Electronic Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for electronic chemicals. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Electronic Chemicals Market Size (2024E): USD 6.9 Billion
Projected Market Value (2031F): USD 10.4 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 6.1%

Electronic Chemicals Market - Report Scope:

Electronic chemicals are vital in the production of semiconductors, printed circuit boards (PCBs), and other electronic components. These chemicals include high-purity solvents, photoresists, etchants, and dopants essential for the fabrication and processing of electronic devices. The electronic chemicals market caters to various end-user industries, including consumer electronics, automotive, and telecommunications, offering a range of chemicals tailored for specific applications.

Market Growth Drivers:

The global electronic chemicals market is propelled by several key factors, including the rapid expansion of the semiconductor industry, increasing demand for advanced consumer electronics, and the growing adoption of electric vehicles (EVs). Technological advancements, such as the development of more sophisticated and miniaturized electronic components, drive the demand for high-purity electronic chemicals. Additionally, the rise in data centers and the proliferation of 5G technology further stimulate market growth, as these applications require extensive use of electronic chemicals for efficient operation and maintenance.

Market Restraints:

Despite promising growth prospects, the electronic chemicals market faces challenges related to stringent environmental regulations, high production costs, and supply chain disruptions. Regulatory compliance for the production and disposal of electronic chemicals imposes significant operational constraints on manufacturers. Moreover, the volatile prices of raw materials and the complexity of manufacturing processes increase the overall cost of production, affecting market profitability. Addressing these challenges requires strategic initiatives to enhance production efficiency, optimize supply chains, and develop sustainable chemical solutions.

Market Opportunities:

The electronic chemicals market presents significant growth opportunities driven by advancements in nanotechnology, the development of innovative materials, and the increasing focus on sustainable manufacturing practices. The integration of nanomaterials in electronic devices offers improved performance and new functionalities, creating demand for specialized electronic chemicals. Furthermore, the trend towards green chemistry and eco-friendly products encourages the development of biodegradable and non-toxic electronic chemicals. Strategic partnerships, investment in research and development, and the adoption of circular economy principles are essential to capitalize on these emerging opportunities and sustain market leadership in the dynamic electronic chemicals landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the electronic chemicals market globally?
Which chemical types and applications are driving adoption across different industries?
How are technological advancements reshaping the competitive landscape of the electronic chemicals market?
Who are the key players contributing to the electronic chemicals market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global electronic chemicals market?

Competitive Intelligence and Business Strategy:

Leading players in the global electronic chemicals market, including BASF SE, The Dow Chemical Company, and Air Products and Chemicals, Inc., focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced chemical solutions, including high-purity solvents, next-generation photoresists, and eco-friendly etchants, catering to diverse industry needs and regulatory requirements. Collaborations with semiconductor manufacturers, electronics companies, and research institutions facilitate market access and promote technology adoption. Moreover, emphasis on sustainability, regulatory compliance, and supply chain resilience fosters market growth and enhances customer satisfaction in the rapidly evolving electronic chemicals landscape.

Key Companies Profiled:

BASF SE
Air Products and Chemicals Inc.
The Dow Chemical Company
Merck KGaA (EMD Performance Materials in North America)
SUMCO Corporation
JSR Corporation
Shin-Etsu Chemical Co., Ltd.
Cabot Corporation
Microelectronics Corporation
Tokyo Ohka Kogyo Co., Ltd.
Honeywell International Inc.

Electronic Chemicals Market Research Segmentation

By Product Type:

Electronic Gases
CMP Slurries and Pads
Photoresists
Wet Chemicals
Specialty Gases

By Application:

Semiconductor & IC
PCB (Printed Circuit Boards)
Photovoltaic (PV)

By End Use:

Consumer Electronics
Computers & Office Equipment
Communication
Industrial Electronics
Automotive Electronics
Aerospace & Defense

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33581

1. Executive Summary

1.1. Global Electronic Chemicals Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Electronic Chemicals Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Application
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Application Landscape

3. Global Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global Electronic Chemicals Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Product Type, 2019-2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
  - 3.3.3.1. Electronic Gases
  - 3.3.3.2. CMP Slurries and Pads
  - 3.3.3.3. Photoresists
  - 3.3.3.4. Wet Chemicals
  - 3.3.3.5. Specialty Gases
  - 3.3.3.6. Others
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Electronic Chemicals Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Application, 2019-2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
  - 3.5.3.1. Semiconductor & IC
  - 3.5.3.2. PCB (Printed Circuit Boards)
  - 3.5.3.3. Photovoltaic (PV)
3.6. Market Attractiveness Analysis: Application
3.7. Global Electronic Chemicals Market Outlook: End-use Industry
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By End-use Industry, 2019-2023
- 3.7.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
  - 3.7.3.1. Consumer Electronics
  - 3.7.3.2. Computers & Office Equipment
  - 3.7.3.3. Communication
  - 3.7.3.4. Industrial Electronics
  - 3.7.3.5. Automotive Electronics
  - 3.7.3.6. Aerospace & Defense
  - 3.7.3.7. Others
3.8. Market Attractiveness Analysis: End-use Industry

