Global Electronic Chemicals and Materials Market - Forecasts from 2020 to 2025

The global electronic chemicals and materials market is projected to grow at a CAGR of 6.63% to reach US$76.220 billion by 2025, from US$51.855 billion in 2019. There are a variety of chemicals and materials that are used for processes and packing of products and components like silicon wafers, printed circuit boards, integrated circuits, semiconductors in the electronics industry and are referred to as electronic chemicals and materials. There are different chemicals used in the electronics industry during and after the manufacture of electronic components for different devices. Some of these chemicals used for the manufacturing of silicon wafers include hydrochloric acid, ammonium chloride, and ammonia. Herein, hydrogen chloride is used to remove any impurities and ammonium chloride is used for production polysilicon crystals.

Photoresistors can also be applied on top of silicon wafers to give them the ability to facilitate the process of photolithography. For the manufacturing of semiconductors different chemicals like ammonium hydroxide, isopropyl alcohol, nitric acid, phosphoric acid and sulphuric acid among others. Rising disposable income has led to increasing demand for consumer electronics such as entertainment devices, mobile phones, laptops, which is boosting the demand of these chemicals and materials. Moreover, stringent requirement for the purity of processing chemicals used for fabricating integrated circuits, silicon wafers and IC’s will become complex with advanced circuits being developed, which is the direct result of devices getting more technologically advanced will also bolster the market growth further.

Furthermore, the increasing investments, acquisitions, and participation of market players is augmenting the demand for these chemicals. For instance, recently, in 2019, Samsung announced the launch of its latest TV called “The Wall” which uses the micro-LED technology and up to 8k resolution. This TV is modular and flexible and can be made into any sizes and designs.

Institute of Electrical and Electronics Engineers (IEEE), the world's largest professional society, has many initiatives to advance the state of the art of consumer electronics. IEEE has a dedicated society of thousands of professionals to promote CE, called the Consumer Electronics Society (CESoc). IEEE has multiple periodicals and international conferences to promote Consumer Electronics and encourage collaborative research and development in consumer electronics.

The electronic chemicals and materials market has been segmented based on type, application, and geography. By type, the market has been segmented as gases, wet chemicals, silicon wafer, and others. By application, the market has been segmented into semiconductor and IC, photovoltaic, displays and others.

Silicon wafers to hold a dominant market share

Silicon wafers are silicon crystal, which has been cut into thin slices. The silicon wafers are mostly used in the fabrication and manufacturing of Integrated Circuits (IC’s) and other microelectronics based devices. By type, the silicon wafer segment is estimated to hold a significant market share which can be attributed to the benefits and its usage across wide range of components.

Semiconductor and IC, Displays to hold a significant share

By application, semiconductor and IC segment are expected to hold a significant market share due to increasing consumer electronics and smart devices making the use of these components, Also, displays segment will show market potential due the technological advancements.

Asia Pacific and North America will account for major demand for these chemicals

By geography, Asia Pacific and North America regions are expected to hold a significant market share, which is attributed to the well-developed and high output electronics industry in countries like China in the Asia Pacific region. Whereas, the US has a well-established chemical industry in the North American region.

Some of the players mentioned a part of this report are BASF SE, 3M, and Merck KGaA.

Segmentation

By Type

• Gases
• Wet Chemicals
• Silicon Wafer
• Others

By Application

• Semiconductor and IC
• Photovoltaic
• Displays
• Others

By Geography

North America

• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others

Europe

• Germany
• France
• United Kingdom
• Spain
• Others

Middle East and Africa

• Saudi Arabia
• Israel
• UAE
• Others

Asia Pacific

• China
• Japan
• South Korea
• India
• Others