Electronic Chemicals and Materials Market to be Driven by Advancement in Technologies

Electronic chemicals and materials consist of high-purity chemical, gases, and materials that are used during the fabrication of printed circuit board, electronic semiconductor, liquid-crystal display, light emitting diodes (LEDs) and ICs.

Some of the primary segmentsof electronic chemicals and materials market are silicon wafer, PCB laminate, photoresist, specialty gases, CMP slurries, wet chemicals, and dielectrics. The rapidly rising demand for advanced electronic devices that offers various functionalities is a key factor driving the market demand; these advanced materials possess efficient heat dissipation properties, have high resistance and superb capacitance delay. The growing trend of electro migration would create abundant opportunities for the growth of the market across regions. Low-k dielectrics are prominently used for many integrated circuit applications, while silicon wafers are used as base materials in the design of semiconductor applications.

Furthermore, development of upgraded applications in electronics industry and various process developments in printed electronics would boost the growth of electronic chemicals market.

Technological advancements in technology such as adoption of quantum technology in making quantum cascade laser and modern vapor deposition for LEDs are some of the recent developments that would drive the growth of the global electronics chemicals and materials market. Recently, Australian technology innovator, BluGlass has partnered with HC SemiTek, a Chinese LED chip manufacturer, to review the advantages of using BluGlass’ Remote Plasma Chemical Vapour Deposition (RPCVD) for making green LEDs.

The Chinese chip manufacturer is scheduled to supply 4 inch wafers to BluGlass that helps in depositing RPCVD films. The RPCVD technology pioneered by BluGlass is a low-temperature manufacturing platform that helps in manufacturing higher performing devices such as LEDs and other power electronics at a reduced cost. Such developments are expected to give rise to advanced chemicals technology that will foster the growth of the market.

As per a recent report added by Big Market Research titled “Global Electronic Chemicals and Materials Market2016-2020”, the global electronic chemicals and materials market is forecast to grow at a CAGR of 5.08% during the period 2016-2020. Mergers & acquisition is a prominent strategy by key market players to consolidate their market positions across various regions. Major vendors profiled in the report are Air Products and Chemicals Inc., BASF SE, The DOW Chemical Company, Honeywell International Inc., and Huntsman Corp.