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Electronic Wet Chemicals Market Trends

Report ID: GMI8476
Published Date: Mar 2024
Report Format: PDF

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Electronic Wet Chemicals Market Trends

The electronic wet chemicals industry is undergoing a significant shift towards eco-friendly solutions and advanced semiconductor production methods. Stricter regulations and environmental concerns are pushing companies to develop innovative and sustainable solutions. Experts predict that these chemicals will find even wider use in emerging technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and 5G. Additionally, developing regions with growing electronics manufacturing present promising opportunities for market growth. Looking ahead, the combined forces of technological advancements, expanding semiconductor applications, and rising demand for high-quality electronics across various industries are expected to drive consistent market growth. Importantly, this growth will be marked by a strong focus on sustainability and improved efficiency.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for elastomeric membrane reached USD 42 billion in 2023 and is poised to expand at over 7.2% CAGR between 2024 and 2032 owing to the global upsurge in building projects, particularly in expanding cities.

The ethylene propylene diene monomer segment reached USD 16.5 billion in the elastomeric membrane market and is projected to witness high demand till 2032 due to its flexibility, durability, and exceptional resistance to weathering.

Asia Pacific market size accounted for USD 12.4 billion in 2023 and is estimated to record substantial growth through 2032 due to the uptick in construction, urbanization, and infrastructure endeavours.

Some of the top companies engaged in the industry are BASF SE, Carlisle Construction Materials, Firestone Building Products, GAF Materials Corporation, Henry Company, Johns Manville, Mapei Corporation, Sika AG, SOPREMA Group, Tremco Incorporated, Triflex GmbH & Co. KG, and W. R. Grace & Co.