High Purity Yttrium Oxide (Y2O3) Power for Semiconductor Market Size, Trends & Forecasts | Valuates Reports

High Purity Yttrium Oxide (Y2O3) Power for Semiconductor Market Size

The global market for High Purity Yttrium Oxide (Y2O3) Power for Semiconductor was valued at US$ 78.5 million in the year 2024 and is projected to reach a revised size of US$ 128 million by 2031, growing at a CAGR of 7.4% during the forecast period.

High purity yttrium oxide is applied in the semiconductor and liquid-crystal-display (LCD) production equipment with Antiplasma erosion resistance.

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Semiconductor manufacturing equipment is a medium tool for achieving semiconductor manufacturing processes, playing an important role in all aspects. According to SEMI, worldwide sales of semiconductor manufacturing equipment increased 5% from $102.6 billion in 2021 to an all-time record of $107.6 billion in 2022.

In recent years, the localization process of China"s semiconductor industry has further accelerated, and the performance of semiconductor equipment is more flexible than the overall industry. The localization of semiconductor equipment is ushering in a golden wave, and domestic semiconductor equipment is facing more opportunities for verification and trial use, technical cooperation, and import substitution. For the third consecutive year, China remained the largest semiconductor equipment market in 2022 despite a 5% slowdown in the pace of investments in the region year over year, accounting for $28.3 billion in billings.

The record high for semiconductor manufacturing equipment sales in 2022 stems from the industry's drive to add the fab capacity required to support long-term growth and innovations in key end markets including high-performance computing and automotive. Additionally, the results reflect investments and determination across regions to avoid future semiconductor supply chain constraints like those that surfaced during the pandemic.

By Type
• Agglomerated
• Agglomerated and Sintered

By Application
• Semiconductor Etch Equipment
• Deposition (CVD, PVD, ALD)
• Ion Implant Equipment

Key Companies
FUJIMI INCORPORATED, Entegris, Hansol IONES, SEWON HARDFACING CO.,LTD, Saint-Gobain, Oerlikon Balzers, APS Materials, Inc., NGK (NTK CERATE), FEMVIX CORP., CINOS, Yeedex, YMC Co., Ltd., Treibacher Industrie AG, Nano Research Elements, Coorstek, Shin-Etsu Rare Earths

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This release was published on openPR.