Electronic Materials Market - Global Industry Analysis and Forecast (2024 -2030)
Electronic Materials Market size was valued at USD 62.7 Billion in 2023. The total Electronic Materials Market revenue is expected to grow by 6.2% from 2024 to 2030, reaching nearly USD 95.53 Billion
Format : PDF | Report ID : SMR_2250
Electronic Materials Market Overview
Electronic materials are essential in the electrical, electronics, and microelectronics industries. They are used to construct integrated circuits, circuit boards, packaging materials, communication cables, optical fibers, displays, and various control and monitoring devices. The electronic materials market is rapidly evolving sector, driven by technological advancements and diverse applications across various industries. Continuous innovation and adaptation to emerging trends is important for staying competitive and meeting the increasing demand for advanced electronic materials. The market for electronic materials is dominated by the Asia Pacific region due to the presence of major electronics manufacturers in countries like China, Japan, and South Korea. The high investment in technology and robust supply chain highly contribute to the regional market growth.
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Electronic Materials Market Competitive Landscape
The market is highly competitive as it is characterized by a diverse array of players, each contributing specialized products and technologies to meet the demands of various electronic applications. The DuPont is an Electronic Materials Market leader known for its extensive range of advanced materials including conductive inks, high-performance polymers, and electronic adhesives used in circuits, displays, and semiconductors.
Canatu is an emerging company in the Electronic Materials industry. While DuPont excels in established materials with robust industrial applications, Canatu distinguishes itself with cutting-edge nanotechnology solutions tailored for next-generation electronics demanding flexibility and transparency. Both Electronic Materials companies contribute uniquely to the electronics materials sector, addressing different niches with their respective strengths in reliability and advanced nanomaterial innovation. As of July 2024, Canatu, to merge with Lifeline SPAC I to form Canatu Plc, listed on Nasdaq First North Growth Market Finland. The merger aims to accelerate growth in semiconductor, automotive, and medical diagnostics industries, leveraging Canatu's CNT technology and expanding market opportunities.
Electronic Materials Market Dynamics
Increasing demand for the Consumers Electronics driving the Global Electronic Materials Market
The proliferation of consumer electronics, such as smartphones, tablets, laptops, and wearable devices, is a significant driver of the electronic materials market. The constant innovation and demand for advanced features in these devices require high-quality electronic materials to enhance performance, reduce size, and improve energy efficiency. The trend towards miniaturization and multifunctionality in consumer electronics further fuels the need for specialized materials like advanced semiconductors, substrates, and conductive inks.
Flexible and stretchable materials are revolutionizing next-generation electronic devices by offering unique capabilities such as bending, twisting, and stretching without losing functionality. These materials have facilitated the development of innovative applications in various fields, including wearable devices for health monitoring, soft robotics for safer human-machine interaction, and medical implants for personalized medicine. Flexible displays, using materials like conductive polymers and elastomers, have enabled the creation of rollable screens in consumer electronics, enhancing portability and functionality.
Innovations in semiconductor technology to drive the Electronic Materials Market growth
Recent advancements in semiconductor materials have significantly influenced the digital era, highlighting innovations in atomically thin 2D inorganic materials and advanced quantum dots. Among these, gallium carbide (GaC) stands out as a promising third-generation semiconductor material, demonstrating superior band gaps and ultraviolet properties compared to gallium nitride (GaN). GaC's structural stability and electronic and optical properties make it a strong candidate for future semiconductor applications. The surge in graphene research has led to the development of semiconducting epi-graphene (SEG), grown on silicon carbide substrates. SEG exhibits a band gap of 0.6 eV and exceptional room temperature mobilities, outperforming traditional silicon and other 2D semiconductors. This breakthrough offers potential for high-performance semiconductor devices, which is expected to contribute to the growth of the Electronic Materials Market in the future.
