Electronic chemicals is the world's second largest specialty chemicals, is in the electronic components and products manufacturing, silicon wafers and integrated circuits (IC), IC packaging and printed circuit boards (PCB) consumption and assembly of highly complex specialty chemicals commonly used in the processing steps. Electronic chemicals are precision chemical products for the electronics industry, which can be divided into IC electronic chemicals, PCB electronic chemicals, flat panel display electronic chemicals and other electronic chemicals according to the different application areas. According to the specific product further divided, due to the large amount of use, electronic gas in the global electronic chemicals market accounted for the largest share. 2021 global electronic chemicals market size of about 47.7 billion U.S. dollars, an increase of 6% year-on-year, is the fastest-growing industry of all specialty chemicals, according to the classification of the end-products, semiconductor & IC chemicals and PC & packaging chemicals each accounted for half of the market share. The global semiconductor & IC chemicals market is mainly concentrated in South Korea, China and Taiwan, followed by the U.S. and Japan, and the market size of mainland China is close to that of Japan reaching about $3 billion. According to the “2023-2029 Global and China Electronic Chemicals Industry Research and 14th Five-Year Plan Analysis Report”, the global electronic chemicals market size was approximately $50 billion in 2022 and is expected to reach $58.2 billion in 2029, with a compound annual growth rate (CAGR) of 2.2% over the period 2023-2029.
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