Electronic Chemicals and Materials Market is a Big Business Opportunity

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The silicon wafers market is expected to grow in tandem with the growth of the integrated circuits and solar markets during the forecast period

The Electronic Chemicals and Materials Market size is estimated at $58.8 billion in 2020 and is projected to reach $81.7 billion by 2025. This represents a CAGR of 6.8 per cent during the forecast period.

“Increasing demand from the microelectronics and chip manufacturing industries globally is expected to drive the market,” read a report by Markets and Markets.

Silicon wafers segment estimated to be the largest type

Silicon wafers are a thin slice of semiconductor, which is made out of crystalline silicon and is a key component in the fabrication of integrated circuits and serve as a substrate for the microelectronics devices. The primary use of silicon wafer is in integrated circuits, which are the basic building block of any electronic devices, such as computers and smartphones.

Other applications include tire pressure systems and solar cells. The silicon wafers market is expected to grow in tandem with the growth of the integrated circuits and solar markets during the forecast period.

Any semiconductor device contains integrated circuits (ICs) and printed board circuit (PCB). ICs are an assembly of electronic components that are fabricated as a single unit, which includes actives devices and passive devices, such as transistors and capacitors along with their interconnections, which are built on a thin substrate of silicon material. The final circuit formed is termed as chip. A printed circuit board is a circuit where all the components are contained within a mechanical structure. It is built by alternating layer of conductive polymer along with layers of non-conductive insulation material.

APAC is the largest semiconductors market due to an increasing proportion of Chinese semiconductor products it’s the memory chip market in China, which generated most of the revenue of the semiconductor industry in the region.

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