Electronic Chemicals and Materials Market Report 2025

The electronic chemicals and materials market size has grown strongly in recent years. It will grow from $74.88 billion in 2024 to $81.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to consumer electronics demand, semiconductor industry growth, miniaturization, environmental regulations.

The electronic chemicals and materials market size is expected to see rapid growth in the next few years. It will grow to $124.29 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to 5g technology adoption, growth of iot devices and sensors, increasing adoption of evs, flexible and foldable displays, quantum computing. Major trends in the forecast period include advanced packaging solutions, low-k dielectrics, nanomaterials, high-performance polymers, bio-based electronics.

The growing preference for connected devices and smart technologies is anticipated to drive the expansion of the electronic chemicals and materials market in the future. Connected devices are physical objects linked to other devices or systems through the internet. Electronic chemicals and materials play a crucial role in these connected devices and smart technologies, as they are often used as essential components such as memories, displays, and LEDs in various products, including mobile phones, computers, laptops, tablets, GPS devices, LED bulbs, TVs, and monitors. For example, in April 2022, the Times of India reported that the number of connected devices in India surged from 200 million in 2019 to 2.0 billion in 2021. This growth has been further driven by the increasing number of internet users in the country. Therefore, the rising demand for connected devices and smart technologies is propelling 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.

Major companies in the electronic chemicals and materials market are concentrating on developing innovative solutions, such as electronic-grade solvents, to address the rising demand for advanced semiconductor manufacturing and other high-tech applications. Electronic-grade solvents are high-purity chemical solvents specifically designed for the production of electronic components, particularly semiconductors, printed circuit boards (PCBs), and other microelectronic devices. For example, in August 2024, Eastman Chemical Company, a US-based firm primarily engaged in the chemical industry, introduced a new electronic-grade solvent, EastaPure Isopropyl Alcohol (IPA), which is a high-purity solvent for semiconductor production. It is particularly effective for tasks like cleaning wafers and removing impurities that require rapid drying and dewatering. Its short drying time and excellent compatibility with polar resins make it ideal for electronic chemical cleansers and photoresist solvents.

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 2022, DuPont, a Delaware-based manufacturer of chemicals and science-based products, acquired Laird Performance Materials for an undisclosed sum. This acquisition is anticipated to bolster DuPont's position in the electronics and industrial sectors. Laird Performance Materials is a US-based company specializing in the production of electronic chemicals.

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.

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.

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 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.

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