Global Semiconductor Materials Market Overview, 2024-29
The Global Semiconductor Materials Market is segmented into By Application (Fabrication and Packaging) and By End User (Consumer Electronics, Telecommunication, Manufacturing, Automotive, Energy and Utility, Others).
- Bonafide Research
- 28-06-2024
- Pages : 90
- Figures : 18
- Tables : 18
- Region : Global
- Category : Semiconductor & Electronics
- Semiconductor
The Global Semiconductor Materials Market is anticipated to cross USD 105 Billion by 2029, increasing from USD 79.58 Billion in 2023 with 4.90% CAGR by 2024-29.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2018) USD 67.74 Billion
- Market Size (2023) USD 79.58 Billion
- Market Size (2029) USD 105 Billion
- CAGR (2024-2029) 4.9%
- Largest MarketAsia-Pacific
- Fastest Market North America
- Format
Featured Companies
- 1. Henkel AG & Company, KGaA
- 2. LG Chem Limited
- 3. DuPont de Nemours, Inc
- 4. Basf SE
- 5. Air Liquide
- 6. Kyocera Corporation
- 7. Sibur holding pjsc
- 8. Texas Instruments Incorporated
- 9. Hemlock Semiconductor
- More...
Semiconductor Materials Market Analysis
The global semiconductor materials market is instrumental in the manufacture of leading-edge semiconductor devices used in modern electronics. From silicon wafers and photoresists to specialty gases and research related to packaging materials, the technology at the very base of innovation in so many industries is fueled by this market. Its impact is no less than that on semiconductor fabs, research houses, and technology hubs sprawling around the globe. On the global scene, standardization and regional differences in this market blend into each other in a rather knotty way. All the key materials, such as silicon wafers and etching chemicals, follow very tight international standards put forward by bodies like the International Electrotechnical Commission and SEMI, which provide the same level of quality and reliability from different manufacturers. Such standardization facilitates interoperability and the semiconductor companies' ability to easily integrate materials into their production processes. However, regional variations make a significant dent in the market dynamics. Advanced economies in North America, Europe, and East Asia have firmly established the semiconductor industries that possess a strong manufacturing infrastructure complemented by top-notch research facilities. These countries give preference to high-performance materials, new fabrication techniques, and sustainable methods to keep up with technological leadership. In contrast, developing economies, mostly located in Southeast Asia, South America, and parts of Africa, lack sufficient infrastructure and resources. Low-cost materials that can help meet basic manufacturing needs while assisting in the process of local technological development are likely to become a priority. Indeed, such efforts on the part of international organizations or collaborative joint initiatives can go a long way in providing training, technology transfer, and infrastructure support for rapid semiconductor fabrication capability building in such regions. This is coupled with other industrial trends, such as AI, IoT, and 5G communications, which are rapidly developing in the global semiconductor materials market. More innovation in materials will be needed to allow for smaller, faster, and more power-efficient semiconductor devices that will drive these transformative technologies. According to the research report "Global Semiconductor Materials Market Overview, 2029" published by Bonafide Research , the market is anticipated to cross USD 105 Billion by 2029, increasing from USD 79 Billion in 2023. The market is expected to grow with 4% CAGR by 2024-29. The rapid pace of innovation in semiconductor technologies is a major driver of market growth. Advances in AI, machine learning, and IoT (Internet of Things) are increasing the demand for more sophisticated and efficient semiconductor materials. These technologies require high-performance materials to support new functionalities and improved processing capabilities, driving continuous investment in research and developmenThe trend towards Industry 4.0 and smart manufacturing is leading to increased adoption of semiconductor materials in industrial applications. Smart factories and automated production lines rely heavily on sensors, microcontrollers, and other semiconductor devices to enhance efficiency and productivity, driving market growth.t.Significant investments in semiconductor manufacturing infrastructure, particularly in emerging markets, are bolstering market growth. Governments and private entities are investing in building state-of-the-art fabrication facilities to meet the rising global demand, enhancing production capacity and technological capabilities. Geopolitical tensions and trade policies are impacting the global semiconductor supply chain. Companies are investing in diversifying their supply chains and increasing local production capabilities to mitigate risks associated with geopolitical uncertainties. This shift is influencing market dynamics and investment patterns.
