Electronic Chemicals and Materials Market to Grow at 5.08% CAGR to 2020
ReportsnReports.com adds Global Electronic Chemicals and Materials Market 2016-2020 latest research report, the analysts forecast the global electronic chemicals and materials market to grow at a CAGR of 5.08% during the period 2016-2020.
Pune, India – April 13, 2016 /MarketersMedia/ —
The global electronic chemicals and materials market is growing rapidly, and this has led many key players to adopt the M&A strategy to increase their market presence and expand market share. Small- and medium-sized vendors efficiently manufacture chemicals and materials for the niche markets. However, they are unable to increase their production capacity and adapt technological advances when compared to large competitors due to the lack of resources.
Complete report on electronic chemicals and materials market spread across 57 pages, analyzing 5 major companies and providing 31 data exhibits is now available at http://www.reportsnreports.com/reports/524611-global-electronic-chemicals-and-materials-market-2016-2020.html.
The analysts forecast the global electronic chemicals and materials market to grow at a CAGR of 5.08% during the period 2016-2020. Advances in the electronic industry such as 3D printing, drones, claytronics, aerogel, conductive polymers demand faster, smaller, and cheaper electronics. The recent advances in technology and the enhancements of existing equipment used in the production of chemicals and materials have increased the quality and performance of consumer electronics. The cost of production of electronic devices is decreasing, increasing the adoption of newer devices.
This report covers the present scenario and the growth prospects of the global electronic chemicals and materials market for 2015-2020. To calculate the market size, the report considers the revenue generated from the application of electronic chemicals and materials in different end-user industries.
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Segmentation by Application and Analysis of the Electronic Chemicals and Materials Market – IC manufacturing, PCB manufacturing and Semiconductor packaging
During 2015, the IC manufacturing segment dominated the market and accounted for nearly 53% of the market share. The market for electronic chemicals and materials used in IC manufacturing is concentrated in Asia, and these chemicals are used in the manufacture of semiconductors. Their use is largely dependent on factors such as device architecture, cleaning-process chemistry, etching-process chemistry, the frequency of use, and the use of wet-etching machines. Order a copy of Global Electronic Chemicals and Materials Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524611.
Geographical Segmentation and Analysis of the Electronic Chemicals And Materials Market – APAC, Europe, North America and ROW
During 2015, APAC dominated the electronic chemicals and materials market and is expected to account for more than 67% of the market share by the end of the forecast period. Factors like the mass production of electronic devices in China will aid in the growth of this market in APAC in the coming years.
The global electronic chemicals and materials market is highly fragmented owing to the presence of many vendors. The market is characterized by the presence of several well-established global, regional, and local suppliers. The competition in the market is expected to intensify due to the expansion of product portfolios and technological advances, and further with the increase in M&As.
Key players in the global electronic chemicals and materials market: Air Products and Chemicals Inc., BASF SE, The DOW Chemical Company, Honeywell International Inc., and Huntsman Corp.
Other prominent vendors in the market are: Albemarle, Ashland, Cabot Microelectronics, Changzhou Tronly New Electronic Materials, Puyang Huicheng Electronic Material, Sanyo Chemical Industries, Shenzhen Capchem Technology, and The Linde Group.
Further, the report states that a decline in the semiconductor industry has a negative impact on the global electronic chemicals and materials market.
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