Electronic Chemicals Market Report
RA00177
Electronic Chemicals Market, by Product type (Atmospheric and Specialty Gases, Photoresist Chemicals, Wet Chemicals & Solvents and Others), Application (Integrated Circuits & Semiconductors, Flat Panel Displays & Light Emitting Diodes, Photovoltaic, Printed Circuit Boards and Others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
Update Available On-Demand
Global Electronic Chemicals Market Insights, 2026:
Electronic chemicals market accounted for $22,000.0 million in 2018 and is predicted to generate a revenue of $35,866.5 million by 2026 with a CAGR of 6.3% in the forecast period.North America market accounted for $6,820.0 million in 2018 and is predicted to grow with a CAGR of 5.9% in the forecast period. Rising demand is predicted to be the major driving factor for the electronic marker in the forecast period.
Electronic chemical are highly sophisticated chemicals used in many processing steps in manufacturing of electronic components and products in silicon wafer and integrated circuits for packaging and printed circuit boards. The industries which use electronic chemicals are automotive, food & cosmetic, manufacturing, agriculture, textile and aerospace and many more.
Driving Factors: Increase in the product demand from the manufacturing sector is predicted to drive the electronic chemicals market in the forecast period
The electronic chemicals market is predicted to grow due to the increase in the product demand for manufacturing of semiconductors, photolithographic printing and flat panel displays. Moreover, rise in the demand of semiconductors due to the increase in use of the smartphones is predicted to boost the electronic chemicals market in the forecast period.
Market Restraint: Increase in the product deployment is predicted to hamper to the growth of the market
Discarding of the chemicals used in manufacturing devices is predicted to be the biggest restraint for electronic chemicals market in the forecast period. The need for new technology has shortened the life of products, and increased the chemical wastage. Therefore, the discarding of the old product with the advancement of new product in the short span of time is predicted to hamper the growth of the electronic chemicals market in the forecast period.
Wet chemicals & solvent is predicted to have the highest growth rate in the forecast period. Wet chemicals & solvent segment accounted for $5,500.0 million in 2018 and is predicted to grow with a CAGR of 6.6% in the forecast period. Wet chemicals & solvent segment is predicted to grow due to the rise in the use of analytical chemistry which uses the classical methods to analyze chemical materials as most of them are used in the liquid phase in quantitative chemical measurement.
Printed circuit board segment is predicted to have the maximum growth rate in the forecast period. Printed circuit board segment accounted for $3,300.0 million in 2018 and is predicted to grow with a CAGR of 7.2% in the forecast period. The increasing use of electronic chemicals for mechanical support in electrical componentsthat use conductive pathways, signal traces, or tracks is predicted to boost the growth of printed circuit board segment in the forecast period. Moreover, increasing use of printed circuit boards in medical devices, LEDs,consumer electronics, industrial equipment and components and many more is predicted to give rise to the printed circuit board segment in the forecast period.
North America electronic chemicals market is predicted to grow enormously in the forecast period. This market accounted for $6,820.0 million in 2018 and is predicted to grow with a CAGR of 5.9% in the forecast period. The region market is predicted to grow with the rise in the manufacturing companiesof electrical chemicals and presence of major companies in electronic industry in this region is likely to be the major driving factor for the overall market. Asia-Pacific market accounted for $5,940.0 million in 2018 and is predicted to grow with a CAGR of 6.6% in the forecast period. The increase in the capital cost for setting up of new major manufacturing company and research and development by major companies is predicted to boost the overall market in the forecast period. Moreover, key technological innovation by major companies is also predicted to give rise to the overall market in the forecast period.
The major key players in the electronic chemicals market are BASF SE, MacDermid, Inc, Sumitomo Chemical Co. Ltd, Honeywell International, Inc., Hitachi Chemical Co. Ltd., Air Liquide SA, Merck KGaA, Wacker Chemie AG and Solvay S. A., among others.
Porter’s Five Forces Analysis for Electronic Chemicals Market:
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Bargaining Power of Suppliers: The switching cost from one supplier to another isprojected to be low.The bargaining power of suppliers is very low.
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Bargaining Power of Consumers: In this market, the concentration of buyers is high. The bargaining power of consumers is high.
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The threat of New Entrants: Huge initial investments and continuous development in the products is the biggest challenge. The threat of new entrants is low.
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The threat of Substitutes: This market has numerous alternatives of products;moreover, technology alsooffers high switching costs for clients. The threat of substitutes is high.
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Competitive Rivalry in the Market: The Electronic Chemicals Market has only major players to sell their products and it becomes difficult for small and medium enterprises and local manufacturer to get into the market. Many major players are following several strategies, and product differentiation among them.
