Asia Pacific Electronic chemicals demand stood at USD 15.03 billion in 2020 and is forecast to reach USD 28.118 billion by 2030, growing at a healthy CAGR of 6.48% until 2030. The growth can be attributed to the expanding semiconductor and PCB manufacturing base in South Korea, Taiwan, Japan, and China. Asian countries are the largest producers of semiconductors, with China accounting for the leading share in PCB production. Whereas other countries like Taiwan, South Korea, and Japan markets are expected to grow at the fastest rate due to the strong presence of foundries and OSAT services in their region. Furthermore, Malaysia, India, Thailand, and other Asian countries have received FDI investment and EOI for setting up semiconductor, smartphone, and other electronic manufacturing units in respective countries, which is likely to propel the demand for electronic chemicals in the Asia Pacific region. The COVID-19 had a devastating impact on many industries due to a decline in consumer demand, shutting down of manufacturing units, disrupted supply chains, etc. However, as the world is slowly recovering from the pandemic, there has been a growing demand for electronic components, which is likely to contribute to the Asia Pacific Electronic Chemicals market growth.
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Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Demand By Type Demand/Sale of Electronic Chemicals in different end-user industries across the country
Demand By End-Use Demand/Sale of Electronic Chemicals in different end-user industries across the country
Demand & Supply Gap Demand & Supply Gap at the regional level
Market Share of Leading Players Revenue shares of leading players in the country
News & Deal Historical & Current News & Deals in Electronic Chemicals market
To extract data for the Asia Pacific Electronic Chemicals market, the ChemAnalyst team conducts primary research surveys with Electronic Chemicals manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.