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The Asia Pacific electronic chemicals market was valued at USD 19.37 Billion in 2024. The industry is expected to grow at a CAGR of 6.60% during the forecast period of 2025-2034. The increasing production of electronic materials, including smartphones, wearables, and appliances, and their enormous use in display applications, semiconductors, and batteries, boosts the demand of the electronics chemical market in the region. In turn, all these factors have resulted in the market attaining a valuation of USD 36.70 Billion by 2034.
Base Year
Historical Year
Forecast Year
The growing demand for semiconductors is driving the growth. This is mainly due to the increased production of semiconductors in nations like China, Taiwan, and South Korea. Such developing economies have a high demand for sophisticated chemicals that can help them meet their rapidly evolving technological needs, thereby boosting the growth in the Asia Pacific electronic chemicals market.
As companies seek to lessen their carbon footprint, the demand for environmentally friendly, sustainable chemicals used in the manufacturing of electronics is on the rise. Non-toxic etchants and biodegradable photoresists are two of the technologies that are growing in popularity.
The demand for specialized electronic chemicals is also being impacted by the trend toward automation in electronics production, which is set to increase production precision and lower costs. This is due to the strong demand for innovative and high-quality chemicals.
Value in USD Billion
2025-2034
Asia Pacific Electronic Chemicals Market Outlook
*this image is indicative*
Asia Pacific Electronic Chemicals Market Report Summary |
Description |
Value |
Base Year |
USD Billion |
2024 |
Historical Period |
USD Billion |
2018-2024 |
Forecast Period |
USD Billion |
2025-2034 |
Market Size 2024 |
USD Billion |
19.37 |
Market Size 2034 |
USD Billion |
36.70 |
CAGR 2018-2024 |
Percentage |
XX% |
CAGR 2025-2034 |
Percentage |
6.60% |
CAGR 2025-2034 - Market by Country |
India |
7.5% |
CAGR 2025-2034 - Market by Country |
China |
7.1% |
CAGR 2025-2034 - Market by Application |
Semiconductor & Integrated Circuits (IC) |
7.2% |
CAGR 2025-2034 - Market by Form |
Gaseous |
7.4% |
2024 Market Share by Country |
ASEAN |
10.3% |
The major demand drivers in the market are the development of 5G, IoT, and AI technologies. Among the main forces in this area are the rapid urbanization and industrialization as well as the expansion of consumer electronics. The increasing demand for advanced chemicals including photoresists, conducting materials, and cleaning chemicals is being driven by trends such as equipment miniaturization and a greater reliance on intelligent technology. Big players are investing in R&D to find new partnerships with regional electronics manufacturers, expand capacity, and innovate, thereby boosting the growth of the Asia Pacific electronic chemicals market. In order to meet changing market demands, they are also making large investments in the development of more effective and ecologically friendly chemicals.
As per the Asia Pacific electronic chemicals market analysis, the exceptional niche fueling high demand is the fast acceptance of OLED and LED technologies for smartphone, TV, and lighting screens. Essential to these technologies are high-performance materials such as OLED phosphors; encapsulants; and LED chip bonding adhesives. They are driving the innovations in light-enhancing chemicals, aiming for light efficiency and durability, and color authority. Furthermore, demand for energy storage solutions is on the rise, primarily driven by the requirements in electric vehicles and renewable energy generation systems. Lithium-ion battery materials, electrolytes, and conductive additives serve the important purpose of enhancing the performance and prolonging the life of the applications.
The key trends of the Asia Pacific electronic chemicals market include sustainability, miniaturization, rising demand of semiconductors, and adoption of important technologies like 5G and IoT.
Along with the rising concerns about the environment, the demand for sustainable and eco-friendly electronics chemicals is increasing at a rapid pace. This is an important emerging trend that is boosting the Asia Pacific electronic chemicals market growth. Companies are increasingly focusing on biodegradable and non-toxic chemical formulations to reduce environmental impact. For example, BASF and Dow are working on sustainable eco-friendly photoresists and etching solutions complying with environmental laws. Besides, the trend arises from consumer preferences towards greener, more sustainable electronic goods.
The miniaturization in electronics is tending to be a game-changer for the Asia Pacific electronic chemicals market dynamics. With the continuous shrinkage of electronic devices in terms of size and thickness while becoming more powerful, the drive to produce chemicals that can support precision and complexity in such devices is gaining strength. These include a wide range of sophisticated packaging chemicals, including solders, encapsulants, and underfills. These include companies like Samsung Fine Chemicals and Henkel that are creating materials to meet the demands of semiconductor and other electrical component downsizing.
