Electronic Chemicals Market Report 2025 (Global Edition)

Global Electronic Chemicals Market Report 2025 Market Size Split by Produc (Atmospheric & Specialty Gases, , Photoresist Chemicals, , Wet Chemicals & Solvents, Others), by ???? (Ancillary Chemicals, ,...

Electronic Chemicals Market Report Description

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Competitive Landscape of the Electronic Chemicals Market

The competitive landscape of the Electronic Chemicals Market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized Electronic Chemicals companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

September 2023: Leading chemical manufacturer Resonac Corporation and AI-driven materials science startup Matmerize Inc. established a strategic partnership. The goal of this partnership is to completely transform the process of creating novel semiconductor materials for 6G technology. (Source: https://www.resonac.com/news/2023/09/22/2672.html) November 2023: The Japanese chipmaker Resonac is opening an R&D facility in Silicon Valley in order to foster innovation, concentrate on cutting-edge semiconductor packaging for artificial intelligence and emerging technologies, and broaden its global presence by improving brand recognition and providing superior customer service to American consumers. The center will be a complement to Resonac's current location in Japan when it opens in 2025. This action emphasizes how crucial specialized chip packaging is becoming to the semiconductor industry. (Source: https://www.reuters.com/technology/japans-resonac-open-chip-packaging-rd-centre-us-2023-11-22/ )

Top Companies Market Share in Electronic Chemicals Industry: (In no particular order of Rank)

• Bayer AG
• Albemarle Corporation
• Ashland Inc.
• BASF Electronic Chemicals(Germany)
• Air Liquide Holdings Inc.(France)
• AZ Electronic Materials Plc
• Honeywell International Inc.
• Cabot Microelectronics Corporation(USA)
• Linde Group(Germany)
• Dow Chemical Company(USA)
• KMG Chemicals Inc.
• Hitachi Chemical Company(Japan)
• Sumitomo Chemical
• Monsanto Electronic Materials Co.
• Brewer Science
• Drex-Chem Technologies
• EMD Performance Materials Corp.
• EKC Technology
• Fujifilm Electronic Materials
• HD Microsystems
• High Purity Products
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Electronic Chemicals Market

Which Region Dominates the Electronic Chemicals Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because the relentless march of miniaturization in the semiconductor industry necessitates the use of ever-more specialized electronic chemicals. North America is home to some of the world's leading chipmakers, who are constantly innovating and pushing the boundaries of what's possible. This creates a strong demand for cutting-edge electronic chemicals.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Electronic Chemicals Market due to several compelling reasons. In Asia Pacific, there is a sharp increase in the demand for consumer electronics such as computers, tablets, and smartphones. This is caused by several causes, such as growing internet penetration, rising disposable incomes, and rising urbanization. The Asia Pacific market for electronic chemicals is also significantly influenced by the automobile sector. Many major automakers are based in the area, and car production is growing quickly. Due to this, there is an increasing need for electronic components, which in turn raises the need for electronic chemicals.

The current report Scope analyzes Electronic Chemicals Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electronic Chemicals

According to Cognitive Market Research, the global Electronic Chemicals Market size was estimated at USD 59814.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 23925.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Electronic Chemicals Market with a market size of USD 18877.36 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The US semiconductor industry largely drives electronic chemicals. Specialized chemicals needed in the manufacturing of electronics such as computers and cell phones are becoming more and more in demand..
• The Canada Electronic Chemicals Market had a market share of USD 2871.08 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Numerous significant electronics manufacturers, including Celestica and BlackBerry, are based in Canada. One of the main sources of demand for electronic chemicals is these businesses.
• The Mexico Electronic Chemicals Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 2177.24 million in 2024.

