Electronic Materials And Chemicals Market - Industry News, Resin Pricing & Analysis

Electronic Materials And Chemicals Market Size and Growth 2025 to 2034

The global electronic materials and chemicals market size was valued at USD 74.19 billion in 2024 and is expected to hit around USD 136.03 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.25% over the forecast period from 2025 to 2034. The increasing consumer & industrial electronics demand, growing adoption of electric vehicles, and expansion of the semiconductor & electronic goods market drive the market growth.

Key Takeaways

• Asia Pacific electronic materials and chemicals market held the largest share of 70% of the global market in 2024.
• By region, North America is experiencing the fastest growth in the market during the forecast period due to the growing adoption of electronic devices. 
• By product, the solid segment dominated the market in 2024 due to the growing expansion of semiconductors.
• By product, the gas segment is expected to grow at the fastest rate in the market during the forecast period due to the growing production of advanced microchips.
• By application, the silicon wafers segment dominated the market with the largest share in 2024 due to the growing production of advanced electronic devices.
• By application, the photoresist segment is expected to grow at the fastest rate in the market during the forecast period due to the growing miniaturization & compactness of electronic devices.
• By end use, the semiconductor & integrated circuits segment dominated the market in 2024 due to the growing expansion of the automotive industry.
• By end use, the printed circuit boards (PCBs) segment is expected to grow at the fastest rate in the market during the forecast period due to the rise of high-density interconnect technology and growing demand from Asia Pacific.

The Role of Electronic Materials and Chemicals in Modern Technology

Electronics materials and chemicals are used in the processing, production, and manufacturing of electronic components and devices. Electronic materials are used to manufacture electronic devices & components like ceramics, semiconductors, conductive glasses, battery materials, and liquid crystals. They are important for the development of electronic hardware like circuit boards, integrated circuits, and other components. 

The electronics materials used in electronic components & devices are gallium arsenide, ceramic insulators, conductive polymers, silicon, lithium-ion battery, and liquid crystal displays. The electronic chemicals are a pure substance used for polishing, cleaning, doping, and etching of electronic components. The chemicals used in electronic components & devices are wet chemicals like solvents, acids, and bases, plating solutions, specialty gases, and photoresist. 

The growing global adoption of electronic products like appliances, smartphones, and computers increases demand for electronic materials and components. The rapid growth in the semiconductor industry and innovation in nanotechnology & miniaturization of electronic devices help in the market growth. Factors like increasing digitalization, growing adoption & production of electric vehicles, stricter environmental regulations, and increasing industrialization & electronics manufacturing in

Asia Pacific contribute to the overall growth of the electronic materials and chemicals market.

• Vietnam exported 98476 shipments of printed circuit boards.(Source: www.volza.com) 
• Chinese Taipei exported $214B of integrated circuits in 2023.(Source: oec.world)
• South Korea exported $ 134B of integrated circuits in 2023.(Source: oec.world)
• China exported 675275 shipments of integrated circuits(Source: www.volza.com)
• South Korea exported 1759 shipments of photoresist.(Source: www.volza.com)

The Growing Adoption of Electronic Devices Surges Market Growth

The growing demand and adoption of various electronic devices computers, smartphones, wearable devices, laptops, and many more, increases demand for electronic materials and chemicals. The growing advancements in electronic devices increase demand for advanced materials, fueling demand for the electronic materials and chemicals market. 

The growing demand for complex & efficient circuits in electronic devices is fueling innovation. The growing adoption of various technologies like IoT, 5G, and AI increases demand for electronic materials & chemicals. The growing innovation and trend of miniaturized and powerful devices is fueling innovation in electronic materials and chemicals. The growing demand for devices like mobile phones, smart TVs, laptops, monitors, and computers increases demand for integrated circuits, memory chips, sensors, and PCBs. The growing expansion of the electronics industry and ongoing innovations are key drivers for the electronics materials and chemical market.

Market Trends

• Growing adoption of electric vehicles: The growing production and adoption of electric vehicles in various regions increases demand for advanced materials and chemicals. The growing demand for high-performance batteries increases demand for various electronics materials. The growing innovation in electric vehicles and advanced features like a communication system and advanced displays increases demand for various electronic materials and chemicals.
• Growing digitalization in the world: The growing digitalization increases demand for smart technologies, consumer electronics, and connected devices, fueling demand for electronic materials and chemicals. The growing adoption of digital technologies is fueling innovation in technologies.
• Rapid expansion of the semiconductor industry: The growing expansion of the semiconductor industry increases demand for electronic chemicals and materials. The growing demand for various methods like doping, cleaning, depositing, and etching to create integrated circuits requires electronic materials and chemicals.
• Stringent environmental regulations: Stricter environmental regulations regarding certain materials and chemicals increase demand for environmentally friendly and sustainable materials & chemicals, helping in the electronic materials and chemicals market growth.

