According to the new market research report “Electronic Wet Chemicals Market By Type, Form ( Solid Liquid, Gas), Application ( Semiconductor, IC Packaging, PCB),End-Use Industry (Consumer Goods, Automotive, Aerospace & Defence, Medical), And Region – Global Forecast To 2025“, The global electronic wet chemicals market size is expected to grow from USD 3.3 billion in 2020 to USD 3.9 billion by 2025, at a CAGR of 3.5%, during the forecast period. The major factors driving the market include growing consumption of electronic wet chemicals in the emerging clusters of APAC is mainly because of the rising per capita expenditure on consumer electronics products such as smartphones, laptops and others and abundant availability of raw materials and cheap labor force, and growing demand from various end-use industries such as automotive and consumer goods.
Don’t miss out on business opportunities in Electronic Wet Chemicals Market
Speak to our analyst and gain crucial industry insights that will help your business grow:
The electronic wet chemicals industry has been segmented based on type as acetic acid, isopropyl alcohol hydrogen peroxide, hydrochloric acid, ammonium hydroxide, hydrofluoric acid, nitric acid, phosphoric acid, sulfuric acid and others. Acetic acid segment accounted for the larger share of the market in 2019. The growth in this segment is attributed to the increase in use in integrated circuits and it serve as one of the main substrates for microelectronics. These factors are expected to drive the demand for electronic wet chemicals during the forecast period.
The market has been segmented based on application into semiconductor, IC Packaging, PCB and others. The semiconductor segment accounted for the largest share of the market in 2019 and is expected to witness significant growth during the forecast period. The growth in this segment is attributed to increasing consumption in the advanced electronics and consumer goods such as smartphones, laptops and others in emerging economies such as APAC. Furthermore, the demand for semiconductor is increasing in flat panel display and automotive industry. These factors are expected to drive demand during the forecast period.
Browse and in-depth TOC on “Electronic Wet Chemicals Market – Global Forecast to 2025”
164 – Tables
39 – Figures
185 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/electronic-wet-chemical-market-265979069.html
The global electronic wet chemicals market size is expected to grow from USD 3.3 billion in 2020 to USD 3.9 billion by 2025, at a CAGR of 3.5%, during the forecast period. The demand for electronic wet chemicals is primarily driven by the growing demand for electronic wet chemicals in the electronics and semiconductor industry. Furthermore, the consumption of electronic wet chemicals in the emerging clusters of APAC is increasing mainly because of the rising per capita expenditure on consumer goods and presence of electronic manufacturers in China, Taiwan and Japan. Apart from the above trends, the corona outbreak also has an impact on the electronic wet chemicals market as there is an increase in demand for hydrogen peroxide and isopropyl alcohol in disinfectant applications.
The rising demand for electronic wet chemicals from different end-use industries such as consumer goods, automotive, and medical are propelling the growth of the electronic wet chemicals market globally. However, factors such as the global economic slowdown and limited receiving terminal infrastructure in APAC could affect market growth.
Avantor Inc. (US), BASF SE (Germany), Cabot Microelectronics (US) and Kanto Chemical Co. Inc. (Japan) , Honeywell International Inc (US) and Solvay (Belgium) are some of the key players dealing in electronic wet chemicals globally. These companies have focused on expansion and mergers & acquisition as their key business strategies to be competitive in the market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=265979069
The Kanto Chemical Co. Inc invested around USD 63.7 million to expand its production facility in Taiwan to meet the growing demand of major local clients from semiconductors industry. This facility will increase the annual output of semiconductor products from 120,000 tons to 200,000 tons.
Solvay, one of the leading companies operating in the electronic wet chemicals market, opened a new hydrogen peroxide plant in China. It has a capacity of 24,000 tons for the production of integrated electronic circuits.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/electronic-wet-chemical-market.asp