Global Electronic Materials and Chemicals Market Size, Share and Trends Analysis Report – Industry Overview and Forecast to 2032

Global Electronic Materials and Chemicals Market Segmentation, By Product (Solid, Liquids, and Gaseous), Application (Semiconductor and IC, Printed Circuit Board (PCBs), Memory Disks, General Metal Finishing, and Others), Type (Chemicals and Materials), End Use (Semiconductors and Integrated Circuits, and Printed Circuit Boards) - Industry Trends and Forecast to 2032

What is the Global Electronic Materials and Chemicals Market Size and Growth Rate?

• The global electronic materials and chemicals market size was valued at USD 71.89 billion in 2024 and is expected to reach USD 116.32 billion by 2032, at a CAGR of 6.20% during the forecast period
• The growing demand of the consumer electronics across the globe, establishment and development of corporate companies, increasing research and development in the semiconductor sector, rising demand for electronic devices such as integrated circuits, diodes, transistors, and other high voltage applications, rising levels of disposal income, improved standards of living, and decreasing prices of the equipment are some of the major as well as important factors which will likely to augment the growth of the electronic materials and chemicals market

What are the Major Takeaways of Electronic Materials and Chemicals Market?

• Introduction of the innovative technology in order to optimize the performance along with adoption of advanced technology such as internet of things and artificial intelligence which will further contribute by generating immense opportunities that will lead to the growth of the electronic materials and chemicals market in the above mentioned projected timeframe.
• Rapid decline in the use of old technologies along with stringent health and environmental regulations regarding certain chemicals and materials which will such asly to act as market restraints factor for the growth of the electronic materials and chemicals
• In 2024, Asia-Pacific dominated the electronic materials and chemicals market with the largest revenue share of 41.69%, driven by rapid industrialization, the expansion of electronics manufacturing, and increasing demand for semiconductors and advanced materials
• The North America market is poised to grow at the fastest CAGR of 11.8% during 2025–2032, driven by increasing investments in semiconductor and PCB manufacturing, rising demand for high-tech consumer electronics, and the integration of advanced materials in automotive and industrial applications
• Deadbolt segment dominated the Electronic Materials and Chemicals market with a market share of 43.2% in 2024, driven by its established reputation for security and ease of retrofit into existing door setups

Report Scope and Electronic Materials and Chemicals Market Segmentation

What is the Key Trend in the Electronic Materials and Chemicals Market?

Advanced Functional Materials with Sustainable Integration

• A significant and accelerating trend in the global Electronic Materials and Chemicals market is the growing emphasis on functional materials that combine performance with sustainability. Companies are increasingly developing eco-friendly, high-performance materials for semiconductors, displays, and advanced electronics, addressing both regulatory compliance and consumer demand for environmentally responsible products

  • For instance, DuPont introduced its bio-based photopolymers for flexible electronics, enabling environmentally conscious production while maintaining high thermal and mechanical stability. Similarly, Air Products and Chemicals is focusing on advanced gas solutions for semiconductor fabrication that reduce emissions and energy consumption, reflecting a push toward greener manufacturing

• The integration of sustainable practices with advanced materials is enabling improved device efficiency, higher product lifespan, and reduced environmental impact. Innovative formulations in electronic chemicals, photoresists, and deposition materials are helping manufacturers meet the stringent requirements of next-generation semiconductor nodes
• Companies such as BASF SE and Linde are developing AI-driven material optimization platforms to design high-performance electronic chemicals with lower carbon footprints, predictive reliability, and improved yield
• This trend toward combining sustainability with performance is reshaping industry standards and pushing market players to innovate beyond conventional chemical formulations. Consequently, demand for materials that enhance functionality while minimizing ecological impact is rising across semiconductor, display, and electronics manufacturing sectors

What are the Key Drivers of Electronic Materials and Chemicals Market?

• The growing demand for miniaturized and high-performance electronic devices is a major driver for advanced electronic materials and chemicals. As devices become smaller and more complex, manufacturers require high-purity, precise materials to maintain reliability and performance

  • For instance, in 2024, Shin-Etsu Chemical launched ultra-high-purity silane and silicon-based materials for semiconductor wafers, supporting smaller transistor geometries and higher chip yields. Such product innovations are fueling market expansion

• The rapid adoption of emerging technologies, such as 5G, IoT, AI chips, and electric vehicles, is creating substantial demand for specialized materials, including photopolymers, specialty gases, and conductive chemicals. These applications require materials with exceptional electrical, thermal, and mechanical properties
• Furthermore, stringent environmental regulations and growing sustainability awareness are pushing companies to develop eco-friendly electronic chemicals, which are biodegradable, low in VOCs, or energy-efficient during production
• Investment in R&D and the integration of AI and simulation tools for material design are enabling faster product development cycles, cost optimization, and higher reliability, further propelling the adoption of advanced electronic materials and chemicals globally

Which Factor is Challenging the Growth of the Electronic Materials and Chemicals Market?

