At 4.5% CAGR, South & Central America Electronic Chemicals Market is Projected to be Worth US$ 1,381.79 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America electronic chemicals market was valued at US$ 969.70 million in 2022 and is expected to reach US$ 1,381.79 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Adoption of nanotechnology in electronic devices and emerging applications in renewable energy are among the critical factors attributed to drive the South & Central America electronic chemicals market growth.

Nanotechnology has enabled the development of nanoelectronic devices and components, such as nanoscale transistors, nanowire-based sensors, Organic light-emitting diodes, electronic paper, and quantum dot displays. These nanoelectronic devices have the potential to overcome the drawbacks of conventional silicon-based electronics and offer a promising future for sensor technology. It has a wide range of applications in flexible electronic devices such as wearable technology, flexible displays, and biomedical devices. Nanotechnology is also utilized in various devices such as digital cameras, televisions, mobile phones, computers, and laptops. In October 2023, Teledyne Technologies launched a nano-drone with upgraded sensors. The device is integrated with a daytime camera, a thermal imager, and a software-defined data system. In 2021, Somalytics Inc launched two nano-based capacitive sensors-the SomaControl gesture monitor and the SomaSense 3D floor mat. Electronic chemicals are used to synthesize nanomaterials using sol-gel processes or electrochemical deposition. Nanomaterials require specific surface chemistries to enhance sensitivity, selectivity, and stability. Thus, electronic chemicals are used to functionalize the surface of nanomaterials. Therefore, the adoption of nanotechnology in electronic devices is anticipated to create research opportunities in the electronic chemicals market during the forecast period.

On the contrary, stringent environmental and regulatory requirements hampers the growth of South & Central America electronic chemicals market.

Based on product type, the South & Central America electronic chemicals market is categorized into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment held 26.0% market share in 2022, amassing US$ 251.67 million. It is projected to garner US$ 370.61 million by 2030 to register 5.0% CAGR during 2022-2030.

In terms of end use, the South & Central America electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The printed circuit boards segment held 31.1% share of South & Central America electronic chemicals market in 2022, amassing US$ 301.19 million. It is anticipated to garner US$ 419.77 million by 2030 to expand at 4.2% CAGR during 2022-2030.

Based on country, the South & Central America electronic chemicals market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 60.2% share of South & Central America electronic chemicals market in 2022. It was assessed at US$ 583.27 million in 2022 and is likely to hit US$ 871.89 million by 2030, registering a CAGR of 5.2% during 2022-2030.

Key players operating in the South & Central America electronic chemicals market are FUJIFILM Holdings Corp, Hitachi High-Tech Corp, Solvay SA, BASF SE, Linde Plc, and Honeywell International Inc, among others.

• In October 2023, Entegris Inc's electronic chemicals division (formerly CMC Materials KMG Corp) was acquired by Fujifilm Corp. With the addition of FUJIFILM Electronic Materials Process Chemicals, Fujifilm will be able to provide its clients with a more diverse range of electronic chemicals.
  
  
• In February 2024, Hitachi High-Tech Corporation conducted a proof of concept (PoC) trial using Chemicals Informatics (CI) and Materials Informatics (MI) to improve the efficiency of developing metal thin film materials used in electronic and other devices. The PoC demonstrated an overall workload reduction of more than 80% when developing new materials.

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