Electronic Chemicals And Materials Global Market Report 2024

Electronic chemicals and materials are high-purity substances employed as the primary components in various electronic applications, ensuring minimal contamination in a range of industrial chemicals.

The main products within the electronic chemicals and materials category include wafers, atmospheric and specialty gases, ancillary and photoresist chemicals, CMP (Chemical Mechanical Planarization) slurries and pads, and other related products. Wafers, specifically, serve as substrates in the semiconductor fabrication process, playing a crucial role in both wafer fabrication and packaging applications. These materials find applications across different end-users, with a particular emphasis on the semiconductor industry and various other sectors.

The electronic chemicals and materials market research report is one of a series of new reports that provides electronic chemicals and materials market statistics, including electronic chemicals and materials industry global market size, regional shares, competitors with electronic chemicals and materials market share, detailed electronic chemicals and materials market segments, market trends and opportunities, and any further data you may need to thrive in the electronic chemicals and materials industry. This electronic chemicals and materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electronic chemicals and materials market size has grown strongly in recent years. It will grow from $68.89 billion in 2023 to $75.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The expansion observed in the historical period can be attributed to several factors, including the demand for consumer electronics, growth in the semiconductor industry, the trend towards miniaturization, and the impact of environmental regulations. These elements collectively contributed to the overall growth observed during that timeframe.

The electronic chemicals and materials market size is expected to see rapid growth in the next few years. It will grow to $110.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period can be attributed to the adoption of 5G technology, the proliferation of IoT devices and sensors, the increasing adoption of electric vehicles (EVs), advancements in flexible and foldable displays, and the development of quantum computing. Noteworthy trends expected in this period include the implementation of advanced packaging solutions, the use of low-k dielectrics, the incorporation of nanomaterials, the utilization of high-performance polymers, and the exploration of bio-based electronics. These trends are poised to significantly impact and contribute to the projected growth and evolution of electronic chemicals and materials in the forecasted period.

The electronic chemicals and materials market is poised for growth due to the increasing demand for connected devices and smart technologies. Connected devices, encompassing mobile phones, computers, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors, rely on electronic chemicals and materials as core elements such as memories, displays, and LEDs. In India, for example, the number of connected devices surged from 200 million in 2019 to 2,000 million in 2021, driven by the rising number of internet users. This inclination towards connected technologies is a significant driver for the electronic chemicals and materials market.

The electronic chemicals and materials market is expected to experience growth fueled by the surging demand for semiconductors. Semiconductors, also known as 'semis' or 'chips,' play a crucial role in electronics as materials with intermediate conductivity properties. Electronic chemicals and materials are integral to the manufacturing and maintenance of semiconductors, involved in processes like cleaning, etching, polishing, doping, and surface modification. In 2022, global semiconductor sector sales reached $574.1 billion, marking the highest-ever yearly total and a 3.3% increase over the previous year. The growing demand for semiconductors is a key driver for the electronic chemicals and materials market.

Technological advancements are a prominent trend in the electronic chemicals and materials market, with major companies focusing on innovation to maintain their market positions. For instance, Prismade, a German technology developer, launched security labels in April 2021. These labels, created with Clevios and transparent printed electronics using PrismaID technology, offer a next-generation approach to document authentication and security. The PrismaID technology, accessible on smartphones, provides a secure and interactive authentication method, showcasing ongoing advancements in the electronic chemicals and materials market.

Key players in the electronic chemicals and materials market are strategically collaborating to enhance their offerings and better serve their existing customer base. An example of such collaboration is Celanese Corporation's partnership with nScrypt Inc., announced in May 2023. Celanese Corporation, a US-based specialty materials and technology company, aims to advance the field of printed electronics by leveraging its Micromax Electronic Inks and Pastes in collaboration with nScrypt Inc. This collaboration is intended to bring innovative solutions and enhance the capabilities of electronic inks and pastes. By combining Celanese's extensive product portfolio with nScrypt's high-precision Factory in a Tool (FiT) series of production equipment, the partnership aims to provide breakthrough solutions in the printed electronics sector. nScrypt Inc., a US-based manufacturer specializing in micro-dispensing and 3D printing systems, will contribute its expertise to the collaboration.

In July 2021, DuPont, a Delaware-based company specializing in chemicals and science-based products, made a strategic acquisition by purchasing Laird Performance Materials for an undisclosed amount. This acquisition is anticipated to bolster DuPont's position in the electronics and industrial segments. Laird Performance Materials, based in the US, is recognized for its expertise in manufacturing electronic chemicals. This move reflects DuPont's commitment to enhancing its capabilities and expanding its presence in key markets through strategic acquisitions.

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, Hitachi Chemical Co Ltd., 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, Henkel Adhesive Technologies, Atotech, Henkel Electronics, Materion Corporation, Cabot Corporation

Asia-Pacific was the largest region in the electronic chemicals and materials market in 2023. 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 electronic chemicals and materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electronic chemicals and materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The electronic chemicals and materials market consists of sales of conductive polymers, low K dielectrics and wet chemicals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.