PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485751
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485751
Semiconductor Fabrication Materials Market size was valued at USD 48,435.23 Million in 2023, expanding at a CAGR of 6.5% from 2024 to 2032.
The process of creating integrated circuits for use in electrical and electronic devices is known as semiconductor device fabrication. While other compound semiconductors are employed for specific applications, silicon is the most widely used material in semiconductor manufacture. The trend towards digital integrated circuits (ICs) is anticipated to drive substantial expansion in the semiconductor manufacturing material industry shortly. In addition, rising consumer electronics demand for CPM slurry has augmented market expansion.
Semiconductor Fabrication Materials Market- Market Dynamics
Surging Energy Sector Investments To Propel Semiconductor Fabrication Materials Market
Energy sector investments often require significant infrastructure development, which can increase the demand for semiconductors used in various monitoring, control, and automation systems. This, in turn, boosts the demand for semiconductor fabrication materials. In June 2023, through a new partnership, the U.S. National Science Foundation (NSF) and the National Science and Technology Council of Taiwan (NSTC) invested $6 million in six joint projects for fundamental research on advanced semiconductor chip design and fabrication. As the energy sector evolves and grows, it can create ripple effects that influence various aspects of semiconductor fabrication, potentially driving market expansion for related materials and technologies.
Semiconductor Fabrication 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 6.5% over the forecast period (2024-2032)
Based on material segmentation, silicon wafers were predicted to show maximum market share in the year 2023
Based on application segmentation, power generation was the leading type in 2023
Based on end-user segmentation, telecommunication was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Semiconductor Fabrication Materials Market is segmented based on Material, Application, End User, Fabrication Process, and Region.
The market is divided into eight categories based on material: silicon wafers, photomasks, photoresists, wet chemicals, CMP slurry and pads, gases, sputter targets, and photoresist ancillaries. The silicon wafers segment dominated the global market in 2022. This is because silicon wafers have diverse applications in end-use industries including automotive, electrical and semiconductor, etc.
The market is divided into six categories based on end-user: Telecommunication, energy, electrical and electronics, medical and healthcare, automotive, and other industries. In 2022, the semiconductor fabrication materials market was dominated by the telecommunications category. This is the situation because of the widespread use of mobile phones and the high demand for semiconductors in wireless communication. Semiconductor material is being employed in wireless technology more and more often every day because of its superior speed and efficiency.
Semiconductor Fabrication Materials Market- Geographical Insights
Growing government spending in the energy sector is credited with driving market expansion in the Asia Pacific region and providing major players with several profitable chances. The expanding building sector in nations like China and India has increased energy demand, and government regulations supporting renewable energy have fueled the market's expansion. For instance, in February 2024, India announced investments of $16.5 bn in 2024 to jump 83% of the energy sector. Due to the severe climate change and increasing global warming, countries like China and India have stricter new laws and regulations governing the use of renewable energy, which has led to several profitable market expansion prospects. In July 2023, the partnership between India and Japan aims to promote collaboration in semiconductor design, manufacturing, equipment research, and talent development. Manufacturers are concentrating more on these regions due to the favorable business environment in countries like China, Vietnam, Malaysia, India, and so on.
One of the primary business strategies employed by manufacturers in the global Semiconductor Fabrication Materials industry to serve customers and expand the market sector is manufacturing locally to reduce operating costs. The Semiconductor Fabrication Materials sector has provided medicine with some of the biggest benefits in recent years. Investing in research and development applications, major players in the Semiconductor Fabrication Materials market such as Linde AG, Alent Plc, Linde AG, Dow Chemical Company., Kanto Chemical Co., Inc., Air Products and Chemicals Inc., Air Products and Chemicals Inc., and Air Liquide SA are trying to drive up market demand. For instance, in February 2024, HCLTech, expanded its longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs, and cloud services providers to enhance foundry services.
In June 2023, Lam Research launched Coronus DX to facilitate advanced wafer semiconductor manufacturing. Building on Lam's expertise in bevel innovation, Coronus DX helps drive more predictable manufacturing and significantly higher yield.
In June 2023, Micron Technology, Inc., one of the world's largest semiconductor companies, announced plans to build a new assembly and test facility in Gujarat, India. Micron's new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets.
GLOBAL SEMICONDUCTOR FABRICATION MATERIALS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Kanto Chemical Co., Inc.
Praxair, Inc.
Air Products and Chemicals Inc.
Air Liquide SA
Dow Chemical Company
Taiyo Nippon Sanso
Alent Plc
JSR Corporation
Linde AG
DuPont de Nemours, Inc.
Honeywell International, Inc.
AGC Inc.
Ferro Corporation
Others