TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 5
Population & Demographic Trends 7
Personal Consumption Expenditures 11
Manufacturing Sector Overview 13
Electronic Product Shipments 15
Electronic Component Shipments 17
Semiconductors 21
Passive Components 23
Printed Circuit Boards 25
Environmental & Regulatory Trends 27
III. TECHNOLOGY 32
General 32
Electronic Component Manufacturing 33
Polycrystalline Silicon Production 34
Silicon Wafer Fabrication 35
Integrated Circuit Fabrication 36
Interlayer Dielectrics 38
Printed Circuit Board Production 41
Packaging & Assembly Overview 44
Wire-Bond Technology 45
Surface Mount Technology 46
Chip-on-Board Technology 47
Multichip Module Technology 48
Chip Scale Packaging 49
Ball Grid Arrays 50
Flip Chip Technology 51
IV. OVERVIEW 53
General 53
Industry Flow Chart 56
Historical Growth & Cyclicality, 1993-2003 60
Electronic Polymer Pricing Trends 64
World Demand for Electronic Polymer Products 67
World Demand by Region 69
World Demand by Product 70
V. ELECTRONIC POLYMERS DEMAND BY RESIN 73
General 73
Thermoset Electronic Polymers 75
Thermosets Demand by Resin 78
Epoxies 79
Demand by End Use & Application 80
Suppliers & Products 83
Polyimides 88
Demand by End Use & Application 88
Suppliers & Products 91
Silicones 93
Demand by End Use & Application 93
Suppliers & Products 95
Phenolics 99
Demand by End Use & Application 99
Suppliers & Products 101
Polyurethanes 102
Other Thermoset Electronic Polymers 104
Thermoplastic Electronic Polymers 108
Thermoplastics Demand by Resin 111
Polysulfone & Polyethersulfone 112
Liquid Crystal Polymer 114
Nylon 117
Polyphenylene Sulfide 118
Polybutylene Terephthalate 120
Polyethylene Terephthalate 121
Other Thermoplastic Electronic Polymers 123
VI. ELECTRONIC POLYMER PRODUCTS DEMAND BY TYPE 126
General 126
Electronic Laminates 128
Electronic Laminates by Resin 130
Epoxy-Based Electronic Laminates 132
Polyimide-Based Laminates 134
Phenolic-Based Electronic Laminates 136
Other Thermoset Electronic Laminates 137
PET-Based Electronic Laminates 138
LCP-Based Electronic Laminates 139
Other Thermoplastic Electronic Laminates 140
Electronic Laminates Suppliers & Market Share 141
Packaging Materials 146
Encapsulants 148
Packaging Molding Compounds 152
Other Packaging Materials 154
Packaging Materials Suppliers & Market Share 156
Connector Molding Compounds 159
Polysulfone & Polyethersulfone Molding Compounds 162
Liquid Crystal Polymer Molding Compounds 164
Nylon Molding Compounds 165
Polyphenylene Sulfide Molding Compounds 167
Polybutylene Terephthalate Molding Compounds 169
Other Connector Molding Compounds 170
Connector Molding Compounds Suppliers & Market Share 172
Electronic Adhesives & Underfill 174
Die Attach Adhesives 177
Assembly & Surface Mount Adhesives 179
Conductive Adhesives 181
Underfill 184
Adhesives & Underfill Suppliers & Market Share 187
Other Electronic Polymer Products 189
Conformal Coatings 191
Low-k Dielectric Polymers 193
All Other Electronic Polymer Products 197
Other Electronic Polymer Products Suppliers
& Market Share 198
VII. ELECTRONIC POLYMER PRODUCTS DEMAND BY END USE 201
General 201
Printed Circuit Boards 203
Semiconductors 207
Passive Components 210
VIII. INDUSTRY STRUCTURE 214
General 214
Suppliers & Market Share 217
Isola (Ruetgers) 218
DuPont 218
Cookson 219
General Electric 219
National Starch and Chemical (ICI) 219
Rogers 220
Park Electrochemical 220
Henkel Loctite 220
Other 221
Acquisitions, Divestitures & Industry Restructuring 221
Joint Ventures & Cooperative Agreements 224
Research & Development 227
Competitive Strategies 230
Marketing & Distribution 232
