductor utilized in various consumer electronics namely mobile phones, electronics chips and among many others.

Based on form the market is segmented into solid, liquid and gaseous. Gaseous form of Electronic Chemical is expected grow at the largest CAGR during the forecasted period. Consumption of gases used in semi-conductor industry is expected to grow approximately around 5.6% by 2017.

Based on Application:

The market is segmented into semiconductor & IC, PCB and others. Semiconductor segment dominated the market in 2015 and is expected to continue its dominance in the coming years. The demand for electronic material and chemicals for manufacturing PCB was over USD 19.9 million in 2016.

Printed circuit Board (PCB) are key segments of incorporated chip innovation utilized as a part of customer electronic gadgets. Rising application extent of PCBs in car, safeguard and avionic business are probably going to open new opportunity for electronic materials throughout the following forecasted period.

The market is classified and analyzed on the basis of geographical segmentation which includes Americas, Europe, Asia-Pacific, Middle East and Africa. Out of these, Asia-Pacific accounts for the largest share in the electronic chemical market and uses high energy due to industries like electrical & electronics industries. North America is anticipated to grow at a sluggish rate during the forecast period primarily owing to market saturation in several application industries. Moreover, increasing number of environmental regulations is expected to hamper market growth in North America and Europe. Row is anticipated to be the fastest growing region for electronic chemicals market for the forecasted period. High growth in the developing economies of South America and Africa is anticipated to drive demand for electronic chemicals in the Row region.

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Market Highlights:

The global electronic chemicals market has been evaluated to be rapidly growing and is expected to grow tremendously. The global market for IC process chemicals is expected to grow at average annual growth rate approximately 6.5% in 2016. The market of electronic chemicals had an approximately 18.5% drop in the year 2009. With 55% of aggregate chemical consumption semiconductor represented the biggest share in 2016. Utilization of gasses utilized as a part of the semiconductor business is relied upon to develop by around 6% all things considered yearly through 2016. As semiconductor many-sided quality expands, the quantity of process steps and number of layers develop as gas-stage carving and cleaning uproot some wet procedures. Around 55% of aggregate utilization by esteem was represented by air gasses (mass and barrel); the remaining 43% included the specialty gases silane and its derivatives, dopants and etchants, cleaners and reactants. The global gas market for the semiconductor industry is dominated by Air Liquide, Air Products, Linde Nippon Sanso and Praxair. A variety of other companies are niche players and supply gas specialties (fluorinated compounds, dopants, and low- and high-k dielectric precursors).

Development in the utilization of IC process chemicals is driven by increase in introduced fab capacity—which has drastically increased in the course of recent years, with the main part of the new limit at the 45–180 nm nodes—and processed silicon wafer surface zone, and in-addition by more costly chemicals consumed by the new innovation nodes. Expanded innovation productivity gave by the semiconductor hardware industry is prompting to lower material use per silicon wafer surface zone, while in the meantime well-demonstrated and develop product offerings from photoresists, wet process chemicals, environmental gasses, CMP slurries and sputtering targets encounter serious value weights.

Regional Analysis:

Asia Pacific region is expected to maintain its dominance in the global market of electronic chemical. Emerging markets of China, South-Korea, Japan and India are expected to boost the Asia Pacific electronic chemical market. Other emerging markets are ROW. Asia Pacific has the largest market share of global electronic chemical, followed by Europe and other parts of the world.

The largest market of electronic chemicals is in Asia-Pacific owing to the growth of electrical, automobile industry. Rapid industrialization in countries like China, India and Mexico contribute further in the growth of this market. The demand for electronic chemicals in North America is anticipated to grow at a sluggish rate during the forecast period primarily owing to market saturation in several application industries. Moreover, increasing number of environmental regulations is expected to hamper market growth in North America and Europe. Row is anticipated to be the fastest growing region for electronic chemicals market for the forecasted period. High growth in the developing economies of South America and Africa is anticipated to drive demand for electronic chemicals in the Row region.

Global Electronic chemical s Market Players:

Albemarle Corporation,
BASF SE,
Air Products and Chemicals Inc,
Ashland Inc.,
The Dow Chemical Company,
Covestro AG,
The Linde Group,
Cabot Microelectronics,
AZ Electronic Materials,
Huntsman Corporation.

Segmentation:

The global electronic chemical s market is majorly segmented on the basis of form and by applications. Based on form the market is segmented into Solid, Liquid and Gaseous. Further on the basis of applications the market is classified into semiconductor & IC, PCB and others.

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