Electronic chemicals are highly pure
chemicals like strippers, gases, acids, photo resists and so on, which are
useful in electronic applications like printed circuits boards (PCB),
integrated circuits (IC), flat screens, and semiconductor chips. For this
reason, the electronic chemical market follows the growth pattern of the
electronic market and allied industries like semiconductors.
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The market is categorized based on
type into semiconductors, acids and solvents, printed circuit boards (PCB), CMP
slurries, gases and polymers. The electronics market saw a decline of over 20%
due to the economic slowdown in 2008. Lower consumer income and decreasing
electronic sales were the primary reasons for this sharp decline.
Electronic chemicals are the key elements of modern day electronic equipment
and with the expanding electronic market; the demand for electronic chemicals
has seen a sharp rise. Technological innovation, which leads to development of
newer materials like advanced photo resists and k- dielectrics, is also
contributing substantially to the market. North America and Asia Pacific occupy
a major chunk of the market share and with the economies in Asia being boosted
by China and India, the market is set to witness a steady growth.
The growth is primarily expected in
the semiconductor and PCB sectors, and products like gases and acids have not
shown much signs of growth. The market for gases is expected to show a very
moderate growth, which would indirectly hamper the overall market. The major
opportunity lies in this segment, wherein the focus should be on increasing the
application areas for gases and acids and help the market grow at a better
rate. Also by improving chemical qualities, it would be easier to achieve lower
cost and assist in better integration in the current applications. Some of the
key players in this market include BASF, Bayer AG, Dow Chemicals, AkzoNobel N.V
and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
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business decisions by having complete insights of market and by making
in-depth analysis of market segments
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graphics and exemplified SWOT analysis of major market segments
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