SAN FRANCISCO, June 28, 2016 /PRNewswire/ --
The global electronics materials & chemicals market is expected to reach USD 81.05 billion by 2024, according to a new report by Grand View Research, Inc. Electronic materials & chemicals are an essential part of electronic device manufacturing process. Increasing technological advancements in manufacturing electronic products owing to rising consumer demand for high-tech goods is expected to propel demand for the product over the forecast period.
(Logo: http://photos.prnewswire.com/prnh/20150105/723757 )
The consumer electronics segment is anticipated to drive market growth owing to significant demand particularly in emerging economies including India, Indonesia, and Vietnam. China is the largest manufacturer of consumer electronics and is a major consumer of semiconductors and PCB. This trend is expected to continue over the forecast owing to the growing emergence of low-cost manufacturers in the country.
Rising R&D initiatives employed by manufacturers to develop advanced electronic materials which provide superior performance is expected to be a key factor driving growth over the forecast period. Rising demand for electronic equipment with lower energy consumptions is likely to boost demand for use of new electronic Electronics such as organic and compound semiconductors. R&D related to synthesis of bio-based and biodegradable materials and chemicals for electronics industry is expected to drive the market growth.
The industry is characterized by the presence of numerous players with a strong foothold in the market. Fluctuating raw material prices and high competition is expected to pose a challenge for the industry players. Manufacturers are likely to establish production plants in the Asia Pacific in order to capitalize on high demand, low labor cost, land availability and abundant raw material availability in the region.
Browse full research report with TOC on "Electronic Materials And Chemicals Market Analysis By Product (Solid, Liquid, Gaseous), By Application (Silicon Wafers, PCB Laminates, Specialty Gases, Wet Chemicals And Solvents, Photoresist), By End-Use (Semiconductors & Integrated Circuits, Printed Circuit Boards) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/electronic-materials-and-chemicals-market
Further key findings from the report suggest:
Request for sample of this research report: http://www.grandviewresearch.com/industry-analysis/electronic-materials-and-chemicals-market/request
Grand View Research has segmented the electronic materials & chemicals market on the basis of product, application, end-use and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Read Our Blogs - mediafound.org , grandviewresearch.com/blogs/bulk-chemicals
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Share this article