IT Brief Asia logo
Technology news for Asia's largest enterprises
Story image

Nano-based products propel electronic materials market

By Shannon Williams
Tue 19 Jul 2022

The electronic materials and chemicals market is predicted to account for US$121.7 billion in 2032, up from US$71.6 billion in 2022, advancing at a CAGR of 5.4% during the forecast period (2022-2032), according to Future Markets Insights.

The demand for electronic materials and chemicals equipment is propelling the market forward. These electronic materials and chemicals are used to improve the performance of semiconductors by etching, cleaning, and servicing them.

Furthermore, technical advancements in the electronics industry are likely to boost electronic materials and chemicals market statistics. The rising use of wireless computing devices is one of the primary factors driving the electronic materials and chemicals market share.

Moreover, due to the increasing use of these wafers to diagnose process conditions and evaluate the status of equipment used in the semiconductor manufacturing process, the use of electronic materials and chemicals devices is likely to rise.

Compliance with these regulations has resulted in a high operating cost. Regulations accumulate in the supply chain, resulting in high costs for raw materials, manufacture, packaging, distribution, and final product disposal, hampering the electronic materials and chemicals market growth.

Electronic materials and chemicals market analysis shows the key technological advances aimed at improving the product's performance attributes, on the other hand, are likely to give new entrants a competitive edge. Over the projected period, rising demand for silicon from other end-user sectors, such as solar photovoltaic, is expected to have an impact on raw material supply, which leads to electronic materials and chemicals market growth.

Key Takeaways:

  • The electronic materials and chemicals market is predicted to develop at a CAGR of 5.4%, with a market share of US$121.7 billion through 2032.
  • In the United States, the electronic materials and chemicals market is estimated to reach US$42.5 billion, with a CAGR of 5% through 2032.
  • The electronic materials and chemicals market in China is expected to have a prodigious CAGR of 4.6% through 2032, with the expected market share of US$8.2 billion.
  • The electronic materials and chemicals market in Japan is expected to reach US$7 billion, with a steady CAGR of 4.7% through 2032.
  • The electronic materials and chemicals market in the UK is expected to have a market share of US$5.3 billion, with a CAGR of 4.4% through 2032.
  • The solid segment of the electronic materials and chemicals market, by product category, is expected to grow at a CAGR of 5.3% through 2032.
  • The silicon wafers segment of the electronic materials and chemicals market, based on application, is expected to grow at an annual rate of 5% through 2032.

Competitive Landscape

Air Products & Chemicals Inc., Bayer Ag, Albemarle Corporation, Ashland Global Specialty Chemicals Inc., BASF Electronic Chemicals are some major electronic materials and chemicals market players in the electronic materials and chemicals market.

The leading companies in the growth of the electronic materials and chemicals market are likely to focus on production and generate revenue to increase the electronic materials and chemicals market share.

Recent Developments

Product launches, Mergers & Collaborations

Air Products and Chemicals (US) has announced the opening of a second liquid hydrogen plant in California. This plant will assist the company in meeting demand for hydrogen fuel cell vehicles (FCV). In China, the company has invested in six industrial gas facilities, as well as a pipeline network. Nitrogen, oxygen, and other bulk gases will be supplied by these plants. The expansion will help China's burgeoning electronics manufacturing industry.

Cabot Microelectronics (US) purchased KMG Chemicals (US). This acquisition will add to Cabot's existing portfolio, expanding customer touch points with leading semiconductor makers.