The competitive rivalry in the industry is high.Aspect
Particulars
Historical Market Estimations
2018-2019
Base Year for Market Estimation
2018
Forecast timeline for Market Projection
2019-2026
Geographical Scope
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Product Type
- Atmospheric and Specialty Gases
- Photoresist Chemicals
- Wet Chemicals & Solvents
- Others
Segmentation by Application
- Integrated Circuits & Semiconductors
- Flat Panel Displays & Light Emitting Diodes
- Photovoltaic
- Printed Circuit Boards
- Others
Key Countries Covered
U.S., Canada, Mexico Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Latin America, Middle East, Africa
Key Companies Profiled
- BASF SE
- MacDermid, Inc
- Sumitomo Chemical Co. Ltd
- Honeywell International, Inc.
- Hitachi Chemical Co. Ltd.
- Air Liquide SA
- Merck KGaA
- SIDLEY CHEMICAL CO.,LTD.
- Solvay S. A.
Q1. What is the size of electronic chemicals market?
A. The global Electronic Chemicals market size was over $22,000.0 million in 2018 and is predicted to grow with a CAGR of 6.3% over the forecast period.
Q2. Which are the leading companies in the electronic chemicals market?
A. Honeywell International, Inc. and Hitachi Chemical Co. Ltdare some of the key players in the global Electronic Chemicals market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. Asia-Pacific possesses great investment opportunities for the investors to witness the most promising growth in the coming years.
Q4. What is the growth rate of Asia-Pacific?
A. Asia-Pacific Electronic Chemicals market is projected to grow at 6.6% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product development is the key strategies opted by the operating companies in this Electronic Chemicals market.
Q6. Which companies are investing more on R&D practices?
A. Honeywell International, Inc.is the company investing more on R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Product type trends
2.3.Application type trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Strategic overview
4.Electronic Chemicals Market, by product type
4.1.Atmospheric and Specialty Gases
4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026
4.2.Photoresist Chemicals
4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026
4.3.Wet Chemicals & Solvent
4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026
4.4.Others
4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026
5.Electronic Chemicals Market, by Application
5.1.Integrated Circuits & Semiconductors
5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026
5.2.Flat Panel Displays & Light Emitting Diodes
5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026
5.3.Photovoltaic
5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026
5.4.Printed Circuit Boards
5.4.1.Market size and forecast, by region, 2018-2026
5.4.2.Comparative market share analysis, 2018 & 2026
5.5.Others
5.5.1.Market size and forecast, by region, 2018-2026
5.5.2.Comparative market share analysis, 2018 & 2026
6.Electronic Chemicals Market, by region
6.1.North America
6.1.1.Market size and forecast, by product type, 2018-2026
6.1.2.Market size and forecast, by application, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.
6.1.5.1.Market size and forecast, by product type, 2018-2026
6.1.5.2.Market size and forecast, by application, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026
6.1.6.Canada
6.1.6.1.Market size and forecast, by product type, 2018-2026
6.1.6.2.Market size and forecast, by application, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026
6.1.7.Mexico
6.1.7.1.Market size and forecast, by product type, 2018-2026
6.1.7.2.Market size and forecast, by application, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026
6.2.Europe
6.2.1.Market size and forecast, by product type, 2018-2026
6.2.2.Market size and forecast, by application, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany
6.2.5.1.Market size and forecast, by product type, 2018-2026
6.2.5.2.Market size and forecast, by application, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026
6.2.6.UK
6.2.6.1.Market size and forecast, by product type, 2018-2026
6.2.6.2.Market size and forecast, by application, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026
6.2.7.France
6.2.7.1.Market size and forecast, by product type, 2018-2026
6.2.7.2.Market size and forecast, by application, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026
6.2.8.Spain
6.2.8.1.Market size and forecast, by product type, 2018-2026
6.2.8.2.Market size and forecast, by application, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026
6.2.9.Italy
6.2.9.1.Market size and forecast, by product type, 2018-2026
6.2.9.2.Market size and forecast, by application, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026
6.2.10.Rest of Europe
6.2.10.1.Market size and forecast, by product type, 2018-2026
6.2.10.2.Market size and forecast, by application, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026
6.3.Asia Pacific
6.3.1.Market size and forecast, by product type, 2018-2026
6.3.2.Market size and forecast, by application, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China
6.3.5.1.Market size and forecast, by product type, 2018-2026
6.3.5.2.Market size and forecast, by application, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026
6.3.6.India
6.3.6.1.Market size and forecast, by product type, 2018-2026
6.3.6.2.Market size and forecast, by application, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026
6.3.7.Australia
6.3.7.1.Market size and forecast, by product type, 2018-2026
6.3.7.2.Market size and forecast, by application, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026
6.3.8.Rest of Asia Pacific
6.3.8.1.Market size and forecast, by product type, 2018-2026
6.3.8.2.Market size and forecast, by application, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026
6.4.LAMEA
6.4.1.Market size and forecast, by product type, 2018-2026
6.4.2.Market size and forecast, by application, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026
6.4.5.Latin America
6.4.5.1.Market size and forecast, by product type, 2018-2026
6.4.5.2.Market size and forecast, by application, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026
6.4.6.Middle East
6.4.6.1.Market size and forecast, by product type, 2018-2026
6.4.6.2.Market size and forecast, by application, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026
6.4.7.Africa
6.4.7.1.Market size and forecast, by product type, 2018-2026
6.4.7.2.Market size and forecast, by application, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026
7.Company profiles
7.1.BASF SE
7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis
7.2.MacDermid, Inc
7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis
7.3.Sumitomo Chemical Co. Ltd
7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis
7.4.Honeywell International, Inc.