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Download SampleMarket Dynamic
Market Drivers • Rising adoption of artificial intelligence (AI) and machine learning (ML): The global integration of AI and ML across various industries, including automotive, healthcare, and telecommunications, is driving the demand for advanced semiconductor components. These components are required for efficient data processing, storage, and analysis, thereby fueling the growth of the semiconductor materials market. • Expansion of 5G networks and infrastructure: The worldwide rollout of 5G technology is leading to an increased demand for high-speed, energy-efficient semiconductor components for use in 5G-enabled devices, base stations, and data centers. This development is driving the growth of the semiconductor materials market on a global scale. Market Challenges • Intellectual property and technology patent disputes: The semiconductor materials market faces numerous intellectual property and patent-related challenges, as companies compete to develop and protect their proprietary technologies. These disputes can hinder innovation and create barriers to market entry. • Rapid technological obsolescence: The fast pace of technological advancements in the semiconductor industry can lead to the rapid obsolescence of materials and manufacturing processes. This situation necessitates continuous research and development investments to stay competitive, which can be financially challenging for companies in the market. Market Trends • Miniaturization and increased chip density: The global trend towards smaller, more powerful electronic devices has led to a focus on miniaturization and increased chip density in the semiconductor materials market. This requires the development of advanced materials and fabrication techniques to create smaller, more efficient components. • Growing emphasis on semiconductor materials recycling and reuse:As the global demand for semiconductor components increases, there is a growing emphasis on recycling and reusing semiconductor materials to reduce waste, conserve resources, and minimize environmental impact. This trend is driving the development of new recycling technologies and more sustainable manufacturing processes.
Semiconductor Materials Segmentation
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa |
Packaging in the semiconductor material markets is growing on the rise, globally, because of surging electronic devices complexity and miniaturization, thereby boosting the demand for advanced packaging solutions that are capable of offering superior performance functionality and efficiency. The global semiconductor packaging market appears to grow highly since devices are getting smaller and more intricate. As devices become more diminutive yet powerful, the pressing need comes for advanced packaging solutions to integrate multiple functions in very compact form factors. Technologies at the forefront of this trend include 3D packaging, system-in-package, and wafer-level packaging; they ensure higher performance with better thermal management and higher power efficiency. It is, therefore, bound to facilitate advanced packaging techniques that meet modern application requirements in high-performance computing, AI, 5G networks, and IoT. Innovations come out at a time when the dent for evolution has been keeping the traditional methods of packaging at stretched limits by adding more and more chips and components into a single package. For instance, 3D stacking allows many layers of chips to be stacked on top of each other, hugely reducing footprint size and increasing processing power and speed. The wave of digital transformation across industries like automotive, healthcare, and consumer electronics paves the way toward even more complex semiconductor packaging. Autonomous vehicles, wearable health devices, and smart home technologies are executed via advanced semiconductor packages. This broad spectrum of applications guarantees continuous demand and innovation in packaging solutions. The semiconductor supply chain of the world reaches more integration and efficiency, promoting development and distribution of advanced packing technology. At the moment, cooperation among chipmakers, research houses, and technology companies has resulted in very rapid evolution of the packing methodologies. The global semiconductor materials market is foreseen to grow at a robust pace because of the global telecommunication sector by the general deployment of 5G, and growing demand for high data transmission speed and advanced connectivity. The progression from 4G to 5G is a big jump in technology such characteristics of 5G as higher bandwidth, higher data rates, and lower latency call for better semiconductor materials. Gallium nitride, silicon carbide, and advanced silicon semiconductor materials will serve as the foundation for 5G infrastructure in base stations, antennas, and network equipment. 5G is a technology that opens up hundreds of applications apart from only fast speed mobile internet. It supports IoT, autonomous vehicles, smart cities, and industrial automation. All these applications are strongly dependent on advanced semiconductor materials to allow efficient and reliable functioning. The 5G devices will increase the demand for such materials because they have highly demanding applications. 5G network deployment by telecommunication companies and governments involves massive capital investment. Deploying such huge infrastructure necessitates the production and integration of semiconductor components in huge numbers, thereby driving growth in the market. The drive towards 6G and beyond—for ever-increasing data rates, demanding ever-higher complexity guarantees a continuous demand for still better semiconductor materials.
