Market Research Future (MRFR) has published a cooked research report on the “Global Semiconductor Fabrication Materials Market” that contains information from 2018 to 2032. The Semiconductor Fabrication Materials market is estimated to register a CAGR of 6.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Semiconductor Fabrication Materials market— BASF SE, Kanto Chemical Co., Inc., Praxair, Inc., Dow Chemical Company, Air Products and Chemicals Inc., Air Liquide SA, Taiyo Nippon Sanso, Alent Plc, JSR Corporation, and Linde AG.
Market Highlights
The global Semiconductor Fabrication Materials market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 93.2 Billion by 2032.
The manufacture and supply of materials used in the creation of semiconductor devices are included in the semiconductor fabrication materials market. Materials including silicon wafers, photoresists, etchants, and chemicals are included in this. With technological improvements and rising global demand for electronic devices, the market is being driven by the rising need for semiconductors across a number of industries, including electronics, automotive, and telecommunications.
Segment Analysis
The global semiconductor fabrication materials market has been segmented based material, application, and end user.
On the basis of material, silicon wafers, photomasks, photoresists, wet chemicals, CMP slurry and pads, gases, sputter targets, and photoresist ancillaries. Silicon wafers segment dominated the global market in 2022. This is due to the wide variety of applications silicon wafers have across end user industries.
Based on application, the global Semiconductor Fabrication Materials market has been segmented into consumer appliances, power generation, electronic components, and others. Consumer appliances segment dominated the global market in 2022. This is due to the increased global demand for consumer appliances.
Based on end user, the global Semiconductor Fabrication Materials market has been segmented into telecommunication, energy, electrical and electronics, medical and healthcare, automotive, and others. Telecommunication segment dominated the global Semiconductor Fabrication Materials market in 2022. This is the situation due to the major use in mobile phones and the high demand for semiconductors in wireless communication.
Regional Analysis
The global Semiconductor Fabrication Materials 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 Semiconductor Fabrication Materials market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Semiconductor Fabrication Materials 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 Semiconductor Fabrication Materials market comprises of Middle East, Africa, and Latin America.
The North America Semiconductor Fabrication Materials Market dominated this market in 2022 (45.80%). Better economic relations with other countries and government initiatives to finance the construction of new semiconductor manufacturing facilities are to blame for this. Euractiv Germany Reports, for instance, stated that the German government planned to invest USD 3.39 billion in the semiconductor manufacturing facility.
Moreover, in 2022, the Europe Semiconductor Fabrication Materials market held a sizable market share. Better economic relations with other countries and government initiatives to finance the construction of new semiconductor manufacturing facilities are to blame for this. Euractiv Germany Reports, for instance, stated that the German government planned to invest USD 3.39 billion in the semiconductor manufacturing facility.
Additionally, from 2023 to 2032, the Asia Pacific Semiconductor Fabrication Materials market is anticipated to grow significantly. This is due to both the increased demand for wireless technologies and for consumer electronics in these developing countries. In Taiwan, China, and India, demand for consumer electronics is very high. The largest producer of semiconductors worldwide is Taiwan. There are a lot of important market players in Taiwan. This is driving the Asia Pacific semiconductor materials industry to grow.
Furthermore, the rest of the world's Semiconductor Fabrication Materials market is divided into the Middle East, Africa, and Latin America. Due to the region's rising need for electronic devices, the market for semiconductor fabrication materials in Latin America is expanding. Electronics, automotive, and telecommunications industries, for example, are the market's main drivers. The Latin American semiconductor manufacturing market is expanding as a result of technological development and growing investment.
Key Findings of the Study