Specialty chemical products are boosting the overall demand in the Asia Pacific electronic chemicals market. This is due to the growing need for high-performance semiconductors. All of the phases in the semiconductor process, including photolithography, etching, and cleaning, use these specialized electronic chemicals. For example, without silicon etching solutions and chemical mechanical planarization (CMP) slurries, chips' complex features cannot be formed. The Asia Pacific's Merck and Air Products continue to enhance their portfolio by supplying high-quality chemicals for advanced semiconductor fabrication in the region.
The rapid rollout of 5G networks and the rise of IoT devices are opening new opportunities in the Asia Pacific electronic chemicals market. The chemicals are needed for the manufacturing of devices and components used in these technologies, such as antennas, circuits, and connectors. These include high-end polymers and conductive inks, both of which are critical components of 5G infrastructure. Businesses like DuPont and Shin-Etsu Chemical are increasingly investing in research and development to produce high-performance materials that can meet the unique needs of 5G and other Internet of Things applications.
The electric vehicle (EV) market is growing at a rapid speed in the Asia Pacific region, providing enormous opportunities in the manufacture of battery production and electric components such as conductors and thermal management materials. To boost the growth opportunities in the Asia Pacific electronic chemicals market, companies can capitalize on compliance projects by working with specialized chemical consistent with EV batteries and components, essentially considering electrolyte solutions for battery assembly and adhesives used therein in value addition of safety and performance. Moreover, wearable devices and flexible electronics have rendered growing preference from the consumers’ end. In applications such as health monitoring and electronic displays, there has been substantial demand for various materials such as conductive inks, flexible substrates, and encapsulants. The companies innovating in this area are expected to gain momentum in this rapidly growing flexible electronics market space.
With a larger budgetary outlay, the Asian policymakers are keen to invest in technology-led sectors, like electronics manufacturing, as a strategy for economic growth. The respective technology promotion programs in developing Asia countries, like China, Japan, and India, linked with some infrastructure enhancements and innovations, are creating huge demand for electronic chemicals in the Asia Pacific region. These initiatives advance R&D in electronics and drive the need for specialty chemicals in automotive, consumer electronic, and telecommunication sectors.
The EMR’s report titled “Asia Pacific Electronic Chemicals Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Category
Market Breakup by Application
Market Breakup by Process
Market Breakup by Form
Market Breakup by Region
Market Insights by Category
The category segment is taking off strong in the Asia Pacific electronic chemicals market due to the flourishing electronics manufacturing. The fabs, for instance, for semiconductor use rely on wet chemicals and photoresists. The PCB laminates enhance circuit board demand for consumer electronics, wherein silicon wafers are essential for modern chip manufacture and special gases used for precision fabrication. CMP slurries play an important role in semiconductor polishing, and Low K dielectric materials are critical since they augment the chip performance aided by miniaturization trends in electronics.
Market Analysis by Application
Increasing demand for advanced electronics in smartphones, AI, and 5G, among others, is underpinning growing demand for semiconductor and Integrated Circuits (IC) applications. With increased complexity of semiconductor manufacturing comes the need for certain specialized chemicals including photoresists and CMP slurries, for instance, thereby augmenting Asia Pacific electronic chemicals market revenues. Additionally, nearly all electronic devices require Printed Circuit Boards (PCBs) which are mostly driven by consumer electronics and automotive sectors, has fueled the demand for high-quality PCB materials. The growth in PCB production is increasing the electronic chemicals in their manufacture.
Analysis by Process
Several processes play key roles in semiconductor production, boosting the overall Asia Pacific electronic chemicals demand forecast. Lithography and etching allow the intricate chip design to be followed, while material layering and doping occurs in deposition and diffusion processes, respectively, in advanced semiconductors. Metallization allows electrical connections to be formed on chips-and finally, polishing and cleaning ensure that surfaces are fit for premium work. As the world is demanding chips that are smaller and more efficient, the corresponding demand for specialized chemicals for these processes is growing, and that fuels market growth.
Market Insights by Form
The Asia Pacific electronic chemicals market is experiencing the fast-growing adoption of electronic chemicals in solid, liquid, and gaseous states due to their functionalities in semiconductor and electronics production. Solid chemicals include materials used in deposition and metallization, for instance, high-temperature superconductors provide stability with high precision. Liquid chemicals constitute photoresists and etchants that are essential for etching and lithography. Gaseous forms, projected to grow at 7.4% CAGR over the forecast period, are important in deposition methods through high-purity coating. The special demand for electronic products, in all three forms, demands specialized chemicals, thereby supporting market growth.
China Electronic Chemicals Market Opportunities
China, housing most of the electronics manufacturers dominates the electronic chemicals market in the Asia Pacific region. Due to demands encompassing semiconductors, consumer electronics, and the new 5G technology, strong industrial development of consumer electronics is aligned closely with the demand for specialized chemicals used in semiconductor fabrication processes separately.
