Summary

The Europe electronic chemicals market was valued at US$ 6,349.81 million in 2022 and is expected to reach US$ 10,296.01 million by 2030; it is estimated to register a CAGR of 6.2% from 2022 to 2030.

Rising Demand for Flat-Panel Displays Drives Europe Electronic Chemicals Market

Flat-panel displays such as liquid crystal displays, organic light-emitting diode displays, and microLED displays require sophisticated manufacturing processes that rely on electronic chemicals. These chemicals are used for cleaning, patterning, coating, encapsulation, and surface treatment steps to fabricate various layers and components of flat-panel displays. Cleaning agents such as solvents, surfactants, and etchants are used to remove contaminants, particles, and residues from glass substrates and semiconductor layers. The increasing adoption of smartphones, tablets, televisions, digital signage, and automotive displays has fueled the demand for flat-panel displays. The demand for high-definition television and computer monitors with large screen sizes and high resolution is rising. The automotive industry is integrating flat-panel displays into vehicle dashboards, infotainment systems, instrument clusters, and rear-seat entertainment systems. Automotive displays provide navigation information and connectivity features that cater to consumer preferences for in-car technology. According to a European Automobile Manufacturers’ Association (ACEA) report, global motor vehicle production reached 79.1 million units, including 61.6 million passenger cars, in 2021. It reported a growth of 1.3% from 2020 to 2021.

Therefore, the rising demand for flat-panel displays is driving the demand for electronic chemicals.

Europe Electronic Chemicals Market Overview

Europe is growing with a fast-changing semiconductor marketplace as governments worldwide increasingly adopt more restrictive policies on importing and using chips from overseas. The European Commission passed the EU Chips Act in April 2023 with an aim to double Europe’s share in global chip production by 2030 by mobilizing US$ 47 billion in public and private investment. The plan included the expansion of advanced chip manufacturing technology and R&D facilities. In the semiconductor fabrication process, electronic chemicals are used for cleaning, etching, deposition, and doping of semiconductor materials such as silicon. Electronic chemicals play a major role in semiconductor manufacturing by enabling the precise control of material properties and the fabrication of highly complex integrated circuits. The Austrian government is placing a difference in its competitive legal environment to attract the investment of semiconductor manufacturers in the country. In January 2023, the Austrian government announced the funding of US$ 709.5 million until 2026 for research and business in Austria. From 2023 to 2026, US$ 650.4 million will be made available for the transformation and US$ 59.1 million for semiconductor production. In addition, the country relaunched the "Lab2Fab" program in 2022 with a fund of US$ 15 million. This program is co-financed with funds from the Zukunft Österreich Fund. This funding program is aimed at supporting the Austrian semiconductor industry and related sectors in carrying out multi-year research and development projects and the establishment of the industrial production of semiconductor products. Several European countries have set targets to phase out internal combustion engine vehicles and support the transition toward electric vehicles. Infrastructure developments, including charging stations, majorly focus on supporting the widespread adoption of electric vehicles. According to the International Trade Administration report published in 2022, increased investment in the automotive industry creates lucrative opportunities for automotive components and materials. Turkey marked the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2022. European automotive electronics manufacturers are focused on enhancing vehicle efficiency, reducing emissions, and improving user experience through innovations. Thus, growth in the region's semiconductor and automotive electronics industries is expected to fuel the demand for electronic chemicals.

Europe Electronic Chemicals Market Revenue and Forecast to 2030 (US$ Million)

Europe Electronic Chemicals Market Segmentation

The Europe electronic chemicals market is segmented into product type, end use, and country.

Based on product type, the Europe electronic chemicals market is categorized into CMP slurries, photoresist chemicals, wet chemicals, acids, and others. The wet chemicals segment held the largest market share in 2022.

In terms of end use, the Europe electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The flat panel displays segment held the largest market share in 2022.

By country, the Europe electronic chemicals market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe electronic chemicals market share in 2022.

FUJIFILM Holdings Corp, Songwon Industrial Co Ltd, PVS Chemical Solutions Inc, Hitachi High-Tech Corp, Solvay SA, BASF SE, Linde Plc, and Honeywell International Inc are some of the leading companies operating in the Europe electronic chemicals market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Chemicals Market Landscape
4.1 Overview
4.2 Porter's Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
5. Europe Electronic Chemicals Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth of Semiconductor Industry
5.1.2 Rising Demand for Flat-Panel Displays
5.2 Market Restraints
5.2.1 Stringent Environmental and Regulatory Requirements
5.3 Market Opportunities
5.3.1 Emerging Applications in Renewable Energy
5.4 Future Trends
5.4.1 Adoption of Nanotechnology in Electronic Devices
5.5 Impact of Drivers and Restraints:
6. Electronic Chemicals Market - Europe Analysis
6.1 Europe Electronic Chemicals Market Revenue (US$ Million), 2020-2030
6.2 Europe Electronic Chemicals Market forecast Analysis
7. Europe Electronic Chemicals Market Analysis - By Product Type
7.1 CMP Slurries
7.1.1 Overview
7.1.2 CMP Slurries: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
7.2 Photoresist Chemicals
7.2.1 Overview
7.2.2 Photoresist Chemicals: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
7.3 Wet Chemicals
7.3.1 Overview
7.3.2 Wet Chemicals: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
7.4 Acids
7.4.1 Overview
7.4.2 Acids: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
8. Europe Electronic Chemicals Market Analysis - By End Use
8.1 Semiconductors
8.1.1 Overview
8.1.2 Semiconductors: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
8.2 Flat Panel Displays
8.2.1 Overview
8.2.2 Flat Panel Displays: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
8.3 Printed Circuit Boards
8.3.1 Overview
8.3.2 Printed Circuit Boards: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
8.4 Photovoltaics
8.4.1 Overview
8.4.2 Photovoltaics: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9. Europe Electronic Chemicals Market - Country Analysis
9.1 Europe Market Overview
9.1.1 Europe: Electronic Chemicals Market Breakdown, by Key Country, 2022 and 2030 (%)
9.1.1.1 Europe: Electronic Chemicals Market - Revenue and forecast Analysis - by Country
9.1.1.2 Germany: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.2.1 Germany: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.2.2 Germany: Electronic Chemicals Market Breakdown, by End Use
9.1.1.3 France: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.3.1 France: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.3.2 France: Electronic Chemicals Market Breakdown, by End Use
9.1.1.4 Italy: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.4.1 Italy: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.4.2 Italy: Electronic Chemicals Market Breakdown, by End Use
9.1.1.5 United Kingdom: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.5.1 United Kingdom: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.5.2 United Kingdom: Electronic Chemicals Market Breakdown, by End Use
9.1.1.6 Russia: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.6.1 Russia: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.6.2 Russia: Electronic Chemicals Market Breakdown, by End Use
9.1.1.7 Rest of Europe: Electronic Chemicals Market - Revenue and forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Europe: Electronic Chemicals Market Breakdown, by Product Type
9.1.1.7.2 Rest of Europe: Electronic Chemicals Market Breakdown, by End Use
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 FUJIFILM Holdings Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Songwon Industrial Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PVS Chemical Solutions Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hitachi High-Tech Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Solvay SA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BASF SE
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Linde Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Honeywell International Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners