Thriving consumer electronics industry to drive the demand for electronic chemicals and materials
Over the past few years, the consumer electronics industry witnessed a dramatic growth. The availability of devices such as mobiles, TVs, and computers at affordable prices and increase in disposable income of consumers are the key factors fueling the growth of consumer electronics market. The penetration of smartphones has increased significantly in majority of the emerging countries including India, Brazil, the UAE, among others. Therefore, manufacturers are using cost effective materials to lower the overall fabrication and production costs and develop affordable products. These strategies are expected to further increase the market penetration of consumer electronic devices. Thus, the growth of global electronics industry is propelling the demand for electronic chemicals and materials, driving the market growth.
Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into specialty gases, photoresist chemicals, conductive polymers, PCB laminates, silicon wafers, others. Based on application, the market is segmented into semiconductors and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
High utilization in semiconductors
The semiconductors industry uses a myriad of electronic chemicals and materials including conductive materials, insulators, specialty gases, and silicon wafers. Semiconductors are employed in the production of various electronic components such as transistors, integrated circuits, and diodes. These components are used to design electronic devices such as mobile phones, televisions, smartwatches, and computers. There is a high demand for smartphones, smartwatches, and other electronic devices due to improving lifestyle pf people, rise in per-capita income, and rapid urbanization. Thus, the rising demand for electronic devices and high utilization of various chemicals and materials in semiconductors is driving the market growth.
Rising demand for electronic chemicals and materials to develop flat panel display
The rising demand for LED and OLED televisions is boosting the electronic chemicals and materials market. Manufacturers of flat panel displays are highly concentrated in China, South Korea, and Taiwan and are dominating the global marketplace in terms of production and supply of flat panel displays. These displays can be found in cars, industrial equipment, personal computers, smartphones, and a variety of other goods. Liquid crystal displays (LCDs) are used in the majority of TV screens. Other display types used in televisions include organic light-emitting diodes (OLEDs) and quantum dots. LCDs and OLEDs are used in smartphone displays as well. A wide range of chemicals and materials are used to develop flat panel displays. Thus, a rising demand for flat panel displays across the globe is driving the growth of electronic chemicals and materials market.
Recent strategic developments in electronic chemicals and materials market
The electronic chemicals and materials market has undergone several significant developments, and a few of these have been mentioned below:
The electronic chemicals and materials market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Linde plc, Air Products, BASF SE, Hitachi Chemical, Air Liquide, and Solvay AG are among the prominent players operating in the market.
Target audience for the report:
Scope of the report:
In this report, the market has been segmented on the basis of:
Companies profiled
- Linde plc
- Air Products
- BASF SE
- Hitachi Chemical
- Air Liquide
- Solvay AG