In wearable electronics, researchers have innovated highly efficient semiconducting fibers that can be integrated into fabrics, enabling smart wearable technology. These fibers, scalable and defect-free, showcase the potential for real-life applications in clothing and accessories. Additionally, a new method for preparing silver-based chalcogenide semiconductor quantum dots has been introduced, offering stable optoelectronic performance. These materials are paving the way for next-generation semiconductor technologies, driving advancements in electronic devices and applications.
Disruption risks to material supply chains in the electronics sector is a major challenge for the Electronic Materials Market
Electronic products have become vital, especially during the COVID-19 pandemic, which underscored the vulnerabilities in the supply chains of crucial raw materials for electronics. These supply chains are susceptible to disruptions from global health crises, natural disasters, and geopolitical instability, exacerbated by climate change. As per the study, the precious metals like gold, rhodium, platinum, and palladium are at highest risk from price volatility or weakened regulations, while cobalt, gallium, and key rare earth elements face the greatest risks from supply pressures or geopolitical tensions. Recycling and diversifying supply chains are expected to mitigate these risks, but shifting production to other regions to introduce new economic and environmental concerns.
Electronic Materials Market Segment Analysis
Based on Type: The market is segmented into Specialty Gases, CMP Slurries, Conductive Polymers, Photoresist Chemicals, Low K Dielectrics, Wet Chemicals, Silicon Wafers and PCB Laminates. The Specialty Gases segment held the largest Electronic Materials Market share in 2023. This is attributed to their crucial role in semiconductor manufacturing and other high-tech applications. These gases, including nitrogen, helium, argon, and fluorine compounds, are essential for processes like chemical vapor deposition, etching, and doping, which are pivotal in creating integrated circuits and other electronic components.
The demand for miniaturization and higher performance in electronic devices has driven the need for ultra-high purity gases, which ensure precision and prevent contamination during production. Additionally, the growth of emerging technologies such as 5G, the Internet of Things (IoT), and advanced computing has further propelled the market for specialty gases. Their consistent quality and reliability are indispensable in achieving the stringent specifications required in electronics manufacturing, positioning them as a critical component in the rapidly evolving landscape of the electronics industry.
Electronic Materials Market Regional Insights
Asia Pacific Electronic Materials Market dominated the global market with the largest share in 2023. In the region, India and China are the key markets for the electronic materials. The implementation of Extended Producer Responsibility (EPR) under the E-Waste (Management) Rules, 2016, significantly impacts India's electronics material market. It drives manufacturers to develop sustainable products and adopt recycling practices, leading to increased demand for eco-friendly materials. This shift promotes innovation in material design and strengthens the market for recycled components, fostering a circular economy. As per the study, the Chinese market is expected to grow rapidly during the forecast period. Guangdong SQ New Material Co., a Chinese electronics materials manufacturer, plans to invest $50 million in a new plant in Bac Ninh province, Vietnam. Specializing in thermal conductive materials and protective coatings, the move highlights China's expanding interest in Vietnam's northern industrial zones for electronics production and supply chain integration.
Europe Electronic Materials Market is expected to grow at a high rate during the forecast period. In the region, Canadian market is expected to grow at a high rate during the forecast period. Honda's $11 billion investment in Canada's electric vehicle (EV) supply chain, bolstered by substantial government aid, signals a transformative shift in the country's market. The initiative, including a new EV manufacturing facility and battery plant, will stimulate demand for advanced materials like cathodes and separators. This move not only enhances local manufacturing capabilities but also integrates Canada into the global EV supply chain, positioning it as a key player in sustainable automotive technology.
Electronic Materials Industry Recommendations
- Embrace advancements in nanomaterials such as graphene and quantum dots for superior performance in electronics.
- Develop eco-friendly materials and manufacturing processes to meet increasing regulatory and consumer demands.
- Innovate materials that offer flexibility, durability, and adaptability to diverse form factors and usage scenarios.
- Stay ahead of evolving regulations on materials safety and recycling to maintain compliance and consumer trust.
