Global Electronic Chemicals Market to Reach $ 30 Billion by 2024
Growing
semiconductor industry coupled with increasing production of printed circuit
board products to serve huge demand from various end users like IT, automotive
and medical industries to drive global electronic chemicals market through 2024
According to TechSci Research
report, “Global Electronic Chemicals Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2014
– 2024’’, global electronic chemicals
market is forecast to reach $
29.96 billion by 2024, owing to surging demand from the growing
semiconductor industry and increasing miniaturization and sophistication of
electronic devices. Automotive industry is registering strong growth and demand
for electric cars is increasing, which in turn is booting the demand for
semiconductor chips for the manufacturing of circuit boards. Electronic
chemicals are used in automotive and electronic appliance sectors for the
manufacturing of chips and integrated circuits. Furthermore, digital
semiconductors, which are used in computers, servers, tablets, mobile phones
and consumer electronics, require special electronic chemicals for high-end
performance and production.
Browse 1 market data Table and 58 Figures spread
through 139 Pages and an
in-depth TOC on "Global Electronic Chemicals Market"
Gases segment dominated global
electronic chemicals market in 2018 and is expected to maintain its leading
market position in the coming years as well, owing to their use in large volume
and common usage during the production of semiconductors and IC. More than 20 different
gases are required for the production of integrated circuits. The growing
demand for integrated circuits due to applications in products such as automobiles,
computers and mobile phones is anticipated to drive the gases segment during
forecast period. Semiconductors & IC category holds the largest share in
global electronic chemicals market, as they are very important in mobile
phones, tablets, televisions, computers, etc.
“Every major industry is
going through the phase of scaling down size of its electronic components. Extensive
use in smaller chips will create a huge demand for CMP slurries in the coming years.
Companies such as Cabot and JSR Corp have teamed up with multiple electronic
chip manufacturers to design special CMP slurries, which can be used for
production of small-size high-performance chips. Moreover, solar industry is
registering growth, which is driving the demand for semiconductor & IC for production
of solar appliances. all these market developments would have a positive impact
on electronic chemicals market, globally, during the forecast period.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
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“Global
Electronic Chemicals Market By Type, By Application,
By Region, Competition, Forecast & Opportunities, 2014 – 2024” has evaluated the future
growth potential of electronic chemicals market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers to
take sound investment decisions. Besides, the report also identifies and
analyses the emerging trends along with essential drivers, challenges and
opportunities in global electronic chemicals market.
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