Middle East & Africa Electronic Chemicals Market Forecast to 2030 - Regional Analysis - by Product Type (CMP Slurries, Photoresist Chemicals, Wet Chemicals, Acids, and Others) and End Use (Semiconductors, Flat Panel Displays, Printed Circuit Boards, Photo

Middle East & Africa Electronic Chemicals Market Forecast to 2030 - Regional Analysis - by Product Type (CMP Slurries, Photoresist Chemicals, Wet Chemicals, Acids, and Others) and End Use (Semiconductors, Flat Panel Displays, Printed Circuit Boards, Photovoltaics, and Others)

The Middle East & Africa electronic chemicals market was valued at US$ 1,860.65 million in 2022 and is expected to reach US$ 2,761.00 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.

Adoption of Nanotechnology in Electronic Devices Bolsters Middle East & Africa Electronic Chemicals Market

Nanotechnology has enabled the development of nanoelectronic devices and components, such as nanoscale transistors, nanowire-based sensors, Organic light-emitting diodes, electronic paper, and quantum dot displays. These nanoelectronic devices have the potential to overcome the drawbacks of conventional silicon-based electronics and offer a promising future for sensor technology. It has a wide range of applications in flexible electronic devices such as wearable technology, flexible displays, and biomedical devices. Nanotechnology is also utilized in various devices such as digital cameras, televisions, mobile phones, computers, and laptops. In October 2023, Teledyne Technologies launched a nano-drone with upgraded sensors. The device is integrated with a daytime camera, a thermal imager, and a software-defined data system. In 2021, Somalytics Inc launched two nano-based capacitive sensors-the SomaControl gesture monitor and the SomaSense 3D floor mat. Electronic chemicals are used to synthesize nanomaterials using sol-gel processes or electrochemical deposition. Nanomaterials require specific surface chemistries to enhance sensitivity, selectivity, and stability. Thus, electronic chemicals are used to functionalize the surface of nanomaterials. Therefore, the adoption of nanotechnology in electronic devices is anticipated to create research opportunities in the electronic chemicals market during the forecast period.

Middle East & Africa Electronic Chemicals Market Overview

Increasing awareness of environmental concerns, government initiatives, and investments in charging infrastructure are factors fostering the penetration of electric vehicles in the region. In 2023, Saudi Arabia's Public Investment Fund (PIF) partnered with the Saudi Electricity Company (SEC) to develop an electric vehicle infrastructure company. The company aimed to establish its presence in more than 1,000 locations and install 5,000 chargers across the country by 2030. Further, as the demand for mobile phones is high, the demand for smartphone-related accessories subsequently increases. In 2022, the Information Technology Industry Development Agency (Egypt) and OPPO (Chinese electronics manufacturer) signed a Memorandum of Understanding (MoU) for setting up a mobile phone manufacturing plant in Egypt, with an investment of ~US$ 20 million. In 2022, Nokia (a mobile manufacturer) and HMD Global partnered with Etisal for Advanced Industries (EAI) to assemble 1 million mobile phones in Egypt. In 2021, PV Hardware opened its manufacturing facility in Saudi Arabia to produce PV structures, solar tracking systems, and robotic cleaning devices in this facility. This growing investment of manufacturers in the region is expected to fuel the demand for electronic chemicals.

Middle East & Africa Electronic Chemicals Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Electronic Chemicals Market Segmentation

The Middle East & Africa electronic chemicals market is segmented into product type, end use, and country.

Based on product type, the Middle East & Africa 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 Middle East & Africa electronic chemicals market is segmented into semiconductors, flat panel displays, printed circuit boards, photovoltaics, and others. The printed circuit boards segment held the largest market share in 2022.

By country, the Middle East & Africa electronic chemicals market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa electronic chemicals market share in 2022.

FUJIFILM Holdings Corp, Songwon Industrial Co Ltd, Solvay SA, BASF SE, Linde Plc, and Honeywell International Inc are some of the leading companies operating in the Middle East & Africa electronic chemicals market.

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