Global Electronic Chemicals and Materials Market is expected to grow at a CAGR of 6.1% from 2016-2022 – Acute Market Reports
Electronic chemicals & materials are used as main components in a variety of electronic applications. This includes all the chemicals & materials used for the manufacturing, fabrication and packaging of electronic devices such as semiconductors, integrated circuits, printed circuit boards, flat panel displays, and others. The global electronic chemicals and materials market was valued at $43,510 million in 2015, and is expected to grow at a CAGR of 6.1% from 2016 to reach $64,919 million by 2022.
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The world electronic chemicals & materials market is segmented by application into wafer fabrication chemicals & materials and packaging chemicals & materials. Wafer fabrication is a process for complete manufacturing of electronic devices such as integrated circuits, printed circuit boards, flat panel displays, and solar cells using various chemicals & materials. Doped silicon wafers are mainly used for the fabrication process. The technique of packaging provides interconnection to the electronic materials. It also provides mechanical and environmental protection to facilitate reliability and better performance. Electronic packaging is defined as the enclosure and protection of the features present in the product. The packaging chemicals & materials include lead frame packaging, organic substrates, ceramic packages, resins, bonding wires, die attach materials, and others.
Top Winning Strategy
The key players in the world electronic chemicals & materials market are adopting different key business strategies such as acquisition, expansion, product launch, agreement and merger to withstand competition in the global competitive market. The market players profiled in this report are electronic chemicals and materials manufacturers and chemical providers who serve the product globally to several end-user industries. The data pertaining to market players and their strategic moves are gathered through annual reports and press releases of respective companies, various blogs, available on the website, and primary calls made to the experts in the industry.
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The above pie chart represents the percentages split of the strategies adopted by the top companies operating in the global electronic chemicals & materials market. Acquisition is the leading strategy adopted by the key players in this market followed by expansion, joint venture, merger, product launch, and agreement in order to widen their geographic reach in the electronic chemicals & materials market. Acquisition and expansion covers 46% and 39% share respectively out of the total number of strategies adopted by the leading companies during 20112016.
Patents are valuable assets for the companies and are submitted to protect the newly originated technologies. The electronic chemicals and materials are used in the manufacturing and packaging of electronic devices such as semiconductors, integrated circuits, printed circuit boards, flat panel displays, solar cells, and others. The increased demand for the consumers for compact and more efficient electronic products performing with enhanced technological advancement has increased the R&D development in this field.
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