Global Electronic Chemicals Market Overview:
Electronic chemicals are high-purity chemicals and materials used in cleaning, etching, polishing, doping, and many process steps in the manufacture of electronic components and products on silicon wafers and integrated circuits for packaging and printed circuit boards. Growing demand for these specialty chemicals and growing demand for the miniaturization of electronic chemicals are also expected to boost the growth of the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Commercialization of Nano-Based Technology has Increased Demand for Photoresist and Related Products
Market Growth Drivers:
Increasing Demand from Photovoltaic, Integrated Circuits, LED Bulbs, and Pcbs for Electronic Gadgets Such As Mobiles, Laptops, Computers, Tablets, Etc. and Increasing Demand for Technological Advancements Highly Influences the Production of Semiconductors in the Electronic Industry
Challenges:
High Capital Expenses for New Industrial Setup and R&D
Restraints:
High Cost of Operation and Complex Regulation and Stringent Government Rules and Regulations on Manufacturing of Electronic Chemicals
Opportunities:
Increasing Demand for Technological Advancement of 3D Bio Printing, Digitalization, and Automation in Electronic Chemicals
Competitive Landscape:
Electronic Chemicals is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Songwon Industrials (South Korea), BASF AG (Germany), Honeywell (United States), Linde Plc. (Ireland), Air Products and Chemicals (United States), Cabot Microelectronics (United States), Hitachi Chemical (Japan), Air Liquide (France), Solvay A.G. (Belgium), Shin-Etsu (Japan) and Covestro (France). Considering Market by Types, the sub-segment i.e. Wet Chemicals will boost the Electronic Chemicals market.
Latest Market Insights:
In April 2022, Air Products acquired Air Liquide's industrial gases business in the UAE, including liquid bulk, packaging gases, and specialty gases. Air Liquide holds a majority stake in MECD, which owns and operates a liquid CO2 production facility in Bahrain. This acquisition builds on our good years of experience working and servicing clients in the Middle East and supports our growth strategy for the region.
In March 2022, SONGWON Industrial Co., Ltd. announced that the construction of a new electronic chemical product production line nearing completion. Located at SONGWON's Maeam plant in Ulsan, South Korea, SONGWON is well-positioned to respond to the rapidly growing demand for semiconductors by investing in its electronic chemical production line and expanding production capacity.
What Can be Explored with the Electronic Chemicals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electronic Chemicals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electronic Chemicals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electronic Chemicals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electronic Chemicals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electronic Chemical Manufacturers, Government Bodies, Regulatory Authorities, Research and Development Institutes, Market Research & Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.