The Electronic Materials market is poised for substantial growth driven by advancements in semiconductor technology and the expanding consumer electronics sector. As Electronic Materials manufacturers race to innovate smaller, faster, and more energy-efficient electronic devices, demand for high-performance materials such as semiconductors, conductive polymers, and specialty gases continues to surge. Emerging technologies such as 5G, Internet of Things (IoT), and artificial intelligence further amplify this demand, creating new opportunities across global markets. However, the market faces challenges including supply chain disruptions and fluctuating raw material costs. To sustain growth, stakeholders must focus on enhancing material performance, ensuring supply chain resilience, and investing in sustainable practices. As the industry evolves, collaboration between material suppliers, manufacturers, and technology developers will be crucial for navigating future complexities and driving innovation in electronic materials.
Electronic Materials Market Scope
Electronic Materials Market |
|
Market Size in 2023 |
USD 62.7 Bn. |
Market Size in 2030 |
USD 95.53 Bn. |
CAGR (2024-2030) |
6.2% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
|
By Type Specialty Gases CMP Slurries Conductive Polymers Photoresist Chemicals Low K Dielectrics Wet Chemicals Silicon Wafers PCB Laminates |
By Application Semiconductors Integrated Circuits Printed Circuit Boards Others |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Top Electronic Materials Companies
- Dow Inc. (Midland, Michigan, USA)
- DuPont (Wilmington, Delaware, USA)
- JSR Corporation (Tokyo, Japan)
- Shin-Etsu Chemical Co., Ltd. (Tokyo, Japan)
- Linde Plc (Guildford, United Kingdom)
- BASF SE (Ludwigshafen, Germany)
- Solvay (Brussels, Belgium)
- Air Liquide (Paris, France)
- Resonac Holding Corporation (Tokyo, Japan)
- Fujifilm Corporation (Tokyo, Japan)
- Merck KGaA (Darmstadt, Germany)
- Songwon (Ulsan, South Korea)
- Mitsui Chemicals America, Inc. (New York, USA)
- SUMCO Corp (Tokyo, Japan)
- Air Products and Chemicals, Inc. (Allentown, Pennsylvania, USA)
- Guangdong SQ New Material Co. (China)
Frequently Asked Questions
Ans. The segments covered in the Electronic Materials Market report are based on Type, Application and Region.
Ans. The Asia Pacific region is expected to hold the largest Electronic Materials Market share.
Ans. The Electronic Materials Market size by 2030 is expected to reach US$ 95.53 Bn.
Ans. The supply chain disruptions are the key challenges for the Electronic Materials Market.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Electronic Materials Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Electronic Materials Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovations
4. Electronic Materials Market: Dynamics
4.1. Electronic Materials Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Electronic Materials Market Drivers
4.3. Electronic Materials Market Restraints
4.4. Electronic Materials Market Opportunities
4.5. Electronic Materials Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Analysis
4.8.1. Quantum dots
4.8.2. Nanotechnology in etching and deposition process
4.8.3. Smart cleaning technologies (selective cleaning and remote monitoring)
4.8.4. Extreme ultraviolet lithography (EUVL) technology
4.8.5. Electron beam lithography (EBL)
4.8.6. Innovation in materials for 3D integration (new dielectric materials) and through-silicon via (TSV) technologies
4.8.7. Process automation and Industry 4.0 Integration
4.8.8. Artificial intelligence (Al) and machine learning (ML)
4.8.9. Nanotechnology
4.8.10. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape
4.10.1. Market Regulation by Region
4.10.1.1. North America
4.10.1.2. Europe
4.10.1.3. Asia Pacific
4.10.1.4. Middle East and Africa
4.10.1.5. South America
4.10.2. Impact of Regulations on Market Dynamics
4.10.3. Government Schemes and Initiatives
5. Electronic Materials Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Electronic Materials Market Size and Forecast, by Type (2023-2030)
