Semiconductor Materials Market Research Report - Forecast till 2030

Semiconductor Materials Market Research Report Information By Product (Fab Materials, Packaging Materials), By Application (Computers, Communications), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/CnM/7133-HCR | 185 Pages | Author: Anshula Mandaokar | February 2024         

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Global Semiconductor Materials Market Overview


The  Semiconductor Materials Market Size was valued at USD 59.02 Billion in 2022. The Semiconductor Materials industry is projected to grow from USD 60.34 Billion in 2023 to USD 87.4 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.6% during the forecast period (2023 - 2030). The semiconductor materials are those of which the conductivity can be controlled according to the requirements. Semiconductors are gaining momentum in the electronics industry as they are effectively replacing bulky thermionic devices such as vacuum tubes. The increasing inclination towards the miniaturization of electronics is presenting lucrative opportunities for the overall growth of the Semiconductor materials industry. The increasing consumer base for electronics is also impacting the Semiconductor materials market growth in developing countries. Therefore the Semiconductor materials market value is expected to grow with a healthy CAGR of 60.347% during the forecast period.


      Semiconductor Materials Market Overview      


 Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Semiconductor Materials Market Trends



  • High demand for small-sized gadgets with complex functionalities is boosted the market growth.


Semiconductor materials are intensively utilized in space-related applications and the energy-generating department of satellites. The solar cells integrated into the satellites utilize the semiconductors materials due to the properties such as higher resistance to radiation and warmth. The utilization of semiconductors is increasing in data storage devices as well. As industries are increasingly generating information from various sources, the demand for data storage devices is rapidly increasing. Such factors are impacting the Semiconductor materials market growth in recent years. 


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Additionally, The communication segment is witnessing a higher growth rate in the semiconductor materials industry, owing to the increasing demand and the advent of advanced communication technologies and facilities. Mobiles and wireless communications are utilizing silicon semiconductors which exhibit favorable characteristics such as higher speed and efficiency. The growing population and urbanization continue to increase the demand for effective communication and such factors are expected to boost the semiconductor materials market growth during the forecast period. The beneficiary features of the semiconductor materials such as higher temperature limits and flexible electron mobility are propelling the manufacturers of electronic devices to utilize the semiconductors for energy customization. Moreover, light-emitting diodes and lasers are intensively utilizing semiconductor materials for several light-emitting applications in industrial verticals. The growth in these applications is presenting lucrative opportunities for the Semiconductor materials market growth.


Semiconductor Materials Market Segment Insights


Semiconductor Materials Product Insights


The  Semiconductor Materials Market segmentation, based on Product, includes Fab Materials and Packaging Materials. Packaging Material has the highest CAGR value in the  Semiconductor Materials Market. These materials are mainly used in the aerospace industry for a variety of applications including space and aircraft power supplies, solid-state relays and contractors, and VLF transmitters. 


Semiconductor Materials Application Insights


Based on Application, the  Semiconductor Materials Market segmentation includes Computers, Communications, Consumer Goods, Defense & Aerospace, and Others. Communications has the largest growing segment of the  Semiconductor Materials Market. Factors that contribute to the high demand for semiconductors for mobile phones and wireless communication. GaAs substrates are used in smartphone power amplifiers. Their use in wireless technology is growing due to their superior speed and efficiency over silicon semiconductors, which is boosting demand for the communication segment.


Figure 2:  Semiconductor Materials Market, by Product, 2023 & 2030 (USD Billion)


  Semiconductor Materials Market, by Product        


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Semiconductor Materials Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is holding the highest Semiconductor materials market share owing to their efficient management and supply chain operations despite the rising consumption in the Asia-pacific region. The economic condition and the presence of established market players in the region have enabled the country to maintain the first-class design and offer an increased production rate. The GaN semiconductor is increasingly produced in the region as it is intensively utilized in LED lighting and wireless technologies. The demand for GaN semiconductors is increasing as the demand for LED lighting is rapidly increasing across the region. Moreover, the presence of renowned semiconductor manufacturing facilities across the region and the growing adaptation of portable devices are propelling the overall growth of the semiconductor materials industry across North America.


Figure 3:  SEMICONDUCTOR MATERIALS MARKET SHARE BY REGION 2023 (%)
SEMICONDUCTOR MATERIALS MARKET SHARE BY REGION
 


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


the Asia-pacific region is exhibiting a market share of 40% in recent times and is expected to witness healthy growth in the forecast period. The production rate of electric vehicles, automobiles, and the growing aerospace industry across the region are presenting a lucrative opportunity for Semiconductor materials market growth across the Asia-pacific region.


