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Semiconductor Fabrication Material Market Size, Insights, Outlook, Overview AndMarket Research Report 2024-2033
Semiconductor Fabrication Material Market
As per the report, 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 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%.
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Surging Energy Sector Investments To Propel Semiconductor Fabrication Materials Market
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.
New Semiconductor Package Substrate Material Enhances Reliability And Reduces Warpage
Product innovations have emerged as a key trend gaining popularity in the semiconductor fabrication material market. Companies operating in semiconductor fabrication materials are focused on developing innovative products to sustain their position in the market. For instance, in June 2021, Panasonic Corporation, a Japan-based manufacturer of electric and electronic products, launched a semiconductor package substrate material (Product No. R-1515V). This product enabled both low package warpage and high assembly-level reliability. The new material has very low thermal expansion properties that reduce the warping of the substrate during the packaging process and optimized mechanical properties that lower the residual stress on solder joints.
The semiconductor fabrication material market covered in this report is segmented -
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, Defence and Aerospace, Other End Users
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Major companies operating in the semiconductor fabrication material market include 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
Contents of the report:
1. Executive Summary
2. Semiconductor Fabrication Material Market Report Structure
3. Semiconductor Fabrication Material Market Trends And Strategies
4. Semiconductor Fabrication Material Market - Macro Economic Scenario
5. Semiconductor Fabrication Material Market Size And Growth
…..
27. Semiconductor Fabrication Material Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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