Electronic Chemicals and Materials Market Share

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.