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World Market for Electronic Chemicals Forecast to Reach $31.8 Billion in 2012

Published on November 11, 2008 at 10:23 PM

The highly complex, technology-intensive and diverse global electronics market, valued at several billions of dollars, is expected to post a strong average annual growth rate in the short-term. Growth will be influenced by important trends in the market, which will boost demand for wafers, IC devices, software and components, PCBs, materials, equipment, services and semiconductor packaging.

New developments in the sector would be propelled by newer geographical markets as well as technological advancements such as wireless communications, man-machine interface, pervasive computing and video digitization that would create new markets while simultaneously regenerating older ones. Advancements would in turn be facilitated by the availability of SoC (systems-on-chip) technology, digital signal processors and more adaptable microprocessors. Other major emerging technologies include CMP slurries with higher selectivity; dual damascene processes; extensive acceptance of 300mm wafers; and precursor materials for barrier layers and low-k dielectrics. Copper and tantalum targets for seed and barrier layers; cleaning and etching gases with higher selectivity; deep UV 193mm and 248mm lithography and cleaning and etching chemicals with higher selectivity are some of the other emerging technologies.

Asia Pacific leads the world electronic chemicals market with a CAGR of over 14%, as stated by Global Industry Analysts, Inc. Technological advancements, stable end-use demand and ever-increasing Asian consumption is projected to propel the world market value to US$31.8 billion in 2012. A slower growth rate is forecast for major regions including Europe, United States and Japan. The growth rates reveal a continuing cycle in the semiconductor segment despite the absence of economic cycles. The semiconductor business cycle is likely to be stable in end-market demand compared to the PC-driven cycle during the mid-1990s and the telecom and dot-com cycle between in early 2000s.The market for packaging and substrates is forecast to reach a value of US$8.5 billion by 2015. Photoresists & adjuncts is projected to be valued at US$6.5 billion in 2011 while semiconducting materials is expected to record robust growth through 2012.

Key market participants include Air Products and Chemicals, BASF SE, Gentek, Kanto Chemical Co., Rohm and Haas Electronics and Electronic Devices, OM Group, Silecs, Shin-Etsu Chemical Co., Sumitomo Chemical, and Tokyo Ohka Kogyo Co.

The report titled "Electronic Chemicals: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, product introductions/innovations, and recent industry activity. The report provides market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, and Rest of World. The study also analyzes the Electronic Chemicals market by the following product segments - Packaging & Substrates; Photoresists & Adjuncts; Electronic Gases, Semiconducting Materials; and other electronic chemicals.

For more details about this research report, please visit http://www.strategyr.com/Electronic_Chemicals_Market_Report.asp

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