The scope of our recent study on the "Electronic Chemicals Market Forecast to 2030 -Global Analysis - by Product Type, End Use, and Geography" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The electronic chemicals market size was valued at US$ 46,358.95 million in 2022 and is expected to reach US$ 76,383.14 million by 2030; it is estimated to register a CAGR of 6.4% from 2022 to 2030. The electronic chemicals market is a critical component of the global electronics industry, providing essential materials and solutions for semiconductor manufacturing and electronic device assembly. This market encompasses a wide array of chemicals used in various stages of semiconductor fabrication processes, including cleaning agents, etchants, photoresists, dopants, and deposition materials. These chemicals play a pivotal role in enabling the production of increasingly complex and miniaturized electronic components, such as integrated circuits, microprocessors, memory chips, and sensors. The primary driver of the electronic chemicals market is the relentless demand for smaller, faster, and more powerful electronic devices. As consumer preferences shift toward compact and high-performance gadgets, semiconductor manufacturers are under constant pressure to develop cutting-edge technologies that push the limits of miniaturization and efficiency. This demand has led to a continuous evolution in semiconductor manufacturing processes, with an increasing emphasis on advanced materials and precision engineering. The global electronic chemicals market size is likely to surge by 2030 owing to thegrowing demand of nanotech-based electronic devices.
The growing utilization of electronic chemicals for manufacturing photovoltaics, has been contributing significantly to the electronic chemicals market growth. Electronic chemicals are integral to the photovoltaic (PV) industry, supporting the production of solar cells and panels essential for renewable energy generation. In the manufacturing process of solar cells, a diverse range of chemicals are employed to manipulate the properties of semiconductor materials and ensure the efficiency and reliability of PV devices. One critical application of electronic chemicals in PV is in the fabrication of silicon-based solar cells, which account for a significant portion of the market due to their high efficiency and scalability
Flat-panel displays such as liquid crystal displays, organic light-emitting diode displays, and microLED displays require sophisticated manufacturing processes that rely on electronic chemicals. These chemicals are used for cleaning, patterning, coating, encapsulation, and surface treatment steps to fabricate various layers and components of flat-panel displays. Cleaning agents such as solvents, surfactants, and etchants are used to remove contaminants, particles, and residues from glass substrates and semiconductor layers. The increasing adoption of smartphones, tablets, televisions, digital signage, and automotive displays has fueled the demand for flat-panel displays. The demand for high-definition television and computer monitors with large screen sizes and high resolution is also rising. The automotive industry is integrating flat-panel displays into vehicle dashboards, infotainment systems, instrument clusters, and rear-seat entertainment systems. Automotive displays provide navigation information and connectivity features that cater to consumer preferences for in-car technology. Thus, the rising demand for flat-panel displays contributes to the growing electronic chemicals market size. Additionally, the electronic chemicals market trends include the adoption of nanotechnology in electronic devices.
Fujifilm Holding Corp, Solvay SA, BASF SE, Linde Plc, Honeywell International Inc, Songwon Industrial Co Ltd, Hitachi High-Tech Corp, RBP Chemical Technology Inc, PVS Chemical Solutions Inc, and Esprix Technologies LP are among the prominent players profiled in the electronic chemicals market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The electronic chemicals market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.
The global electronic chemicals market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific held the largest revenue share of the global electronic chemicals market in 2022. The major factor driving the electronic chemicals market in North America is the growing demand of semiconductors.
Global Electronic Chemicals Market Breakdown - by Region
The report includes the segmentation of the global electronic chemicals market as follows:
The market is segmented on the basis of product type and end use. Based on product type, the market is segmented into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment accounts for the largest electronic chemicals market share. Wet chemicals encompass a wide range of solutions and formulations tailored to specific applications, including cleaning, etching, stripping, and surface modification processes. One of the primary uses of wet chemicals is wafer cleaning, where they remove contaminants, residues, and particles from semiconductor surfaces to ensure optimal device performance and reliability. Cleaning solutions may include acids, bases, organic solvents, surfactants, and chelating agents, carefully formulated to target specific contaminants while minimizing damage to sensitive materials. Etching is another essential process facilitated by wet chemicals, whereby materials are selectively removed from semiconductor substrates to create intricate patterns and features. Wet etching solutions typically consist of acids or bases that selectively dissolve certain materials while protecting others through the use of masks or patterning techniques. Wet etching enables the precise definition of device structures, such as transistor gates and interconnects, in semiconductor fabrication.
Based on end use, the market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The semiconductors segment accounts for the largest electronic chemicals market share. Electronic chemicals play a vital role in the semiconductor industry, where their precise application is important for achieving optimal performance and reliability of semiconductor devices. Throughout the fabrication process, a diverse range of chemicals is employed to manipulate the properties of semiconductor materials, primarily silicon. Acids such as hydrochloric acid (HCl) and nitric acid (HNO3) are utilized for cleaning and etching silicon wafers, ensuring the removal of impurities and uniform surface preparation. Dopants such as boron, phosphorus, and arsenic are introduced into the silicon lattice to modify its electrical conductivity, which is crucial for controlling the behavior of transistors and other electronic components. During photolithography, photoresists, developers, and etchants are used to define intricate patterns on semiconductor surfaces, enabling the precise fabrication of transistor structures and interconnections at nanoscale resolutions. Encapsulation materials such as epoxy resins and silicone gels provide protective coatings, shielding semiconductor components from environmental factors, moisture, and mechanical stress. By geography, the global electronic chemicals market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American electronic chemicals market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific electronic chemicals market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The South & Central America electronic chemicals market is further segmented into Brazil, Argentina, and the Rest of South & Central America.
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