PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477029
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477029
Market Overview
The semiconductor chemicals market size has been estimated at USD 12.5 billion in 2023, and it is expected to advance at a compound annual growth rate of 12.5% during 2024-2030, to reach USD 28.3 billion by 2030. This growth of the market can be credited to the increasing use of electronic devices, such as laptops, IoT gadgets, and smartphones, which have, in turn, propelled the production of semiconductors.
The amount of electric current conducted by semiconductors and what level of efficiency depends on both the concentration and types of dopants applied to them during manufacturing.
The transistors are to be "printed", "wiped", "chemically processed", and polished for functional integrity, besides other operational requirements. To elevate their effectiveness and efficiency, the use of new materials in the fabrication of wafers has drawn particular attention wherein the issue of sustainability has been given a special focus.
Those things are happening at the same time as the wider replacement of renewable energy, electric cars life IoT, and other sustainable approaches or living in our lives. The drawback of this scenario lies in the level of performance and miniaturization achievable now because the rapidly emerging new devices we use every day also require CPU to process humongous amounts of data in the blink of an eye while the traditional semiconductors rely on silicon to do this. However, GaN, SiC, organic, etc., are implicated in the alternatives to silicon, and they provide higher background exposure, elasticity, and thermal conduction, respectively.
Key Insights
High-performance polymers hold a significant 20% share in the market.
Their popularity stems from their versatility and robust properties, including resistance to wear, heat, and chemicals.
This type of polymer is designed with high durability and accuracy in mind for tough mechanical planting environments.
The requirements of modern technologies such as 5G, autonomous vehicles, and AI place more and more demands on semiconductors that need to hold up even in extreme environments.
Because of the high demand, optoelectronics is witnessing remarkable growth worldwide.
This expansion is fuelled by the rising requirement for optoelectronic components that are used across diverse sectors.
Industries benefiting from optoelectronic components include automotive, consumer electronics, manufacturing, and medical devices.
Optoelectronics find widespread use in diverse applications within these industries.
APAC holds a significant position in the semiconductor chemicals market.
By 2030, the market in APAC is expected to exceed USD 6.0 billion.