PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464644
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1464644
Semiconductor Raw Materials Market size was valued at USD 65,320.43 Million in 2023, expanding at a CAGR of 5.12% from 2024 to 2032.
Semiconductor fabrication involves the manufacturing process of semiconductor products, which encompasses the utilization of materials to pattern semiconductor wafers. These materials include silicon wafers, wet chemicals, industrial gases, chemical mechanical polishing (CMP) slurry and pads, photomasks, sputter targets, photoresists for semiconductors, photoresists for EUV, electrostatic chucks, IC lead frame, among others.
Semiconductor Raw Materials Market- Market Dynamics
Growing utilization of semiconductors across various industries such as telecommunications and consumer electronics to propel market demand
The growing utilization of semiconductors across various industries such as telecommunications and consumer electronics is anticipated to drive the demand for semiconductor fabrication materials in the foreseeable future. The evolution of telecommunication, for instance, has been significantly influenced by semiconductor devices. The advent of transistor technology facilitated the advancement of telecommunications from narrow broadband to isolated packet-switched networks. Additionally, the emergence of 5G networks, made possible by semiconductor technology, enables the rapid transfer of large volumes of data, surpassing the speeds of 4G LTE by 100-200 times. Moreover, various components of Internet of Things (IoT) infrastructure, including processors, modems, and logic chips, have enhanced memory output and performance, further fueling the demand for semiconductor devices in telecommunications. Power semiconductors, which include power sensors, SiC devices, power control integrated circuits, and rectifier diodes, play a crucial role in consumer appliances. These devices, produced using semiconductor fabrication materials such as chips, logic, wafers, and memory components, are integral to the operation of consumer electronics.
Semiconductor Raw Materials Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.12% over the forecast period (2024-2032)
Based on Semiconductor Type segmentation, N-type was predicted to show maximum market share in the year 2023
Based on End User segmentation, Electrical and Electronics was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Semiconductor Raw Materials Market is segmented on the basis of Material type, Semiconductor Type, Application, End User, and Region.
The market is divided into two categories based on Semiconductor Type: N-Type and P-Type. The N-type segment dominated the semiconductor fabrication material market in 2023, holding the largest share. N-type semiconductors play a pivotal role in the formation of p-n junctions, where a p-type semiconductor and an n-type semiconductor are brought together to create a depletion region.
The market is divided into seven categories based on End User: Telecommunication, Energy, Electrical and Electronics, Medical and Healthcare, Automotive, Defence & Aerospace, and Others. In terms of revenue, the electrical and electronics sector emerged as the primary contributor to the semiconductor fabrication material market in 2023. These materials are indispensable in the production of various electronic devices, ranging from diodes and transistors to chips controlling temperatures, timers, automated features, and integrated circuits.
Semiconductor Raw Materials Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
To address the intricacies of the Semiconductor Raw Materials market, companies employ diverse strategies aimed at maintaining competitiveness and adapting to evolving demands. These strategies typically involve innovation, diversification, and strategic partnerships. Innovation is paramount as companies endeavor to develop advanced materials and processes that enhance semiconductor performance while simultaneously reducing costs. Diversifying across product lines and customer segments helps mitigate risks associated with market fluctuations and dependency on specific industries. Collaborations and strategic partnerships enable companies to leverage complementary strengths, access new markets, and share research and development expenses. Moreover, there's a growing emphasis on sustainability and efficiency in material sourcing, production, and waste management, aligning with broader industry trends and regulatory requirements.
In April 2021, CMC Materials acquired International Test Solutions, enhancing their ability to address customers' most demanding challenges and optimize yield and throughput in the semiconductor manufacturing process.
GLOBAL SEMICONDUCTOR RAW MATERIALS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
DuPont de Nemours, Inc.,
Shin-Etsu Chemical Co. Ltd.
Sumco Corporation
Air Liquide S.A
JSR Corporation
Versum Materials Inc.
Globalwafers
Sumitomo Chemical,
Photronics, Inc.
Honeywell International Inc.
Others