Press release
Semiconductor Fabrication Material Market 2024: Size, Share, Growth, Trends, Regions, Type And Forecast To 2033
Semiconductor Fabrication Material Market
The Business Research Company presents an extensive market research report on the Semiconductor Fabrication Material Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The semiconductor fabrication material market size has grown rapidly in recent years. It will grow from $60.85 billion in 2023 to $67.48 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to growth of the electronics industry, technological advancements in semiconductor materials, demand for smaller and more powerful chips, global consumer electronics market, increasing use of semiconductors in automotive, research and development in materials science..
The semiconductor fabrication material market size is expected to see rapid growth in the next few years. It will grow to $102.27 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to transition to 5nm and below semiconductor nodes, 3d packaging and chip stacking, quantum materials and computing, demand for ai and iot chips, sustainable and eco-friendly materials, miniaturization and power efficiency.. Major trends in the forecast period include advanced materials for neuromorphic computing, use of 2d materials in semiconductors, monolithic 3d integration for chip stacking, euv lithography for finer features, in-memory computing materials, materials for neuromorphic and quantum computing..
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Key Market Players:
Air Liquide SA, Avantor Inc., BASF SE, Dow Inc., Hitachi Chemical Company Limited, JSR Corporation, Kanto Chemical Co. Inc., KMG Chemicals Inc., Linde AG, Indium Corporation, Kyocera Corporation, Showa Denko Materials Co. Ltd., Applied Materials Inc., DuPont de Nemours Inc., Cabot Microelectronics Corporation, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Nippon Steel Chemical & Material Co. Ltd., Praxair Inc., Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Ohka Kogyo Co. Ltd., Tosoh Corporation, Ube Industries Ltd., Versum Materials Inc., Wacker Chemie AG, Wafer World Inc., Air Products and Chemicals Inc., Entegris Inc., Heraeus Holding GmbH, Honeywell International Inc., Lam Research Corporation, Tokyo Electron Limited are prominent players in the industry.
Market Drivers:
The increasing investment in the energy sector is expected to propel the growth of the semiconductor fabrication materials market. Semiconductors are generally installed in the energy sector, such as solar panels, drives, and pumps in wind and water turbines, and protection circuits in energy conversion to ensure efficiency and minimal power loss. The government is abundantly investing in the energy sector. According to the International Energy Agency (IEA) investment report in 2022, a France-based autonomous intergovernmental organization for energy, the global energy investment is anticipated to increase by over 8% in 2022 to reach USD 2.4 trillion, a significant increase over pre-Covid levels. All areas of the energy sector are seeing an increase in investment, but in recent years the power sector - particularly in renewables and grids - and greater expenditure on end-use efficiency have seen the biggest gains. Therefore, the increasing investment in the energy sector is driving the growth of the semiconductor fabrication materials market.
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https://www.thebusinessresearchcompany.com/report/semiconductor-fabrication-material-global-market-report
Market Segments Include:
1) By Semiconductor Type: N-Type, P-Type
2) By Fabrication Material: Silicon wafers, Photomasks, Photoresists, Other Fabrication Materials
3) By End User: Telecommunication, Energy, Electrical and Electronics, Medical and Healthcare, Automotive, Defense and Aerospace, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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