Electronic Chemicals and Materials Market Report and Forecast 2024-2032

According to the report, the global electronic chemicals and materials market size reached a value of USD 59.50 billion in 2023. Aided by the rapid advancements in electronics technology and the continuous expansion of the semiconductor sector, the market is projected to further grow at a CAGR of 5.4% between 2024 and 2032 to reach a value of USD 95.79 billion by 2032.

Electronic chemicals and materials are pivotal in the fabrication of electronic components; they are used in various applications including semiconductor manufacturing, integrated circuits (ICs), and printed circuit boards (PCBs). These materials are essential for processes such as etching, lithography, and wafer cleaning, playing a critical role in the production of electronics.

As consumer electronics, industrial automation, and automotive electronics continue to evolve, the demand for more sophisticated semiconductor chips increases. This trend necessitates the use of high-purity electronic chemicals and advanced materials that can meet the stringent requirements of modern semiconductor fabrication, consequently driving up the electronic chemicals and materials market share.

The semiconductor sector’s expansion is intrinsically linked to the consumer electronics market, where products are increasingly integrated with advanced functionalities, requiring more sophisticated chips. These complex chips necessitate high-purity chemicals for fabrication processes like doping and high-resolution patterning, which in turn drives demand for specialised electronic chemicals and materials.

As electronic devices become smaller and more complex, the precision required in the manufacturing processes increases exponentially. This trend towards miniaturisation challenges the industry to innovate in the development of chemicals and materials that can achieve finer details without compromising on performance or yield, especially in the photolithography and etching processes, leading to electronic chemicals and materials market growth.

The ongoing trend towards device miniaturisation and complex architecture elevates the need for precision in the manufacturing process. Electronic chemicals and materials that offer higher efficacy and reliability are crucial to developing smaller and more powerful electronic devices.

Semiconductor and integrated circuits (ICs) hold a substantial portion of the electronic chemicals and materials market share, primarily because of the rising use of electronic chemicals like aluminium and copper for semiconductor etching. These chemicals are also essential in the cleaning process during the fabrication of integrated circuits. Moreover, the increasing need for electronic gadgets such as smartphones, tablets, and laptops drives the expansion of electronic materials like silicon wafers, which are incorporated into their ICs.

These materials are key in the production of flexible electronics, which are becoming more prevalent in applications ranging from flexible displays to wearable devices. Conductive polymers offer significant advantages in terms of weight, flexibility, and the ability to conform to various shapes.

Essential for transferring circuit patterns onto substrates during the photolithography process in semiconductor manufacturing. The development of photoresists that can work with extreme ultraviolet (EUV) light is critical for continuing the trend of miniaturisation in chip manufacturing, leading to electronic chemicals and materials market expansion.

Asia-Pacific dominates the global market, primarily due to the robust semiconductor manufacturing base in countries such as South Korea, Taiwan, Japan, and China. The region benefits from high technological adoption rates and extensive investments in R&D.

As per the electronic chemicals and materials market analysis, North America which is known for its technological prowess and innovative approach to electronics manufacturing, North America continues to be a significant market for electronic chemicals and materials, particularly in the development of novel electronic chemicals.

While Europe’s market is driven by the presence of major automotive manufacturers and advanced industrial machinery sectors, it also sees substantial use of electronic materials in energy-efficient technologies and renewable energy sectors.

Market Segmentation

The market can be divided based on the form, type, application, and region

Market Breakup by Form

• Solid
• Liquid
• Gaseous

Market Breakup by Type

• Silicon Wafers
• PCB Laminates
• Speciality Gases
• Photoresists
• Wet Chemicals
• CMP Slurries
• Low K Dielectric
• Others

Market Breakup by Application

• Semiconductors and Integrated Circuits
• Printed Circuit Boards

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global electronic chemicals and materials market. Some of the major players explored in the report are as follows:

• Honeywell International Inc.
• BASF SE
• Linde Plc
• The Dow Chemical Company
• Solvay S.A.
• FUJIFILM Holdings Corporation
• Air Products and Chemicals, Inc.
• Merck KGaA
• Resonac Holdings Corporation
• Wafer World, Inc.
• Others