Global Electronic Chemicals Market to Reach US$51.2 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 09, 2011
Follow us on LinkedIn – The electronic chemicals industry closely follows the growth pattern in the electronics and allied markets such as the semiconductor industry. Fortunes in chip industry are closely tied to industrial electronics, automotive electronics, consumer electronics, wireless communications, wired communications and data processing technologies – all of which witnessed significant disruptions in business activity/prospects during the recent recession. New developments in the sector, in future, would be propelled by newer geographical markets. Technological advancements such as wireless communications, man-machine interface, pervasive computing and video digitization would create new markets while simultaneously regenerating older ones. Advancements would in turn be facilitated by the availability of SoC (systems-on-chip) technology, digital signal processors and more adaptable microprocessors. The SoC technology, with an architecture that normally uses less power and is more reliable and economical than the multi-chip technology, is perceived to be the next big phase in the design of integrated circuits. Other major emerging technologies include CMP slurries with higher selectivity; dual damascene processes; extensive acceptance of 300mm wafers; and precursor materials for barrier layers and low-k dielectrics.
The market for electronic chemicals that find myriad applications in the production of printed circuit boards, semiconductors and other electronic components, is currently witnessing an increase in demand with the adverse impact of the economic crisis easing, resulting in the revival of bright market prospects. The sheer pervasiveness of electronic products in the modern world helped the global market for electronic chemicals witness a slow and gradual recovery post-recession. Given the broad ecosystem of microelectronics, a sharp and quick rebound in R&D investments in electronic materials is being witnessed. Continuous technological development in the area of electronic devices is a major factor fueling growth. Advanced electronic materials such as low-k dielectrics are expected to witness above-average growth in the ensuing years while opportunities are expected to emerge for existing chemical compositions as the industry focuses on enhanced compatibility and prices reductions.
The global market for electronic chemicals is forecast to see sizeable gains with the rapidly emerging mobile sector, more particularly, Tablet PCs and Smartphones, fuelling demand. Highly specialized electronic materials are used in these devices for obtaining longer battery life, higher screen resolution and enhanced camera features among other sophisticated attributes. Most of the electronic materials vital for the enhanced performance of these devices are rare elements, mined largely in China. In order to avert any possible future risks due to an unhealthy concentration of raw material supply, major companies world over are looking for rare element sources and have succeeded in identifying Kazakhstan and Mongolia as potential sources. Manufacturers in various regions are doing all that is possible to initiate extraction of these rare elements, while Japan takes the lead with exploration and smelting technologies for materials extraction in Vietnam. Usage of newer materials by mobile device manufacturers is also triggering growth for electronic chemicals.
Asia-Pacific stands tall as the undisputed leader in the electronic chemicals market, as stated by the new research report on Electronic Chemicals. The Asian market is also forecast to race ahead of other world regions, at the fastest CAGR of about 13.6%, through 2017. By product segment, the market for Packaging & Substrates represents the largest market. Photoresists & Adjuncts and Semiconducting Materials comprise some of the other important segments in the electronic chemicals market.
Key market participants profiled in the report include Air Products and Chemicals Inc, Air Liquide SA, BASF SE, Dow Chemical Company, Eternal Chemical (Guangzhou) Co. Ltd, Gentek Inc, Kanto Chemical Co., Inc, Linde AG, OM Group, Inc, Silecs, Inc, Shin-Etsu Chemical Co., Ltd, Sumitomo Chemical Company Limited, 3M, Avantor Performance Materials, Cabot Microelectronics, Hemlock Semiconductor Corporation, Huntsman International LLC, Macdermid Inc, Praxair, Inc, among others.
The research report titled Electronic Chemicals: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of industry and product overview, market trends and issues, product innovations, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Key product segments analyzed include Packaging & Substrates; Photoresists & Adjuncts; Electronic Gases; Semiconducting Materials; and Others. Market analytics are provided in value (US$ ) terms. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Electronic_Chemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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