Global Modeling Materials Industry To 2026 – Growing Demand From Electronics Industry
DUBLIN, August 12, 2021– (COMMERCIAL THREAD)–The “Patterned Materials Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The modeling materials market is expected to grow at a CAGR of over 4% globally during the forecast period.
Applied Materials, Inc
Fujifilm Holdings Corporation
Honeywell Electronic Materials, Inc
JSR Micro, Inc
Shin-Etsu Chemical Co., Ltd
Tokyo Ohka Kogyo Co., Ltd
Key market trends
Growing demand from the electronics industry
The modeling process is also commonly referred to as lithography. Structuring materials are mainly used in integrated circuits, information storage devices, display units, microelectromechanical systems (MEMS), sensors, biochips and micro-optical components.
Recently, the use of sensors in automobiles, robots and other electronic devices has increased dramatically. Increasing advancements in several technologies have increased the demand for modeling materials in developed countries.
In general, printed circuit boards, integrated circuits, microelectromechanical systems and nanoelectromechanical systems have increased the demand for newer components.
Information storage devices are in great demand around the world and these devices are used in laptops, mobiles, hard drives, USB sticks, etc.
In addition, foldable smartphones are gaining popularity in the market with high storage capacities recently. After the introduction of their first model in 2018 by Samsung and Huawei, Motorola also introduced its foldable flagship phone – Moto Razr, recently in 2020.
However, the impact of the COVID-19 lockdown is expected to decrease the electronics industry’s use and demand for modeling materials.
The Asia-Pacific region will dominate the market
Asia Pacific is expected to dominate the global market due to the highly developed automotive sector in China coupled with the continued investments made in the region to advance the electronics industry over the years.
Modeling materials play a major role in advancing semiconductor manufacturing technologies. China, Japan, Korea, Vietnam are the main countries in Asia-Pacific for the production of electronic components.
The introduction of the latest technologies and sensors in automobiles and the growth of automotive component production and assembly bases in the Asia-Pacific region in recent years are expected to pave the way for the consumption of modeling materials in the near future.
According to the World Health Organization (WHO), globally, more than 1.55 million people are killed in traffic accidents each year and around 50 million people are injured. Due to this, there is an increasing demand for safety and security in automobiles and it is one of the major factors which positively impact the growth of the market.
MEMS sensors can be widely used to control airbags in car crash in automotive industry. In addition, pressure sensors can be reused for refrigerator monitoring, HVAC fan control, detection of gradual pressure rise, detection of leaks and pressure drops, and other pressure monitoring applications. industrial processes.
The technological growth in the automotive industry, the increase in the production of electronic components in the Asia-Pacific region is expected to boost the modeling materials market in the coming years.
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increase in applications for electronics
4.1.2 Growing demand from the automotive industry
4.2.1 Impact of COVID-19
4.2.2 Other restrictions
4.3 Industry Value Chain Analysis
4.4 Porter’s five forces analysis
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
6.1 Mergers and acquisitions, joint ventures, collaborations and agreements
6.2 Market share (%) / Ranking analysis
6.3 Strategies adopted by the main actors
6.4 Company profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/k19hjn
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210812005422/en/
Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900