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Europe Electronic Chemicals Market Forecast to 2030
Europe Electronic Chemicals Market Forecast to 2030 – Regional Analysis – by Product Type (CMP Slurries, Photoresist Chemicals, Wet Chemicals, Acids, and Others) and End Use (Semiconductors, Flat Panel Displays, Printed Circuit Boards, Photovoltaics, and Others)
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Description
Rising Demand for Flat-Panel Displays Drives Europe Electronic Chemicals Market
Flat-panel displays such as liquid crystal displays, organic light-emitting diode displays, and microLED displays require sophisticated manufacturing processes that rely on electronic chemicals. These chemicals are used for cleaning, patterning, coating, encapsulation, and surface treatment steps to fabricate various layers and components of flat-panel displays. Cleaning agents such as solvents, surfactants, and etchants are used to remove contaminants, particles, and residues from glass substrates and semiconductor layers. The increasing adoption of smartphones, tablets, televisions, digital signage, and automotive displays has fueled the demand for flat-panel displays. The demand for high-definition television and computer monitors with large screen sizes and high resolution is rising. The automotive industry is integrating flat-panel displays into vehicle dashboards, infotainment systems, instrument clusters, and rear-seat entertainment systems. Automotive displays provide navigation information and connectivity features that cater to consumer preferences for in-car technology. According to a European Automobile Manufacturers’ Association (ACEA) report, global motor vehicle production reached 79.1 million units, including 61.6 million passenger cars, in 2021. It reported a growth of 1.3% from 2020 to 2021.
Therefore, the rising demand for flat-panel displays is driving the demand for electronic chemicals.
Europe Electronic Chemicals Market Overview
Europe is growing with a fast-changing semiconductor marketplace as governments worldwide increasingly adopt more restrictive policies on importing and using chips from overseas. The European Commission passed the EU Chips Act in April 2023 with an aim to double Europe’s share in global chip production by 2030 by mobilizing US$ 47 billion in public and private investment. The plan included the expansion of advanced chip manufacturing technology and R&D facilities. In the semiconductor fabrication process, electronic chemicals are used for cleaning, etching, deposition, and doping of semiconductor materials such as silicon. Electronic chemicals play a major role in semiconductor manufacturing by enabling the precise control of material properties and the fabrication of highly complex integrated circuits. The Austrian government is placing a difference in its competitive legal environment to attract the investment of semiconductor manufacturers in the country. In January 2023, the Austrian government announced the funding of US$ 709.5 million until 2026 for research and business in Austria. From 2023 to 2026, US$ 650.4 million will be made available for the transformation and US$ 59.1 million for semiconductor production. In addition, the country relaunched the “Lab2Fab” program in 2022 with a fund of US$ 15 million. This program is co-financed with funds from the Zukunft Österreich Fund. This funding program is aimed at supporting the Austrian semiconductor industry and related sectors in carrying out multi-year research and development projects and the establishment of the industrial production of semiconductor products. Several European countries have set targets to phase out internal combustion engine vehicles and support the transition toward electric vehicles. Infrastructure developments, including charging stations, majorly focus on supporting the widespread adoption of electric vehicles. According to the International Trade Administration report published in 2022, increased investment in the automotive industry creates lucrative opportunities for automotive components and materials. Turkey marked the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2022. European automotive electronics manufacturers are focused on enhancing vehicle efficiency, reducing emissions, and improving user experience through innovations. Thus, growth in the region’s semiconductor and automotive electronics industries is expected to fuel the demand for electronic chemicals.
Europe Electronic Chemicals Market Revenue and Forecast to 2030 (US$ Million)
Europe Electronic Chemicals Market Segmentation
The Europe electronic chemicals market is segmented into product type, end use, and country.
Based on product type, the Europe electronic chemicals market is categorized into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment held the largest market share in 2022.
In terms of end use, the Europe electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The flat panel displays segment held the largest market share in 2022.
By country, the Europe electronic chemicals market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe electronic chemicals market share in 2022.
FUJIFILM Holdings Corp, Songwon Industrial Co Ltd, PVS Chemical Solutions Inc, Hitachi High-Tech Corp, Solvay SA, BASF SE, Linde Plc, and Honeywell International Inc are some of the leading companies operating in the Europe electronic chemicals market.
