The electronic wet chemicals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electronic Wet Chemicals Market, 2024
report by The Business Research Company offers comprehensive insights into the
current state of the market and highlights future growth opportunities.
Market Size -
The electronic wet chemicals market size
has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.19 billion in 2024 at a compound annual growth
rate (CAGR) of 7.1%. The growth in the historic period can be
attributed to semiconductor industry growth, investment in research and
development, improved it infrastructure, rise in automotive sector, rise in
disposable income.
The electronic wet chemicals market size
is expected to see strong growth in the next few years. It will grow to
$5.39 billion in 2028 at a compound
annual growth rate (CAGR) of 6.5%. The
growth in the forecast period can be attributed to expanding demand for
consumer electronics, growing industrial automation, emerging market, rise in
urbanization. Major trends in the forecast period include environmental friendly wet chemical
formulations, miniaturization and advanced packaging, smart manufacturing and
iot integration, flexible electronics, materials data analytics.
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Scope Of Electronic Wet Chemicals Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Electronic Wet Chemicals Market Overview
Market Drivers -
The increasing demand for electric vehicles is expected to propel the growth of
the electronic wet chemicals market going forward. An electric vehicle (EV) is
a vehicle that uses one or more electric motors for propulsion. It can be
powered by a collector system, with electricity from extravehicular sources, or
autonomously by a battery. Electronic wet chemicals are used in the
manufacturing of EVs in various ways, including the wet process of battery
manufacturing, lubrication of electric motors, cleaning and etching of
semiconductor components, and recycling of semiconductors and e-waste. For
instance, in September 2022, according to the International Energy Agency, a
France-based autonomous intergovernmental organization, electric car sales set
a new high in 2021, increasing by 4%. Sales nearly doubled to 6.6 million
compared to 2020, increasing the total number of electric vehicles on the road
to 16.5 million. Therefore, the increasing demand for electric vehicles is
driving the growth of the electronic wet chemicals market.
The electronic wet chemicals market market covered in this report is segmented
–
1) By Type: Acetic Acid (CH3OOH), Isopropyl Alcohol (IPA) (C3H8O), Hydrogen
Peroxide (H2), Hydrochloric Acid (HCL), Ammonium Hydroxide (NH4OH),
Hydrofluoric Acid (HF), Nitric Acid (HNO3), Phosphoric Acid (H3PO4), Sulfuric
Acid (H2SO4)
2) By Form: Liquid, Solid, Gas
3) By Application: Semiconductor, Etching, Cleaning
4) By End-Use Industry: Consumer Goods, Automotive, Aerospace and Defense,
Medical
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Regional Insights -
Asia-Pacific was the largest region in the electronic wet chemicals market in
2023 and is also expected to be the fastest-growing region in the electronic
wet chemicals market during the forecast period. The regions covered in the
electronic wet chemicals market market report include Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies -
Major companies operating in the electronic wet chemicals market market
include Avantor Inc., BASF SE, Cabot
Microelectronics Corporation, Honeywell International Inc., Kanto Chemical Co.
Inc., Eastman Chemical Company, Solvay S.A., Fujifilm Holdings Corporation,
Technic Inc., Linde PLC, Air Products and Chemicals Inc., Mitsubishi Chemical
Corporation, Daikin Electronic Devices Sdn. Bhd., T.N.C. Industrial Co. Ltd.,
Entegris Inc., Dow Inc., Sumitomo Chemical Co. Ltd., Songwon Industrial Co.
Ltd., Merck KGaA, Shin-Etsu Chemical Co. Ltd., JSR Corporation, Tokyo Ohka
Kogyo Co. Ltd., Adeka Corporation, Sumika Chemical Analysis Service Ltd.,
Nippon Kayaku Co. Ltd., JNC Corporation, Asahi Kasei Corporation, Mitsui
Chemicals Inc., Showa Denko K.K., Hitachi Chemical Company Ltd., Nitto Denko
Corporation
Table of Contents
1. Executive Summary
2. Electronic Wet Chemicals Market
Report Structure
3. Electronic Wet Chemicals Market
Trends And Strategies
4. Electronic Wet Chemicals Market –
Macro Economic Scenario
5. Electronic Wet Chemicals Market Size
And Growth
…..
27. Electronic Wet Chemicals Market
Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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