December 10, 2015
Wellesley, Mass., December 10, 2015 – The migration of the electronics equipment market from western countries to the Asia-Pacific region, particularly to China, is a key driver of rapid growth in the region. BCC Research reveals in its new report this growth trend should continue during the next few years, which should steadily increase the region’s global market share.
Electronic chemicals and materials can be divided into two broad categories. Electronic chemicals consist mainly of gases, polymers, photoresist chemicals, wet chemicals and solvents, and some miscellaneous chemicals and metals. Electronic materials are composed mainly of wafers and chemical mechanical planarization slurries.
The global electronic chemicals and materials market is projected to reach $22.9 billion and $30.5 billion in 2015 and 2020, respectively, reflecting a five-year compound annual growth rate (CAGR) of 5.9%.
The wafers product market, the largest segment, should reach $7.9 billion and $10 billion in 2015 and 2020, respectively. The two fastest-growing segments, the photoresist chemicals market and wet chemicals and solvents market, should share identical five-year CAGRs of 8.4%.
The increase in demand for electronic chemicals and materials is related to overall growth in the production of electronic devices, as well as technological innovation that will create opportunities for new materials. New materials such as low-k dielectrics and advanced photoresists will see growth rates well above average, and opportunities also will emerge in existing technologies as chemical compositions improve and attain better compatibility and lower costs.
The Asia-Pacific countries (excluding Japan) represent the largest and fastest-growing geographical market for electronic chemicals and materials due to economic liberalization and rising incomes in countries such as China and India.
“These countries (again, excluding Japan) are the largest geographical market for electronic chemicals and materials, due to the rapid electronics market expansion and rising standards of living,” says BCC Research analyst Andrew McWilliams. “The growth of the end-user sectors of semiconductors and printed circuit boards in the region is also likely to be rapid in the coming years, driven by developing countries such as China and India where applications in computers, communications, consumer electronics, motor vehicles and the military are all expected to grow at high rates. “
Electronic Chemicals and Materials: The Global Market (SMC043D) examines the entire range of chemicals and materials used in the fabrication of integrated circuits and PCBs. The report identifies growth drivers, technology trends and patent activity. Projections of CAGRs through 2020 are included.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Electronic Chemicals and Materials: The Global Market( SMC043D )
Publish Date: Dec 2015
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