North America Electronic Chemicals Market Forecast to 2030 - Regional Analysis - by Product Type (CMP Slurries, Photoresist Chemicals, Wet Chemicals, Acids, and Others) and End Use (Semiconductors, Flat Panel Displays, Printed Circuit Boards, Photovoltaics, and Others)
The North America electronic chemicals market was valued at US$ 8,453.64 million in 2022 and is expected to reach US$ 13,273.91 million by 2030; it is estimated to register a CAGR of 5.8% from 2022 to 2030.
Growth of Semiconductor Industry Fuels North America Electronic Chemicals Market
The semiconductor industry is experiencing surging growth owing to the increasing demand for electronic devices and the proliferation of emerging applications such as artificial intelligence, Internet of Things, and automotive electronics. As a result of continuous innovation, semiconductor technology has evolved rapidly in the past few years, enabling the development of small, fast, and energy-efficient chips with better processing capabilities. Further, the growing investment in electrification of vehicles and the development of autonomous driving capabilities are creating lucrative business opportunities for semiconductor manufacturers. According to the Semiconductor Industry Association, global semiconductor sales increased from US$ 45.6 billion in November 2022 to US$ 48.0 billion in November 2023. The year-to-year sales of semiconductors increased in China by 7.6%, Asia Pacific by 7.1%, Europe by 5.6%, and the Americas by 3.5%. In July 2023, the US announced to collaborate with Costa Rica to "diversify and grow the global semiconductor ecosystem." A few days later, the US and Panama announced a similar alliance. The US semiconductor maker Intel declared that it would make a two-year investment of U$ 1.2 billion in Costa Rica. Electronic chemicals are used in manufacturing processes to enable the fabrication of integrated circuits, microprocessors, memory chips, and other semiconductor devices. Thus, the surging growth of the semiconductor industry is driving the electronic chemicals market.
North America Electronic Chemicals Market Overview
Electronic chemicals are used in various processing steps involved in the manufacturing of electronics, such as wafers and integrated circuits. Amines, solvents, surfactants, and dispersants, among others, are used in photoresist coating, etching, stripping, resist coating, and soldering processes. Major electronic companies such as Apple Inc, Robert Bosch Inc, DuPont de Nemours Inc, Foxconn, GE Medical Systems, Honeywell International Inc, IBM Corp, Intel Corp, Jabil, Lockheed Martin Corp, Northrop Grumman Corp, and Raytheon have their presence in North America. As per IPC International Inc report, small- and medium-sized electronic companies account for 80% of the electronics manufacturers. According to the Semiconductor Industry Association, semiconductor sales in the US, accounted for US$ 75 billion in 2022.
According to the International Organization of Motor Vehicle Manufacturers, North America registered a production of 14.79 million vehicles in 2022. As per a report by the American Automotive Policy Council, car sales are expected to exceed 17.7 million vehicles per year by 2025. According to the International Trade Administration data released in 2022, the automotive industry of Mexico is one of the major sectors, accounting for 3.5% of the country's gross domestic production and 20% of the manufacturing gross domestic production. Therefore, the increasing demand for consumer electronics, automotive electronics, and telecommunication devices is driving the demand for electronic components, which is subsequently expected to boost the electronic chemicals market.
North America Electronic Chemicals Market Revenue and Forecast to 2030 (US$ Million)
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North America Electronic Chemicals Market Segmentation
The North America electronic chemicals market is segmented into product type, end use, and country.
Based on product type, the North America electronic chemicals market is categorized into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment held the largest market share in 2022.
In terms of end use, the North America electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The semiconductors segment held the largest market share in 2022.
By country, the North America electronic chemicals market is segmented into the US, Canada, and Mexico. The US dominated the North America electronic chemicals market share in 2022.
