Wall Art Market is Projected to Hit USD 72.61 Billion in

The chemical and electronic materials market is worth USD

Pune, India, April 26, 2022 (GLOBE NEWSWIRE) – The global chemicals and electronic materials market the size was 56.39 billion dollars in 2020. The market is expected to grow 59.88 billion dollars in 2021 a 89.82 billion dollars by 2028 to a CAGR of 6.0% in the period 2021-2028.

This vital information is presented by Fortune Business Insights ™in his report, entitled, Chemicals and electronic materials Market2021-2028. “

Factors such as technological advancement in the electronics industry and the growing penchant for connected devices and smart technologies are expected to boost market growth during the forecast period. In addition, the growing consumption of electronic devices such as computers, smartphones, laptops and air conditioners by established companies will fuel the growth of the market.

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Report coverage

The Chemicals and Electronic Materials report covers a comprehensive analysis of the market presenting various perspectives such as profiles of leading companies and main applications and end use of the product. Additionally, the report highlights emerging market trends and dynamics and highlights industry developments surrounding the market’s dominant players.

In addition, growth factors that allow for market progression are also covered. The impacts of COVID-19 on the market are noted and presented in order to provide our readers with valuable information to gain a competitive advantage.

List of major players in chemicals and electronic materials Market:

  • Linde plc (Ireland)
  • Air Products (United States)
  • Cabot Microelettronica (United States)
  • BASF AG (Germany)
  • Showa Denko Materials Co., Ltd. (Japan)
  • Air Liquide (France)
  • Solvay AG (Belgium)
  • Shin-Etsu (Japan)
  • Covestro (France)
  • Songwon (South Korea)
  • Wafer World, Inc. (United States)
  • Sumco (Japan)
  • Global Wafers (United States)
  • Siltronic AG (Germany)

Drivers and restrictions

The growing demand from the semiconductor industry to support growth

Growing demand from the semiconductor industry for printed circuit board (PCB) and integrated circuit (IC) manufacturing and service is expected to drive the growth of the chemicals and electronic materials market. In addition, excessive use case in terms of etching, polishing, cleaning, doping and servicing for semiconductors is expected to boost market growth. Furthermore, the growing integration of nanotechnology towards NEMS and MEMS devices will increase the market footprint.

However, complex regulations related to manufacturing and manufacturing issues will hinder market growth during the forecast period. Additionally, a higher cost of initial setup operations will limit market growth.

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Segments

Based on the application, the market is segmented into silicon wafers, PCB laminates, specialty gases, wet chemicals, photoresist chemicals, and others.

Based on the end user, the market is segmented into semiconductors and others.

In geographic terms, the market can be classified into North America, Europe, Asia Pacific and the Rest of the world.

Regional insights

Asia Pacific will occupy the largest market share due to continued advancement and research and development of new devices

Asia Pacific will hold the largest market share during the forecast period due to the growing demand for printed circuit boards due to growing developments in sectors such as electronic games, consumer goods, telecommunications and IT. The region is also home to China, which is the leading manufacturer of electrical and electronic devices. These factors are expected to drive the chemical and electronic materials market share during the forecast period.

North America will significantly contribute to the global contribution due to various factors such as growing demand for electronic devices, increased consumption of CMP sludge, low K dielectrics, and photoresist chemicals to name a few.

Competitive landscape

Dominant players will focus on product positioning to maximize revenue

The electronic chemistry and materials sector is highly fragmented due to the presence of a large number of dominant companies. These companies often strive to make the most of their consumers by launching new products and investing heavily in research and development.

Other companies integrate strategies such as mergers and acquisitions and collaborations to gain maximum market share. For example, in April 2020: Linde started a new air separation plant to supply ultra-high purity industrial gases, including hydrogen, to semiconductor plants for Samsung Electronics in South Korea. The project will include an implementation in two phases that includes a large-scale infrastructure with a large piping system and multiple purification systems.

Browse the detailed summary of the research report with TOC:

https://www.fortunebusinessinsights.com/electronic-chemicals-and-materials-market-106619

Table of contents:

  • introduction
    • Research scope
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Synthesis
  • Market dynamics
    • Market driver
    • Market restrictions
    • Market opportunity
  • Key insights
    • Key Emerging Trends – For the major countries
    • Key developments: mergers, acquisitions, partnerships, etc.
    • The latest technological advance
    • Insights into the regulatory scenario
    • Porters five forces analysis
  • Qualitative Insights – Impact of COVID-19 on the global chemicals and electronic materials market
    • Supply chain challenges
    • Actions taken by the government / companies to overcome this impact
    • Potential opportunities due to the COVID-19 outbreak
  • Global chemicals and electronic materials Market analysis, insights and forecasts, 2017-2028
    • Key Findings / Summary
    • By application (value)
      • Silicon wafer
      • PCB laminates
      • Special gases
      • Wet chemicals
      • Photoresist chemicals
      • Other
    • For end use (value)
      • Semiconductors
        • Integrated Circuits
        • Printed circuits
      • Other
    • By region (value)
      • North America
      • Europe
      • Asia Pacific
      • Rest of the world
  • North America Chemicals & Electronics Industry Analysis, Insights & Forecasts, 2017-2028
    • Key Findings / Summary
    • By application (value)
      • Silicon wafer
      • PCB laminates
      • Special gases
      • Wet chemicals
      • Photoresist chemicals
      • Other
    • For end use (value)
      • Semiconductors
        • Integrated Circuits
        • Printed circuits
      • Other

TOC Continue …!

Considerable development of the sector

  • March 2021: Air Products has started its new air separation unit in Chandler, Arizona, where the instilled plant has a capacity of 2 million standard cubic feet / hour and high purity oxygen of approximately 20,000 standard cubic feet / hour. This facility is expected to help the solid transition to supply products efficiently to electronics and other industries.

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