Market Opportunity

The Growing Adoption of Renewable Energy 

The growing global demand for energy and changing climate conditions increase the adoption of renewable energy. The growing adoption of renewable energy creates an opportunity for market growth. The growing adoption of solar energy increases demand for solar panels and related technologies require specialized electronics materials like cell manufacturing, silicon wafers, chemicals, and materials. The growing production of wind turbines increases demand for electronic materials and the chemicals market. 

The growing demand for battery technology increases the production of electrodes, battery electrolyte, and other materials for energy storage, which helps in the market growth. The growing adoption of renewable energy sources like electric vehicles and solar energy increases demand for electronic materials and chemicals. The growing application of renewable energy creates opportunities for electronic materials and the chemical market.

Market Challenge

High Operational Cost Hinders the Growth of the Market

Despite several benefits of electronic materials and chemicals, high operational costs restrict the growth of the market. The strict regulations about the utilization of hazardous chemicals and materials increase demand for the production of lower VOC emissions, and eco-friendly manufacturing increases the overall operational costs. 

Disruptions in raw materials availability due to various factors like geopolitical uncertainties and supply disruptions like transportation strikes, port congestion, and natural disaster leads to higher costs. The growing demand for specialized materials and high-purity chemicals in the electronics manufacturing industry leads to higher investment, which increases the overall cost. High operational cost due to factors like high raw materials cost, supply chain disruptions, and growing demand for high-purity materials hampers the growth of the electronic materials and chemicals market.

Regional Insights

Asia Pacific Electronic Materials And Chemicals Market Size, Industry Report 2034

The asia pacific electronic materials and chemicals market size was valued at USD 51.93 billion in 2024 and is expected to surpass around USD 96.04 billion by 2034, expanding at a compound annual growth rate (CAGR) of 6.34% over the forecast period from 2025 to 2034. Asia Pacific dominated the market in 2024.

The large number of electronics manufacturing plants, like PCB production facilities and semiconductor fabrication facilities, helps the growth of the electronic materials & chemicals market. The growing industrialization and rapid economic growth in the region increase demand for the electronic materials & chemicals market. The ongoing technological advancements, like miniaturization and IoT integration, drive the growth of the market. The growing urbanization and increasing disposable incomes increase demand for consumer electronics, which increases demand for electronic materials and chemicals. The lower production cost and strong supply chain networks drive the overall growth of the market.

China’s Electronic Materials and Chemicals Market Trends

China is a major contributor to the electronic materials and chemicals market. The well-established chemical industry in the country supports the market growth. The government's strong support includes policies that encourage capacity, innovation, and investment in various sectors, increasing demand for electronic materials and chemicals. The growing innovation in areas like renewable energy, electric vehicles, and batteries, fueling demand for electronic materials and chemicals. The growing population and rising disposable incomes are fueling demand for electronic products, contributing to the overall growth of the market.

• China exported 161291 shipments of printed circuit boards.(Source:www.volza.com)
• China exported $ 154B of integrated circuits in 2023.(Source:oec.world)

What are the Trends of Electronics Materials and Chemicals In India?

India is significantly growing in the electronic materials and chemicals market. The increasing electronic consumption, including consumer electronics & mobile phones, helps in the growth of the market. The well-established manufacturing sector, growing demand for electronic components, lower manufacturing costs, and supportive government policies drive the growth of the market. The major production of printed circuit boards and the growing demand for inorganic chemicals support the overall growth of the market.

• India exported $367M of Integrated Circuits in 2023. (Source:oec.world)
• From October 2023 to September 2024, India exported 6784 shipments of PCB with a growth rate of 11%.(Source: www.volza.com)

Role of North America in the Electronic Materials and Chemicals Market

North America is experiencing the fastest growth in the market during the forecast period. The growing adoption of electronic devices from various industries like industrial automation fuels, electronics & automotive drives the growth of the market. The growing technological advancements in semiconductor technology in the region increase demand for the electronic materials and chemicals market. 

The strong government support for domestic semiconductor manufacturing drives the growth of the market. The development of sustainable & environmentally friendly solutions and growing investment in research & development help in the market growth. The growing expansion of applications like photovoltaic products and plasma display panels drives market growth. The presence of the major electronic device manufacturers, including Fairchild, Avago, Micron, Texas Instruments, and Intel, supports the overall growth of the market.

United States Electronic Materials and Chemicals Market Trends

The United States is a major contributor to the electronic materials and chemicals market. The ongoing technological advancements in areas like electronics & materials science help in the growth of the market. The strong investment in research & development of new material processes drives the market growth. The growing expansion of various industries automobiles, electronics, pharmaceuticals, textiles, and many more, increases demand for electronic materials and chemicals. The chemical industry's strong focus on innovation & sustainable practice increases demand for electronic materials and chemicals, supporting the overall growth of the market.

• The United States exported $50.6B of Integrated Circuits in 2024.(Source: oec.world)
• The United States exported $3.98B of Integrated Circuits in February 2025.(Source: oec.world)

Segmental Insights

Product Insights

The solid segment dominated the electronic materials and chemicals market in 2024. The growing expansion of the semiconductor industry increases demand for solid materials like silicon wafers, helping in the market growth. The growing demand for consumer electronics like smartphones, computers, and laptops increases demand for electronic materials and chemicals. The growing expansion of renewable energy, particularly electric vehicles & solar panels, increases demand for solid products. 