Europe Electronic Chemicals

According to Cognitive Market Research, the global Electronic Chemicals Market size was estimated at USD 59814.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 17944.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Electronic Chemicals Market had a market share of USD 3014.64 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. The UK government has put policies in place to help the homegrown electronics sector, which helps the market for electronic chemicals.
• The France Electronic Chemicals Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1650.87 million in 2024.
• According to Cognitive Market Research, the Germany Electronic Chemicals Market size was valued at USD 3552.96 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. Germany's robust automobile sector is a significant user of electronic chemicals.
• The Italy Electronic Chemicals Market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 1543.21 million in 2024.
• The Russia Electronic Chemicals Market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 2781.36 million in 2024.
• The Spain Electronic Chemicals Market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 1471.43 million in 2024
• The Luxembourg Electronic Chemicals Market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 556.27 million in 2024.
• The Portugal Electronic Chemicals Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 376.83 million in 2024.
• The Greece Electronic Chemicals Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 215.33 million in 2024.
• Rest of Europe's Electronic Chemicals Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2781.36 million in 2024.

Asia Pacific Electronic Chemicals

According to Cognitive Market Research, the global Electronic Chemicals Market size was estimated at USD 59814.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 13757.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Electronic Chemicals Market size was valued at USD 6190.77 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. China is a significant producer and user of electronic chemicals. China is a major player in the industry because of its quick economic development, government programs supporting homegrown electronics manufacturing, and abundance of highly skilled workers..
• The Japan Electronic Chemicals Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1898.50 million in 2024.
• The India Electronic Chemicals Market had a market share of USD 1650.87 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The "National Policy on Electronics 2019" and the "Production Linked Incentive (PLI) scheme for electronics manufacturing," two of the Indian government's initiatives, are anticipated to increase domestic electronics production and draw significant international electronics manufacturers to establish operations in India. .
• The South Korea Electronic Chemicals Market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 1375.73 million in 2024.
• The Australia Electronic Chemicals Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 715.38 million in 2024.
• The South East Asia Electronic Chemicals Market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 949.25 million in 2024.
• The Rest of Asia Pacific Electronic Chemicals Market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 976.77 million in 2024.

South America Electronic Chemicals

According to Cognitive Market Research, the global Electronic Chemicals Market size was estimated at USD 59814.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 2990.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Electronic Chemicals Market size was valued at USD 1280.02 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In Latin America, Brazil is a particularly significant market for electronic chemicals. Market expansion is being driven by the nation's expanding electronics industry and increasing investments in technology infrastructure.
• Argentina Electronic Chemicals Market had a market share of USD 502.44 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The need for electronic chemicals is being driven by the surge in electronics production that Argentina is seeing, such as TVs and smartphones.
• Colombia Electronic Chemicals Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 266.17 million in 2024.
• Peru Electronic Chemicals Market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 245.24 million in 2024.
• Chile Electronic Chemicals Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 215.33 million in 2024.
• The Rest of Latin America Electronic Chemicals Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 481.50 million in 2024.

Middle East and Africa Electronic Chemicals

According to Cognitive Market Research, the global Electronic Chemicals Market size was estimated at USD 59814.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1196.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Electronic Chemicals Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 512 million in 2024. The demand for smartphones, computers, tablets, and other consumer electronics has surged in the GCC countries due to a growing population and rising disposable income. Consequently, this increases the need for the electronic chemicals needed to make them..
• The Egypt Electronic Chemicals Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 125.61 million in 2024.
• The South Africa Electronic Chemicals Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 189.01 million in 2024. The government's efforts to support local manufacturing and the country's expanding urbanization and disposable income are some of the reasons driving the electronics industry's rapid growth in South Africa. .
• The Turkey Electronic Chemicals Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 102.88 million in 2024.
• The Nigeria Electronic Chemicals Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 125.61 million in 2024.
• The Rest of MEA Electronic Chemicals Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 141.16 million in 2024.

Electronic Chemicals Market Analysis

Electronic Chemicals Market Product Type Segment Analysis

According to Cognitive Market Research, Wet Chemicals & Solvents stand out as the dominating category. Wet chemicals are highly sought after in many different applications, including integrated circuit fabrication, semiconductor manufacturing, display panels, televisions, LCDs, and LEDs. The use of wet chemicals has increased dramatically as a result of the devices' widespread expansion.

