Electronic Chemicals & Materials Market worth $59 Billion by 2019
- Written by KimCarter
Browse 75 market data tables and 34 figures spread through 226 slides and in-depth TOC on “Electronic Chemicals & Materials Market - Regional Trends & Forecast to 2019"
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It also identifies the driving and restraining factors for the electronic chemicals market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the revenue has been forecasted on the basis of major regions such as North America, Asia-Pacific, Europe, and Rest of the World (ROW). Further, the market is segmented and revenues are forecasted on the basis of major applications of electronic chemicals in various electronic components such as consumer electronics, flat panel displays and others.
Semiconductors & IC - major market for electronic chemicals
The electronic chemicals market is segmented into following types: silicon wafer, PCB laminate, photoresist, specialty gases, wet chemicals, low*k dielectrics, and others where PCB laminates, photoresists are also called as electronic materials. Each type of electronic chemical has its own properties and applications. These individual electronic chemicals or electronic materials have application specific demands that are differentiated by placement, cost, and efficiency. Silicon wafers are used as base electronic materials in semiconductor applications and manufacturing. Low-k dielectrics are the latest and are especially used in high-end integrated circuit applications. The use of these electronic chemicals increases the efficiency of their applications.
Global electronic chemicals market to reach $59 billion by 2019
The market for electronic chemicals and electronic materials in terms of revenue is expected to reach $59 billion by 2019, growing at a CAGR of 6.3% from 2014 to 2019. Asia-Pacific dominated the electronic chemicals market revenues in 2013. Asia-Pacific is expected to remain the major by 2019, growing at a CAGR of 7.0% from 2014 to 2019. ROW is expected to be the fastest growing markets, growing at a CAGR of 6.5% from 2014 to 2019. Europe and North America are experiencing a comparatively slower growth rate for next five years, with CAGR of 4.0% and 2.8% respectively from 2014 to 2019, owing to rising consumption in Asia-Pacific region, where end-user markets of electronic chemicals are growing aggressively.
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ROW and Asia-Pacific accounted for more than 78% of the electronic chemicals revenues in 2013
ROW is the second fastest growing market for electronic chemicals and electronic materials in the next five years. Asia-Pacific is the largest, with major developments in China, Japan, Taiwan and South Korea. ROW and Asia-Pacific together accounted for 78% of the electronic chemicals and electronic materials revenue in 2013. These two regions are expected to compete with each other to dominate the market by 2019, with advanced technological developments in electronic chemicals and electronic materials for end-users. Asia-Pacific is expected to remain the major by 2019, with high investments in emerging applications due to growing population and demand.