Electronic chemicals & materials are used as main components in a variety of electronic applications. This includes all the chemicals & materials used for the manufacturing, fabrication and packaging of electronic devices such as semiconductors, integrated circuits, printed circuit boards, flat panel displays, and others. The global electronic chemicals and materials market was valued at $43,510 million in 2015, and is expected to grow at a CAGR of 6.1% from 2016 to reach $64,919 million by 2022.
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The world electronic chemicals & materials market is segmented by application into wafer fabrication chemicals & materials and packaging chemicals & materials. Wafer fabrication is a process for complete manufacturing of electronic devices such as integrated circuits, printed circuit boards, flat panel displays, and solar cells using various chemicals & materials. Doped silicon wafers are mainly used for the fabrication process. The technique of packaging provides interconnection to the electronic materials. It also provides mechanical and environmental protection to facilitate reliability and better performance. Electronic packaging is defined as the enclosure and protection of the features present in the product. The packaging chemicals & materials include lead frame packaging, organic substrates, ceramic packages, resins, bonding wires, die attach materials, and others.
Top Winning Strategy
The key players in the world electronic chemicals & materials market are adopting different key business strategies such as acquisition, expansion, product launch, agreement and merger to withstand competition in the global competitive market. The market players profiled in this report are electronic chemicals and materials manufacturers and chemical providers who serve the product globally to several end-user industries. The data pertaining to market players and their strategic moves are gathered through annual reports and press releases of respective companies, various blogs, available on the website, and primary calls made to the experts in the industry.
The above pie chart represents the percentages split of the strategies adopted by the top companies operating in the global electronic chemicals & materials market. Acquisition is the leading strategy adopted by the key players in this market followed by expansion, joint venture, merger, product launch, and agreement in order to widen their geographic reach in the electronic chemicals & materials market. Acquisition and expansion covers 46% and 39% share respectively out of the total number of strategies adopted by the leading companies during 20112016.
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Patents are valuable assets for the companies and are submitted to protect the newly originated technologies. The electronic chemicals and materials are used in the manufacturing and packaging of electronic devices such as semiconductors, integrated circuits, printed circuit boards, flat panel displays, solar cells, and others. The increased demand for the consumers for compact and more efficient electronic products performing with enhanced technological advancement has increased the R&D development in this field.
The government of different countries are also supporting the development of new technologies by providing funds and policies. This has resulted in the increase in the number of patent registration in this sector. The rise in demand for miniaturization of devices in IoT products as well as the 3D chips has enhanced patent registrations in the electronic materials sector as compared to the electronic chemicals. The patents related to electronic materials has accounted for 94.2% share of the total patents registered from 2013 to 2016.
The main steps involved in wafer fabrication include lithography, etching, deposition, CMP, oxidation, ion implantation, and diffusion. The increased growth in the computer and IT industry demands new developments and innovations for proper functionality and performance of electronic chemicals & materials at an effective cost. Rising preference for technologically advanced electronics drives the growth of the wafer fabrication market during the forecast period. The major trends in this market include miniaturization of the electronic devices, diversification of components with compact packaging, and integration of advance functions in a single device.
LAMEA is the second largest market for the electronic chemicals & materials market, accounting for a share of 15.2% of the total market in the year 2015 and is expected to grow at a CAGR of 5.5% in terms of value from 2016 to 2022. The consumer electronics industry in Turkey is expected to grow during the forecast period, as there is a continuous increase in demand for tablets from government institutions, investments in R&D, and increase in tourists shopping. The government encourages investments in the areas through the Large-scale Investment Incentive Scheme that favors the electronic industrys investments and other areas.
The companies have adopted product launches, expansions, mergers, and agreements in order to gain a competitive advantage in this market. Recently, in June 2016, Dow launched OPTILANE CMP slurry platform, which is used for the manufacturing of advanced semiconductor. This launch is expected to help company to improve its production with efficient performance and proper price. The key players profiled in the report include BASF SE, The Dow Chemical Company, JSM Corporation, Fujifilm, KMG Chemicals, Air Products and Chemicals Inc., Albemarle Corporation, Merck KGaA, Huntsman International LLC, Honeywell International Inc. The market dominance of these companies is characterized by their vast product portfolio of electronic chemicals and materials, high investment in R&D, and strong distribution network.
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ELECTRONIC CHEMICALS & MATERIALS MARKET KEY BENEFITS
The report provides extensive analysis of factors, which drive or restrict the growth of the world electronic chemicals and materials market.
The market projections for period 2014-2022 have been included coupled with the impacting factors.
The report also provides quantitative as well as qualitative trends to assist the stakeholders in understanding the market scenario.
In-depth analyses of key segments of the market demonstrate the consumption pattern of electronic chemicals and materials for different applications across various end user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
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