Market Insights
The market for electronic chemicals is anticipated to reach USD 70,000 million in 2027 from USD 48,500 million in 2020. Further, the market is expected to observe CAGR of 6% during the forecast period, 2021-2027.
Electronic chemicals are the high-purity chemicals mainly used in the manufacturing of semiconductor chip. These chemicals are play significant role in cleaning and removing minute impurities from the semiconductor wafers for high efficiency and better performance. The report published by Credence Research, “Global Electronic Chemical Market” providers comprehensive information of this industry.
Major Drivers and Restraints of This Industry
This market report offers very in-depth examination of key market drivers of electronic chemical market. In addition, the report also provides crucial factors which may have impact on growth of the electronic chemical industry.
Consequences of COVID 19 on Electronic Chemical Industry
The electronic chemical producing firms have halted their manufacturing processes mainly owing to the industrial shutdown imposed by government authorities along with huge disruptions in the supply of raw materials. For instance, as per data published by the Independent Chemical Information Services (ICIS), world's one of the largest petrochemical market information provider, there was approximately 15-20% drop in the electronic chemicals production mainly because significant disruption in logistic and supply chain. The stoppage of electronic chemical firms throughout the COVID-19 chaos has resulted in drastic revenue loss in the global electronic chemical market. On the other hand, with speedy recovery of majority of countries, most of the industries have resumed their projects; which may help support the global electronic chemical market, post COVID 19 pandemics.
Global Electronic Chemical market is likely to be Dominated by the Asia Pacific
Asia Pacific dominated the global electronic chemical market with over 60% share in 2020. Strong demand for electronic chemicals in the region can be attributed to the high level of concentration of electronic manufacturing industry in the region. China, Japan, South Korea, Taiwan and Southeast Asia have become production hub for electronic industry. This in turn driving the demand for electronic chemicals.
Global Electronic Chemical Market is led by the Silicon wafers segment
Depending on the type, global electronic chemical industry is mainly classified into conductive polymers, CMP slurries, specialty gases, low K dielectrics, wet chemicals, silicon wafers, and PCB laminates photoresist chemicals. Silicon wafer segment of electronic chemical industry will have fastest market growth, and is further estimated to register a notable revenue. The silicon wafers are a basic building blocks of any electronic devices, like smartphones and computers. Thereby, rising penetration of smartphones across the emerging countries may propel the subsegment, during the analysis timeframe.
Semiconductors applications to dominate the global demand for electronic chemical market
Semiconductors and others are the two major application areas for the global electronic chemical market. Moreover, semiconductors segment is further classified into integrated circuits and printed circuit board. Semiconductors segment accounted for the vast majority in the revenue generation of electronic chemical in 2020. It accounted for over 45% share in 2020. Growing demand for memory chips and circuit boards, major technological innovations, and massive adoption IoT technology are some of the factors may propel the subsegment growth, in the coming years.
Frequently asked questions about global electronic chemical industry
- What are the consequences of COVID 19 on global electronic chemical industry?
- Ans: The report offers in-depth consequences of COVID 19 on global electronic chemical industry
- Who are the top five players in the global Electronic Chemical industry?
- Ans: This report enlists the top five players on the basis of volume as well as revenue
- Which is the fastest growing application market for global electronic chemical industry?
- Ans: This report provides details of fastest growing application market for electronic chemical industry
- Which is the leading regional market for global electronic chemical industry?
- Ans: The report highlights most dominating as well as fastest growing economies for electronic chemical industry
- What will be the CAGR (2021 - 2027) of in global electronic chemical industry?
- Ans: The global electronic chemical market report provides CAGR from 2021 to 2027
- What was the volume and revenue of in global electronic chemical industry in 2015?
- Ans: This report provides detailed market size, share and growth for historical period from 2015 to 2020
- Which are the growing technological trends in in global electronic chemical industry?
- Ans: The report helps to identify the key technological trends electronic chemical industry across the world
- Which are the major driving forces behind growth of global electronic chemical industry?
- Ans: The report covers all major factors fueling the growth of this industry
- What are the key growth pockets within global Electronic Chemical industry?
- Ans: The report also reveals key growth pockets within global electronic chemical industry
- What are the attractive investment prepositions in the global electronic chemical industry?
- Ans: Global electronic chemical market report provides key investment prepositions based on types, applications and regions
- What are the key challenges faced by the industry participants in global electronic chemical market?
- Ans: This report answers major challenges being faced by the global electronic chemical players
- What is the competitive scenario in global electronic chemical industry?
- Ans: The report describes in detailed about current competitive scenario of electronic chemical industry
- Which are the major production geographies?
- Ans: The report covers the major production geographies for electronic chemical
- Who are the major regulatory bodies in global electronic chemical industry?
- Ans: The report provides insights related to major regulatory bodies in global electronic chemical industry
- Which are the major companies governing the global electronic chemical industry?
- Ans: This report enlists the top five players on the basis of volume as well as revenue
