The report “Electronic Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is an in-depth account of the global market for electronic chemicals and its key elements. The report states that the market is treading along a rapid growth path over the forecast period.Growing at a CAGR of 6.2% between 2014 and 2020, the market that was valued at US$41.02 billion in 2013, will reach US$62.92 billion by 2020. Asia Pacific emerged as the key demand driver for the market in the year 2013 by amassing nearly 60% market share.
A strong electronics industry and flourishing market for mobile devices will help the regional market to continue its dominant position in the electronic chemicals market over the foreseeable future. The report has been recently published by U.S.-based market intelligence firm Transparency Market Research and is available on the company’s website for sale.The report segments the global electronic chemicals market according to three chief criteria: product types, key application areas, and key regional markets.
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The report states that the global demand for electronic chemicals is largely dependent on a number of macroeconomic factors such as the GDP growth and increase in disposable incomes. Positive growth of developing economies in Asia Pacific over the past few years has led to an increased demand for electronic devices and mobile devices. The sales of smartphones, especially, have observed an exponential growth trajectory in Asia Pacific over the last decade. Owing to this, Asia Pacific led to the highest share of demand from the global electronic chemicals market in the year 2013, an estimated 60% of the total.
The market for smartphones had a rather sophisticated share of the overall electronic chemicals market in 2010 – nearly 22%. However by the end of 2013, the market for smartphones emerged as the undisputed leader of the global electronic chemicals market in 2013 when it garnered nearly 55% share of the overall market.The market will continue to benefit from the highly flourishing market for smartphones for the foreseeable future, but it will observe a huge boost from the nascent and highly promising market for hybrid electric cars.
Browse The Full Report at: http://www.transparencymarketresearch.com/electronic-chemical.html
The report presents a complex snapshot of the competitive landscape of the global electronic chemicals market and presents detailed financial profiles of some of the key vendors in the market. The report states that the market is highly fragmented; the top five players have hold of nearly 30% share of the market on a global level. Thus the market is highly price sensitive. Key end users entering into long-term agreements with manufacturers for customized solution has become one of market’s prominent trends. Environmental regulations related to structures of certain popular electronic chemicals have led to increased research investments from major players.
Profiles of electronic chemicals manufacturers such as Albemarle Corporation, BASF SE, Bayer MaterialScience, The Dow Chemical Company, and Huntsman Corporation are given in the report.
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