Global Semiconductor Materials Market
The Global Semiconductor Materials Market was valued US$ 51.32 Bn in 2019 and is expected to reach 58.43 Bn by 2027, at a CAGR of 5.52% during the forecast period.
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.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
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.
Semiconductor Materials Market 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 materialsoffer 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 2019, owing to the increasing manufacturer demand, virtually, 45% of the market is acquired by the above-mentioned segment.
Semiconductor Materials Market 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 year2019, 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 thedeveloping 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 Taiwanwhich generateda large number ofemployments simultaneously, contributingto 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.
Recent Industrial Update:
In March 2020, 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 theGlobalSemiconductor 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.
Scope of Semiconductor Materials Market
Global Semiconductor Materials Market, By Material Type
• Wafer Fab Materials
• Packing Materials
• Silicon Carbide,
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
Global Semiconductor Materials Market, By End-Users
• Consumer Electronics
• Fabrication
• Packaging
• Healthcare
• Automotive
• Aerospace
• Others
Global Semiconductor Materials Market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Semiconductor Materials Market,
• 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
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