Dublin, Jan. 15, 2025 (GLOBE NEWSWIRE) — The “Electronic Chemicals CDMO & CRO Market by Type, Scale, Application, End-Use & Region-Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The electronic chemicals CDMO and CRO market is projected to reach USD 0.66 billion by 2029, at a CAGR of 6.8% from USD 0.48 billion in 2024.
Growing trend of miniaturization has resulted into increased investment in electronics industry
Electronics miniaturization has dramatically altered the face of electronic chemicals, particularly for companies that are interested in CDMOs and CROs. Such a trend demands not only advanced chemical formulations but also ultra-high purity standards for the tiny, intricate components that make up today’s electronics. Because semiconductors and other electronic components are being scaled down in size, minor impurities can cause failure in performance, affecting the quality and functionality of the final product. CDMOs and CROs invest heavily in research and development to create materials that are up to these challenging standards, keeping pace with industry trends of reducing component size while improving functionality.
This sector also has important R&D investment requirements since developing high-performance ultra-pure materials involves intricate processes with heavy cost inputs. It has been estimated, for example, that according to industry reports, electronic chemical market worldwide will exhibit healthy growth, given increased demands on miniaturization for electronics and semiconductors. This demand calls for improvement among CDMOs and CROs on how they offer high-purity chemicals necessary for stages in the electronic manufacturing processes such as etching, cleaning, and deposition that require lithography. The smallest nodes involve extreme precision and stability that demands to operate at their targeted levels of consumer electronics applications, automotive electronics applications, and much more.
This miniaturization trend has motivated CDMOs and CROs to invest in special facilities and equipment that would help them achieve the desired levels of purity and consistency expected by their clients.
Gases, by type, accounts for the largest market share in terms of volume
The fastest-growing type is the gases segment in terms of volume of the electronics chemicals CDMO and CRO market because these are considered essential in the semiconductor manufacturing and advanced electronics production processes. Gases such as nitrogen, hydrogen, argon, and specialty gases, such as silane, ammonia, and fluorinated compounds, are absolutely needed in each stage of semiconductor fabrication, namely deposition, etching, doping, and cleaning processes. The demand for semiconductors is increasing in applications, such as artificial intelligence, 5G technologies, electric vehicles, and renewable energy systems. This led to a need for higher purity electronic gases, especially for high-precision efficiency in the fabrication of the wafer, which ensures smaller, more efficient, and complex chips. Overall, expansion within the global semiconductor industry coupled with a continued pace in electronic device technologies represents vital factors responsible for the exponential increase of gases in this market.
Large have the largest market share in terms of volume
Large-scale production is going to be the major market segment for electronics chemicals CDMO and CRO because of high demand for cost efficiency, quality output, and scaling in meeting the increasing requirements of the electronics and semiconductor industry. The rapid growth in adoption of advanced technologies, including 5G, artificial intelligence, electric vehicles, and renewable energy systems, has increased the demand for the mass production of microelectronic components such as semiconductors, chips, and display panels. Large-scale facilities enable the manufacturers to face this increasing demand effectively.
Large-scale operations are of prime importance to achieve economy of scale, which reduces the cost of production while maintaining consistency and quality. These facilities cater to large-scale production for etchants, photoresists, and deposition material for high-volume electronics. This ensures that supply chains on a global level do not experience any disruption and will meet the needs of most industries that rely on the just-in-time production system.
Cleaning Agents have the largest market share in terms of volume
Cleaning agents should be the largest segment within the electronics chemicals CDMO and CRO market owing to their indispensable role in preserving the stringent purity and quality standards required in the microelectronics and semiconductor manufacturing sectors. These agents are therefore critical for removing contaminants, particulate matter, and residues from wafers, components, and surfaces at various steps in semiconductor manufacturing. As semiconductor technology advances toward smaller node sizes, cleaning agents are essential to achieving defect-free surfaces and ensuring the optimal performance of microelectronics. Applications such as wafer cleaning, photomask cleaning, and tool maintenance rely on these specialized chemicals, which must meet ultra-high purity standards to prevent adverse impacts on device performance.
Optoelectronics have the largest market share in terms of volume
Optoelectronics will be the biggest application segment for the electronics chemicals CDMO and CRO market, in view of its high pace of adoption across diverse applications and due to its role at the very heart of modern technology. It encompasses light-emitting diodes, laser diodes, photovoltaic cells, and optical sensors; these products are an essential part of industries ranging from telecommunication and consumer electronics to automobile. Global demand for advanced display technologies, including OLEDs and micro-LEDs in smartphones, TVs, and wearable devices, has significantly increased the consumption of optoelectronic materials.
Furthermore, increasing the use of optical sensors in autonomous vehicles and smart devices increases the demand even further. These devices need very specialized electronic chemicals, including deposition materials and photoresists, to provide precision and performance in optoelectronic components. With its ability to support diverse, high-growth industries combined with technological advancements, optoelectronics is a leading segment in the electronics chemicals CDMO and CRO market. Its growth mirrors the increased dependence on advanced technologies in daily life and industrial processes.
Based on region, North America was the second largest market
North America, in particular, is expected to be the second largest of the CDMO and CRO markets for electronics chemicals by virtue of its robust high-technology industry base, leading edge semiconductor manufacturing, and highly strong R&D ecosystems. North America is also home to among the world’s largest electronics and semiconductor manufacturers. Among Silicon Valley and other major technology complexes, this region provides important demand for specialty electronic chemicals.