Related stories
Top stories
Story image
Tech job moves
Tech job moves - Cohesity, Equinix, IDC, Proofpoint & Xero
We round up all job appointments from July 29 - August 5, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Firewall
Fortinet unveils compact firewall for hyperscale data centres, 5G networks
"Fortinet’s dedication to pushing the boundaries of what is possible in security performance has yielded the most powerful compact firewall yet."
Story image
Enterprise
Fortinet reports second quarter 2022 financial results
“We delivered strong revenue and billings growth in the second quarter driven by an increase in the number of transactions larger than one million dollars."
Story image
Mergers and Acquisitions
Netskope acquires Infiot, delivers integrated SASE platform
Converged SASE platform provides AI-driven zero trust security and simplified, optimised connectivity to any network location or device, including IoT.
Story image
SaaS
Why is MACH architecture a new big thing in the tech world?
More and more global enterprises are considering replacing the monolithic tech stack with the best-of-breed composable stack that enables greater business agility.
Story image
Cloud
TBC Bank decreases time to market for new offerings by 40%
TBC Bank has reduced time to market for new and enhanced products and services by 40% since implementing Kong Enterprise, the cloud native API platform. 
Story image
Data
NOVATION releases cloud-based solution to maximise value of data
NOVATION has announced the release of DataVio, its cloud-based solution for helping businesses automate the processing and extraction of data.
Story image
SAP
OutSystems joins SAP PartnerEdge program, integrates solutions
OutSystems has become an official member of the SAP PartnerEdge program. This will make it easier for other businesses within the SAP ecosystem to discover and connect with OutSystems.
Story image
SaaS
ManageEngine unveils SaaS availability of Analytics Plus
ManageEngine's Analytics Plus is now available as a software as a service (SaaS) offering, enabling users to set up a completely functional and integrated analytics platform anywhere in under a minute.
Story image
Remote Working
Four-day week: Perceptions across Asia Pacific and Japan
Workers across APJ want to be empowered to do their best work, wherever and whenever they want.
Story image
Compliance
Why security needs to shape your journey to the cloud
It's estimated that 80% of workloads could be in the cloud in the next few years. How can you make all that data secure?
Story image
Robotic Process Automation / RPA
Gartner anticipates RPA software revenue of US$2.9 billion
Gartner predicts global robotic process automation (RPA) software revenue to reach US$2.9 billion in 2022, an increase of 19.5% from 2021.
AWS Marketplace
Learn how security orchestration, automation, and response (SOAR) enhances your security strategy.
Link image
Story image
SaaS
Viavi updates Observer platform to simplify cloud monitoring
Version 18.8 simplifies cloud monitoring with data centre-like visibility, bringing two key capabilities to cloud-based applications and deployments.
Story image
Healthcare
SOTI research explores professional's thoughts on digitisation in the healthcare sector
Interconnectivity, automation and data management were the three key trends highlighted in the report as integral parts of successful medical technology implementation.
AWS Marketplace
Watch this webinar to gain building blocks for data mesh, and how AWS customers today are successfully enabling domain driven data.
Link image
Story image
API
Security gaps in APIs plague organisations - study
Together, the findings highlight that existing solutions and API security tactics focused on shift-left strategies are failing to adequately protect APIs.
Story image
Data
Hazelcast launches beta release of new serverless offering
Hazelcast Viridian Serverless speeds up app development, simplifies provisioning, and enables integration of real-time data into applications.
Story image
Apps
Freshworks integrates with Google's Business Messages
"The integration with Freshworks makes it fast and easy for businesses to have conversations with their customers within the Google apps."
Story image
Ransomware
Majority of execs in SEA anticipate ransomware attacks
Kaspersky's study uncovers that more than half believe a ransomware attack against their business is too small to worry about.
Story image
Internet of Things
AI-Link chooses Keysight offering to validate 5G performance
AI-Link has chosen Keysight Technologies' 5G test tools for end-to-end performance validation of cloud-native 5G radio access network (RAN) equipment.
Story image
Data Centre Maintenance / Management
Vertiv releases update to Smart InfraSight platform
Vertiv has unveiled an update to its Smart InfraSight data centre management platform, featuring improved intelligence and the ability to manage multiple IT devices.
Story image
Cybersecurity
More than a fifth of cybersecurity teams ban the use of public WiFi
Verizon’s fifth annual Mobile Security Index report has revealed a continued rise in significant cyberattacks in the last year involving a mobile/IoT device.
Story image
SaaS
OpenText launches new solutions on Salesforce AppExchange
Included in this latest launch is OpenText Core Content, a Content Services platform that customers can leverage to effectively manage their content.
Story image
Partnership
NCS, FPT Software launch Strategic Delivery Centre in Vietnam
The new partnership is designed to support increasing demand for high quality digital services across the region.
Story image
Data Protection
CyberRes partners with Google Cloud in lead up to BigQuery release
CyberRes, a Micro Focus line of business, has announced a partnership with Google Cloud to support the upcoming release of BigQuery remote functions.
Story image
Digital Transformation
Government needs content services aligned for better customer experience
Organisations across all industries in the private sector have made significant progress in digital transformation. The public sector, however, has not always kept up with the pace.
Story image
Indusface
Why enhancing bot protection for web and API endpoints matters
The trouble with bots is that they aren’t all bad. Unfortunately, this can make it challenging to detect malicious bots that find their way into your system and threaten your business.
Story image
Cybersecurity
Qualys develops EASM capabilities for Cloud Platform
"Qualys unique approach to EASM is integrating the internal and external asset data from CyberSecurity Attack Management with its VMDR solution into a single view."
Story image
Infrastructure
New developments for cable set to connect South America to APAC and Oceania
Further proposals have been issued to begin construction of the almost 15,000 km subsea Humboldt Cable cable, which connects South America to APAC and Oceania.
Story image
Hybrid Cloud
The essential guide to digital transformation by SolarWinds
Digital transformation is a buzzword thrown around all the time by companies, but what does it actually mean and why is it important? SolarWinds breaks it down.
Story image
Product Management
TeamViewer and Siemens to innovate product lifecycle space with AR
TeamViewer's new partnership with Siemens Digital Industries Software to bring the power of TeamViewer's AR platform, Frontline, to Siemen Teamcenter software.
Story image
SAP
Microsoft unveils two new security products to help reduce attack surfaces
The products are set to give companies deeper insights into threat actor activity and help them successfully navigate the changing threat landscape.
Story image
Radware
Good or bad - answer these questions to check application visibility
With the adoption of the hybrid cloud, applications now run in multiple private and public cloud environments managed by different teams and tools.
Story image
Appointments
Tech job moves - Checkmarx, Kinly, Syniti, Trellix & WalkMe
We round up all job appointments from July 22-28, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Cybersecurity
FirstWave responds to SMB demand for better cybersecurity
FirstWave developed the CyberCision Open Security Management Platform to respond to SMBs 'urgent' need for comprehensive cyber protection.
Story image
10 Minute IT Jams
Video: 10 Minute IT Jams - An update from Incode Technologies
Jonathan Andresen joins us today to discuss the identification and authentication solutions offered by Incode.
Story image
Ransomware
Ivanti and SentinelOne partner on patch management solution
Ivanti and SentinelOne will integrate their technologies Ivanti Neurons for Patch Management and SentinelOne's Singularity XDR platform.
AWS Marketplace
See how managed security services (MSS) have evolved to Managed Detection and Response (MDR) and Extended Detection and Response (XDR). Learn how these new holistic solutions can simplify security management and improve your threat detection and response.
Link image
Story image
Healthcare
Why the Metaverse could be the key to enhancing the healthcare sector
The experts at Accenture understand that the programmable world is about building the next version of the physical world in healthcare, understanding complex layers in order to fully utilise technology to its maximum effect.
Story image
CRM
Forrester names Pega a Leader in CRM Solutions 2022 report
Forrester Research has named Pega a Leader among 11 competitors in The Forrester Wave: Core CRM Solutions, Q3 2022 report.