Semiconductor Materials Market Size to Touch US$ 87.4 Bn by 2030

The global semiconductor materials market size should reach $ 87.4 billion by 2030 from $ 58.3 billion in 2021 at a compound annual growth rate (CAGR) of 4.6% for the forecast period of 2022 to 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2022 to 2030.

Market Estimations Y-O-Y:

The Asia Pacific market shall have the largest market share of the global semiconductor materials. As an increasing demand for wireless technologies and optoelectronics in this region. Increase in the electronics and the telecommunication industries in the Asia Pacific market. There’s an increasing demand for electronic products in emerging countries like China Taiwan and India. Taiwan is the largest manufacturer of semiconductors. Due to the presence of major players in Taiwan the semiconductor industry is expected to grow.

China is the largest consumer of semiconductor materials. The market share in this region is expected to grow during the forecast period. Due to the advanced packaging base this region shall grow well during the forecast period. Due to various partnerships and International players in China the semiconductor industry is expected to grow well. Due to various government initiatives in South Korea the manufacturing of semiconductor materials is growing. There’s an increasing development in the semiconductor industries in India. Governments are making policies in order to reduce the dependency of this region on various other countries.

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Report Scope of the Semiconductor Materials Market

Report highlights

• On the basis of the type, the Packaging materials is expected to have the largest market share during the forecast period. The use of these materials in aircraft power supplies, space and other aerospace industry is expected to drive the market during the forecast period.
• On the basis of application, the communication sector is expected to have the highest CAGR during the forecast period. The use of smart phones and wireless communication at the factors that contribute to the high demand for the semiconductor materials.
• On the basis of the region, the Asia Pacific region is expected to have the largest growth in the semiconductor materials market. Increase demand for telecommunication industries and electronics in in countries like Korea, India and Japan offer great opportunity for this market.

Market dynamics

Drivers

The increasing demand for microelectronic devices and is increasing trend of the portable devices along with digitalization are the important factors that are helping in the growth of the semiconductor materials market. There is an increased consumption of semiconductors and development of wafers across many countries. Increasing demand and expansion of the e-industry and other electronics is expected to give a boost to the semiconductor materials market. The use of semiconductor by various industries in order to develop multi property components which have extremely good performance due to the use of these components shall help in the growth of the market during the forecast period. The deployment of 5G technology robust investment and digitalization of global economies will contribute to the upward trend. The use of cloud services and data centers is expected to provide a boost to the semiconductor material market. There’s an increased demand for packaging material and wafer fabrication across the globe. Semiconductor materials are used in the solar cells which are integrated into the satellites as they have the properties of high resistance to warmth as well as radiation. Due to an increased demand for data storage devices which make use of the semiconductor material is expected to help in the growth of the market in the future.

Restraints

The major restraint in the growth of the semiconductor materials market is the manufacturing process of these materials as it happens to be extremely costly. The manufacturing process of the semiconductor materials is energy intensive which is another reason which will restrain the growth of the semiconductor material market. The lack of skilled workforce also happens to be a restraint. Even though there have been advancements in Internet connectivity and the market is providing enough growth opportunities the manufacturing capacity of the materials is not expected to meet the demand of the market.

Opportunities

There’s a high growth rate of the semiconductor materials industry in the communication segment. Due to improved communication technology and other communication related facilities the demand for semiconductors material is also expected to grow during the forecast period. Use of wireless communication and mobile which make use of silicon semiconductors help in providing higher speed as well as efficiency. Due to increased urbanization and growing population the demand for effective communication is expected to boost the semiconductor material market during the forecast period.

The use of semiconductor materials in the lasers and light emitting diodes shall also provide growth opportunities during the future.

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Challenges

The requirement of great amount of raw material for the manufacturing process happens to be a major challenge for the overall growth of the semiconductor materials industry. The increased manufacturing cost is another important challenge for the semiconductor material market. The semiconductor materials also do not last a longer period of time hence this also happens to be a major challenge.

Recent Developments

• Precision micro chemicals was acquired by BASF and Entegris For U.S.$ 90 million. This transaction includes intellectual property, trademarks and technologies.

Key Players/Manufacturers

This semiconductor materials market report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Key Players are listed as below:

• BASF SE
• Cabot Microelectronics
• Hitachi High-Technologies
• Electronic Materials
• JSR Corporation
• Tokyo Ohka Kogyo America
• Mitsui High-Tec
• DowDuPont
• Hemlock Semiconductor
• Henkel AG
• Air Liquide SA
• Avantor Performance Materials

Market Segmentation

By Product Type

• Fab Materials
  • Process Chemicals
  • Photomasks
  • Electronic Gases
  • Photoresists Ancilliaries
  • Sputtering Targets
  • Silicon
  • Other Fabrication Materials
• Packaging Materials
  • Substrates
  • Lead Frames
  • Ceramic Packages
  • Bonding Wire
  • Encapsulation Resins (Liquid)
  • Die Attach Materials
  • Other Packaging Materials

By Application

• Computers
• Communications
• Consumer Goods
• Defense & Aerospace
• Other

By Material

• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Bismuth Telluride

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Philippines
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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