Semiconductor Materials Market – Global Industry Analysis and Forecast (2024-2030)

Semiconductor Materials Market was valued at US$ 47.11 Bn. in 2023 and it is expected to reach US$ 68.62 Bn. by 2030 at a CAGR of 5.52% during the forecast period.
Global Semiconductor Materials Market Definition:
Semiconductors are materials with conductivity between conductors (generally metals), non-conductors or insulators (such as most ceramics). Semiconductor materials are the principal components essential during the manufacturing of the integrated circuits and devices.

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Semiconductor Materials Market Dynamics:
Technological advancement and development in the method of the manufacturing process in developed and developing countries are driving the growth of the semiconductor materials market globally. Semiconductor materials have broad applications in the manufacturing of electronic products. The electrical and electronics industry for developing microwave ICs, solar cells, photoresistors, high-performance RF devices, radio detectors, LED technology, and others are highly demanding for the semiconductor materials at the time of manufacturing above-mentioned products.

In the market, semiconductor materials are under trade names like Ikonic, Visionpad, Optiplane, Thermal Gel, PLANAPUR, and SELECTIPUR, engaged with the number of end-use industries across the globe expected to drive the global semiconductor market for the long run. End-Users including consumer electronics, healthcare, automotive, aerospace facilitated the development of significantly more complex and faster processing semiconductors leading to the demand for semiconductor materials and thus considered as major growth drivers for the market growth during the forecasted period.

However, unavailability of the skilled labour and the high cost of manufacturing are negatively influencing the semiconductor materials market growth.
Segment analysis:
By the end-user segment, the consumer electronics sub-segment is expected to dominate the semiconductor materials market during the forecast years. Availability of a large supply chain and growth in electronics engineering will require a high amount of semiconductor materials, which is expected to help the market growth. Another use of semiconductor material is recorded for the large application and demand by the automotive sector and is expected to augment the semiconductor material demand in the next seven years.

The application of semiconductor wafer and packing materials in numerous components of wearables, wireless charging platforms, mobile devices, smartphones, and tablets is expected to drive the demand for semiconductor materials during the forecast period as well. The growing trend and acceptance for miniature and customized devices are further expected to push the targeted segment’s growth. Owing to their unique properties, no substitutes for semiconductor materials are commercially available, andthese end-users of semiconductor material soffer efficient and safe operations that will help simultaneously the vendors to expand their business globally. The consumer’s electronics semiconductor materials market is likely to be valued at approximately US$ 30.32 Bn in 2023, owing to the increasing manufacturer demand, virtually, 45% of the market is acquired by the above-mentioned segment.
Regional Analysis:
Regionally, Asia Pacific is expected to dominate the Semiconductor Materials market with an expected to grow at CAGR of 4.1% during the forecast period. Advancement in machinery in the Asia Pacific region is boosting the market growth, especially India, and Chinahas documented as a major contributor as awareness toward medical equipment, and constant growth in the electronics industries in the region is very high thus, helping inthe market growth.

In the year 2023, approximately 40% of the market is acquired by Asia Pacific region and expected to grow constantly in the future. The presence of many vendors in the region and the developing projects in growing economies will boost the market demand. For instance, in April 2018, Hitachi Chemical Co. announced the construction of a new plant to produce advanced functional laminate materials in Taiwan which generated a large number of employments simultaneously, contributing to the targeted market growth.

Secondly, North America and Europe region expected to help this market to grow owing to the large spending on the industrial advancement and developed health care sector, and growing R&D projects will generate numerous opportunities for the market to grow.
Global Semiconductor Materials Market Recent Industrial Update:
In March 2023, Kyocera Corporation has announced to share transfer agreement with NEC Corporation to acquire all its shares in Showa Optronics Co., Ltd, an optical components manufacturer. Along with this attainment, the company has scheduled to diverse its optical components offerings by expanding its new product offerings in the laser market.
The objective of the report is to present a comprehensive analysis of the Global Semiconductor Materials Market including all the stakeholders of the industry.

The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Semiconductor Materials Market dynamics, structure by analysing the market segments and project the Global Semiconductor Materials Market size. Clear representation of competitive analysis of key players by End-Users, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Semiconductor Materials Market make the report investor’s guide.
Semiconductor Materials Market Report Scope: Inquire before buying



Semiconductor Materials Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 47.11 Bn.


Forecast Period 2024 to 2030 CAGR:
5.52%
Market Size in 2030:
US $ 68.62 Bn.


 Segments Covered:
by Material Type
Wafer Fab Materials
Packing Materials
Silicon Carbide,
Gallium Manganese Arsenide
Copper Indium Gallium Selenide


by End-Users
Consumer Electronics
Fabrication
Packaging
Healthcare
Automotive
Aerospace
Others


by Size
65nm
45/40nm
32/28nm
22/20nm
16/14nm
10/7nm
7/5nm
180nm
130nm
90nm
5nm



Semiconductor Materials Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Semiconductor Materials Market Key Players
1. BASF SE
2. LG Chem Ltd
3. DowDuPont
4. Indium Corporation
5. Shin-Etsu MicroSi
6. Hitachi Chemical Co Ltd
7. Caplinq Corporation
8. UTAC Holdings Ltd
9. Sumitomo Chemical Co.Ltd
10. Nichia Corporation
11. Intel Corporation
12. Kyocera Corporation
13. Henkel AG & Company
14. Internation Quantum Epitaxy
15. Sumitomo Chemical Company Ltd
16. Cabot Microelectronics
17. Hemlock Semiconductor
18. Air Liquide SA
19. Avantor Performance Materials
20. JSR Corporation
21. Ohka Kogyo America
22. Mitsui High-Tec

Frequently Asked Questions:

1. Which region has the largest share in Global Semiconductor Materials Market?
Ans: Asia Pacific region holds the highest share in 2023.

2. What is the growth rate of Global Semiconductor Materials Market?
Ans: The Global Semiconductor Materials Market is growing at a CAGR of 5.52% during forecasting period 2024-2030

3. What is scope of the Global Semiconductor Materials market report?
Ans: Global Semiconductor Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Semiconductor Materials market?
Ans: The important key 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, Sumitomo Chemical Company Ltd, Cabot Microelectronics, Hemlock Semiconductor, Air Liquide SA, Avantor Performance Materials, JSR Corporation, Ohka Kogyo America, and Mitsui High-Tec.

5. What is the study period of this market?
Ans: The Global Semiconductor Materials Market is studied from 2023 to 2030