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CHEMICALS AND ADVANCED MATERIALS

Electronic Chemicals and Materials Market Analysis by Type (Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates); and by Application (Semiconductors, ICs, Display Panels, Metallurgy) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Air Liquide Electronics – To invest over 200 million Euros to increase manufacturing capabilities in Tainan and Hsinchu, Taiwan. The Group will be able to supply three high volume semiconductor fabrication plants currently under construction in Tainan Science Park.
  • BASF SE - A contract between BASF and Entegris for the acquisition of the Precision Microchemicals division by Entegris for US$90 million was signed. The technology, intellectual property, and trademark transaction were completed by the end of 2021.

Global Electronic Chemicals and Materials Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~6.2%

Base Year Market Size (2022)

 ~ USD 54.48 Billion

Forecast Year Market Size (2033)

~ USD 99.4 Billion

The global electronic chemicals and materials market is estimated to garner a revenue of USD 99.4 Billion by the end of 2033 by growing at a CAGR of ~6.2% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 54.48 Billion in the year 2022. The market is growing on the back of increasing demand for semiconductors, for instance the global sales revenue for semiconductor industry increased by 7% to $48.6 billion in July 2022 from $44.9 billion in July 2021.

Electronic-Chemicals-and-Materials-Market-Analysis

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The worldwide electronic industry's expanding demand for chemicals and materials is propelling the market's expansion. To improve semiconductors' performance, these electronic chemicals and materials are used for their etching, cleaning, and maintenance. Additionally, the electronics industry's technological development is anticipated to accelerate market expansion. Global demand for microelectromechanical systems and nanoelectromechanical systems incorporating nanotechnology has greatly expanded market prospects. The demand for IoT-driven devices and AI for enhanced and secure performance has also increased with the trend toward connected devices and smart technologies. With more than 10 billion IoT devices globally in 2020, the demand for electronic chemicals and materials is bound to grow.

Electronic-Chemicals-and-Materials-Market-ScopeGlobal Electronic Chemicals and Materials Market: Growth Drivers and Challenges

Growth Drivers

  • The Use of Electronic chemicals and Materials in The Semiconductor Industry – The semiconductor industry generated USD ~ 415 Billion in sales in 2019 and climbed up to ~ USD 439.4 Billion in 2020, a 6.8% increase, partly as a result of increased demand brought on by the COVID-19 pandemic.
  • Technology is The Fastest Growing Industry - In 2020, over 40% of the top 50 biggest global corporations belonged to the technology sector.
  • Growing Adoption of Nanotechnology In the next 3 years, the Nanotechnology industry is set to generate over 300 Billion USD in revenue.
  • Recovering Semiconductor Industry Post Global Shortage – The productivity of semiconductor manufacturers has grown, which helped in driving up the predicted revenue growth to over ~8.5% in 2021. from roughly 5% in 2019, the last year before the pandemic. To minimize supply chain interruptions, governments are also increasing their investments in semiconductor technology.
  • Global Advent and Adoption of 5G Over 1/3rd of all semiconductors produced are used the communications industry. By 2025, One-third of the world's population will likely be covered by 5G networks by 2025. The growth of 5G technology will further propel the Electronic Chemicals and Materials market.

Challenges

  • High cost of operations, investment and manufacture
  • Strict regulations regarding the use of hazardous chemicals
  • Disruptions in supply chains that can cause imbalances

The electronic chemicals and materials market is segmented and analyzed for demand and supply by application into semiconductors, ICs, display panels, and metallurgy. Out of these segments, the semiconductors segment is expected to keep holding the largest market share by 2033. This is based on the fact that electronic chemicals and materials are most extensively used to improve the performance of semiconductors by etching, cleaning, and maintenance. Semiconductors are projected to be one of the most demanded products in the coming future, as an anticipated ~ USD 6.7 trillion are projected to be invested on digital transformation by 2023.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Demand-Analysis

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Electronic Chemicals and Materials Market Regional Synopsis

Regionally, the global electronic chemicals and materials market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the fact that the United States alone holds more than 45% share of the world semiconductor industry. Apart from that, the U.S. is the global leader in semiconductor R&D and design.

The global electronic chemicals and materials market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global electronic chemicals and materials market includes the following segments:

By Type

  • Specialty Gases
  • CMP Slurries
  • Photoresist Chemicals
  • Conductive Polymers
  • Low K Dielectrics
  • Wet Chemicals
  • Silicon Wafers
  • PCB Laminates

By Application

  • Semiconductors
  • ICs
  • Display Panels
  • Metallurgy

Top Featured Companies Dominating the Global Electronic Chemicals and Materials Market

  • Linde plc
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Air Products and Chemicals, Inc.
  • Wafer World Inc.
  • Air Liquide Electronics
  • Solvay A.G.
  • Covestro AG
  • CMC Materials Corporation
  • BASF SE
  • Showa Denko Materials Co., Ltd.
  • SONGWON

 

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