Lucintel's latest market report analyzed that electronic chemical and material provides attractive opportunities in the semiconductor (integrated circuits and printed circuit boards) segment. The electronic chemical and material market is expected to reach $76.4 billion by 2028 with a CAGR of 4.8%. In this market, silicon wafers is the largest segment by type, whereas semiconductor is largest by application.
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Based on type, the electronic chemical and material market is segmented into specialty gas, CMP slurries, conductive polymers, photoresist chemicals, low K dielectrics, wet chemicals, silicon wafers, and PCB laminates. The silicon wafers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to high-quality materials, which are required in the manufacturing of semiconductors.
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The Electronic Chemical and Material Market is marked by the presence of several big and small players. Some of the prominent players offering electronic chemical and material include Air Liquide, Honeywell International, Eastman Chemical Company, Transene Company, Heraeus Holding, Air Products, BASF SE, Huntsman International, Linde plc, Cabot Corporation, and Hitachi.
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