Semiconductor Materials Market is Forecasted to Reach US$90.1 Billion in 2028, Says Stratview Research

The global semiconductor materials market is projected to witness a growth rate of 5.7% annually from 2023 to 2028, with an anticipated size of US$90.1 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global semiconductor materials market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics

Market Size in 2028: US$90.1 billion
Growth (CAGR): 5.7% during 2023-2028
Leading Process Type: Wafer Fabrication Materials
Leading Application Type: Logic Devices
Leading End-Use Type: Computer
Leading Region: Asia-Pacific
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Semiconductor Materials Market:

The global Semiconductor Materials market is segmented based on Process type, Application type, End-Use type, and Region.

Based on Materials Type -

• The semiconductor materials market is segmented into wafer fabrication materials and packaging materials.

• Wafer fabrication materials are expected to remain the largest as well as the fastest-growing segment in the market during the forecast period.

• Wafer fabrication materials are the foundational elements in the semiconductor manufacturing process. They are used to create the semiconductor wafers through which integrated circuits (ICs) or chips are built. As ICs are the fundamental building blocks of electronic devices, such as computers, the demand for semiconductor wafers remains consistently growing at a healthy pace.

• Computer systems, automotive electronics, and industrial electronics rely heavily on semiconductor chips, and the growing trend towards smaller and more powerful devices with enhanced features drives the need for advancements in wafer fabrication materials.

Based on the Application Type -

• The market is segmented into DAO (Discrete, Analog, and Optoelectronics and sensors), logic, and memory.

• Logic devices are predicted to remain the largest application in the market over the next five years.

• The increasing prevalence of smartphones, the expanding adoption of electric vehicles, and the growth of 5G telecommunication infrastructure in both developed and developing nations are key factors contributing to the rising demand for semiconductor materials in logic devices.

Which Region Shows the Most Promising Growth Forecast and Opportunity?

• Asia-Pacific is expected to remain the largest as well as the fastest-growing market for semiconductor materials during the forecast period, mainly driven by Taiwan, South Korea, China, and Japan. Taiwan is the largest semiconductor material-consuming country in the world. Also, this region produces a significant portion of the world's electronic devices, including computers, smartphones, consumer electronics, and industrial equipment, all of which rely heavily on semiconductor materials. The continued expansion of electronics manufacturing in Asia-Pacific fuels the demand for semiconductor materials in the region.

• North America and Europe, sizeable markets, are also likely to create healthy growth opportunities in the coming five years, driven by increasing investments in R&D activities. For instance, in 2022, President Biden signed the New Chips Act, a new law that offers more than $52 billion in subsidies and tax breaks to encourage semiconductor manufacturing, research, and development in the USA, which in turn, creates several opportunities for semiconductor materials in North America and sustains the ecosystem of the region.

Semiconductor Materials Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing demand for miniature/compact gadgets with complex functionalities and the recovery in demand for semiconductors from various end-use industries is expected to drive the semiconductor materials market in the long run.

- The market expansion was driven by advanced process requirements in both wafer fabrication and packaging segments.

Top Companies in the Semiconductor Materials Market:

The global market for Semiconductor Materials is highly concentrated, with the top four companies capturing a lion's share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

- Shin-Etsu Chemical Co., Ltd.
- Merck KGaA
- DuPont de Nemours, Inc.
- Silktronic AG
- Ibiden Co., Ltd.
- Kyocera Corporation
- Toppan Printing Co., Ltd.
- Air Liquide S.A.
- Honeywell International Inc.
- JSR Corporation
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Semiconductor Materials market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.