Even though the semiconductor market grew nearly 20 percent in 2003, the chemicals and material market grew half that and will continue to do so, according to market research firm The Information Network.

According to the firm¡¯s president, Robert N. Castellano, the chemicals and materials market has under performed the semiconductor market for nearly 10 years because semiconductor manufacturers have utilized chemicals more efficiently and are purchasing chemicals at lower prices.

¡°The trend parallels the growth in chemicals management services (CMS), whose tenet is to purchase materials more effectively and at a lower cost than companies can do by themselves. But keep in mind that these CMS companies are chemical suppliers, so the money made in CMS goes into a different pocket than the chemical revenues, but still is reflected in corporate earnings,¡± he said in a statement.

The firm's data shows that the worldwide market for chemicals and materials for semiconductor manufacturing grew 9.9 percent in 2003 and is expected to grow only 10.9 percent this year.

By: DocMemory
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