Electronic Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Silicon Wafers, PCB Laminates, Specialty Gases, Wet Chemicals, Photoresist Chemicals and Others), By End-Use (Semiconductors {Integrated Circuits and Printed Circuit Boards}, Others), By Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 68.14 Billion
CAGR (2026-2031)	6.17%
Fastest Growing Segment	Semiconductor
Largest Market	Asia Pacific
Market Size (2031)	USD 97.59 Billion

Market Overview

The Global Electronic Materials Market will grow from USD 68.14 Billion in 2025 to USD 97.59 Billion by 2031 at a 6.17% CAGR. Electronic materials comprise specialized solid-state substances, such as semiconductors, conductors, and dielectrics, which are essential for fabricating electronic components and integrated circuits. The sector’s expansion is primarily driven by structural factors including the widespread deployment of 5G infrastructure, the electrification of the automotive industry, and the rising necessity for high-performance computing in artificial intelligence. These fundamental drivers provide long-term stability distinct from transient market trends. According to SEMI, in 2024, global semiconductor materials market revenue increased 3.8% to $67.5 billion.

Despite this positive trajectory, a significant challenge impeding market expansion is the intensification of geopolitical trade tensions and export controls. These regulatory barriers disrupt established global supply chains and restrict access to critical raw materials, creating substantial operational uncertainty and cost volatility for manufacturers.

Key Market Drivers

The accelerated adoption of artificial intelligence and high-performance computing hardware constitutes a primary catalyst for the electronic materials sector. As data centers upgrade infrastructure to support large language models and generative AI workloads, there is an intensifying requirement for advanced logic and memory chips. This surge directly necessitates specialized process chemicals, photoresists, and substrates capable of supporting smaller nodes and complex packaging architectures. The heightened production of graphics processing units and accelerators creates a continuous pull for upstream manufacturing inputs. According to the Semiconductor Industry Association, October 2024, in the 'Global Semiconductor Sales Increase 20.6% Year-to-Year in August' press release, monthly global sales reached $53.1 billion, underscoring the robust hardware demand that fuels material consumption.

Simultaneously, the rapid electrification and digitization of the automotive industry are fundamentally reshaping material requirements through the transition to electric vehicles and autonomous driving systems. This shift elevates the consumption of compound semiconductor materials, particularly silicon carbide and gallium nitride, which are vital for power management in inverters and charging modules. Additionally, the integration of advanced driver-assistance systems increases the volume of silicon required per vehicle for sensors and processing units. According to the International Energy Agency, April 2024, in the 'Global EV Outlook 2024', electric car sales are projected to reach 17 million units in 2024, creating a sustained trajectory for material procurement. Reflecting the broader recovery in manufacturing inputs, According to SEMI, in 2024, global silicon wafer shipments rose 7.1% quarter-over-quarter during the second quarter.

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Key Market Challenges

The intensification of geopolitical trade tensions and export controls serves as a formidable barrier to the Global Electronic Materials Market by disrupting the intricate, cross-border supply chains necessary for material procurement. These regulatory restrictions sever access to essential raw inputs and specialized chemicals, forcing manufacturers to navigate complex compliance landscapes that introduce significant delays and inflate operational costs. The fragmentation of these global trade networks prevents the seamless flow of resources, creating an environment of uncertainty that discourages aggressive production scaling and inventory accumulation.

Consequently, this geopolitical friction directly dampens the consumption volumes of foundational electronic substances, as manufacturers scale back operations to mitigate risk. The impact of these disruptions is quantifiable in the reduced movement of core industry components, effectively decoupling market performance from the potential demand driven by end-user applications. According to SEMI, in 2024, global silicon wafer shipments were projected to decline by 2% to 12,174 million square inches. This contraction underscores how trade barriers and market volatility physically restrict the throughput of critical materials, preventing the industry from realizing its full growth potential despite technological advancements.

Key Market Trends

The Emergence of Glass Core Substrates for Advanced Packaging is transforming the material landscape as manufacturers seek alternatives to organic substrates for high-performance computing applications. Glass offers superior dimensional stability, flatness, and thermal properties, enabling finer interconnect pitches that are essential for next-generation AI processors and 3D stacking architectures. This technological shift is a key component of the broader expansion in the packaging sector, where materials are evolving to support complex heterogeneous integration rather than traditional scaling. According to SEMI, April 2025, in the '2024 Global Semiconductor Materials Market Posts $67.5 Billion in Revenue' report, global packaging materials revenue grew 4.7% to $24.6 billion in 2024, reflecting the critical role of advanced substrates in scaling semiconductor performance.