India Electronic Chemicals Market Insights
The electronic chemicals market in India is expanding along with the increasing growth of technology and the automotive sectors. This market is expected to grow at a CAGR of 7.5% over the forecast period. Moreover, the demand for the chemicals used in PCB fabrication is rising as a result of significant investments in electronics production and manufacturing. Numerous initiatives from the Indian government, such the "Make in India" campaign, are the main drivers of these investments.
CAGR 2025-2034 - Market by |
Country |
India |
7.5% |
China |
7.1% |
Japan |
6.8% |
ASEAN |
XX% |
Australia |
XX% |
Others |
XX% |
Japan Electronic Chemicals Market Growth
Japan is a prominent player in the Asia Pacific electronic chemicals market. The country's dominance in high-tech industrial industries including robots, automotive electronics, and 5G technology is driving up demand for electronic chemicals in Japan. Japanese businesses place a strong emphasis on using premium chemicals for precise manufacturing.
ASEAN Electronic Chemicals Market Dynamics
Rapid industrialization and technological advancement in Vietnam, Thailand, and Singapore have resulted in expanding electronic chemicals market in the ASEAN area. The demand for more expensive chemicals for PCB and semiconductor manufacturing will mostly be driven by the growth of consumer electronics, automotive, and semiconductor manufacturing across ASEAN nations.
Australia Electronic Chemicals Market Outlook
Australia's increased emphasis on renewable energy and developing technological sectors is driving up the electronic chemical demand. Australia is increasingly searching for specialty chemicals for semiconductor, telecommunication, and battery manufacturing companies due to the growing need for energy storage and smart electronics in the mining and communications sectors.
The Asia Pacific electronic chemicals market players are focused on enhancing their product portfolio. Majority of the Asia Pacific electronic chemicals companies are emphasizing on high-performance sustainable chemicals through various research activities.
Linde AG was founded in 1879 and is headquartered in Munich, Germany. The company supplies specialty gases for photolithography, semiconductor manufacturing, and other electronic chemical processes throughout the Asia Pacific area.
BASF SE, a prominent supplier of electronic chemicals, was established in Ludwigshafen, Germany, in 1865. It provides state-of-the-art solutions for semiconductor fabrication as well as photoresists and sophisticated materials to satisfy the growing demand.
The headquarters of Air Liquide are in Paris, France, and the company was founded in 1902. One of the top suppliers of gases and chemical solutions in Asia Pacific, it primarily supplies those used in the electronics, semiconductor, and related manufacturing sectors.
Ashland has grown to be a popular leader in specialty chemicals, having been founded in Covington, Kentucky, United States, in 1924. It leads the Asia Pacific market for electronic chemicals and supplies cutting-edge materials for the semiconductor and electronics industries, including adhesives, resins, and coatings.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the Asia Pacific electronic chemicals market report are Sumitomo Chemicals, SK Chemicals, Foosung Co. Ltd., ENF, and Wonik Materials, among others.
New entrants in the market are increasingly concentrating on creating sustainable, eco-friendly chemicals including toxic-free etchants and biodegradable photoresists. Additionally, they are researching innovative materials for flexible electronics, energy storage, and semiconductor fabrication in an effort to meet the growing need for high-performing, eco-friendly, and energy-efficient goods.
Power2SME
Established in 2012, Power2SME is a provider of a business-to-business marketplace with a variety of industrial product categories. Inks, steel, polymers, paints, chemicals, and yarns are all listed in the product catalog. The portal provides small and medium-sized businesses with industrial products.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2024, the Asia Pacific electronic chemicals market reached an approximate value of USD 19.37 Billion.
The market is projected to grow at a CAGR of 6.60% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 36.70 Billion by 2034.
The major drivers of the market are the increasing production of electronic materials for increased demand for smartphones, wearable devices, and the growing investments in technology-led sectors like manufacturing.
The key trends of the market include sustainability, miniaturization, rising demand of semiconductors, and adoption of important technologies like 5G and IoT.
The major regions in the market are China, India, Japan, ASEAN, and Australia.
The various processes considered in the market report are lithography, etching, deposition, diffusion, metallization, polishing and cleaning.
The various forms considered in the market report are solid, liquid, and gaseous.
The applications considered in the Asia Pacific electronic chemicals market report are semiconductor & integrated circuits (IC) and printed circuit boards (PCB).
The major players in the market are Linde AG, BASF SE, Air Liquide, Ashland, Sumitomo Chemicals, SK Chemicals, Foosung Co. Ltd., ENF, and Wonik Materials, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Category |
|
Breakup by Application |
|
Breakup by Process |
|
Breakup by Form |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
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Companies Covered |
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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