• The high cost of advanced electronic materials and chemicals poses a significant barrier to market expansion, particularly for emerging manufacturers and cost-sensitive applications. Materials such as ultra-high-purity gases, specialty photoresists, and engineered polymers often require significant capital investment in production and quality control

  • For instance, small and medium semiconductor fabs may delay adoption of premium-grade chemicals due to budget constraints, slowing overall market penetration

• Furthermore, complex regulatory compliance and environmental safety requirements can increase production costs and time-to-market, limiting flexibility for manufacturers.
• Supply chain volatility, particularly for rare elements and high-purity precursors, presents additional challenges. Shortages of raw materials or transport disruptions can delay production schedules and raise prices
• Overcoming these challenges through cost-optimization strategies, strategic sourcing, and development of high-performance yet affordable materials will be critical for sustained growth. Companies are also investing in local supply chains, recycling, and process efficiency to reduce dependency on scarce resources and manage costs effectively

How is the Electronic Materials and Chemicals Market Segmented?

The market is segmented on the basis of product, type, end use, and application.

• By Product

On the basis of product, the electronic materials and chemicals market is segmented into solid, liquids, and gaseous. The liquid segment dominated the market with the largest revenue share of 45.6% in 2024, driven by its widespread use in semiconductor fabrication, printed circuit boards (PCBs), and metal finishing processes. Liquids, such as specialty solvents, etchants, and chemical precursors, offer precise control over deposition, etching, and cleaning processes, making them essential for high-performance electronics manufacturing. The segment benefits from increasing demand for miniaturized devices, which require high-purity and controlled chemical processing.

The gaseous segment is expected to witness the fastest CAGR of 22.1% from 2025 to 2032, fueled by the growing adoption of advanced semiconductor technologies and MEMS devices that rely on specialty gases for etching, doping, and deposition processes. The rising focus on precision manufacturing and environmental compliance further supports the growth of gaseous products in the industry.

• By Application

On the basis of application, the market is segmented into semiconductor and IC, printed circuit boards (PCBs), memory disks, general metal finishing, and others. The semiconductor and IC segment dominated the market with a 48.3% share in 2024, driven by the exponential growth of electronics, 5G, AI chips, and IoT devices that require highly precise materials for fabrication. High demand for miniaturized and high-performance chips, combined with the need for defect-free production, has propelled the adoption of advanced chemicals and materials in semiconductor manufacturing.

The printed circuit boards segment is expected to witness the fastest CAGR of 21.5% from 2025 to 2032, supported by the expansion of electronics manufacturing in Asia-Pacific and rising demand for compact, multi-layered PCBs in consumer electronics, automotive, and industrial applications. Increasing adoption of PCBs in advanced IoT devices and wearable electronics is driving segment growth.

• By Type

On the basis of type, the market is segmented into chemicals and materials. The chemicals segment dominated the market with a 52.7% share in 2024, driven by its critical role in etching, cleaning, deposition, and surface treatment processes for semiconductor wafers, PCBs, and memory devices. Specialty chemicals provide high precision, purity, and reliability, making them indispensable for high-performance electronics.

The materials segment is expected to witness the fastest CAGR of 20.8% from 2025 to 2032, fueled by the growing adoption of novel materials such as advanced photoresists, dielectric layers, and conductive polymers. Innovations in materials that enhance device efficiency, thermal stability, and miniaturization are significantly contributing to the segment’s growth, especially in high-end semiconductor and IC applications.

• By End Use

On the basis of end use, the market is segmented into semiconductors and integrated circuits, and printed circuit boards. The semiconductor and integrated circuits segment dominated the market with a 55.1% revenue share in 2024, attributed to the surging global demand for high-performance chips, memory devices, and logic ICs across electronics, automotive, and industrial sectors. Advanced chemicals and materials are integral to wafer fabrication, doping, and packaging processes, driving their adoption in semiconductor manufacturing.

The printed circuit boards segment is projected to witness the fastest CAGR of 21.3% from 2025 to 2032, owing to the rising production of multi-layered and flexible PCBs in consumer electronics, telecommunications, and automotive applications. The growing trend of compact, high-density electronics further supports the segment’s rapid expansion.

Which Region Holds the Largest Share of the Electronic Materials and Chemicals Market?

• In 2024, Asia-Pacific dominated the electronic materials and chemicals market with the largest revenue share of 41.69%, driven by rapid industrialization, the expansion of electronics manufacturing, and increasing demand for semiconductors and advanced materials
• Consumers and manufacturers in the region value the availability of cost-effective, high-quality materials and chemicals, which are crucial for semiconductor fabrication, printed circuit boards (PCBs), and other electronics applications
• This widespread adoption is further supported by the presence of leading electronics manufacturers, government initiatives promoting technological advancement, and the growing focus on high-tech innovation, establishing Asia-Pacific as the primary hub for Electronic Materials and Chemicals

China Electronic Materials and Chemicals Market Insight

The China market captured the largest revenue share of 42% in 2024 within Asia-Pacific, fueled by the country’s rapid urbanization, growing middle class, and high adoption of advanced electronic devices. Strong domestic manufacturing capabilities and government support for smart manufacturing and semiconductor development are driving market expansion. The push toward smart cities and the integration of high-performance materials into consumer electronics, industrial machinery, and automotive electronics further reinforces China’s market dominance.