FUJIFILM Holdings Corp, Songwon Industrial Co Ltd, PVS Chemical Solutions Inc, Hitachi High-Tech Corp, Solvay SA, BASF SE, Linde Plc, Honeywell International Inc, RBP Chemical Technology Inc, and Esprix technologies LP are some of the leading companies operating in the North America electronic chemicals market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electronic Chemicals Market Landscape
4.1 Overview
4.2 Porter's Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Electronic Chemicals Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Semiconductor Industry
5.1.2 Rising Demand for Flat-Panel Displays
5.2 Market Restraints
5.2.1 Stringent Environmental and Regulatory Requirements
5.3 Market Opportunities
5.3.1 Emerging Applications in Renewable Energy
5.4 Future Trends
5.4.1 Adoption of Nanotechnology in Electronic Devices
5.5 Impact of Drivers and Restraints:
6. Electronic Chemicals Market - North America Analysis
6.1 North America Electronic Chemicals Market Revenue (US$ Million), 2020-2030
6.2 North America Electronic Chemicals Market Forecast Analysis
7. North America Electronic Chemicals Market Analysis - By Product Type
7.1 CMP Slurries
7.1.1 Overview
7.1.2 CMP Slurries: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Photoresist Chemicals
7.2.1 Overview
7.2.2 Photoresist Chemicals: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Wet Chemicals
7.3.1 Overview
7.3.2 Wet Chemicals: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Acids
7.4.1 Overview
7.4.2 Acids: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
8. North America Electronic Chemicals Market Analysis - By End Use
8.1 Semiconductors
8.1.1 Overview
8.1.2 Semiconductors: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Flat Panel Displays
8.2.1 Overview
8.2.2 Flat Panel Displays: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Printed Circuit Boards
8.3.1 Overview
8.3.2 Printed Circuit Boards: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Photovoltaics
8.4.1 Overview
8.4.2 Photovoltaics: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
9. North America Electronic Chemicals Market - Country Analysis
9.1 North America Market Overview
9.1.1 North America: Electronic Chemicals Market Breakdown, by Key Country, 2022 and 2030 (%)
9.1.1.1 North America: Electronic Chemicals Market - Revenue and Forecast Analysis - by Country
9.1.1.2 United States: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 United States: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.2.2 United States: Electronic Chemicals Market Breakdown, by End Use
9.1.1.3 Canada: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Canada: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.3.2 Canada: Electronic Chemicals Market Breakdown, by End Use
9.1.1.4 Mexico: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Mexico: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.4.2 Mexico: Electronic Chemicals Market Breakdown, by End Use
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 FUJIFILM Holdings Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Songwon Industrial Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PVS Chemical Solutions Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hitachi High-Tech Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Solvay SA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BASF SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Linde Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Honeywell International Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 RBP Chemical Technology Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Esprix Technologies LP
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. North America Electronic Chemicals Market Segmentation
Table 2. List of Vendors
Table 3. North America Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by Product Type
Table 5. Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 6. North America: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by Country
Table 7. United States: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by Product Type
Table 8. United States: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 9. Canada: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by Product Type
Table 10. Canada: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
Table 11. Mexico: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by Product Type
Table 12. Mexico: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million) - by End Use
List of Figures
Figure 1. North America Electronic Chemicals Market Segmentation, by Country
Figure 2. Electronic Chemicals Market - Porter's Analysis
Figure 3. Ecosystem Analysis: Electronic Chemicals Market
Figure 4. Electronic Chemicals Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Electronic Chemicals Market Revenue (US$ Million), 2020-2030
Figure 7. Electronic Chemicals Market Share (%) - by Product Type (2022 and 2030)
Figure 8. CMP Slurries: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Photoresist Chemicals: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Wet Chemicals: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Acids: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Electronic Chemicals Market Share (%) - by End Use (2022 and 2030)
Figure 14. Semiconductors: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Flat Panel Displays: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Printed Circuit Boards: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Photovoltaics: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Others: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Electronic Chemicals Market, by Key Country - Revenue (2022) (US$ Million)
Figure 20. North America: Electronic Chemicals Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. United States: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Canada: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Mexico: Electronic Chemicals Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Heat Map Analysis by Key Players
Figure 25. Company Positioning & Concentration
- FUJIFILM Holdings Corp
- Songwon Industrial Co Ltd
- PVS Chemical Solutions Inc
- Hitachi High-Tech Corp
- Solvay SA
- BASF SE
- Linde Plc
- Honeywell International Inc
- RBP Chemical Technology Inc
- Esprix technologies LP
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electronic chemicals market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America electronic chemicals market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America electronic chemicals market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.