Company Profiles 234
Ablestik Laboratories, see Imperial Chemical Industries
Acheson Colloids, see Imperial Chemical Industries
Air Products and Chemicals Incorporated 235
Arch Chemicals Incorporated 236
Arlon Incorporated, see Bairnco Corporation
Ashland Incorporated 238
Bairnco Corporation 239
Bakelite AG, see Ruetgers AG
BASF AG 240
Bayer AG 242
Celanese AG 243
ChemFirst Incorporated, see DuPont (EI) de Nemours
Chevron Phillips Chemical Company LLC 245
Conap Incorporated, see Cytec Industries Incorporated
Cookson Group plc 246
CPChem, see ChevronPhillips Chemical Company LP
Cytec Industries Incorporated 248
Dainippon Ink and Chemicals Incorporated 249
Degussa AG 250
Dow Chemical Company 251
Dow Corning Corporation 253
DuPont (EI) de Nemours 254
Durez Corporation, see Sumitomo Chemical
Eastman Chemical Company 257
Emerson & Cuming, see Imperial Chemical Industries plc
EMS-Chemie Holding AG 258
Epoxy Technology Incorporated 259
GE Plastics, see General Electric Company
General Electric Company 260
HD MicroSystems LLC, see DuPont and Hitachi Limited
Henkel KGaA 262
Hitachi Limited 264
Honeywell International Incorporated 265
Honeywell Plastics, see BASF AG
Huntsman Corporation 267
Imperial Chemical Industries plc 268
Isola Laminate Systems Corporation, see Ruetgers AG
Loctite Corporation, see Henkel KGaA
Lord Corporation 271
Matsushita Electric Works Limited 272
National Starch and Chemical, see Imperial Chemical (ICI)
Park Electrochemical Corporation 274
Polyclad Laminates Incorporated, see Cookson Group plc
PPG Industries Incorporated 275
Promerus LLC, see Sumitomo Chemical Company Limited
Reichhold Incorporated, see Dainippon Ink and Chemicals
Resolution Performance Products LLC 276
Rogers Corporation 277
Rohm and Haas Company 278
Ruetgers AG 280
Shin-Etsu Chemical Company Limited 282
Shipley Company LLC, see Rohm and Haas Company
Solvay SA 284
Sumitomo Chemical Company Limited 285
Ticona LLC, see Celanese AG
Tra-Con, see Imperial Chemical Industries plc
Vantico AG, see Huntsman Corporation
Wacker-Chemie GmbH 287
Other Companies in the Electronic Polymers Industry 289
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 7
2 Population Trends 11
3 Personal Consumption Expenditures 13
4 Manufacturers Shipments 15
5 Electronic Product Shipments 17
6 Electronic Component Shipments by Product 20
7 Semiconductor Shipments by Type 23
8 Passive Component Shipments by Type 24
9 Printed Circuit Board Shipments by Type 27
SECTION IV -- OVERVIEW
1 Electronic Polymer Products Demand 56
2 Electronic Polymer Products Demand: Historical Growth
& Cyclicality, 1993-2003 63
3 Electronic Polymers Pricing Trends 67
SECTION V -- ELECTRONIC POLYMERS
DEMAND BY RESIN
1 Electronic Polymers Demand 75
2 Thermoset Electronic Polymers Demand by End Use
& Application 77
3 Thermoset Electronic Polymers Demand by Resin 79
4 Epoxies Demand in
Electronic Components by End Use & Application 83
5 Polyimides Demand in
Electronic Components by End Use & Application 90
6 Silicones Demand in
Electronic Components by End Use & Application 95
7 Phenolics Demand in
Electronic Components by End Use & Application 101
8 Polyurethanes Demand in
Electronic Components by End Use & Application 104
9 Other Thermoset Polymers Demand in
Electronic Components by End Use & Application 108
10 Thermoplastic Electronic Polymers Demand by End Use
& Application 111
11 Thermoplastic Polymers Demand by Resin 112
12 Polysulfone & Polyethersulfone Demand in
Electronic Components by End Use & Application 114
13 Liquid Crystal Polymer Demand in
Electronic Components by End Use & Application 116
14 Nylon Demand in