Semiconductor Materials Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Semiconductor Materials market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Semiconductor Materials industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Semiconductor Materials. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Semiconductor Materials industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Semiconductor Materials industry to benefit customers and expand the market sector. The Semiconductor Materials market has recently given medicine some of the most important advantages. Major Semiconductor Materials market players, including BASF SE, Cabot Microelectronics, DowDuPont, Hemlock Semiconductor, and others, are attempting to increase market demand by funding R&D initiatives.


ASF is a company that provides petrochemicals, intermediates, performance materials, monomers, dispersions and pigments, performance chemicals, catalysts, coatings, and care chemicals. It conducts its operations through six business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions.


Also, DowDuPont is a chemical holding company that specializes in agriculture, materials science, and specialty products. Its solutions include seed-applied technologies, crop protection, performance materials and coatings, industrial intermediates, specialty plastics, imaging, biotechnology, nutrition ingredients, construction materials, sustainable solutions, advanced polymers, etc.


Key Companies in the Semiconductor Materials market include



  • 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


Semiconductor Materials Industry Developments


In April 2023, Intel announced that it would be investing $100 billion in new semiconductor manufacturing capacity in the United States. This investment is a major boost to the semiconductor materials market, as it will require a significant amount of new materials to be produced.


In May 2023, TSMC announced that it would be increasing its capital expenditure by 30% in 2023. This increase is also a positive sign for the semiconductor materials market, as TSMC is one of the world's largest semiconductor manufacturers.


Semiconductor Materials Market Segmentation


Semiconductor Materials Product Outlook



  • Fab Materials

  • Packaging Materials


Semiconductor Materials Application Outlook



  • Computers

  • Communications

  • Consumer Goods

  • Defense & Aerospace

  • Other


Semiconductor Materials Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD  59.02 Billion
Market Size 2023 USD 60.34 Billion
Market Size 2030 USD 87.4 Billion
Compound Annual Growth Rate (CAGR) 4.6% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled BASF SE (Germany) – PLANAPUR series, SELECTIPUR series, LG Chem Ltd (South Korea), DowDuPont (US) – EKC, Visionpad, IC1000, Indium Corporation (US) – EZ-Pour, Shin-Etsu MicroSi, Inc. (Japan) – TIM series, Novolak, Hitachi Chemical Co Ltd. (Japan) – GPX, AH series, HIATTACH, N-CS series, Caplinq Corporation (Canada), UTAC Holdings Ltd. (Singapore) – GQFN, Sumitomo Chemical Co., Ltd. (Japan) – SUMIRESIST, SUMIKARAN, Nichia Corporation (Japan), Intel Corporation (US), Kyocera Corporation (Japan) – AO700, CT series, Henkel AG & Company, KGaA (Germany) – LOCTITE
Key Market Opportunities ·         High manufacturing cost and energy consumption
Key Market Dynamics ·         High demand for small-sized gadgets with complex functionalities. ·         Increasing demand for semiconductors in end-use industries is likely to fuel the demand for semiconductor materials.




Frequently Asked Questions (FAQ) :

The  Semiconductor Materials Market size was valued at USD  59.02 Billion in 2022.

The global market is projected to grow at a CAGR of 4.6% during the forecast period, 2023-2030.

The key players in the market are BASF SE (Germany) – PLANAPUR series, SELECTIPUR series, LG Chem Ltd (South Korea), DowDuPont (US) – EKC, Visionpad, IC1000, Indium Corporation (US) – EZ-Pour, Shin-Etsu MicroSi, Inc. (Japan) – TIM series, Novolak, Hitachi Chemical Co Ltd. (Japan) – GPX, AH series, HIATTACH, N-CS series, Caplinq Corporation (Canada), UTAC Holdings Ltd. (Singapore) – GQFN, Sumitomo Chemical Co., Ltd. (Japan) – SUMIRESIST, SUMIKARAN, Nichia Corporation (Japan), Intel Corporation (US), Kyocera Corporation (Japan) – AO700, CT series, Henkel AG & Company, KGaA (Germany) – LOCTITE

The Packaging Material categories dominated the market in 2023.

Communication had the largest share in the global market for Semiconductor Materials.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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