Electronic Chemicals Market Size, Share, Outlook & Forecast 2022 | In-Depth Analysis, Key Challenges, Business Standards & Import-Export Details Industry Foresight

Electronic Chemicals Market is expected to be worth USD 63 billion in 2022 and will grow at the CAGR of 6.9% from 2016 to 2022
Global Electronic Chemicals Market Information by Form (Solid, Liquid and Gaseous), by Applications (Semiconductor & IC, PCB and Others) and By Region – Forecast till 2022

Market Research Future Published a Half Cooked Research Global Electronic Chemicals Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.    

Albemarle Corporation (U.S.), BASF SE (Germany), Air Products And Chemicals, Inc (U.S.), Ashland Inc (U.S.), DowDupont Inc. (U.S.), Covestro AG (Germany), Cabot Corpration (U.S.), The Linde Group (Germany), AZ Electronic Materials (Luxembourg), Huntsman Corporation (U.S.) and among others are some of the prominent players at the forefront of competition in the Global Electronic Chemicals Market and are profiled in MRFR Analysis.

Electronic Chemicals Market – Market Overview

Electronic Chemicals are essential for manufacturing digital components in electronic industry. The Electronic Chemicals are found in three major forms, namely solid, liquid, and gaseous. Gaseous is the emerging form of Electronic Chemicals which tends to be the major form of chemical for semiconductors in coming future. The several different types of chemical are used for manufacturing the electronic components, such as silicon wafers, atmospheric and specialty gases, ancillary chemicals, CMP slurries, wet processing chemicals, photoresists, thin film metals, copper plating chemicals, and others. Silicon wafers is the major chemical used in processing of digital devices. In the electronic industry; semiconductors, IC, and PCB are the major applications of electronic chemicals.

The Electronic Chemical demand is increasing with an increase of awareness among the consumers. However, changing lifestyle, expanding the middle-class population, burgeoning R&D in consumer electronics industry and growing trend towards smart technology are some of the positive factors driving the growth of the consumer electronics industry which can render sales of electronic chemicals market. 

Asia-Pacific accounted to be the largest market for electronic industry. China, South Korea, Taiwan, and Japan are the major hub of electronic sector. Asian countries such as India, China, Indonesia, and Singapore are the major consumer of electronic products such as smartphones, digital camera, tablets, laptops, smart television, wearable electronic devices, and camcorders which is expected to contribute high growth of demand for Electronic Chemicals over the forecast period.

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Electronic Chemicals Market – Competitive Analysis

Electronic Chemicals Market is competitive and the major players involved in the market are adopting strategies such as expansion, new product launch, joint ventures, mergers, investment, agreement to attain significant market share and gain sizeable revenue. The major development took place in Asia-Pacific due to increasing demand for electronic components or devices. Among which BASF SE, Hitachi Chemical Co., Ltd., Sumitomo Chemical, and RS Technologies Co.,Ltd have made recent development within a year.

Industry / Innovation / Related News:

May 2018– BASF SEexpand the production capacity of its new electronic grade sulfuric acid in China. The company decided to double the production capacity which will commenced the operation by the end of 2018. This expansion will help the semiconductor manufacturers to meet the customer demand in future.

January 2018– Hitachi Chemical Co., Ltd.made an investment of 3 billion yen to fivefold the production capacity of semiconductor polishing material in Tokyo, Japan. The investment helps to prevent the circuit breakage, especially for smartphones and tablets.

December 2017– Sumitomo Chemical planned to expand the production capacity for semiconductor chemicals at Sumika Electronic Materials (Xi’an) Co., Ltd. in China. This expansion will double the current production capacity. The production facility expected to start the commercial scale production in early 2019.

December 2017– RS Technologies Co.,Ltd. made an announcement to increase the production capacity of 300mm silicon wafer to meet the customer demand. This development ease the company to reclaim wafers with metallic circuits.

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