Electronic Chemicals and Materials Market size was over USD 60.83 billion in 2024 and is projected to cross USD 127.6 billion by the end of 2037, growing at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electronic chemicals and materials is estimated at USD 63.7 billion.
The market is growing on the back of increasing demand for semiconductors, which in turn is expanding with the rising demand for electronic products, such as smartphones, laptops, and smart home gadgets, as well as the expanding use of technologies such as the Internet of Things (IoT) and autonomous cars. For instance, the global sales revenue for the semiconductor industry increased by 7% to $48.6 billion in July 2022 from $44.9 billion in July 2021.
The worldwide electronic industry's expanding demand for chemicals and materials is propelling the market's expansion. To improve semiconductors' performance, these electronic chemicals and materials are used for their etching, cleaning, and maintenance. Additionally, the electronics industry's technological development is anticipated to accelerate market expansion. Global demand for microelectromechanical systems and nanoelectromechanical systems incorporating nanotechnology has greatly expanded market prospects. The demand for IoT-driven devices and AI for enhanced and secure performance has also increased with the trend towards connected devices and smart technologies. With more than 10 billion IoT devices connected globally in 2020, the demand for electronic chemicals and materials is bound to grow.
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.9% |
Base Year Market Size (2024) |
USD 60.83 billion |
Forecast Year Market Size (2037) |
USD 127.6 billion |
Regional Scope |
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Application (Semiconductors, ICs, Display Panels, Metallurgy)
The global electronic chemicals and materials market is segmented and analyzed for demand and supply by application into semiconductors, ICs, display panels, and metallurgy. Out of these segments, the semiconductors segment is expected to keep holding the largest market share by 2037. This is based on the fact that electronic chemicals and materials are most extensively used to improve the performance of semiconductors by etching, cleaning, and maintenance. Semiconductors are projected to be one of the most demanded products in the coming future, as an anticipated 7 trillion USD are projected to be invested in digital transformation by 2023 around the globe.
Type (Specialty Gases, CMP Slurries, Photoresist Chemicals, Conductive Polymers, Low K Dielectrics, Wet Chemicals, Silicon Wafers, PCB Laminates)
The global electronic chemicals and materials market is also segmented and analyzed for demand and supply by type into specialty gases, CMP slurries, photoresist chemicals, conductive polymers, low K dielectrics, wet chemicals, silicon wafers, and PCB laminates. Out of these segments, the silicon wafers segment is expected to keep holding the largest market share by 2037. This can be owed to the ever-growing use of silicon wafers across various devices and industries globally. For instance, it is estimated that over 17.2 billion square inches of silicon wafers will be sold globally in the coming two years.
Our in-depth analysis of the global market includes the following segments:
By Type |
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By Application |
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North American Market Forecast
The North American electronic chemicals and materials market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. This can be accredited to the fact that the United States alone holds more than 45% share of the world’s semiconductor industry. The semiconductor industry in the USA is a significant contributor to the country's economy and technology sector. The industry is one of the most advanced and competitive in the world, and it plays a crucial role in the development and production of semiconductors and electronic devices. The US government has also played a significant role in supporting the semiconductor industry, with initiatives such as the National Semiconductor Technology Center (NSTC) and the Semiconductor Research Corporation (SRC) providing funding for research and development. Apart from that, the U.S. is the global leader in semiconductor R&D and design that is further anticipated to boost the market’s growth in the region.
Air Liquide Electronics – To invest over 200 million Euros to increase manufacturing capabilities in Tainan and Hsinchu, Taiwan. The Group will be able to supply three high-volume semiconductor fabrication plants currently under construction in Tainan Science Park.
BASF SE - A contract between BASF and Entegris for the acquisition of the Precision Microchemicals division by Entegris for US$90 million was signed. The technology, intellectual property, and trademark transactions were completed by the end of 2021.
Author Credits: Rajrani Baghel
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