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Global Electronic Wet Chemicals Market (2020 to 2025) - Improved IT Infrastructure and Upcoming Technologies Presents Opportunities

Dublin, Sept. 30, 2020 (GLOBE NEWSWIRE) -- The "Electronic Wet Chemicals Market Type, Form (Solid Liquid, Gas), Application (Semiconductor, IC Packaging, PCB), End-Use Industry (Consumer Goods, Automotive, Aerospace & Defence, Medical), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The market size of electronic wet chemicals was USD 3.3 billion in 2020 and is projected to reach USD 3.9 billion at a CAGR of 3.5% between 2020 and 2025.
It is driven by various factors, such as increasing demand for electronic wet chemicals from semiconductor cleaning and etching application, PCB, and IC packaging, among other applications. Technological advancements in the electronics industry are expected to further propel the growth of the market during the forecast period. However, factors, such as stringent health and environmental regulations regarding certain chemicals, are likely to hinder the growth of the market.The acetic acid segment is likely to drive the global market during the forecast period.The acetic acid segment accounted for the larger share of the market during the forecast period. The market growth in this segment is attributed to its extensive use in integrated circuits and it also serves as one of the main substrates for microelectronics. These factors are expected to increase demand during the forecast period.The semiconductor segment is expected to account for the largest market share during the forecast period.
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