The Transition to PFAS-Free and Eco-Friendly Chemical Formulations is reshaping material development as the industry navigates stringent environmental regulations targeting per- and polyfluoroalkyl substances. Suppliers are actively reformulating critical inputs, such as photoresists and antireflective coatings, to eliminate hazardous chemicals while maintaining the purity and etch resistance required for extreme ultraviolet (EUV) lithography. To support this green transition, companies are ramping up infrastructure investments to create sustainable supply chains that comply with emerging global standards. For instance, according to Fujifilm, November 2025, in the 'Fujifilm Announces Completion of a New Building for Advanced Semiconductor Materials in Shizuoka' press release, the company invested 13 billion yen to establish a facility dedicated to developing environmentally sustainable, PFAS-free semiconductor materials.

Segmental Insights

The Semiconductor segment currently stands as the fastest growing category in the Global Electronic Materials Market, largely due to the accelerating adoption of artificial intelligence and high performance computing. Industry analysis indicates that the expansion of 5G telecommunications and the automotive sector's transition toward electric vehicles are significantly fueling the consumption of advanced fabrication materials. Moreover, the production of complex integrated circuits with smaller process nodes requires specialized substrates and high purity chemicals to ensure reliability. This consistent demand for enhanced material performance ensures that the Semiconductor segment remains the primary contributor to overall market expansion.

Regional Insights

Asia Pacific maintains the leading position in the global electronic materials market, driven by its extensive semiconductor manufacturing and electronics production ecosystem. Major industrial hubs in China, Taiwan, Japan, and South Korea generate consistent demand for processing chemicals and substrates used in component fabrication. This regional strength is reinforced by established supply chains and favorable industrial policies that prioritize electronics manufacturing. Additionally, the rising consumption of consumer electronic devices across these economies sustains the need for high-volume material inputs, solidifying Asia Pacific as the primary geographic segment for this sector.

Recent Developments

• In September 2025, Merck Electronics entered into a strategic collaboration with Tata Electronics to support the development of a semiconductor fabrication facility in Dholera, India. Through a memorandum of understanding signed at a major industry event, the company agreed to supply high-purity electronic materials, advanced gas and chemical delivery systems, and turnkey infrastructure services for the project. The partnership also encompassed the provision of AI-based data analytics solutions to enhance manufacturing efficiency. This agreement highlighted the company's commitment to strengthening the semiconductor ecosystem in India and providing essential materials expertise for the production of chips used in automotive, mobile, and artificial intelligence applications.
• In August 2024, JSR Corporation announced a strategic decision to significantly expand its development and production capabilities for advanced lithography materials. The company revealed plans to establish a new research and development center for metal oxide resists (MOR) in the Kanto region of Japan, aiming to facilitate closer collaboration with global partners and accelerate the commercialization of these critical materials for extreme ultraviolet (EUV) lithography. Simultaneously, the company committed to constructing a new manufacturing plant at its subsidiary in South Korea. This facility was designated to handle the final production processes for MOR, ensuring a stable local supply and quality assurance for major semiconductor manufacturers in the region.
• In July 2024, Resonac Corporation established a new collaborative consortium known as "US-JOINT" to accelerate research and development in advanced semiconductor packaging technologies. Based in Silicon Valley, this initiative brought together ten leading companies from the semiconductor materials and equipment sectors to focus on back-end processing innovations required for generative AI and autonomous driving systems. The consortium was designed to validate new packaging concepts, such as 2.5D and 3D integration, and to verify the performance of cutting-edge materials in real-time. This strategic move aimed to expand the company's open innovation activities beyond Japan and strengthen the global supply chain for next-generation semiconductor devices.
• In May 2024, the Electronics & Industrial business of DuPont announced the launch of a comprehensive portfolio of advanced circuit materials designed to support the growing demands of artificial intelligence and high-performance computing applications. During the International Electronic Circuits Exhibition in Shanghai, the company introduced the Riston DI1600 and DI1600M dry film photoresists, which are engineered to enable fine-line direct imaging for integrated circuit substrates. Additionally, the company unveiled the Solderon TS7000 series, a tin-silver micro-bump plating solution specifically formulated for next-generation high-bandwidth memory packaging. These innovations were developed to address critical industry challenges related to signal integrity, thermal management, and miniaturization in advanced electronic devices.

Key Market Players

• Dow Inc.
• BASF SE
• Samsung Electronics Co., Ltd.
• LG Chem Ltd.
• Sumitomo Chemical Co., Ltd.
• DuPont de Nemours, Inc.
• Hitachi Chemical Co., Ltd.
• Henkel AG & Co. KGaA
• Shin-Etsu Chemical Co., Ltd.
• JSR Corporation

By Application	By End-Use	By Region
Silicon Wafers PCB Laminates Specialty Gases Wet Chemicals Photoresist Chemicals and Others	Semiconductors {Integrated Circuits and Printed Circuit Boards} Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Electronic Materials Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Electronic Materials Market, By Application:

• Silicon Wafers
• PCB Laminates
• Specialty Gases
• Wet Chemicals
• Photoresist Chemicals and Others

• Electronic Materials Market, By End-Use:

• Semiconductors {Integrated Circuits and Printed Circuit Boards}
• Others

• Electronic Materials Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE