Electronic Materials Market Overviews
Electronic Materials Market size was valued at USD 62.7 Billion in 2023. The total Electronic Materials Market revenue is expected to grow by 6.2% from 2024 to 2030, reaching nearly USD 95.53 Billion
Electronic materials play a crucial role in the electrical, electronics, and microelectronics sectors. They are integral to the fabrication of integrated circuits, circuit boards, packaging materials, communication cables, optical fibers, displays, and various control and monitoring devices. This market is rapidly evolving, fueled by technological advancements and broad applications across multiple industries. To remain competitive and address the growing demand for sophisticated electronic materials, ongoing innovation and adaptation to emerging trends are essential. The Asia Pacific region leads the electronic materials market, primarily due to the presence of major electronics manufacturers in countries such as China, Japan, and South Korea. Significant investments in technology and a well-established supply chain further drive the growth of the market in this region.
Electronic Materials Market Scope and Methodology:
The rapid growth in consumer electronics—including smartphones, tablets, laptops, and wearable devices—is a major driver for the electronic materials market. The relentless pursuit of advanced features and innovations in these devices demands high-quality electronic materials to boost performance, minimize size, and enhance energy efficiency. Additionally, the trend towards miniaturization and multifunctionality in consumer electronics increases the need for specialized materials such as advanced semiconductors, substrates, and conductive inks.
Electronic Materials Market Regional Insights
Asia Pacific Electronic Materials Market dominated the global market with the largest share in 2023. In the region, India and China are the key markets for the electronic materials. The implementation of Extended Producer Responsibility (EPR) under the E-Waste (Management) Rules, 2016, significantly impacts India's electronics material market. It drives manufacturers to develop sustainable products and adopt recycling practices, leading to increased demand for eco-friendly materials. This shift promotes innovation in material design and strengthens the market for recycled components, fostering a circular economy. As per the study, the Chinese market is expected to grow rapidly during the forecast period. Guangdong SQ New Material Co., a Chinese electronics materials manufacturer, plans to invest $50 million in a new plant in Bac Ninh province, Vietnam. Specializing in thermal conductive materials and protective coatings, the move highlights China's expanding interest in Vietnam's northern industrial zones for electronics production and supply chain integration.
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Electronic Materials Market Segmentation
Based on Type: The Electronic Materials Market is divided into Specialty Gases, CMP Slurries, Conductive Polymers, Photoresist Chemicals, Low K Dielectrics, Wet Chemicals, Silicon Wafers, and PCB Laminates. In 2023, the Specialty Gases segment led the market, primarily due to their vital role in semiconductor manufacturing and advanced technology applications. Gases such as nitrogen, helium, argon, and fluorine compounds are indispensable for processes like chemical vapor deposition, etching, and doping. These processes are essential for the production of integrated circuits and other electronic components.
Electronic Materials Market Key Players
Dow Inc. (Midland, Michigan, USA)
DuPont (Wilmington, Delaware, USA)
JSR Corporation (Tokyo, Japan)
Shin-Etsu Chemical Co., Ltd. (Tokyo, Japan)
Linde Plc (Guildford, United Kingdom)
BASF SE (Ludwigshafen, Germany)
Solvay (Brussels, Belgium)
Air Liquide (Paris, France)
Resonac Holding Corporation (Tokyo, Japan)
Fujifilm Corporation (Tokyo, Japan)
Merck KGaA (Darmstadt, Germany)
Songwon (Ulsan, South Korea)
Mitsui Chemicals America, Inc. (New York, USA)
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Key questions answered in the Electronic Materials Market are:
- What is Electronic Materials ?
- What was the Electronic Materials market size in 2023?
- What is the growth rate of the Electronic Materials Market?
- Which are the factors expected to drive the Electronic Materials market growth?
- What are the different segments of the Electronic Materials Market?
- What growth strategies are the players considering to increase their presence in Electronic Materials ?
- What are the upcoming industry applications and trends for the Electronic Materials Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electronic Materials Market?
- Who are the leading companies and what are their portfolios in Electronic Materials Market?
- What segments are covered in the Electronic Materials Market?
- Who are the key players in the Electronic Materials market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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