Electronic Chemicals & Materials Market Expected to Reach $52 Billion in 2015
Rockville, MD, Marketwire - MarketResearch.com has announced the addition of BCC Research’s new report “Electronic Chemicals and Materials: The Global Market” to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6007229
Electronic chemicals and materials are solid, liquid, and gaseous substances used in the fabrication of semiconductors and printed circuit boards (PCBs). Global demand for electronic chemicals and materials, particularly in developed countries, is projected to increase at a compound annual growth rate (CAGR) of 12.6% through 2015.
The increase in demand for electronic chemicals and materials is related to overall growth in the production of electronic devices, as well as technological innovation that will create opportunities for new materials. New materials such as low-k dielectrics and advanced photoresists will see growth rates well above average, and opportunities will also emerge in existing technologies as chemical compositions are improved to attain better compatibility and lower costs.
The global electronic chemicals and materials market was estimated at $24.6 billion in 2009 and $28.5 billion in 2010. This market is expected to reach $51.6 billion in 2015, a compound annual growth rate (CAGR) of 12.6% over the 2010-2015 forecast period.
Wafer demand is projected to increase more than 20% in 2010 to approximately $14.7 billion, after declining by nearly 40% to $12.2 billion in 2009. BCC expects the market to reach $26.7 billion by 2015, a compound annual growth rate (CAGR) of 12.7% between 2010 and 2015.
Demand for polymers and conductive polymers in the electronics industry will grow at a projected compound annual growth rate (CAGR) of 26%, from an estimated $$1.9 billion in 2010 to about $5.9 billion in 2015. Most of the projected growth is attributable to conductive polymers.
For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6007229
MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world’s most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com .