Electronic Chemicals and Materials Market Size

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.