The growing technological innovations like communication technologies, AI & IoT increase demand for high-performance solid materials. The growing miniaturization of electronic devices and the growing trend of compact devices contribute to the market growth.

The gas segment is the fastest growing in the market during the forecast period. The growing production of advanced microchips and the expansion of the semiconductor industry increase demand for gas products. The growing adoption of consumer electronics devices like wearable devices, smartphones & laptops increases demand for various specialty gases. The growing production of flat panel displays, LECs, solar panels, and other components increases demand for gases. The growing demand for semiconductor fabrication for processes like doping, etching, and doping supports the growth of the market. 

Application Insights

The silicon wafers held the largest share of the electronic materials and chemicals market in 2024. The growing production of integrated circuits increases demand for silicon wafers. The growing adoption and production of modern electronic devices help in the market growth. The growing demand for tablets, IoT devices, laptops, and smartphones increases demand for silicon wafers. 

The growing innovation in the semiconductor industry increases demand for high-quality silicon wafers. The growing demand from the Asia Pacific region, particularly from South Korea, China, and Japan, helps in the market growth. Additionally, rapid growth of VR, AI, ML, IoT, AR technology, and expansion of 5G technology contribute to the overall growth of the market.

The photoresist segment is experiencing the fastest growth in the market during the forecast period. The rapid growth of the semiconductor & electronics industry and the growing demand for dynamic displays increases demand for photoresist, helping in the market growth. The growing technological advancements in flat-panel displays increase demand for photoresist. The growing integration of artificial intelligence and the Internet of Things helps in the market growth. The growing utilization of advanced technologies like photolithography & microelectronics, and the trend of miniaturization, increases demand for photoresist.  The growing autonomous driving system and electric vehicles increase demand for photoresist, supporting the overall growth of the market.

End Use Insights

The semiconductor & integrated circuits dominated the electronic materials and chemicals market in 2024. The growing adoption of electronic devices like smartphones, laptops, computers, and many more increases demand for semiconductor & integrated circuits. The growing miniaturization of devices and semiconductor production increases demand for integrated circuits. The growing expansion of the automotive industry, including electric & hybrid vehicles fueling demand for semiconductor & integrated circuits. The growing demand for high-performance and efficient battery life in wearables and smartphones increases demand for semiconductor & integrated circuits, driving the growth of the market.

The printed circuit boards (PCBs) segment is the fastest growing in the market during the forecast period. The growing demand for consumer electronics like computers, laptops, smartphones, and tablets increases demand for advanced & high-quality PCBs. The growing expansion of electronic applications like industrial, automotive, and medical devices is fueling demand for PCBs. The rise of high-density interconnect technology increases demand for high-quality PCBs. The growing miniaturization & complexity of electronic devices in the automotive sector increases demand for reliable PCBs. The growing demand from the Asia Pacific, particularly Japan, China, and India, supports the growth of the market.

Recent Developments

• In November 2024, Infineon launched the silicon power wafer for efficiency. It is thinnest consists of diameters of 300 millimeters and a 20 micrometers thickness in a high-scale semiconductor fab. The innovation helps increase reliability, energy efficiency, and power density in power conversion solutions for applications in computing, consumer, motor control applications, and AI data centers.(Source: www.bisinfotech.com)
• In October 2024, AGC launched the METEORWAVE ELL Series of ultra-low transmission loss multilayer PCB materials. The new series contributes to lower power consumption of data communication, higher capacity, and higher transfer rates & has received UL-94 V0 Certification*2.(Source: www.businesswire.com)
• In August 2024, Eastman launched electronic grade solvent isopropyl alcohol to deliver superior quality. It is efficient wet-clean solvent in semiconductor production and wafer fabrication.(Source: www.indianchemicalnews.com)

Top Companies List

• Albemarle Corporation
• BASF SE
• Bayer AG
• Ashland
• Merck KGaA
• Cabot Corporation
• Air Liquide Electronics
• Honeywell International Inc.
• Dow
• Sumitomo Chemical Co., Ltd.
• Linde PLC
• Hitachi, Ltd.
• FUJIFILM Holdings America Corporation
• Monsanto Electronic Materials
• HD Microsystems, Ltd.
• EKC Technology
• JSR Micro
• Moses Lake Industries
• High Purity Products
• Kanto KAGAKU.

Segments Covered

By Product

• Solid
• Gas
• Liquid

By Application

• Silicon Wafers
• PCB Laminates
• Wet Chemicals And Solvents
• Specialty Gases
• Photoresists
• Others

By End Use

• Semiconductors & Integrated Circuits
• Printed Circuit Boards

By Region

• North America 
  
  • U.S.
  • Canada
• Europe 
  
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific 
  
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America 
  
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait