India electronic chemicals & materials market grows from USD 1.72B in 2025 to USD 2.29B by 2031 at 4.56% CAGR. Explore key drivers in semiconductors, PCBs and silicon wafers.
How Big Is the India Electronic Chemicals & Materials Market Getting?
According to TechSci Research report, the India Electronic Chemicals & Materials Market will reach a market size of about USD 1.72 billion by 2025 and is projected to grow to around USD 2.29 billion by 2031, reflecting a CAGR of 4.56% in the latest India electronic chemicals & materials market report.
This growth sits at the center of India’s fast‑evolving electronics industry, where wet chemicals, PCB laminates and silicon wafers form the backbone of semiconductor and integrated circuit (IC) manufacturing. As domestic electronics production expands and the India electronic chemicals market outlook turns more positive, demand for high‑purity materials, cost‑efficient formulations and competitive electronic chemicals price structures is rising across the value chain.
In practice, the report shows that India’s electronic chemicals & materials market is shifting from import‑heavy supply toward more localized capability, and this structural change makes the India electronic chemicals & materials industry a critical focus area for manufacturers, policymakers and investors.
What Are Electronic Chemicals & Materials and Why Do They Matter?
Electronic chemicals and materials are specialized inputs used in the fabrication and assembly of electronic components and systems. In India, three categories dominate:
Wet chemicals: high‑purity acids, bases, solvents and etchants used in cleaning, patterning, deposition and surface treatment of wafers and PCBs.
PCB laminates: copper‑clad laminates and related materials that provide the base structure for printed circuit boards.
Silicon wafers: thin slices of crystalline silicon that serve as substrates for integrated circuits and semiconductor devices.
These materials collectively enable the production of semiconductors, ICs and PCBs, making them fundamental to everything from smartphones and laptops to automotive ECUs, industrial controls and IoT devices. As India’s electronics industry scales under initiatives like “Make in India”, the role of these materials becomes even more strategic.
Key Market Drivers
Growth in the Electronics Industry
Electronic chemicals and materials underpin the devices India relies on daily. Wet chemicals, PCB laminates and silicon wafers power semiconductors and integrated circuits that form the backbone of modern technology.
India’s electronics sector has expanded rapidly, driven by:
Rising consumer demand for smartphones, TVs, appliances, PCs and wearables.
Government support through production‑linked incentives and electronics manufacturing schemes.
The country’s emergence as a popular manufacturing hub, with domestic electronics production growing from about USD 29 billion in FY15 to around USD 101 billion in FY23.
This surge in manufacturing directly feeds into higher consumption of electronic chemicals and materials, as every additional PCB, chip and module requires precise inputs captured in the India electronic chemicals & materials market report.
Surge in Technological Advancements
Technological progress plays a vital role in driving demand:
Nanotechnology, MEMS and NEMS have shifted design requirements toward finer features and higher materials performance.
New technologies like 5G and Artificial Intelligence (AI) significantly increase semiconductor content in networks, devices and infrastructure.
The IT sector contributes a substantial share to India’s GDP and is expected to reach hundreds of billions of dollars, amplifying the need for advanced electronics and supporting a strong market outlook for supporting materials.
As technology evolves, the number and complexity of electronic devices rise, driving continuous growth in electronic chemicals and materials demand.
Key Market Challenges
Volatility in Supply of Raw Materials
Frequent and persistent disruptions in raw material supplies create significant market volatility:
Export restrictions, bilateral dependencies and geopolitical tensions can restrict access to critical inputs.
Lack of transparency and concentration in supply chains raise risk for wet chemicals, laminates and wafer‑related materials.
Price volatility in core raw materials directly impacts electronic chemicals price stability.
For India’s electronic chemicals & materials market, any fluctuation in the supply of wet chemicals, PCB laminates or silicon wafers can disrupt production schedules, elevate costs and destabilize downstream manufacturing.
Need for Resilient Supply Chains
To address volatility, manufacturers are:
Diversifying supplier networks to reduce dependence on single sources.
Investing in technology for better supply‑chain visibility and forecasting.
Building deeper, trust‑based relationships with suppliers to manage shocks collaboratively.
These resilience strategies are increasingly essential to maintaining competitiveness and meeting the growing demand identified in the India electronic chemicals market report.
Key Market Trends
Growing Demand for Green Electronics
Green or eco‑friendly electronics — devices that are energy‑efficient, made from environmentally recyclable materials and designed for easy end‑of‑life recovery — are gaining popularity:
Consumers and businesses are more conscious of environmental impact, increasing demand for sustainable products.
Manufacturers are reducing hazardous substances and adopting bioplastics and bio‑based materials in devices and packaging.
This transition requires electronic chemicals and materials with lower environmental footprints, such as less toxic formulations and recyclable substrates.
As green electronics adoption grows, demand for eco‑aligned chemicals and materials rises, creating new opportunities and influencing long‑term industry outlook.
West India’s Rise as a Manufacturing Hub
West India, particularly Maharashtra and Gujarat, has emerged as the dominant region:
Strong industrial ecosystems house numerous electronics manufacturing units.
Well‑developed logistics, transportation and port infrastructure support efficient movement of goods.
Concentration of PCB, laminate and other electronics plants increases regional demand for electronic chemicals and materials.
This regional strength is reflected in the India electronic chemicals & materials market report through West India’s leading share by value.
Segmental Insights
Type Insights — Silicon Wafers as the Dominant Segment
By type, silicon wafers emerged as the dominant segment in 2025:
Silicon wafers are foundational substrates for microelectronic devices; ICs are built in and over these wafers.
Almost all semiconductor devices rely on high‑quality silicon wafers, making them central to the India silicon wafers market size.
As the global semiconductor boom continues and India pushes for more chip content in domestic manufacturing, wafer demand grows in direct correlation with the semiconductor industry.
This dominance underscores silicon wafers’ pivotal role in India’s electronic chemicals and materials ecosystem.
Application Insights — PCBs as a Rapid‑Growth Segment
On the application side, printed circuit boards (PCBs) are projected to grow rapidly:
PCBs provide mechanical support and electrical connections for virtually all electronic devices.
Consumer electronics, telecom equipment, automotive electronics and industrial controls all depend on PCBs.
With the Indian PCB market dominated by consumer electronics and smart devices, PCB output is expanding, driving higher consumption of laminates, etchants and other PCB‑related materials.
As digitization spreads and device penetration increases, PCBs remain a key growth engine in the India electronic chemicals & materials industry.
Regional Insights — Why West India Leads
West India emerged as the dominant region in the India Electronic Chemicals & Materials Market in 2023, with the largest value share:
States like Maharashtra and Gujarat boast robust manufacturing infrastructures and electronics clusters.
Strong transportation, logistics and port connectivity support imports of specialty chemicals and exports of finished products.
The concentration of electronics and PCB manufacturing units boosts regional demand for wet chemicals, laminates and wafers.
This combination of industrial strength and infrastructure makes West India central to the India electronic chemicals market outlook and future expansion.
Recent Developments in India Electronic Chemicals & Materials Market
In August 2025, Wipro Infrastructure Engineering (WIN) launched Wipro Electronic Materials, focusing on high‑performance base materials for PCBs, and announced a Copper Clad Laminate (CCL) facility in Karnataka (INR 500 crore investment, ~350 jobs) to reduce India’s complete import dependence on CCLs and strengthen domestic electronics supply chains.
In July 2025, the Department for Promotion of Industry and Internal Trade (DPIIT) highlighted sectors such as electronics and chemicals for targeted FDI engagement to enhance capital inflows and manufacturing capacity.
In July 2025, tariffs on Indian exports to the UK in labor‑intensive sectors, including chemicals and base metals, were reduced to zero, improving export competitiveness and indirectly supporting associated manufacturing.
These developments show how investment, policy and trade are aligning to support growth and resilience in the India electronic chemicals & materials market.
Key Market Players
Maharishi Solar Technology (P) Limited | BASF India Limited | Ashland India Private Limited | Merck Performance Materials Pvt. Ltd. | SunEdison Energy India Pvt. Ltd. | E.I. DuPont India Pvt. Ltd.
These companies participate across specialty chemicals, performance materials, solar‑linked products and semiconductor‑adjacent inputs, forming a significant portion of the competitive landscape in the India electronic chemicals & materials industry.
What Are the 10 Benefits of This India Electronic Chemicals & Materials Market Research Report?
Clear quantification of market size from 2025 through 2031, with CAGR and segment splits.
Identification of semiconductors & ICs as the fastest‑growing end‑use segment.
Insight into key demand drivers, including electronics manufacturing growth and technological advancements, shaping the market outlook.
Analysis of raw material supply volatility and its impact on electronic chemicals price trends.
Coverage of sustainability trends, especially green electronics and eco‑friendly material development.
Detailed regional profiling, highlighting West India’s leadership and future demand hotspots.
Profiles and strategic positioning of leading players in the India electronic chemicals & materials industry.
Review of recent investments, plant announcements and policy moves shaping domestic capacity.
Segmentation by type (wet chemicals, PCB laminates, silicon wafers) and application (PCBs, semiconductors and others) for targeted strategy design.
A consolidated, techno‑commercial report that replaces fragmented data for manufacturers, suppliers, policymakers and investors tracking India’s electronic materials market.
Frequently Asked Questions
Q: How big is the India Electronic Chemicals & Materials Market expected to be by 2031?
A: According to TechSci Research report, the India Electronic Chemicals & Materials Market is expected to reach around USD 2.29 billion by 2031, up from USD 1.72 billion by 2025, at a CAGR of approximately 4.56%.
Q: Which segment is the fastest‑growing in India’s electronic chemicals & materials market?
A: Semiconductors & Integrated Circuits (IC) are the fastest‑growing segment, driven by rising chip demand across consumer electronics, telecom, automotive and industrial applications.
Q: Which region leads the India Electronic Chemicals & Materials Market?
A: West India leads, supported by strong manufacturing bases, robust infrastructure and the presence of numerous electronics and PCB production units.
Q: What is the biggest challenge facing the electronic chemicals & materials industry in India?
A: The biggest challenges are volatility in raw material supply and dependence on imports for critical inputs, along with the need to upgrade domestic manufacturing technologies to meet advanced electronics requirements.
Source research report:-
https://www.linkedin.com/pulse/india-electronic-chemicals-materials-market-obauc