Atmospheric & Specialty Gases emerge as the fastest-growing category in the Electronic Chemicals Market. This is because the production of semiconductors and other cutting-edge electronic gadgets is driving up demand for these gases. The electronics industry uses specialty gases for a wide range of purposes, including During the semiconductor manufacturing process, undesirable material is removed from a wafer's surface using specialty gases. A semiconductor's electrical characteristics can be changed by introducing impurities into it using specialty gases. Wafers are coated with thin layers of material deposited using specialty gases. Electronic components, such as wafers, are cleaned using specialty gases.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Chemicals Industry. Request a Free Sample PDF!

Electronic Chemicals Market Type Segment Analysis

According to Cognitive Market Research, the dominating category is Wet Deposition and Gases. These substances are deposited thinly onto substrates, such as silicon wafers in semiconductors, using a liquid version of these chemicals. Copper electroplating, which produces the complex wiring inside a chip, is a popular use. Throughout the manufacture of semiconductors and integrated circuits (ICs), electronic vapors are employed in a variety of procedures. These gases are used for doping (adding impurities to affect electrical characteristics), oxidation, etching (removing material), and depositing thin coatings. Examples are oxygen, nitrogen, and dopant gases such as arsenic or boron.

The fastest-growing category in the Electronic Chemicals Market is CMP Slurries & Pads. The expansion of electronic devices such as computers, smartphones, and Internet of Things (IoT) gadgets has led to an increase in demand for semiconductors. Consequently, there is a demand for CMP slurries. Transistors get more compact and closely spaced as chip technology develops. This necessitates increasingly flatter and smoother wafer surfaces, which are only possible with very effective CMP slurries. Further driving the expansion of the CMP slurry market is the need for more potent and efficient semiconductors, which is being created by the deployment of 5G networks and the growing usage of artificial intelligence (AI).

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electronic Chemicals Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Integrated Circuits & Semiconductors. The huge number of electronic chemicals required in the intricate production procedures for these components is the reason for their supremacy. During the fabrication of integrated circuits, electronic chemicals are necessary for a number of processes, including oxidation, deposition, etching, and doping. The ever-rising demand for computers, mobile devices, and consumer electronics further fuels the need for these compounds.

The fastest-growing category in the Electronic Chemicals Market is Photovoltaic. Solar radiation is used by photovoltaic (PV) cells to produce electricity. Essential parts of the solar panel manufacturing process are electronic chemicals. Among the essential substances employed are These serve as the solar cell's foundation and are chemically treated to increase their capacity to absorb light. These substances are utilized to form the positive-negative junction that the silicon wafer needs in order to produce energy. These coatings contribute to the solar cell's increased efficiency by reducing the quantity of light that is reflected away from it. These components guarantee the solar cell's long-term reliability and shield it from the elements.

• Integrated Circuits & Semiconductor
• Flat Panel Displays & Light Emitting Diodes
• Photovoltaic
• Printed Circuit Boards
• Others

Electronic Chemicals By Distribution Segment Analysis

Distribution Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Indirect Sales. The market for electronic chemicals is typically thought to be dominated by indirect sales. This is due to the fact that distributors can benefit both the producer of electronic chemicals and the final consumer in a number of ways. Distributors can give manufacturers access to a larger market and their knowledge in marketing and logistics. Distributors can offer a one-stop shop for a range of electronic chemicals, along with technical assistance and usage guidance, to the end user.

The fastest-growing category in the Electronic Chemicals Market is Direct sales. High-purity, crucial-to-performance materials are frequently found in electronic chemicals. In order to guarantee quality control and technical support, direct sales from manufacturers to end-users (such as semiconductor fabs) may therefore be prevalent. Distributors, on the other hand, may also be important, particularly for smaller companies or niche markets.

• Direct/Institutional Sales
• Indirect Sales

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion