The electronic chemicals and materials market size is estimated at USD 58.8 billion in 2020 and is projected to reach USD 81.7 billion by 2025, at a CAGR of 6.8% during the forecast period. Increasing demand from the microelectronics and chip manufacturing industries globally is expected to drive the market.
The huge acceptance of nanotechnology has contributed to the market shift toward MEMS & NEMS devices. The smaller size, lighter weight, lower power consumption, and cheaper fabrication costs associated with nano-devices have made them acceptable globally. The recent commercialization of nano-based devices has boosted the market potential for photoresist and photoresist ancillaries with various technological advancements. For instance, Intel is moving rapidly toward adopting new technology based on 20nm from 28nm, thus boosting the demand for nanomaterials and, in turn, electronic chemicals and materials in the semiconductor industry.
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Silicon wafers segment is estimated to be the largest type of electronic chemicals and materials
Silicon wafers are a thin slice of semiconductor, which is made out of crystalline silicon and is a key component in the fabrication of integrated circuits and serve as a substrate for the microelectronics devices. The primary use of silicon wafer is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones. Other applications include tire pressure systems and solar cells. The silicon wafers market is expected to grow in tandem with the growth of the integrated circuits and solar markets during the forecast period.
Semiconductor application segment of the electronic chemicals and materials market is expected to register the highest CAGR
Any semiconductor device contains integrated circuits (ICs) and printed board circuit (PCB). ICs are an assembly of electronic components that are fabricated as a single unit, which includes actives devices and passive devices, such as transistors and capacitors along with their interconnections, which are built on a thin substrate of silicon material. The final circuit formed is termed as chip. A printed circuit board is a circuit where all the components are contained within a mechanical structure. It is built by alternating layer of conductive polymer along with layers of non-conductive insulation material.
APAC is the largest semiconductors market due to an increasing proportion of Chinese semiconductor products it’s the memory chip market in China, which generated most of the revenue of the semiconductor industry in the region.
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