Electronic Chemicals and Materials Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Global Industry Analysis By Product Type (Silicon Wafers, Photoresist, Specialty Glasses, Wet Processing Chemicals PCB Laminates, and Others), By Application (Semiconductors (Integrated Circuits and Printed Circuits) and Others), and Region Forecast 2019 -2030

Electronic Chemicals and Materials Market size was valued at US$ 5,834.2 million in 2023 and is projected to grow at CAGR 10.2% from 2024 to 2030. The market for electronic chemicals and materials is expanding rapidly due to several important considerations. The growing market for cutting-edge electronics like wearables, tablets, and smartphones whose production calls for specialized materials and high-purity chemicals is one of the drivers. Furthermore, the need for complex electrical components is rising due to the quick development of technologies like 5G, AI, and the Internet of Things (IoT).The continuous development of novel electronic materials, such as enhanced photoresists and high-k dielectrics, which are necessary for next-generation semiconductor devices, presents opportunities in the market.

Moreover, new markets for electronic chemicals are opened by the development of electric cars and alternative energy technologies. Trends include an increasing emphasis on miniaturization and high-performance material that is driving innovation in both semiconductor manufacturing and electronic packaging. Other trends involve growing interest in sustainability with a search for 'green' or recyclable materials. Constraints include certain advanced electronic chemicals and materials being highly-priced, thereby rendering their use unviable in certain applications. Supply chain disruptions could also impact the availability of certain materials besides playing havoc with prices. It also faces regulatory challenges in environmental and safety standards that could impact market dynamics. The market is continuously expanding due to the rapid technological advancements in the industry and the high demand for sophisticated electronic products in the electronic chemicals and materials market.

Electronic Chemicals and Materials Market Key Developments:

• In April 2023: In response to the increasing demand for the two-in-one adhesive, which functions as both die-bonding film and dicing tape in semiconductor packaging, Resonac Corporation announced plans to raise production of "Dicing Die Bonding Film" at its Goi Plant in Kamisu City, Japan, by 60%. By 2026, the enlarged production facilities are expected to be operational.
• In January 2023: The independent packaged gas distributor NexAir, LLC was purchased by Linde in the United States. By taking this calculated risk, Linde will grow its current clientele and strengthen its position in the Southeast. In 2022, NexAir's sales were approximately US$ 400 million. Since 2012, Linde has owned a minority stake in NexAir; as of right present, it owns the remaining 77.2%.