North America Electronic Materials Market was valued at USD 5.3 Billion in 2022 and is projected to reach USD 7.8 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The North American electronic materials market is experiencing significant growth, driven by the escalating demand for advanced electronic devices and the rapid evolution of semiconductor technologies. This surge is propelled by the increasing need for high-performance materials essential in the manufacturing of semiconductors, printed circuit boards (PCBs), and other electronic components. **Key Applications and Industry Requirements:** - **Semiconductors and Integrated Circuits:** The backbone of modern electronics, semiconductors require materials such as silicon wafers, photoresists, and specialty gases. These materials are crucial for the fabrication of integrated circuits that power devices like smartphones, computers, and automotive systems. - **Printed Circuit Boards (PCBs):** PCBs serve as the foundation for electronic circuits. The demand for high-quality PCB laminates and specialty chemicals is rising, driven by the need for more compact and efficient electronic devices. - **Consumer Electronics:** The proliferation of smartphones, tablets, and wearable devices has escalated the need for advanced electronic materials. Components like capacitors, resistors, and inductors are essential for the functionality of these devices. - **Automotive Industry:** The shift towards electric vehicles (EVs) and the integration of advanced driver-assistance systems (ADAS) have increased the demand for electronic materials. Components such as power semiconductors and sensors are vital for EVs and autonomous driving technologies. **Market Dynamics:** The North American electronic materials market is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2030. This growth is attributed to technological advancements, increased research and development activities, and the rising adoption of smart technologies across various sectors. citeturn0search1 However, the market faces challenges such as stringent environmental regulations, fluctuating raw material costs, and the need for a skilled workforce to operate complex manufacturing processes. **Strategic Developments:** To address these challenges and reduce dependence on foreign sources, significant investments are being made in domestic production capabilities. For instance, the U.S. Department of Energy has provided up to $1.2 billion in financing to Novonix, a company aiming to establish a large-scale graphite production facility in Tennessee. This initiative seeks to enhance the supply chain for lithium-ion batteries, essential for EVs and energy storage systems. citeturn0news15 In summary, the North American electronic materials market is poised for substantial growth, driven by technological advancements and the increasing demand for electronic devices across various industries. The focus on developing a resilient and self-sustaining supply chain is expected to bolster the region's position in the North America electronics market.
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Air Products and Chemicals Inc BASF SE
Shin-Etsu Chemical Co
The Dow Chemical Co.
AZ Electronic Materials S.A
Cabot Microelectronics Corp
Hitachi Chemicals Co. Ltd
JSR Corp
Kanto Chemical Co. Inc KMG Chemicals Inc Sumitomo Chemical Group
Tokyo Ohka Kogyo Co
Honeywell
Mitsubishi Chem
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Electronic Materials Market
Semiconductors & Integrated Circuits (IC)
Printed Circuit Boards (PCB)
Based on Types the Market is categorized into Below types that held the largest Electronic Materials market share In 2023.
Silicon Wafer
PCB Laminate
Photoresist
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Electronic Materials Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Electronic Materials Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electronic Materials Market, By Type
6. North America Electronic Materials Market, By Application
7. North America Electronic Materials Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electronic Materials Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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