4. Global Electronic Chemicals Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Region, 2019-2023
4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Application
- 5.3.4. By End-use Industry
5.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 5.5.1. Electronic Gases
- 5.5.2. CMP Slurries and Pads
- 5.5.3. Photoresists
- 5.5.4. Wet Chemicals
- 5.5.5. Specialty Gases
- 5.5.6. Others
5.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 5.6.1. Semiconductor & IC
- 5.6.2. PCB (Printed Circuit Boards)
- 5.6.3. Photovoltaic (PV)
5.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 5.7.1. Consumer Electronics
- 5.7.2. Computers & Office Equipment
- 5.7.3. Communication
- 5.7.4. Industrial Electronics
- 5.7.5. Automotive Electronics
- 5.7.6. Aerospace & Defense
- 5.7.7. Others
5.8. Market Attractiveness Analysis

6. Europe Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Application
- 6.3.4. By End-use Industry
6.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 6.5.1. Electronic Gases
- 6.5.2. CMP Slurries and Pads
- 6.5.3. Photoresists
- 6.5.4. Wet Chemicals
- 6.5.5. Specialty Gases
- 6.5.6. Others
6.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 6.6.1. Semiconductor & IC
- 6.6.2. PCB (Printed Circuit Boards)
- 6.6.3. Photovoltaic (PV)
6.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 6.7.1. Consumer Electronics
- 6.7.2. Computers & Office Equipment
- 6.7.3. Communication
- 6.7.4. Industrial Electronics
- 6.7.5. Automotive Electronics
- 6.7.6. Aerospace & Defense
- 6.7.7. Others
6.8. Market Attractiveness Analysis

7. East Asia Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Application
- 7.3.4. By End-use Industry
7.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 7.5.1. Electronic Gases
- 7.5.2. CMP Slurries and Pads
- 7.5.3. Photoresists
- 7.5.4. Wet Chemicals
- 7.5.5. Specialty Gases
- 7.5.6. Others
7.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 7.6.1. Semiconductor & IC
- 7.6.2. PCB (Printed Circuit Boards)
- 7.6.3. Photovoltaic (PV)
7.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 7.7.1. Consumer Electronics
- 7.7.2. Computers & Office Equipment
- 7.7.3. Communication
- 7.7.4. Industrial Electronics
- 7.7.5. Automotive Electronics
- 7.7.6. Aerospace & Defense
- 7.7.7. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Application
- 8.3.4. By End-use Industry
8.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 8.5.1. Electronic Gases
- 8.5.2. CMP Slurries and Pads
- 8.5.3. Photoresists
- 8.5.4. Wet Chemicals
- 8.5.5. Specialty Gases
- 8.5.6. Others
8.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 8.6.1. Semiconductor & IC
- 8.6.2. PCB (Printed Circuit Boards)
- 8.6.3. Photovoltaic (PV)
8.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 8.7.1. Consumer Electronics
- 8.7.2. Computers & Office Equipment
- 8.7.3. Communication
- 8.7.4. Industrial Electronics
- 8.7.5. Automotive Electronics
- 8.7.6. Aerospace & Defense
- 8.7.7. Others
8.8. Market Attractiveness Analysis

9. Latin America Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Application
- 9.3.4. By End-use Industry
9.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 9.5.1. Electronic Gases
- 9.5.2. CMP Slurries and Pads
- 9.5.3. Photoresists
- 9.5.4. Wet Chemicals
- 9.5.5. Specialty Gases
- 9.5.6. Others
9.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 9.6.1. Semiconductor & IC
- 9.6.2. PCB (Printed Circuit Boards)
- 9.6.3. Photovoltaic (PV)
9.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 9.7.1. Consumer Electronics
- 9.7.2. Computers & Office Equipment
- 9.7.3. Communication
- 9.7.4. Industrial Electronics
- 9.7.5. Automotive Electronics
- 9.7.6. Aerospace & Defense
- 9.7.7. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Electronic Chemicals Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Application
- 10.3.4. By End-use Industry
10.4. Current Market Size (US$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Product Type, 2024-2031
- 10.5.1. Electronic Gases
- 10.5.2. CMP Slurries and Pads
- 10.5.3. Photoresists
- 10.5.4. Wet Chemicals
- 10.5.5. Specialty Gases
- 10.5.6. Others
10.6. Current Market Size (US$ Bn) and Volume (Units) Forecast By Application, 2024-2031
- 10.6.1. Semiconductor & IC
- 10.6.2. PCB (Printed Circuit Boards)
- 10.6.3. Photovoltaic (PV)
10.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 10.7.1. Consumer Electronics
- 10.7.2. Computers & Office Equipment
- 10.7.3. Communication
- 10.7.4. Industrial Electronics
- 10.7.5. Automotive Electronics
- 10.7.6. Aerospace & Defense
- 10.7.7. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2024
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Electronic Watches
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. BASF SE
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Air Products and Chemicals Inc.
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. The Dow Chemical Company
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Merck KGaA (known as EMD Performance Materials in North America)
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. SUMCO Corporation
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. JSR Corporation
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Shin-Etsu Chemical Co., Ltd.
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Cabot Corporation
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Microelectronics Corporation
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Tokyo Ohka Kogyo Co., Ltd.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Honeywell International Inc.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations