Semiconductor Materials Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Key players are Kyocera Corporation and Sumitomo Chemical Co Ltd.

Semiconductor Materials Market is expected to grow at a CAGR of 3.29% to reach a market size worth US$70.18 billion by 2028.

The prime factors propelling the growth of the semiconductor materials market are the development of the automotive industry and the rise in demand for products manufactured by the electronics industry.

As per the study, the semiconductor materials market is expected to witness modest growth over the forecast period.

The substances with electrical conductivity levels ranging between conductors and insulators are referred to as semiconductor materials. They consist of a unique property to conveniently adjust their conductivity and modify electronic properties on exposure to dopants or impurities. Their compatible properties result in their usage in solar cells, transistors, and other electronic devices. The growing demands for increased electronics manufacturing, technical advancements, the rise in demand for renewable energy, and the expansion of medical and automotive industries are the significant drivers expected to boost the demand for semiconductor materials.

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The semiconductor materials market has been segmented into type, material, end-users, and geography.

By type, the market has been classified into packaging and fabrication sectors. Fabrication is expected to acquire a larger market share.

Based on materials, the division has been done into silicon, germanium, selenium, and others.

The market has been segmented by end-users into automotive, consumer electronics, medical, communications, and others. The automotive and consumer electronics industries are expected to hold prominent shares of the semiconductor materials market, driven by the expansion of their production activities. In the consumer electronics sector, various processes, such as manufacturing sensors for communication devices, such as accelerometers and gyroscopes, which enable motion detection and navigation functionality in smartphones and other devices, employ semiconductor materials. Hence, the need for semiconductor materials is anticipated to increase as smartphone production increases. For example, the aggregate production of mobile phones reached the value of Rs 85,000 crore in 2022, rising by 30% from its value in 2021, as per the India Cellular and Electronics Association. Consequently, it is anticipated that the rising consumption of electronics by consumers will increase demand for semiconductor materials in the consumer electronics sector.

By region the Asia Pacific region is expected to retain a considerable market share fueled by the growth of the electronics and automotive sectors of the major economies in the region. For example, according to the data released by the Ministry of Electronics and Information Technology of the Indian government, the manufacturing activities of India's electronics sector in 2020 reached a market value of US$74.7 billion, and it was estimated that the production and export of electronics in the country would exceed US$ 300 billion by 2025. Further, the Ministry of Economy, Trade, and Industry of the Japanese government declared that the manufacturing of consumer electronics equipment in Japan reached approximately 29,362 million yen in 2020.

The major players covered in the semiconductor materials market are BASF SE, Indium Corporation, Showa Denko Materials Co Ltd, Kyocera Corporation, Henkel AG, and KGAA, Sumitomo Chemical Co Ltd, DuPont, Nichia Corporation, ShinEtsu Microsi, and CAPLINQ Corporation.

This semiconductor materials market has been analyzed into the following segments:

• By Type

o Fabrication
o Packaging

• By Material

o Silicon
o Germanium
o Selenium
o Others

• By End-Users

o Automotives
o Consumer Electronics
o Medical
o Communications
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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This release was published on openPR.