Globally, the increasing demand for electronics applications and the increasing utilization of semiconductors for these devices is expected to propel the electronics chemicals & materials market witnessed a significant growth rate during the forecast period. Additionally, the increase in IoT (Internet of things), increased connectivity of systems and devices is expected to drive the growth for sensors, actuators, and other semiconductors.

This market shows a definite boom during the forecast period all around the globe. The need for internet and advanced technologies is linked to increased use of semiconductors in electronics manufacturing is also expected to upsurge in the near future. Moreover, the high process chemicals are also utilized in photovoltaic solar panels. They also include the production of acid, base and solvent blends, and other products for cleaning of flat panel displays. For instance, KMG Chemicals manufactures etchant chemistries for the cleaning of flat panel displays.

Countries such as Japan, China are leading producers of electronic devices. Moreover, China is also one of the largest manufacturers of electronic devices. Therefore, this region is expected to show a significant boost in the production and consumption of electronic chemicals and materials as well. According to OEC, in 2018, China was the top exporter of disc chemicals for electronics with a value of 3.68 USD Billion. Japan is the second-largest exporter of similar disc electronic chemicals with a value of 3.36 USD Billion. Therefore, the rising demand for chemicals and semiconductors in electronic device manufacturing across the world is expected to foster market growth during the forecast period.

The global electronic chemical & materials market has been segmented based on type and end-user. Based on type, the market is categorized into silicon wafers, PCB laminates, photoresist chemicals, specialty gases, waste chemicals, and others. In this silicon wafers held the largest market share in 2019. Based on end-user the market is categorized on the basis of semiconductors and PCB. In 2019, semiconductors held the largest market share.

Silicon wafers are utilized in the fabrication of integrated circuits. Integrated Circuits (IC’s) have a very wide range of applications and are used in electronic devices such as smartphones, computers, and several other electronic devices.

PCB laminates are also used in a vast range of applications. They are used in advanced applications that include, aerospace, military, consumer electronics and automotive. Photoresist chemicals are utilized in photolithography and photoengraving to form a conventional coating to form a surface used in semiconductor manufacturing. The liquid applications of photoresist chemicals include dip coating, spray coating, curtain coating, roller coating, and spin coating. Additionally, spin coating is mostly used in micro fabrication of functional oxide on glass layers or on single-crystal substrates. Similarly, several other applications of semiconductors require electronic chemicals & materials which is projected to augment the market growth over the forecast period.

North America, Europe, and Asia Pacific contributed significantly to the development of the global electronic chemicals industry over recent years. Asia Pacific dominated the global electronic chemical & materials market. North America held the second-largest share of the global electronic chemical & materials market in 2019.

In North America, research & development activities regarding electronics and other materials utilized in the electrochemical industry are expected to foster the market demand during the forecast period. Europe is expected to enter a mature stage in this market. However, due to constantly rising demand for advanced technological applications, the demand for smart offices, homes and IT security this region is expected to account for steady growth in demand for electronics chemicals & materials. In Asia-Pacific, rising IT infrastructure and the increasing demand for electronic products such as smartcards, mobiles, digital cameras, electronic gaming, and others is expected to boost the market growth during the forecast period. Additionally, the presence of electronic chemical manufacturers in this region will support the electronics chemical and other materials sector. In the Middle East & Africa, the rising demand for high-tech applications in several sectors coupled with the increasing use of electronic devices and other smart devices will fuel the market growth in the region over the forecast period.