Electronic materials & chemicals are an essential part of electronic device manufacturing process. Increasing technological advancements in manufacturing electronic products owing to rising consumer demand for high-tech goods is expected to propel demand for the product over the forecast period.
The Global Electronics Materials & Chemicals Market is expected to reach USD 81.05 billion by 2024, according to a new report by Grand View Research, Inc.
The consumer electronics segment is anticipated to drive market growth owing to significant demand particularly in emerging economies including India, Indonesia, and Vietnam. China is the largest manufacturer of consumer electronics and is a major consumer of semiconductors and PCB. This trend is expected to continue over the forecast owing to the growing emergence of low-cost manufacturers in the country.
Rising R&D initiatives employed by manufacturers to develop advanced electronic materials which provide superior performance is expected to be a key factor driving growth over the forecast period. Rising demand for electronic equipment with lower energy consumptions is likely to boost demand for use of new electronic Electronics such as organic and compound semiconductors. R&D related to synthesis of bio-based and biodegradable materials and chemicals for electronics industry is expected to drive the market growth.
To Know More About Electronic Materials and Chemicals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/electronic-materials-and-chemicals-market
The industry is characterized by the presence of numerous players with a strong foothold in the market. Fluctuating raw material prices and high competition is expected to pose a challenge for the industry players. Manufacturers are likely to establish production plants in the Asia Pacific in order to capitalize on high demand, low labor cost, land availability and abundant raw material availability in the region.
Top Players of Electronic Materials and Chemicals Market:
Key players in the industry include Air Products & Chemicals Inc., Ashland Inc., Air Liquide Holdings Inc., BASF Electronic Chemicals, Honeywell International Inc., Cabot Microelectronics Corporation, Linde Group, KMG Chemicals Inc., Fujifilm Electronic Materials, Kanto Chemical Co., Inc. and Tokyo Ohka Kogyo Co., Ltd.
Market Segmentation of Electronic Materials and Chemicals Market:
The Global Electronic Materials & Chemicals Market on the basis of Product, Application and End-Use.
By Product:
Solid
Liquid
Gaseous
By Application:
Silicon wafers
PCB Laminates
Specialty gases
Wet chemicals and solvents
Photoresists
By End-Use:
Semiconductors & Integrated Circuits
Printed Circuit Boards
Inquire about Electronic Materials and Chemicals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2381
The Global Electronics Materials & Chemicals Market is expected to reach USD 81.05 billion by 2024, according to a new report by Grand View Research, Inc.
The consumer electronics segment is anticipated to drive market growth owing to significant demand particularly in emerging economies including India, Indonesia, and Vietnam. China is the largest manufacturer of consumer electronics and is a major consumer of semiconductors and PCB. This trend is expected to continue over the forecast owing to the growing emergence of low-cost manufacturers in the country.
Rising R&D initiatives employed by manufacturers to develop advanced electronic materials which provide superior performance is expected to be a key factor driving growth over the forecast period. Rising demand for electronic equipment with lower energy consumptions is likely to boost demand for use of new electronic Electronics such as organic and compound semiconductors. R&D related to synthesis of bio-based and biodegradable materials and chemicals for electronics industry is expected to drive the market growth.
To Know More About Electronic Materials and Chemicals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/electronic-materials-and-chemicals-market
The industry is characterized by the presence of numerous players with a strong foothold in the market. Fluctuating raw material prices and high competition is expected to pose a challenge for the industry players. Manufacturers are likely to establish production plants in the Asia Pacific in order to capitalize on high demand, low labor cost, land availability and abundant raw material availability in the region.
Top Players of Electronic Materials and Chemicals Market:
Key players in the industry include Air Products & Chemicals Inc., Ashland Inc., Air Liquide Holdings Inc., BASF Electronic Chemicals, Honeywell International Inc., Cabot Microelectronics Corporation, Linde Group, KMG Chemicals Inc., Fujifilm Electronic Materials, Kanto Chemical Co., Inc. and Tokyo Ohka Kogyo Co., Ltd.
Market Segmentation of Electronic Materials and Chemicals Market:
The Global Electronic Materials & Chemicals Market on the basis of Product, Application and End-Use.
By Product:
Solid
Liquid
Gaseous
By Application:
Silicon wafers
PCB Laminates
Specialty gases
Wet chemicals and solvents
Photoresists
By End-Use:
Semiconductors & Integrated Circuits
Printed Circuit Boards
Inquire about Electronic Materials and Chemicals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2381
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