[Online Quarterly Update] Electronic Chemicals demand stood at 1.56 Million Tonnes in 2020 and is forecast to reach 2.78 Million Tonnes by 2030, growing at a healthy CAGR of 6.12% until 2030. Electronic Chemicals are used in the automotive and electronic appliance sectors for the manufacturing of chips and integrated circuits, and both the end-user industries are growing rapidly around the world. Furthermore, digital semiconductors, which are used in computers, servers, tablets, mobile phones, and consumer electronics require special Electronic Chemicals for high-end performance and production. As the demand for semiconductors and Printed Circuit boards (PCBs) is increasing with a rise in the use of smartphones and computers across the globe, the demand for Electronic Chemicals is also expanding.
The lockdown imposed across the globe due to COVID-19 generated huge demand for semiconductors and PCBs as smartphone manufacturing companies were rolling out new models and different variants as per geographical and customer buying behavior, which led to propelling demand for Electronic Chemicals . Where the pandemic affected the markets of other industries negatively, the Electronic Chemicals observed exponential growth.
Electronic Chemicals can be divided on the basis of type as Ancillary Chemicals, CMP Slurries & Pads, Wet Deposition, and Gases. Electronic gases possess the largest share in the global Electronic Chemicals market, owing to their use in large volumes. Their common applications include their usage during the production of semiconductors and Integrated Circuits. Different gases are required to produce integrated circuits. The operations include oxidation, deposition, etching, sputtering, and doping. Ancillary chemicals are used for various applications in semiconductor and integrated circuit manufacturing such as cleaning, etching, and photolithography. CMP Slurries & Pads are used to design small-size chips for multiple applications because they serve as a good smoothening agent. Wet Deposition chemicals are majorly used in copper electroplating, as it prevents the base metal from corrosion and other factors.
Semiconductors & IC, PCB are the major end-users of Electronic Chemicals, Semiconductors & IC are holding the major share in the electronic chemical market and are expected to hold the same during the forecast period.
The demand for Electronic Chemicals has recently taken an exponential pace in Asian market as the majority of PCB and semiconductor companies production unit is located in APAC region followed by North America. In the APAC region, South Korea is the leading consumer of Electronic Chemicals followed by Taiwan and Japan.
In North America, Electronic Chemicals has shown a higher growth rate in the past as major semiconductor companies are located in the region. Among North America, the USA is the largest consumer of Electronic Chemicals and exporter of semiconductors to the European and Asian markets. Further, due to the rolling of 5G in Europe, China, South Korea, and other countries, the demand for semiconductors chips has grown. Further developing economies such as India and other countries are also planning to roll out 5G networks in the coming years, which could propel the demand for Electronic Chemicals.
Some of the major players operating in the global Electronic Chemicals market are Air Products and Chemicals, Inc., Linde AG, JSR Corporation, Cabot Microelectronics Corporation, Air Liquide SA, Hitachi Chemical Co. Ltd, DIC Corporation, Dow DuPont, Albemarle Corporation, Solvay S.A., and Others.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
•The primary objective of the study was to evaluate and forecast Electronic Chemicals demand, inventory, and demand–supply gap globally.
•To categorize Electronic Chemicals demand based on type, end use and region.
•To identify and profile major companies operating in the global Electronic Chemicals market.
•To identify major news, deals and expansion plans in the global Electronic Chemicals market.
To extract data for the Global Electronic Chemicals market, primary research surveys were conducted with Electronic Chemicals manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for the Global Electronic Chemicals market over the coming years.
ChemAnalyst calculated Electronic Chemicals demand globally by analyzing the historical data and demand forecast which was carried out considering import and export of Electronic Chemicals . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
•Electronic Chemicals manufacturers and other stakeholders
•Organizations, forums and alliances related to Electronic Chemicals distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Electronic Chemicals manufacturers, end users, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Electronic Chemicals market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
By Type: (Ancillary Chemicals, CMP Slurries & Pads, Wet Deposition and Gases)
By End Use: (Semiconductors & IC, PCB)
By Distribution Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Air Products and Chemicals, Inc., Linde AG, JSR Corporation, Cabot Microelectronics Corporation, Air Liquide SA, Hitachi Chemical Co. Ltd, DIC Corporation, Dow DuPont, Albemarle Corporation, Solvay S.A., and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Member - Board of Directors
Osaka Gas Co. Ltd
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