What is the future of Electronic Chemicals and Materials Market? Know Covid Impact on Size, Share & Forecasts

What is the future of Electronic Chemicals and Materials Market? Know Covid Impact on Size, Share & Forecasts

October 21, 2020

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Electronic Chemicals and Materials Market.

It was estimated prior to this unanticipated outbreak that the Electronic Chemicals and Materials Market was expected to grow at a CAGR of 7.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

 

For a more detailed breakdown of the COVID-19 impact on the Electronic Chemicals and Materials Market, request a free sample of the report here:

https://www.stratviewresearch.com/Request-Sample/949/electronic-chemicals-and-materials-market.html

 

The electronics industry employs a broad range of highly sophisticated specialty chemicals in the production of electronic components and equipment. These chemicals are used in several processing steps in integrated circuits, silicon wafers, printed circuit boards (PCBs), and for packaging and also, in the manufacturing of optoelectronics and compound semiconductor, and others. Electronic chemicals are available in different forms - solid, liquid, and gaseous. Silicon, fluorine, and bisphenol are some of the key raw materials used in the production of electronic chemicals.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

 

Click here for description of the report:

https://www.stratviewresearch.com/949/electronic-chemicals-and-materials-market.html

 

Based on the type, the electronic chemicals and materials market is segmented as specialty gases, CMP slurries, photoresist chemicals, conductive polymers, low k dielectrics, wet chemicals, silicon wafers, and PCB laminates. The silicon wafers segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Silicon wafers serve as a substrate for the microelectronic devices and as a key component in the fabrication of integrated circuits. Integrated circuits, the constituents of computers, smartphones, and all other electronic devices are one of the most dominant application areas of silicon wafers. Other applications are tire pressure systems and solar cells. Rapidly increasing demand for silicon from various end-use industries such as solar photovoltaic is expected to fuel the growth of the segment. Rising tension and trade disputes between China, the U.S., and the European Union are likely to result in price volatility of silica during the forecast period.

Based on the application type, the electronic chemicals and materials market is segmented as semiconductor and others. The semiconductor segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The semiconductor segment is further bifurcated into integrated circuits and printed circuit boards. Electronic chemicals and materials are used for cleaning, etching, polishing, doping, and servicing of semiconductor in order to achieve better functionality along with proper maintenance. Technological advancements in the electronics industry impact the semiconductor industry. For instance, upcoming technologies such as artificial intelligence or AI are likely to drive the segment’s market over the forecast period.

In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for electronic chemicals and materials during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. Over the past two decades, the electronics industry has witnessed significant growth worldwide, thus generating a huge demand for printed circuit boards. Asia-Pacific is the largest producer of PCBs. Developments in various industries such as telecommunications and IT, smart cards, electronic gaming, and consumer goods contribute towards the growth of the PCB market, which in turn, is driving the electronic chemicals and materials market in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

 

Key Players:

Some of the major players in the electronic chemicals and materials market are-

  • Air Liquide S.A.
  • Air Products and Chemicals, Inc.
  • BASF SE
  • Cabot Microelectronics Corporation
  • Covestro AG
  • DuPont de Nemours, Inc.
  • Hitachi Chemical
  • Company, Ltd.
  • Linde plc
  • Shin-Etsu Chemical Co. Ltd.
  • Solvay S.A.

Author : Emily

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