Electronic Chemicals and Materials Market worth $81.7 billion by 2025 - Exclusive Report by MarketsandMarkets Electronic Chemicals and Materials Market by Type (specialty gas, CMP slurries, conductive polymers, photoresist, low K dielectrics, wet chemicals, silicon wafers, PCB laminates), Application (semiconductors, others) and Region - Global forecast to 2025 , published by MarketsandMarkets, the Electronic Chemicals and Materials Market size is estimated at USD 58.8 billion in 2020 and is projected to reach USD 81.7 billion by 2025, at a CAGR of 6.8% during the forecast period. Increasing demand from the microelectronics and chip manufacturing industries globally is expected to drive the market.
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Silicon wafers segment is estimated to be the largest type of electronic chemicals and materials.
Silicon wafers are a thin slice of semiconductor, which is made out of crystalline silicon and is a key component in the fabrication of integrated circuits and serve as a substrate for the microelectronics devices. The primary use of silicon wafer is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones. Other applications include tire pressure systems and solar cells. The silicon wafers market is expected to grow in tandem with the growth of the integrated circuits and solar markets during the forecast period.