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.
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“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.
“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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