5.1.1. Specialty Gases
5.1.2. CMP Slurries
5.1.3. Conductive Polymers
5.1.4. Photoresist Chemicals
5.1.5. Low K Dielectrics
5.1.6. Wet Chemicals
5.1.7. Silicon Wafers
5.1.8. PCB Laminates
5.2. Electronic Materials Market Size and Forecast, by Application (2023-2030)
5.2.1. Semiconductors
5.2.1.1. Integrated Circuits
5.2.1.2. Printed Circuit Boards
5.2.2. Others
5.3. Electronic Materials Market Size and Forecast, by Region (2023-2030)
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. Middle East and Africa
5.3.5. South America
6. North America Electronic Materials Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. North America Electronic Materials Market Size and Forecast, by Type (2023-2030)
6.1.1. Specialty Gases
6.1.2. CMP Slurries
6.1.3. Conductive Polymers
6.1.4. Photoresist Chemicals
6.1.5. Low K Dielectrics
6.1.6. Wet Chemicals
6.1.7. Silicon Wafers
6.1.8. PCB Laminates
6.2. North America Electronic Materials Market Size and Forecast, by Application (2023-2030)
6.2.1. Semiconductors
6.2.1.1. Integrated Circuits
6.2.1.2. Printed Circuit Boards
6.2.2. Others
6.3. North America Electronic Materials Market Size and Forecast, by Country (2023-2030)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. Europe Electronic Materials Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Europe Electronic Materials Market Size and Forecast, by Type (2023-2030)
7.2. Europe Electronic Materials Market Size and Forecast, by Application (2023-2030)
7.3. Europe Electronic Materials Market Size and Forecast, by Country (2023-2030)
7.3.1. United Kingdom
7.3.2. France
7.3.3. Germany
7.3.4. Italy
7.3.5. Spain
7.3.6. Sweden
7.3.7. Russia
7.3.8. Rest of Europe
8. Asia Pacific Electronic Materials Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1. Asia Pacific Electronic Materials Market Size and Forecast, by Type (2023-2030)
8.2. Asia Pacific Electronic Materials Market Size and Forecast, by Application (2023-2030)
8.3. Asia Pacific Electronic Materials Market Size and Forecast, by Country (2023-2030)
8.3.1. China
8.3.2. India
8.3.3. Japan
8.3.4. South Korea
8.3.5. Australia
8.3.6. ASEAN
8.3.7. Rest of Asia Pacific
9. Middle East and Africa Electronic Materials Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1. Middle East and Africa Electronic Materials Market Size and Forecast, by Type (2023-2030)
9.2. Middle East and Africa Electronic Materials Market Size and Forecast, by Application (2023-2030)
9.3. Middle East and Africa Electronic Materials Market Size and Forecast, by Country (2023-2030)
9.3.1. South Africa
9.3.2. GCC
9.3.3. Egypt
9.3.4. Rest of the Middle East and Africa
10. South America Electronic Materials Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1. South America Electronic Materials Market Size and Forecast, by Type (2023-2030)
10.2. South America Electronic Materials Market Size and Forecast, by Application (2023-2030)
10.3. South America Electronic Materials Market Size and Forecast, by Country (2023-2030)
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Rest Of South America
11. Company Profile: Key Players
11.1. Dow Inc. (Midland, Michigan, USA)
11.1.1. Company Overview
11.1.2. Product Portfolio
11.1.2.1. Product Name
11.1.2.2. Product Details
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. DuPont (Wilmington, Delaware, USA)
11.3. JSR Corporation (Tokyo, Japan)
11.4. Shin-Etsu Chemical Co., Ltd. (Tokyo, Japan)
11.5. Linde Plc (Guildford, United Kingdom)
11.6. BASF SE (Ludwigshafen, Germany)
11.7. Solvay (Brussels, Belgium)
11.8. Air Liquide (Paris, France)
11.9. Resonac Holding Corporation (Tokyo, Japan)
11.10. Fujifilm Corporation (Tokyo, Japan)
11.11. Merck KGaA (Darmstadt, Germany)
11.12. Songwon (Ulsan, South Korea)
11.13. Mitsui Chemicals America, Inc. (New York, USA)
11.14. SUMCO Corp (Tokyo, Japan)
11.15. Air Products and Chemicals, Inc. (Allentown, Pennsylvania, USA)
11.16. Guangdong SQ New Material Co. (China)
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook