Microelectronics Material Market is predicted to reach at a CAGR of 6.2% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Microelectronics Material Market”.

The microelectronics material market is estimated to register a CAGR of 6.2% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global microelectronics material market - Entegris, W. L. Gore, PiBond, Dow Corning, BASF, Honeywell Electronic Materials, Shin-Etsu MicroSi, Inc, KYOCERA, DuPont, LORD Corp.

Market Highlights

The global microelectronics material market is accounted to register a CAGR of 6.2% during the forecast period and is estimated to reach USD 93.44 Billion by 2032.

In the upcoming years, the global market for microelectronic materials is anticipated to keep growing at its current rate. The need for better semiconductor microelectronics materials will be driven by the growing uptake of future technologies like 5G, AI, and more. Additionally, the market will rise as a result of the increasing demand for electric cars, smart infrastructure, and high-performance computing. The market is expanding rapidly as a result of technical developments, rising smart device demand, and the uptake of cutting-edge innovations like artificial intelligence and 5G.

Segment Analysis

The global microelectronics material market has been segmented into application and type.

On the basis of application, the market is segmented into Packaging and Fabrication. The packaging segment was attributed to holding the largest market share in 2022. Substrates, which serve as a basis for semiconductor devices, are frequently made of materials like silicon, glass, or ceramic under the packaging sector of the microelectronics material market. Advanced polymers or epoxy resins are popular options for encapsulation materials, which protect components from external influences. The continuous development of more compact, potent, and energy-efficient electronic gadgets is facilitated by advancements in these materials.

On the basis of type, the market is segmented into Elementary Material, Compound Material, and Other. The elementary material segment was attributed to holding the largest market share in 2022. In microelectronics, semiconductors like silicon, insulators, and conductors are typically considered elementary materials. The market for these materials is expanding rapidly due to advancements in technology and the need for devices that are more powerful and energy-efficient.

Regional Analysis

The global microelectronics material market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe microelectronics material market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The microelectronics material market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World microelectronics material market comprises of Middle East, Africa, and Latin America.

The largest market share for microelectronics material was maintained by the North American regional sector. The growing use of IoT across a range of sectors and applications, which is propelling the expansion of the worldwide microelectronic materials market. Microelectronics material's high performance and adaptability are anticipated to contribute to the industry's success in electronics components in the area.

Moreover, the Europe market has been persistently growing over the forecast period mainly as a result of the existence of significant centers for semiconductor manufacture across nations. Due to their rise to prominence in the global semiconductor sector, these nations have drawn large investments from multinational firms.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. Due to the necessity of meeting the exacting standards for performance, quality, and delivery, the region's need for microelectronic materials has increased. Electronics and microelectronics can be packaged due to equipment installed by local manufacturers.

Furthermore, the rest of the world's microelectronics material market is divided into the Middle East, Africa, and Latin America. The expanding electronics sector and rising demand for electronic gadgets in rest of world have an impact on the microelectronic materials market. Additionally, the market for microelectronic materials is driven by the growing use of consumer electronics. Tablets, cellphones, and other electronic devices fall under this category. The region's market is evolving as a result of ongoing technological developments and the use of novel materials for microelectronics.

Key Findings of the Study

• The global microelectronics material market is expected to reach USD USD 93.44 Billion by 2032, at a CAGR of 6.2% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The region's need for microelectronic materials has grown as a result of the requirement to achieve the strict criteria for performance, quality, and delivery.


• Based on type, the elementary material segment was attributed to holding the largest market in 2022, with an approximate market share of 45%.


• Entegris, W. L. Gore, PiBond, Dow Corning, BASF, Honeywell Electronic Materials, Shin-Etsu MicroSi, Inc, KYOCERA, DuPont, LORD Corp