Electronic Materials And Chemicals Market To Reach $106.11 Billion By 2030

Electronic Materials And Chemicals Market Growth & Trends

The global electronic materials and chemicals market size is expected to reach USD 106.11 billion by 2030, expanding at a CAGR of 6.2% from 2024 to 2030, as per the new report by Grand View Research, Inc. Electronic materials & chemicals are an essential part of the electronic device manufacturing process. Increasing technological advancements in manufacturing electronic products owing to rising consumer demand for high-tech goods are expected to propel the product demand over the forecast period.

The consumer electronics segment is anticipated to drive market growth owing to significant demand from emerging economies including India, Indonesia, and Vietnam. China is the largest manufacturer of consumer electronics and is a major consumer of semiconductors and PCB. This trend is expected to continue over the forecast owing to the growing emergence of low-cost manufacturers in the country.

Rising R&D initiatives employed by manufacturers to develop advanced electronic materials which provide superior performance is expected to be a key factor driving growth over the forecast period. Rising demand for electronic equipment with lower energy consumption is likely to boost demand for use of new electronic Electronics such as organic and compound semiconductors. R&D related to the synthesis of bio-based and biodegradable materials and chemicals for the electronics industry is expected to drive the market’s growth.

The industry is characterized by the presence of numerous players with a strong foothold in the market. Fluctuating raw material prices and high competition is expected to pose a challenge for the industry players. Manufacturers are likely to establish production plants in the Asia Pacific to capitalize on high demand, low labor cost, land availability, and abundant raw material availability in the region.

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Electronic Materials And Chemicals Market Report Highlights

• Based on product, the gas segment in the electronic materials and chemicals market is projected to grow at the fastest CAGR of 6.9% over the forecast period, owing to the rising application scope of the product in semiconductor and PCB manufacturing. Adoption of newer technologies for manufacturing electronic equipment such as atomic layer deposition (ALD) and chemical vapor deposition process on the chips are likely to open new avenues for growth over the next eight years

• The silicon wafers segment dominated the market with the highest revenue share in 2023. The product is an essential part of semiconductors and integrated circuits. Furthermore, the rising demand for thin silicon wafers in manufacturing solar cells is expected to be a key factor driving the industry’s growth

• Semiconductors and integrated circuits dominated the end-use segment in 2023. Growing demand for consumer products such as smartphones, computers, video recorders, and television sets is expected to boost the segment’s growth

• Asia Pacific dominated the electronic materials & chemicals industry in 2023, accounting for over 66.4% of the revenue share. Rapid industrialization coupled with increasing urbanization and rising spending consumer capacities in the region is likely to boost demand for consumer goods, which in turn is expected to drive the growth. Furthermore, increasing demand for smartphones, wearable electronics gadgets, and tablets especially among the young population is expected to be the key factor driving growth

Electronic Materials And Chemicals Market Segmentation

Grand View Research has segmented the global electronic materials and chemicals market report based on product, application, end use, and region. 

Electronic Chemicals & Materials Market Type Product (Revenue, USD Million, 2018 - 2030)

• Solid

• Liquid

• Gas

Electronic Chemicals & Materials Market Application Outlook (Revenue, USD Million, 2018 - 2030)

• Silicon wafers

• PCB Laminates

• Specialty gases

• Wet chemicals and solvents

• Photoresists

• Others

Electronic Chemicals & Materials Market End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Semiconductors & Integrated Circuits

• Printed Circuit Boards

Electronic Chemicals & Materials Market Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East and Africa (MEA)

List of Key Players of Electronic Materials And Chemicals Market

• Air Products & Chemicals Inc.

• Bayer AG

• Albemarle Corporation

• Ashland

• BASF SE

• Air Liquide Electronics

• Merck KGaA

• Honeywell International Inc.

• Cabot Corporation.

• Linde PLC

• Dow

• Hitachi, Ltd.

• Sumitomo Chemical Co., Ltd.

• Monsanto Electronic Materials Co.

• Brewer Science, Inc.

• Drex-Chem Technologies

• EKC Technology

• FUJIFILM Holdings America Corporation

• HD Microsystems. Ltd.

• High Purity Products

• JSR Micro

• KANTO KAGAKU.

• Moses Lake Industries, Inc.

• Nabelin Co., Ltd.

• ROHM Co., Ltd.

• TOKYO OHKA KOGYO CO., LTD.

• SANKEIKAGAKU Co., Ltd.