Japan Electronic Materials and Chemicals Market Insight

The Japan market is gaining momentum due to its high-tech industrial base, emphasis on research and development, and demand for precision electronic components. Adoption of Electronic Materials and Chemicals is driven by the proliferation of semiconductor fabs, connected devices, and industrial automation systems. In addition, Japan’s focus on sustainability and eco-friendly production processes is encouraging the use of advanced, high-quality materials and chemicals.

India Electronic Materials and Chemicals Market Insight

India is witnessing significant growth in the electronic materials and chemicals market due to increasing electronics manufacturing, government initiatives such as “Make in India,” and rising foreign investment in semiconductor fabs. The country’s rapidly expanding consumer electronics and automotive sectors are boosting demand for high-performance materials, contributing to the region’s overall market strength.

Which Region is the Fastest Growing Region in the Electronic Materials and Chemicals Market?

The North America market is poised to grow at the fastest CAGR of 11.8% during 2025–2032, driven by increasing investments in semiconductor and PCB manufacturing, rising demand for high-tech consumer electronics, and the integration of advanced materials in automotive and industrial applications. The region’s strong focus on innovation, R&D, and adoption of cutting-edge technologies is accelerating market growth.

U.S. Electronic Materials and Chemicals Market Insight

The U.S. market captured the largest revenue share of 81% within North America in 2024, fueled by rapid technological adoption, strong semiconductor manufacturing, and increasing demand for high-performance electronic components. The proliferation of smart devices, automotive electronics, and industrial automation is propelling the demand for advanced materials and chemicals. Moreover, supportive government policies, investment in research, and the presence of leading global chemical and materials companies are contributing to North America’s rapid market expansion.

Canada Electronic Materials and Chemicals Market Insight

Canada is also witnessing robust growth in the electronic materials and chemicals market, driven by electronics manufacturing, technological innovation, and demand for precision materials in industrial and semiconductor applications. Government incentives for R&D and sustainable production practices are further stimulating market adoption, reinforcing North America’s position as the fastest-growing region.

Which are the Top Companies in Electronic Materials and Chemicals Market?

The electronic materials and chemicals industry is primarily led by well-established companies, including:

• Linde plc (U.K.)
• Air Products and Chemicals, Inc. (U.S.)
• E. I. DuPont de Nemours and Company (U.S.)
• BASF SE (Germany)
• Solvay S.A. (Belgium)
• Showa Denko Materials Co., Ltd. (Japan)
• Air Liquide (France)
• Shin‑Etsu Chemical Co., Ltd. (Japan)
• Covestro AG (Germany)
• SONGWON Industries (South Korea)
• Honshu Chemical Industry Co., Ltd. (Japan)
• MITSUI CHEMICALS AMERICA, INC. (U.S.)
• Siltronic AG (Germany)
• Parker Hannifin Corporation (U.S.)
• Freiberger Compound Materials GmbH (Germany)
• Okmetic (Finland)
• GlobalWafers (Taiwan)
• SUMCO Corporation (Japan)
• Bayer AG (Germany)

What are the Recent Developments in Global Electronic Materials and Chemicals Market?

• In August 2024, JSR Corporation announced the acquisition of all shares of Yamanaka Hutech Corporation, making YHC a wholly owned subsidiary, marking a strategic move to expand JSR's semiconductor materials portfolio, particularly in film-forming technologies, and enhancing its supply chain efficiency and customer value in the rapidly evolving semiconductor sector
• In May 2024, Air Liquide announced the expansion of its advanced materials Center in Sejong, South Korea, with a new diborane production facility, leveraging advanced analytical and digital technologies to deliver high-quality diborane for semiconductor manufacturing, thereby strengthening Korea's semiconductor ecosystem and supporting localized production of critical materials
• In April 2023, Resonac Corporation revealed plans to increase the production of its "Dicing Die Bonding Film" at the Goi Plant in Kamisu City, Japan, by 60% to meet the rising demand for the two-in-one adhesive used as both dicing tape and die bonding film, with operations scheduled to commence by 2026, reflecting the company’s commitment to semiconductor packaging innovation
• In January 2023, Linde acquired nexAir, LLC, an independent packaged gas distributor in the U.S., expanding its business and presence in the Southeast, following a previous minority stake held since 2012, with nexAir reporting sales of approximately USD 400 million in 2022, further solidifying Linde’s footprint in the U.S. gas distribution market
• In December 2022, FUJIFILM Corporation announced the construction of a new semiconductor materials manufacturing facility in South Korea, focused on producing high-quality color filter materials for image sensors, utilizing advanced manufacturing and evaluation technologies, and expected to become operational in spring 2024, enhancing FUJIFILM’s capabilities in semiconductor material production

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