Summary Info
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According toThe Research Team’ research, the Europe electronic chemicals market was valued at US$ 6,349.81 million in 2022 and is expected to reach US$ 10,296.01 million by 2030, registering a CAGR of 6.2% from 2022 to 2030. Emerging applications in renewable energy and rising demand for flat-panel displays are among the critical factors attributed to drive the Europe electronic chemicals market growth.
Electronics are essential components of solar photovoltaic (PV) systems. Monitoring systems with electronic sensors and communication modules enable real-time performance monitoring and remote management of solar photovoltaic systems. Power converters, pitch control systems, and grid-tie converters are used to convert variable wind energy into stable AC electricity. Electronic components such as sensors, actuators, and control algorithms optimize turbine performance. Moreover, electronic components are used in energy storage systems and smart grid technologies. Electronics are the major contributors to the electric vehicle charging infrastructure, which supports the adoption of renewable energy-powered electric vehicles. According to the International Energy Agency 2023 report, the renewable power capacity is expected to increase in the next five years, of which solar PV and wind energy accounted for 96% of power capacity, as their power generation costs are lower than fossil and non-fossil alternatives. Solar PV and wind energy capacity are forecast to double by 2028 compared to 2022. The continuous growth in the economic attractiveness of PV and increasing government policy support, especially in China, the US, the European Union, and India, are expected to further accelerate capacity growth in the coming years. Thus, the emerging applications of electronics in renewable energy is further expected to create lucrative opportunities for the electronic chemicals market.
On the contrary, stringent environmental and regulatory requirements hampers the growth of Europe electronic chemicals market.
Based on product type, the Europe electronic chemicals market is categorized into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment held 28.2% market share in 2022, amassing US$ 1,789.72 million. It is projected to garner US$ 3,001.78 million by 2030 to register 6.7% CAGR during 2022-2030.
In terms of end use, the Europe electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The flat panel displays segment held 27.4% share of Europe electronic chemicals market in 2022, amassing US$ 1,739.16 million. It is anticipated to garner US$ 2,777.18 million by 2030 to expand at 6.0% CAGR during 2022-2030.
Based on country, the Europe electronic chemicals market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 28.9% share of Europe electronic chemicals market in 2022. It was assessed at US$ 1,832.87 million in 2022 and is likely to hit US$ 3,167.56 million by 2030, registering a CAGR of 7.1% during 2022-2030.
Key players operating in the Europe electronic chemicals market are FUJIFILM Holdings Corp, Songwon Industrial Co Ltd, PVS Chemical Solutions Inc, Hitachi High-Tech Corp, Solvay SA, BASF SE, Linde Plc, and Honeywell International Inc, among others.
In October 2023, Entegris Inc’s electronic chemicals division (formerly CMC Materials KMG Corp) was acquired by Fujifilm Corp. With the addition of FUJIFILM Electronic Materials Process Chemicals, Fujifilm will be able to provide its clients with a more diverse range of electronic chemicals.
