Demand of PCBs for Electronic Devices Driving the Market
Most of the electronics products manufactured contains printed circuit boards (PCBs). High-quality PCB manufacturing technology has allowed the electronics products manufacturers to produce smaller and more complex products. The manufacturing of the PCBs is normally done using a chemical etching process. In 2016, printed circuit board production was valued at USD 58.2 billion globally. The manufacturing of PCBs in India is likely to grow in the coming years with increasing investments and government support to boost production, which is likely to drive the electronic chemicals market.
Integrated Circuits Application Dominated the Market
In 2017, integrated circuits application dominated the electronic chemicals market, accounted for almost half of the market share. ICs are widely used in the manufacturing of semiconductor, which are gaining momentum in wearable electronics, such as personal medical monitoring devices. The global sales of semiconductors was valued at USD 31.3 billion in April 2017, more than 21% in comparison to that in April 2016, majorly driven by the tremendous growth in memory market. The electronic chemicals market for the integrated circuits application is likely to be further driven by the increased connectivity of devices and systems, which demands the use of sensors, and other semiconductor devices.
Mass Production of Electronic Devices Making Asia-Pacific the Dominant Market
In 2017, APAC dominated the electronic chemicals market and accounted for more than half of the total market share. The mass production of electronics devices in China and India is responsible for the high demand of electronic chemicals in the region. More than half of the global PCB based on value is produced in China. The leading producers of PCBs are the Taiwanese companies including Unimicron, Zhen ding Technology and Tripod. Moreover, the Chinese government is aiming to raise up to USD 31.5 billion to invest in domestic chip companies to build a world-class semiconductor industry, which is likely to propel the electronic chemicals market growth.
In November 2017, BASF started operations at a new electronic materials production plant in South Korea to produce ultra-pure NH4OH (electronic-grade ammonia water) used in the semiconductor and display manufacturing processes. The production plant is also expanding the production of advanced mixtures for cleaning and etching solutions.
Major Players: Eastman Chemical Company, BASF SE, Huntsman Corporation, Honeywell International Inc. and Air Products and Chemicals, Inc., among others.
Reason to Purchase this Report
- To understand the impact of various product type on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating application and product type in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
This report can be customized to meet your requirements. Please contact us for more information.
Note: This is an On Demand product, please allow 3-5 working days for delivery after order is placed.
1.1 Scope of the Report
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
4. Market Dynamics
4.1.1 Increasing Demand of Printed Circuit Boards for Electronic Devices
4.1.2 Rising Demand for ICs from Smartphones Industry
4.2.1 Hazardous Releases to the Environment from Semiconductor Manufacturing Facilities
4.2.2 Other Restraints
4.3.1 Increasing Usage of Organic Semiconductors
5. Market Segmentation and Analysis - (Market size, Growth and forecast)
5.1 By Product Type
5.1.1 Atmospheric and Specialty Gases
5.1.2 Photoresist Chemicals
5.1.3 Wet Chemicals and Solvents
5.2 By Application
5.2.1 Integrated Circuits (ICs) and Semiconductor
5.2.2 Flat Panel Displays & Light Emitting Diodes (LEDs)
5.2.3 Photovoltaic (PV)
5.2.4 Printed Circuit Boards (PCBs)
5.2.5 Others (including Optoelectronics, etc.)
6. Regional Market Analysis (Market size, growth and forecast)
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN Countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
8.1 KMG Chemicals
8.2 Honeywell International Inc.
8.3 Eastman Chemical Company
8.4 Transene Company, Inc.
8.5 Heraeus Group
8.6 Air Liquide
8.7 Air Products and Chemicals, Inc.
8.8 BASF SE
8.9 Huntsman Corporation
8.10 Linde AG
8.12 NAGASE & CO., LTD.
8.13 Praxair Technology, Inc.
*List not exhaustive
**Subject to availability of public domain
- KMG Chemicals
- Honeywell International Inc.
- Eastman Chemical Company
- Transene Company Inc.
- Heraeus Group
- Air Liquide
- Air Products and Chemicals Inc.
- BASF SE
- Huntsman Corporation
- Linde AG
- NAGASE & CO. Ltd.
- Praxair Technology Inc.