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    Electronic Chemicals and Materials Market is Expected to Reach $64,919 Million by 2022, Globally – Allied Market Research

    chemicals-electronics

    The demand for electronic chemicals and materials has increased owing to growth in technological advancements and increase in demand from applications, namely, photovoltaics, integrated circuits, printed circuit boards for electronic gadgets such as mobiles, laptops, computers, tablets, LED bulbs, and others. There is a shift towards advanced technology nodes that drives the market for wafer fabrication chemicals and materials. Other factors that drive the market growth include strict environmental regulations, increase in the consumption of IC process chemical, technological innovations, supporting environmental regulations, increasing demand for electronics, and rapid economic growth in emerging countries.

    According to Eswara Prasad, Team Lead, Chemical Research at Allied Market Research, “Silicon wafers would continue to be the leading wafer fabrication material as they are extensively used to produce integrated circuits and other microelectronic devices”.

    Furthermore, stringent regulations have led to increased adoption of electronic chemicals and materials for many applications namely photovoltaics, flat panel displays, and LED bulbs. Electronic chemicals and materials in the wafer fabrication application occupied more than half of the total market in 2015 and is expected to continue its dominance throughout the forecast period. Within packaging application, the organic substrate segment accounted for one-third of the market share as it is used for OLED displays that require low forward voltage, high luminance efficiency, and low reverse current. This segment is expected to continue its dominance in the packaging electronic chemicals and materials application market.

    Key findings of the study

    • Wafer fabrication application occupied the highest share in 2015 and is expected to grow with a CAGR of 6.4% during the forecast period.
    • Silicon wafers dominated the wafer fabrication application market in 2015 and is projected to maintain its lead throughout.
    • The gases segment is expected to grow with the highest CAGR of 7.1%.
    • Taiwan is the leading consumer of the electronic chemicals and materials in the Asia-Pacific region followed by South Korea.
    • In packaging application segment, lead frames is expected to grow at the highest CAGR of 6.2%.

    Asia-Pacific accounted for more than half of the total electronic chemicals and materials market in 2015 and is expected to maintain its lead position throughout the forecast period. This is attributable to the increase in domestic production of automotive electronics, and usage of electronics such as mobiles, TV sets, laptops, tablets, LED bulbs due to increase in the expenditure of the consumers spending in this region.

    Taiwan is the fastest growing country for electronic chemicals and materials market in the Asia-Pacific region and is expected to remain dominant throughout the period under consideration,” adds Eswara Prasad

    The prominent players profiled include BASF SE, The Dow Chemical Company, JSM Corporation, Fujifilm, KMG Chemicals, Air Products and Chemicals Inc, Albemarle Corporation, Merck KGaA. Huntsman International LLC, and Honeywell International Inc.

    Summary of Similar Reports can be viewed at

    https://www.alliedmarketresearch.com/materials-&-chemicals/advanced-materials-market-report

    About Us:

    Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

    We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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    Summary of the Electronic Chemicals and Materials Market Report can be accessed on the website at https://www.alliedmarketresearch.com/electronic-chemicals-and-materials-market