In April 2023, FUJIFILM Corp broke ground on a new EUR 30 million expansion at its electronic materials manufacturing facility in Belgium. This EUR 30 million expansion significantly boosted the production capacity of FUJIFILM Electronic Materials (Europe) NV, which manufactures fundamental components and chemicals used in semiconductor manufacturing, such as cleansers, polyimides, developers, and solvents.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe electronic chemicals market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe electronic chemicals market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Chemicals Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
5. Europe Electronic Chemicals Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Semiconductor Industry
5.1.2 Rising Demand for Flat-Panel Displays
5.2 Market Restraints
5.2.1 Stringent Environmental and Regulatory Requirements
5.3 Market Opportunities
5.3.1 Emerging Applications in Renewable Energy
5.4 Future Trends
5.4.1 Adoption of Nanotechnology in Electronic Devices
5.5 Impact of Drivers and Restraints:
6. Electronic Chemicals Market – Europe Analysis
6.1 Europe Electronic Chemicals Market Revenue (US$ Million), 2020-2030
6.2 Europe Electronic Chemicals Market forecast Analysis
7. Europe Electronic Chemicals Market Analysis – By Product Type
7.1 CMP Slurries
7.1.1 Overview
7.1.2 CMP Slurries: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
7.2 Photoresist Chemicals
7.2.1 Overview
7.2.2 Photoresist Chemicals: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
7.3 Wet Chemicals
7.3.1 Overview
7.3.2 Wet Chemicals: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
7.4 Acids
7.4.1 Overview
7.4.2 Acids: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
8. Europe Electronic Chemicals Market Analysis – By End Use
8.1 Semiconductors
8.1.1 Overview
8.1.2 Semiconductors: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
8.2 Flat Panel Displays
8.2.1 Overview
8.2.2 Flat Panel Displays: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
8.3 Printed Circuit Boards
8.3.1 Overview
8.3.2 Printed Circuit Boards: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
8.4 Photovoltaics
8.4.1 Overview
8.4.2 Photovoltaics: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9. Europe Electronic Chemicals Market – Country Analysis
9.1 Europe Market Overview
9.1.1 Europe: Electronic Chemicals Market Breakdown, by Key Country, 2022 and 2030 (%)
9.1.1.1 Europe: Electronic Chemicals Market – Revenue and forecast Analysis – by Country
9.1.1.2 Germany: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.2.1 Germany: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.2.2 Germany: Electronic Chemicals Market Breakdown, by End Use
9.1.1.3 France: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.3.1 France: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.3.2 France: Electronic Chemicals Market Breakdown, by End Use
9.1.1.4 Italy: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.4.1 Italy: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.4.2 Italy: Electronic Chemicals Market Breakdown, by End Use
9.1.1.5 United Kingdom: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.5.1 United Kingdom: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.5.2 United Kingdom: Electronic Chemicals Market Breakdown, by End Use
9.1.1.6 Russia: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.6.1 Russia: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.6.2 Russia: Electronic Chemicals Market Breakdown, by End Use
9.1.1.7 Rest of Europe: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Europe: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.7.2 Rest of Europe: Electronic Chemicals Market Breakdown, by End Use
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 FUJIFILM Holdings Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Songwon Industrial Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PVS Chemical Solutions Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hitachi High-Tech Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Solvay SA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BASF SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Linde Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Honeywell International Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Research Team
Table 1. Europe Electronic Chemicals Market Segmentation
Table 2. Europe Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Table 3. Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 4. Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 5. Europe: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Country
Table 6. Germany: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 7. Germany: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 8. France: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 9. France: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 10. Italy: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 11. Italy: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 12. United Kingdom: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 13. United Kingdom: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 14. Russia: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 15. Russia: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Table 16. Rest of Europe: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by Product Type
Table 17. Rest of Europe: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million) – by End Use
Figure 1. Europe Electronic Chemicals Market Segmentation, by Country
Figure 2. Electronic Chemicals Market – Porter’s Analysis
Figure 3. Ecosystem Analysis: Electronic Chemicals Market
Figure 4. Electronic Chemicals Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Europe Electronic Chemicals Market Revenue (US$ Million), 2020-2030
Figure 7. Electronic Chemicals Market Share (%) – by Product Type (2022 and 2030)
Figure 8. CMP Slurries: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 9. Photoresist Chemicals: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 10. Wet Chemicals: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 11. Acids: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 12. Others: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 13. Electronic Chemicals Market Share (%) – by End Use (2022 and 2030)
Figure 14. Semiconductors: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 15. Flat Panel Displays: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 16. Printed Circuit Boards: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 17. Photovoltaics: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 18. Others: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 19. Europe Electronic Chemicals Market Revenue, By Key Country, (2022) (US$ Million)
Figure 20. Europe: Electronic Chemicals Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. Germany: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 22. France: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 23. Italy: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 24. United Kingdom: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 25. Russia: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 26. Rest of Europe: Electronic Chemicals Market – Revenue and forecast to 2030 (US$ Million)
Figure 27. Heat Map Analysis by Key Players
Figure 28. Company Positioning & Concentration
The List of Companies – Europe Electronic Chemicals Market
o FUJIFILM Holdings Corp
o Songwon Industrial Co Ltd
o PVS Chemical Solutions Inc
o Hitachi High-Tech Corp
o Solvay SA
o BASF SE
o Linde Plc
o Honeywell International Inc
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