The report of Global Semiconductor Materials Market, By Material Type (Wafer Fab Material, Packing Materials, Silicon Carbide,Gallium Manganese Arsenide and Copper Indium Gallium Selenide, and Others)End-Users (Consumer Electronics, Fabrication, Packaging, Healthcare, Automotive, Aerospace, and Others)and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 58.43 Bn by 2027, at a CAGR of 5.52% during the forecast period.
Ongoing trends and popularity for the E-comers all over the globe is boosting the market growth in terms of value and volume.
By material type segment is expected to grow at the highest CAGR of XX% during the forecast period.
Based on material type, the wafer fab materials segment accounted for thelargest share of the global semiconductor materials market in 2019, result in the high consumption of these in the miniature electronics devices and other manufacturing industries throughout the globe. Silicon wafer sub-segment grips the major share of the segment among other wafer materials, since it is extensively used across integrated circuits, sensors or detectors, MEMS fabrication, optoelectronic components, and others.The above-mentioned application will remain the major key factor for market growth in the coming seven years.
The Asia Pacific region dominated the Semiconductor Materials Market in 2019.
Regionally, Asia Pacific is the largest market and supply chain in the semiconductor materialsmarket owing to the factors likeimprovement of lifestyle and rise in disposable income. This hasincreased the popularity amongst the electronics end-users and is expected to heighten the application, although developing countries like China, Brazil, India’s high per capita income is a major growth driver for the semiconductor materials market in this region.
Leading market players in the global semiconductor materials market are, BASF SE, LG Chem Ltd, DowDuPont, Indium Corporation, Shin-Etsu MicroSi, Hitachi Chemical Co Ltd, Caplinq Corporation, UTAC Holdings Ltd, Sumitomo Chemical Co.Ltd, Nichia Corporation, Intel Corporation, Kyocera Corporation, Henkel AG & Company, Internation Quantum Epitaxy, and Sumitomo Chemical Company Ltd.
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