Electronic Components by End Use & Application 118
15 Polyphenylene Sulfide Demand in
Electronic Components by End Use & Application 120
16 PBT Demand in
Electronic Components by End Use & Application 121
17 PET Demand in
Electronic Components by End Use & Application 123
18 Other Thermoplastic Polymers Demand in
Electronic Components by End Use & Application 125
SECTION VI -- ELECTRONIC POLYMER PRODUCTS DEMAND BY TYPE
1 Electronic Polymer Products Demand by Type 128
2 Electronic Laminates Demand 130
3 Electronic Laminate Demand by Resin 132
4 Epoxy-Based Electronic Laminates Demand 134
5 Polyimide-Based Electronic Laminates Demand 136
6 Phenolic-Based Electronic Laminates Demand 137
7 Other Thermoset Electronic Laminates Demand 138
8 PET-Based Electronic Laminates Demand 139
9 LCP-Based Electronic Laminates Demand 140
10 Other Thermoplastic Electronic Laminates Demand 141
11 US Electronic Laminate Sales by Company, 2003 145
12 Packaging Materials Demand by Type 148
13 Encapsulants Demand 151
14 Packaging Molding Compound Demand 154
15 Other Packaging Materials Demand 156
16 US Electronic Packaging Material Sales by Company, 2003 158
17 Connector Molding Compound Demand 162
18 Polysulfone & Polyethersulfone Connector Molding Compounds
Demand 163
19 Liquid Crystal Polymer Connector molding Compounds Demand 165
20 Nylon Connector Molding Compound Demand 167
21 Polyphenylene Sulfide Connector Molding Compound Demand 168
22 Polybutylene Terephthalate Connector Molding Compound
Demand 170
23 Other Connector Molding Compound Demand 172
24 US Connector Molding Compounds Sales by Company, 2003 173
25 Adhesives & Underfill Demand by Type 177
26 Die Attach Adhesives Demand 179
27 Assembly & Surface Mount Adhesives Demand 181
28 Conductive Adhesives Demand 184
29 Underfill Demand 186
30 US Electronic Adhesives & Underfill Sales by Company, 2003 188
31 Other Electronic Polymer Products Demand by Type 190
32 Conformal Coatings Demand 193
33 Low-k Dielectric Polymers Demand 197
34 All Other Electronic Polymer Products Demand 198
35 US Other Electronic Polymer Products Sales by Company,2003 199
SECTION VII -- ELECTRONIC POLYMER PRODUCTS
DEMAND BY END USE
1 Electronic Polymer Products Demand by End Use 203
2 Printed Circuit Board Applications for Electronic Polymer
Products by Product & PCB Type 206
3 Semiconductor Applications for Electronic Polymer Products
by Product & Packaging Type 210
4 Passive Components Applications for Electronic Polymer
Products 213
SECTION VIII -- INDUSTRY STRUCTURE
1 US Electronic Polymer Product Sales by Company, 2003 216
2 Selected Acquisitions & Divestitures in the Electronic
Polymers Industry, 2002-2003 224
3 Selected Cooperative Agreements in the Electronic Polymers
Industry 227
4 Research & Development Expenditures: Selected Electronic
Polymer Suppliers 230
LIST OF CHARTS
CHART NUMBER PAGE
SECTION IV -- OVERVIEW
1 Electronic Polymers Flowchart 59
2 Electronic Polymer Products Demand: Historical Growth
& Cyclicality, 1993-2003 64
3 World Electronic Polymer Products Demand by Region, 2003 70
4 World Electronic Polymer Products Demand by Product, 2003 72
SECTION VI -- ELECTRONIC POLYMER PRODUCTS DEMAND BY TYPE
1 Electronic Laminates -- US Market Share by Supplier, 2003 146
2 Electronic Packaging Materials -- US Market Share by
Supplier, 2003 159
3 Connector Molding Compounds -- US Market Share by
Supplier, 2003 174
4 Electronic Adhesives & Underfill -- US Market Share by
Supplier, 2003 189
5 Other Electronic Polymer Products -- US Market Share by
Supplier, 2003 200
SECTION VIII -- INDUSTRY STRUCTURE
1 Electronic Polymer Products -- US Market Share by
Supplier, 2003 217
