The Electrical And Electronics Materials by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electrical And Electronics Materials, The electrical and electronics materials market size has grown rapidly in recent years. It will grow from $2.53 billion in 2023 to $2.82 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to miniaturization demand, semiconductor evolution, energy efficiency requirements, advancements in printed circuit boards (pcbs), demand for high-performance polymers.
The electrical and electronics materials market size is expected to see rapid growth in the next few years. It will grow to $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to shift towards advanced semiconductor materials, demand for flexible electronics, expansion of iot and wearable devices, focus on electric vehicles (evs), demand for sustainable materials.. Major trends in the forecast period include advancements in nanotechnology, flexible and printable electronics, focus on energy storage materials, emergence of wide bandgap semiconductors, advanced dielectric and insulating materials.
The growth in the production of electric vehicles (EVs) is expected to propel the growth of the electrical and electronic materials market going forward. An electric vehicle refers to a vehicle with an electric motor that can take power from a battery and be charged from an external source. The various electrical and electronic materials are considered to be the primary component in electric vehicles, thus, an increase in electric vehicles necessitates more electrical and electronic materials, which raises demand for the electrical and electronic materials market. For instance, according to the Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Furthermore, the sales of electric cars worldwide in 2021 have reached 6,600,000 units, up from 2,980,000 units. Therefore, the increasing demand for electric vehicles is driving the growth of the electrical and electronic materials market.
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The electrical and electronics materials market covered in this report is segmented –
1) Electrical And Electronics Materials Market By Product: Silicon Wafer, PCB Laminate, Photoresist, Other Products
2) Electrical And Electronics Materials Market By Voltage: Low Voltage, Medium Voltage, High Voltage
3) Electrical And Electronics Materials Market By Application: Semiconductors and Integrated Circuits (IC), Printed Circuit Boards (PCB), Other Applications
Top Major Players
E.I. du Pont de Nemours and Company
Technological advancement is the key trend gaining popularity in the electrical and electronic materials market. Major companies operating in the electrical and electronic materials market are focusing on developing new technologies to sustain their position in the market. For instance, in December 2022, DuPont, a US-based chemical company, launched CYCLOTENE DF6000 PID dry film material. It is a brand-new dry film material that is photo-imageable (PID) and suitable for use in sophisticated semiconductor packaging. The wide photolithography latitude of the CYCLOTENE DF6000 PID dry film material makes it appropriate for extremely complicated circuit layouts. In order to satisfy the expanding demands of high-frequency data transmission applications, it offers signal integrity over a wide frequency range, including 5G frequencies, and has high thermal stability.
The electrical and electronics materials market report table of contents includes:
1. Executive Summary
2. Electrical And Electronics Materials Market Characteristics
3. Electrical And Electronics Materials Market Trends And Strategies
4. Electrical And Electronics Materials Market – Macro Economic Scenario
5. Global Electrical And Electronics Materials Market Size and Growth
……
31. Global Electrical And Electronics Materials Market Competitive Benchmarking
32. Global Electrical And Electronics Materials Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electrical And Electronics Materials Market
34. Electrical And Electronics Materials Market Future Outlook and Potential Analysis
35. Appendix
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