Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Semiconductor Materials Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.5% during the review period (2022 to 2027).
The semiconductor materials are those of which the conductivity can be measured according to the requirements. Semiconductors are gaining momentum in the electronics industry as they are efficiently replacing bulky thermionic devices such as vacuum tubes. The growing inclination towards the miniaturization of electronics is presenting lucrative opportunities for the inclusive growth of the Semiconductor materials industry. The increasing consumer base for electronics is also impacting the market growth in developing countries.
The growing developments in the semiconductor industry and the rising requirements for advanced semiconductor products are some of the main factors driving the investments in the market. Although the semiconductor industry is witnessing a fluctuating growth in revenues, the growing need for an advanced product is still motivating the market vendors and end-user organizations to invest in the development of semiconductor materials.
The lacking of a skilled labour and the need for increasing manufacturing costs are two of the most important market limitations for semiconductor materials. Despite many innovations in internet connectivity as well as other potential opportunities, semiconductor material manufacturing capacity is not keeping up with demand. Customer demands for consumer electronics are shifting, hurting the semiconductor materials industry's overall growth.
Industry Developments:
2021 - BASF and Entegris signed an agreement on the sale of the Precision Microchemicals business to Entegris for USD 90 million. The transaction includes technologies, intellectual property, and trademarks and is expected to be completed by the end of 2021. The Precision Microchemicals business is part of the Surface Treatment business unit of BASF’s Coatings division, operating under the Chemetall brand.
2020 - Hitachi Chemical Co Ltd has invested over USD 3 billion for the expansion of the manufacturing facility. The investment is primarily to manufacture the polishing material “nano-ceria slurry” which polishes the semiconductor materials.
The Semiconductor Materials Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes BASF SE, Cabot Microelectronics, DowDuPont, Hemlock Semiconductor, Henkel AG, Air Liquide SA, Avantor Performance Materials, Hitachi High-Technologies, Honeywell Electronic Materials, JSR Corporation, Tokyo Ohka Kogyo America, Mitsui High-Tec and others.
Semiconductor Materials Market is segmented based on the type, applications, companies and regions.
Breakup by Material Type:
By Application it is segmented into
North America is anticipated to have the dominant share in the global market during the Forecast Period 2022-2027. Because of the country's economic situation and the existence of established market participants in the region, the country has been able to preserve its first-class design while growing its production rate. Because it is generally used in LED lighting and wireless technologies, the GaN semiconductor is being produced in greater quantities in the region. The demand for GaN semiconductors is increasing in tandem with the rapid growth of LED lighting in the region. Additionally, the existence of famous semiconductor production facilities throughout the region, as well as the expanding adoption of portable devices, is driving the semiconductor materials industry's overall expansion in North America.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.5% during the review period (2022 to 2027). |
By material Type |
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By Application |
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By Companies | BASF SE, Cabot Microelectronics, DowDuPont, Hemlock Semiconductor, Henkel AG, Air Liquide SA, Avantor Performance Materials, Hitachi High-Technologies, Honeywell Electronic Materials, JSR Corporation, Tokyo Ohka Kogyo America, Mitsui High-Tec |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 118 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Semiconductor Materials Market is studied from 2017 - 2027.
What is the growth rate of Semiconductor Materials Market?
The Semiconductor Materials Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the leading key players in Semiconductor Materials Market?
BASF SE, Cabot Microelectronics, DowDuPont, Hemlock Semiconductor, Henkel AG, Air Liquide SA, Avantor Performance Materials, Hitachi High-Technologies, Honeywell Electronic Materials, JSR Corporation, Tokyo Ohka Kogyo America, Mitsui High-Tec
What regions regions does this Semiconductor Materials Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant material types of Semiconductor Materials Market?
Wafer Fab Material, Packing Material
What are the significant Applications of Semiconductor Materials Market?
Consumer Electronics, Healthcare, Communication, Automotive, Aerospace
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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