Growing adoption of cutting-edge technologies such as 5G, artificial intelligence, autonomous vehicles, and renewable energy would drive the consumption of chemicals like photoresists, etchants, and high-purity cleaning agents. Moreover, North America’s leadership in optoelectronics, especially applications in telecommunications and automotive, reinforces the demand for electronic chemicals in the region. Further, the presence of leading CDMO and CRO players and advanced chemical manufacturing facilities adds to the growth of this market.
The key players in this market are Sajjan India Ltd. (India), Cohance Lifesciences (India), noctiluca (Poland), Actylis (US), AGC Inc. (Japan), Navin Fluorine International limited (India), CABB Group GmbH (Germany), Adesis Inc. (US), Inventys Research Company (India), LinkChem Technology Co., Ltd.(China), among others.
Research Coverage
This report segments the market for the electronic chemicals CDMO and CRO market on the basis of type, scale, end-use, application and region. It provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and partnerships associated with the market for the electronic chemicals CDMO and CRO market.
The report provides insights on the following:
- Analysis of key drivers: Expanding electronic sectors, along with growing trend of miniaturization are some of the key driving forces of electronics chemicals CDMO and CRO market
- Market Penetration: Comprehensive information on the electronic chemicals CDMO and CRO market offered by top players in the global electronic chemicals CDMO and CRO market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the electronic chemicals CDMO and CRO market.
- Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for the electronic chemicals CDMO and CRO across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global electronic chemicals CDMO and CRO market.
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the electronic chemicals CDMO and CRO market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 274 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $0.48 Billion |
| Forecasted Market Value (USD) by 2029 | $0.66 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
Premium Insights
- Attractive Opportunities for Players in Electronic Chemicals CDMO & CRO Market
- Electronic Chemicals CDMO & CRO Market, by Type
- Electronic Chemicals CDMO & CRO Market, by Application
- Electronic Chemicals CDMO & CRO Market, by Scale
- Electronic Chemicals CDMO & CRO Market, by End-use Industry
- Electronic Chemicals CDMO & CRO Market, by Country
Market Dynamics
Drivers
- Expanding Semiconductors Industry Pushing Production of Electronic Chemicals Through CDMOs
- Acceleration in Adoption of Advanced Technologies and Cloud Computing
- Growing Trend of Miniaturization Resulting in Increased Investments in Electronics Industry
Restraints
- Electronics Outsourcing Resulting in Working with External Partners
Opportunities
- Development of AI-Optimized Hardware Leading to Need for Specialized Chips and Sensors with High Processing Power and Efficiency
- Rapid Growth of High-Frequency Technologies
Challenges
- Strict Regulations Pertaining to Products Incorporating Advanced Technologies
Case Study Analysis
- Innovations and Outsourcing in Electronic Chemicals CDMO & Cro Services
- Intel’s Transition to Aqueous-based Cleaning in PCB Manufacturing
- Advancing Precision in Electronic Chemicals: Role of CDMOs and CROs in Meeting Smart Electronics Demands
Electronic Chemicals CDMO & CRO Market, by Type
- High-Performance Polymers
- Offer Durability and Stability Under High Temperatures and Chemical Exposure
- Acid and Base Chemicals
- Miniaturization of Electronic Components to Drive Demand
- Gases
- Indispensable for Enabling Precise Thin-Film Deposition, Surface Treatments, and Contamination-Free Environments
- Powders
- Facilitate High-Speed Connectivity and Efficient Heat Dissipation in Modern Devices
- Metals and Pastes
- Used for Conductivity, Interconnections, and Bonding in Semiconductor Devices and Electronic Assemblies
- Other Types
Electronic Chemicals CDMO & CRO Market, by Scale
- Large Scale
- Large-Scale CDMO Services Empower Mass-Market Applications
- Medium Scale
- Medium-Scale CDMO Services Optimize Innovation for Niche and Emerging Applications
- Small Scale
- Small-Scale CDMO Services Catalyze Innovation in Specialized Markets
Electronic Chemicals CDMO & CRO Market, by Application
- Photoresists
- Growing Demand for Advanced Electronics and Miniaturization Trend to Drive Growth
- Etchants
- Developments in Flexible and Wearable Electronics to Drive Growth
- Dopants
- Key to Modifying Semiconductor Materials for Precise Electrical Properties
- Cleaning Agents
- Ensure Removal of Contaminants to Maintain Integrity of Electronic Devices
- Deposition Materials
- Enable Precise Layering of Substances Essential for Fabrication of Advanced Electronic Devices
- Other Applications
- Thermal Interface Materials
- Chemical Mechanical Planarization
Electronic Chemicals CDMO & CRO Market, by End-use Industry
- Integrated Circuits
- Rising Energy Demand and Renewable Initiatives to Drive Growth
- Discrete Semiconductors
- Offer Precision, Customization, and Scalability
- Sensors
- Integral to Industries Where Real-Time Data Monitoring and Interconnected Devices are Critical
- Optoelectronics
- Increasing Adoption of Energy-Efficient and High-Performance Technologies to Drive Growth
- Battery
- Solid-State Batteries Offering Higher Energy Density and Improved Safety Over Lithium-Ion
Company Profiles
Key Players
- Sajjan India Ltd.
- Cohance Lifesciences
- Noctiluca
- Actylis
- AGC Inc.
- Navin Fluorine International Limited
- CABB Group GmbH
- Adesis Inc.
- Inventys Research Company
- Linkchem Technology Co. Ltd.
Other Players
- SSK Biosciences Pvt. Ltd.
- Chongqing Werlchem New Materials Technology Co. Ltd
- Viakem
- Innovassynth
- Pht Industries
- Sympharma
- Viruj Group
- Redox Scientific
- Sungwun Pharmacopia Co. Ltd.
- KNC Laboratories Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/qvph5k
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- Electronic Chemicals CDMO & CRO Market
