Electronic Chemicals and Materials Market Size Worth $99.63 Billion By 2032 | CAGR: 6.2%

The global electronic chemicals and materials market size is expected to reach USD 99.63 billion by 2032, according to a new study by Polaris Market Research. The report “Electronic Chemicals and Materials Market Share, Size, Trends, Industry Analysis Report, By Product (Liquid, Gaseous, Solid); By Application; By End-use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Market growth is attributed to the increasing consumption of electronic goods. The rising utility of electronic vehicles in transportation activities is optimally influencing the demand for semiconductors. As per the Semiconductor Industry Association (SIA), the sale of semiconductor chips across the world rose by nearly 2.9% in October 2023, compared to previous September 2023.

Moreover, the rise in disposable income among the global population is driving the consumption of consumer electronics, significantly necessitating the need for integrated circuits. As per the Credit Rating Information Services of India Limited (CRISIL), India witnessed a rise in consumption in the electronic segment by 13 to 27% in FY-24. This transition towards sustainable electronic instruments will necessities the need for the sustainable chemicals.

Increasing government support for research and innovation activities on electronic chemicals and materials is creating a suitable environment for innovations. For instance, in March 2024, the Union Ministry of State for Electronics unveiled its plan to set up the Bharat Semiconductor Research Centre in Tamil Nadu, while in March 2023, the Ministry of Electronics and Information Technology launched the Advanced Electronics Materials Laboratory in Kerala, India.

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Strategic expansion activities among the companies are expected to facilitate significant opportunities. For instance, in October 2023, Entegris announced the sale of its electronic chemical business to Fujifilm Corporation for USD 700Mn. Moreover, a significant surge in research studies exploring the various applications of electronic materials is likely to create a need for them. For instance, in March 2023, Panasonic Group introduced new electronic materials catering to space activities.

Electronic Chemicals and Materials Market Report Highlights

• Solid segment is anticipated to witness the highest growth in the coming years due to growing demand for laptops, smartphones, and televisions.
• Silicon wafers segment accounted for the largest market share owing to the increasing demand for effective semiconductors in electronic gadgets.
• Semiconductors segment is projected to experience a larger revenue share due to the increasing demand for electric and advanced driving assistance systems.
• North America is projected to register the fastest growth during the forecast period, attributable to the presence of major electronic goods manufacturers.
• The global players include Air Liquide, Air Products & Chemicals, BASF, Covestro, FUJIFILM Corporation, Linde Plc, & Merck Group.

Polaris Market Research has segmented the electronic chemicals and materials market report based on product, application, end-use, and region:

Electronic Chemicals and Materials, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Liquid
• Gaseous
• Solid

Electronic Chemicals and Materials, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Silicon Wafers
• PCB Laminates
• Speciality Gases
• Wet Chemicals
• Photoresist Chemicals
• Others

Electronic Chemicals and Materials, End-use Outlook (Revenue - USD Billion, 2019 - 2032)

• Semiconductors
• Integrated Circuits
• Printed Circuit Boards
• Others

Electronic Chemicals and Materials, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Electronic Chemicals and Materials Market Report Scope