According to the recent study the electronic chemical and material market is projected to reach an estimated $76.4 billion by 2028 from $60.5 billion in 2023, at a CAGR of 4.8% from 2023 to 2028. Growth in this market is primarily driven by growing demand from the microelectronics and semiconductor industries along with rising trend of nanotechnology in MEMS and NEMS devices globally.
A more than 150-page report is developed to Understand trends, opportunities and forecast in electronic chemical and material market by type (specialty gas, CMP slurries, conductive polymers, photoresist chemicals, low K dielectrics, wet chemicals, silicon wafers, and PCB laminates), application (semiconductor [integrated circuits and printed circuit boards] and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
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“Silicon wafers market is expected to remain the largest segment during the forecast period.”
Based on type, the electronic chemical and material market is segmented into specialty gas, CMP slurries, conductive polymers, photoresist chemicals, low K dielectrics, wet chemicals, silicon wafers, and PCB laminates. Lucintel forecasts that the silicon wafers market is expected to remain the largest segment due to high-quality materials, which are required in the manufacturing of semiconductors.
“Within the electronic chemical and material market, the semiconductor segment is expected to remain the largest application”
Based on application the semiconductor segment is expected to witness the highest growth over the forecast period due to because growing demand from industrial machines and electric vehicles and increasing adoption of artificial intelligence and IoT across the globe.
“Asia pacific will dominate the electronic chemical and material market in near future”
APAC is expected to witness the highest growth over the forecast period due to rapid industrialization and huge demand for printed circuit boards owing to the development in various industries, such as electronic gaming, consumer goods, telecommunications, and IT.
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Major players of electronic chemical and material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Air Liquide, Honeywell International, Eastman Chemical Company, Transene Company, Heraeus Holding, Air Products, BASF SE, Huntsman International, Linde plc, Cabot Corporation, and Hitachi are among the major electronic chemical and material providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electronic-chemical-and-material-market.aspx or [email protected]