7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis
7.5.Hitachi Chemical Co. Ltd
7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis
7.6.Air Liquide SA
7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis
7.7.Merck KGaA
7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis
7.8.SIDLEY CHEMICAL CO.,LTD
7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis
7.9.Solvay S. A.
7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis
The ResearchDive electronic chemicals market report anticipates that the global industry will generate $35,866.5 million before 2026, with a CAGR of 6.3% from 2019 to 2026. The key revenue share of the wafer manufacturing application segment is expected to continue to lead over the entire forecast period. Silicon wafers are the world's most popular wafer manufacturing commodity and account for a major share of the industry.Due to the rising demand for specialty chemical products in emerging economies, rising market penetration in end-use industries and technological advances, the electronic chemicalsmarket is growing. Electronic chemicals are also known as performance chemicals and are used to produce industrial and consumer goods.
Growing Number of Applications of Electronic Chemicals to Boost the Market Growth
The growth of printed circuit boards in the projected time frame, such as smartphones, computers, and laptops, is expected to develop as a key element of integrated circuit chip technology used in consumer appliances.The growth rate for the printed circuits boards (PCBs) over the forecast period is projected to be significant.The largest application segment was semiconductors &integrated circuits,due to its increasing applications in the telecom, consumer electronics, the defense, and the automotive and transportation industry, semiconductors and integrated circuits are likely to enjoy significant growth over the forecast period. Improved growth is anticipated to be a key driver in the global economic growth for semiconductors and integrated circuitry for computers and other consumers' products. Changing the lifestyle of consumers combined with rising disposable income is likely to fuel customer demand and thus drive market growth.
Technological Advancements and Demand for Electronic Chemicals to Increase Consistently
Due to growing technological advances and demand for appliances, namely photovoltaics, integrated circuits, printed circuit boards for electronic gap devices such as mobiles, notebooks, laptops, tablets, LED bulbs, and more, the demand for electronic chemicals and materials has increased. The need for wafer processing chemicals and materials has shifted to advanced production nodes. Strict environmental laws, increased consumption by IC methods, technological advances, environmental support, increased demand for electronics, and rising economic growth in emerging markets are amongst many factors influencing the market growth.
Discarding Obsolete Devices That Made Use of Electronic Chemicals to Act as a Major Restraint Due to the Wastage of Electronic Chemicals
The continuous discardingof the old technology in the projected timeframe is expected to be the most significant restrictions the market. Due to continuous technology development,the life of products has considerably been shortened. This results in the wastage of electronic chemicals that were used for manufacturing the products. This is expected to hamper the growth of the electronic chemical industry during the forecast period.
Opportunities in the Electronic Chemicals Market
The change of the production base to Asia-Pacificis a key development observed in the specialty chemical industry. The tendency of chemical companies in the Asia-Pacificregion is changing due to strong economic growth and business opportunities.In addition, some businesses are switching manufacturing bases to Asia-Pacific, primarily in North America and Europe, due to stringent environmental regulations, high labor costs, and lower profit margins. This is anticipated in the forecast period to drive the market.The market is thus seeing substantial growth as end-user companies are gradually entering the market and manufacturing base moving to the area of Asia-Pacific.
Future Trends in the Electronic Chemicals Market
The market demand will intensify among the participants in the field due to the expansion and technological progress of the product portfolios. The entry of new players is expected to be restricted by the high capital costs of modern manufacturing and R&D. However, significant developments in technology relating to product output optimization would undoubtedly provide a competitive edge for new entrants.Rising demand for silicone is expected to affect the supply of raw materials from other end-use industries, including the photovoltaic solar sector. Moreover, escalating trade tensions are expected to result in silica price uncertainty over the projected timeframe between China, the US, and the European Union.There is no obstacle to substitution on the market. Due to the absence of the application of different raw materials, however, it is expected to face high internal replacement. Moreover, it is anticipated that high-performance materials like graphene will replace silicone.
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