The Electronic Chemicals CDMO Market Size is predicted to represent a 8.3% CAGR during the forecast period for 2024-2031.
The electrical chemicals are of high purity and are utilized in the manufacture, cleaning, etching, polishing, doping, and servicing of semiconductors, integrated circuits (ICs), and printed circuit boards (PCBs). The electrical chemicals CDMO industry consists of businesses that provide contract manufacturing services for specific chemicals and materials used in electronics. The market for electronic chemicals CDMO is anticipated to experience expansion due to factors such as rising demand from the worldwide microelectronics and chip fabrication industries. There will be a bolstering effect on the market from expansion in the semiconductor sector.
The need for electrical chemicals and materials has surged due to the growing popularity of many electronic goods, including those used in medicine, aircraft, lighting, and consumer electronics. Moreover, the rapid advancement of new medical equipment increases the demand for electronic chemicals CDMO. This is because developments are driven by the need to meet the precise production requirements of increasingly smaller and more efficient electronic components, which in turn demand greater complexity in materials, which is expected to fuel market growth in the coming years.
However, constantly improving chemical solutions necessitates substantial expenditure in R&D, which can be costly for smaller companies, and strict regulations related to electronic chemicals slow down the market's expansion throughout the predicted time frame. Furthermore, the industry's revenue growth over the projection period will be driven by technology advancements, strong relationships with governmental bodies, and the encouragement of innovation.
Competitive Landscape
Some Major Key Players In The Electronic Chemicals CDMO Market:
- Otsuka Chemical
- Solvias
- Inventys Research Company
- FUJFILM
- Cohance Lifesciences
- Astena Holdings
- Shin-Etsu
- Covestro
- Songwon
- Actylis
- ARBROWN Global
- Asahi Glass Co
- Eurofins CDMO Alphora Inc
- Sajjan India Limited
- SUMITOMO Chemical
- Others
Market Segmentation:
The electronic chemicals CDMO market is segmented based on type and application. Based on type, the market is segmented as metals and pastes, electronic speciality gases, polymer compounds, and others. As per the application, the market is segmented into battery, semiconductor, integrated circuit, consumer electronics, and others.
Based On Type, The Electronic Specialty Gases Segment Is Accounted As A Major Contributor In The Electronic Chemicals CDMO Market.
The electronic specialty gases category will hold a major share of the global electronic chemicals CDMO market in 2023. This is because they are manufactured to meet the stringent purity requirements of semiconductor manufacturing processes. Their level of purity guarantees that no impurities are introduced into the production processes that could compromise the functionality and reliability of electrical components. Innovative production methods can be made possible by creating new electrical speciality gases and gas combinations, driving market growth.
The Semiconductor Segment Witnessed Growth At A Rapid Rate.
The semiconductor segment is projected to grow rapidly in the global electronic chemicals CDMO market because by utilizing electronic chemicals, the production of semiconductors can be made more efficient, leading to less waste and higher yield. Because of this, manufacturing semiconductor devices has become less expensive, and the production of high-quality semiconductors relies on the use of electronic chemicals that meet stringent standards for purity, increasing this segment's growth in the coming years.
In The Region, The North American Electronic Chemicals CDMO Market Holds A Significant Revenue Share.
The North American electronic chemicals CDMO market is expected to register a large market share in revenue in the near future. This is because of the region's technological advancements, including the growing popularity of electronic chemicals CDMO. In addition, increasing demand for CDMO in the region is anticipated to be driven by the expanding R&D investments made by the life sciences and pharmaceutical industries. In addition, the Asia Pacific region's market is anticipated to experience expansion in the global market for electronic chemicals CDMO because of technological advancements, affordable services, and available experts in materials science, which drives the growth of the market in this area.
Recent Developments:
- In Oct 2023, FUJIFILM Corporation declared the successful conclusion of its $700 million acquisition of Entegris, Inc.'s (Entegris) electronic chemicals business. The name of the organization was changed to FUJIFILM Electronic Materials Process Chemicals. Twelve additional sites were acquired along with a comprehensive product line in electronic chemicals, 593 talented employees, and seven manufacturing locations in Europe, the United States, and Singapore; one of these sites became Fujifilm's inaugural electronic materials manufacturing site in Southeast Asia.
- In November 2023, Eurofins Genoma introduced niPGT-A, a novel preimplantation genetic aneuploidy screening test. This test is non-invasive and does not require embryo biopsy.
Electronic Chemicals CDMO Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 8.3 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, Application |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Otsuka Chemical, Solvias, Inventys Research Company, FUJFILM, Cohance Lifesciences, Astena Holdings, Shin-Etsu, Covestro, Songwon, Actylis, ARBROWN GLOBAL, Asahi Glass Co, Eurofins CDMO Alphora Inc, Sajjan India Limited, and SUMITOMO CHEMICAL. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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