This market research study presents a detailed segmentation of the global electronic chemicals and materials market by application (IC manufacturing, PCB manufacturing, and semiconductor packaging), by product (wafers, atmospheric and specialty gases, ancillary chemicals and photoresist chemicals, and CMP slurries and pads), and by geography (APAC, Europe, North America, and ROW). The key vendors in the market are Air Products and Chemicals, BASF, DOW Chemical, Honeywell, and Huntsman.
Technavio has released a new market research report on the global electronic chemicals and materials market, which is expected to grow at a CAGR of 5% between 2016 and 2020. Rise in demand for consumer electronics is driving the market for electronic chemicals and materials market. These chemicals are required for the manufacture of electronic products and components in ICs and silicon wafers, production of compound optoelectronics, and manufacture of flat panel displays. APAC accounts for 67% of the overall market owing to the mass production of electronic devices in China.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is expected to witness the entry of new vendors in the coming years. The rapid growth of this market will attract new players, most of which are established players in the manufacture of core components for electronic devices. These vendors are expected to develop and introduce advanced chemicals and materials with latest technologies. Moreover, the manufacturers are making huge investments in the R&D of new products and are exploring new application areas for the existing products. Many products such as photoresists and k-dielectrics are gaining popularity in the market,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
Vendors in the market are developing strategies to meet the growing demand for advances in electronics. The recent advances in technology and the enhancements of existing equipment used in the production of chemicals and materials have increased the quality and performance of consumer electronics. The manufacturers are focusing on new applications for polymers for electrical and electronic applications.
The leading vendors in the global electronic chemicals and materials market include Air Products and Chemicals, BASF, DOW Chemical, Honeywell, and Huntsman. The market is highly fragmented owing to the presence of many vendors. The market is characterized by the presence of several well-established global, regional, and local suppliers. The competition in the market is expected to intensify due to the expansion of product portfolios and technological advances, and further with the increase in M&As.
A more detailed analysis is available in the Technavio report, Global Electronic Chemicals and Materials Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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