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With 30.2% CAGR, Spin on Carbon Market Growth to Surpass USD 747 million

03-19-2024 08:38 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

With 30.2% CAGR, Spin on Carbon Market Growth to Surpass USD 747

The spin on carbon market is projected to grow from USD 199 million in 2023 to USD 747 million by 2028, registering a CAGR of 30.2% during the forecast period. The expansion of EUV (extreme ultraviolet) lithography in memory manufacturing, rapid technological advancements in semiconductor manufacturing, and increasing complexity of integrated circuits will drive the market for spin-on carbon in semiconductors. Advanced memory development for next-generation memory devices is also expected to boost market growth in the coming years.

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Rapid technological advancements in semiconductor manufacturing and the increasing complexity of integrated circuits are key drivers that propel the demand for spin-on carbon materials in the semiconductor industry. SOC materials are used in a variety of semiconductor manufacturing processes, including planarization, gap filling, and patterning. These processes are essential for the fabrication of advanced semiconductor devices, such as those used in smartphones, computers, and other electronic devices. Technological advancements and the integration of technology in the new digital ecosystem have had a major impact on the semiconductor industry. Furthermore, various SOC manufacturers are offering spin-on carbon material for this semiconductor manufacturing process. For example, Brewer Science, Inc. offers OptiStack® multilayer lithography systems that use a combination of a thick, carbon-rich underlayer, a thin silicon hard mask, and a thin photoresist to achieve accurate pattern transfer to the substrate which is used for advanced high-volume semiconductor manufacturing processes.

Moreover, market players' increasing adoption and development of spin-on carbon with EUV lithography process is also driving the market growth. For instance, in 2022, Brewer Science, Inc. successfully developed a pattern transfer process using their high-temperature SOC with EUV lithography. Thus, Spin-on carbon materials play a critical role in supporting and enhancing the capabilities of EUV lithography, thereby contributing to the growth of the spin-on carbon market.

The memory devices application is expected to hold the largest market share during the forecast period. The memory devices market is experiencing sustained growth due to the rising need for high-performance memory and storage in various applications, such as artificial intelligence, machine learning, and storage processing. In addition, the next-generation memory devices have the potential to revolutionize the electronics industry and create new opportunities for the market. As the demand for high-speed, high-capacity, and energy-efficient memory devices continues to rise, the role of spin-on carbon materials becomes increasingly crucial in supporting the development of advanced memory technologies.

Based on Region, Asia Pacific is expected to lead the spin on the carbon market in 2022, with Taiwan being the largest market in the region. Taiwan which holds a significant share in spin-on carbon in semiconductors in the Asia Pacific, is home to leading semiconductor companies such as Taiwan Semiconductor Manufacturing Company Limited (TSMC), which is the world's largest dedicated semiconductor foundry. Moreover, governments and industry stakeholders in the Asia-Pacific region are making substantial investments in semiconductor infrastructure and manufacturing facilities to strengthen the region's position in the global semiconductor market. These investments create opportunities for the adoption of advanced semiconductor materials, such as spin-on carbon, contributing to the growth and expansion of the market in the region. Hence, the factors mentioned above would drive the spin on the carbon market in the Asia Pacific.

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Major players operating in the spin on carbon market are Samsung SDI Co., Ltd. (South Korea), Merck KGaA (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), YCCHEM Co., Ltd. (South Korea), Brewer Science, Inc. (US), JSR Micro, Inc. (US), KOYJ Co., Ltd. (South Korea), Irresistible Materials Ltd (UK), Nano-C (US), and DNF Co., Ltd. (South Korea), among others. These companies have strong distribution networks and reliable manufacturing facilities across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of a robust market presence, reputable products and services, and strong business strategies. Furthermore, these companies have a significant market share, products with varied applications, broader geographical use cases, and a more extensive product footprint.

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