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Semiconductor Materials Market Regional Insights
The North America in the semiconductor materials marketplace is growing due to it’s strong technology ecosystem characterized by well-established semiconductor manufacturers, leading-edge research institutions, and a large volume of governmental support for innovation and industry development. The prevailing ecosystem of technology, coupled with leading semiconductor companies, greater societies of research, and universities, provides for collaboration and knowledge-sharing to enable advancements in semiconductor materials and technology. Top North American semiconductor companies like Intel, Texas Instruments, and Qualcomm position their huge R&D uppermost to enable themselves in sustaining their leading positions of industries and emerging demands by various industries. Such investments make new semiconductor materials, designs, and fabrication processes, thereby accelerating growth within the regional semiconductor materials market. It is a region that encompasses many of the most elite research institutions and universities engaged in semiconductor materials research, innovation, and embarkation, including MIT, Stanford, and UC Berkeley. This rich academic environment helps foster a skilled workforce and develop intellectual property that fuels the growth of the semiconductor materials market. Government support from the U.S. is essential to the semiconductor industry through R&D fundings, public-private partnerships, and other policies that would help promote domestic manufacturing and innovation. For instance, the enacted CHIPS for America Act in 2021 appropriates federal funding for research, development, and manufacturing of semiconductors, thus fueling the growth of the North American semiconductor materials market. The rising demand for advanced electronics in sectors such as automotive, telecommunications, defense, and consumer electronics is driving demand for new semiconductor materials and solutions. The presence of technology infrastructure and ecosystem already well established in North America empowers the region in leveraging on these opportunities, thus boosting the semiconductor materials market.
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Key Development
• In June 2024, G-7 leaders announced plans for a semiconductor supply chain coordination group. The group will help G-7 leaders focus on subsea cable connectivity for Internet security and resilience, amid global chip shortage challenges. • 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 a positive sign for the semiconductor materials market, as TSMC is one of the world's largest semiconductor manufacturers. • In May 2022, L.G. Chem began developing photoresist (P.R.) utilized in the semiconductor back-end processes with the intention of providing it to worldwide semiconductor businesses. After engraving ultra-fine circuit designs on the front-end procedure of semiconductors, the company is creating P.R. for the back-end technique to improve chip performance. • In July 2021, Showa Denko Materials Co. announced that it would increase production capacity for semiconductor materials to meet the demand of its product at its subsidiary in Taiwan.
Companies Mentioned
- Henkel AG & Company, KGaA
- LG Chem Limited
- DuPont de Nemours, Inc
- Basf SE
- Air Liquide
- Kyocera Corporation
- Sibur holding pjsc
- Texas Instruments Incorporated
- Hemlock Semiconductor
- Mitsui High-tec, Inc
Table of Contents
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.3.1. XXXX
- 2.3.2. XXXX
- 2.3.3. XXXX
- 2.3.4. XXXX
- 2.3.5. XXXX
- 2.4. Covid-19 Effect
- 2.5. Supply chain Analysis
- 2.6. Policy & Regulatory Framework
- 2.7. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Semiconductor Materials Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Geography
- 6.4. Market Size and Forecast, By Application
- 6.5. Market Size and Forecast, By End-User
- 7. North America Semiconductor Materials Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Application
- 7.4. Market Size and Forecast, By End-User
- 8. Europe Semiconductor Materials Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By Application
- 8.4. Market Size and Forecast, By End-User
- 9. Asia-Pacific Semiconductor Materials Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Share By Country
- 9.3. Market Size and Forecast, By Application
- 9.4. Market Size and Forecast, By End-User
- 10. South America Semiconductor Materials Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Share By Country
- 10.3. Market Size and Forecast, By Application
- 10.4. Market Size and Forecast, By End-User
- 11. Middle East & Africa Semiconductor Materials Market Outlook
- 11.1. Market Size By Value
- 11.2. Market Share By Country
- 11.3. Market Size and Forecast, By Application
- 11.4. Market Size and Forecast, By End-User
- 12. Competitive Landscape
- 12.1. Competitive Dashboard
- 12.2. Business Strategies Adopted by Key Players
- 12.3. Key Players Market Share Insights and Analysis, 2022
- 12.4. Key Players Market Positioning Matrix
- 12.5. Porter's Five Forces
- 12.6. Company Profile
- 12.6.1. BASF SE
- 12.6.1.1. Company Snapshot
- 12.6.1.2. Company Overview
- 12.6.1.3. Financial Highlights
- 12.6.1.4. Geographic Insights
- 12.6.1.5. Business Segment & Performance
- 12.6.1.6. Product Portfolio
- 12.6.1.7. Key Executives
- 12.6.1.8. Strategic Moves & Developments
- 12.6.2. Henkel AG & Co. KGaA
- 12.6.3. Air Liquide S.A.
- 12.6.4. JSR Corporation
- 12.6.5. Hemlock Semiconductor
- 12.6.6. Mitsui High-tec, Inc
- 12.6.7. DuPont de Nemours, Inc
- 12.6.8. LG Chem Ltd
- 12.6.9. Kyocera Corporation
- 12.6.10. Texas Instruments Incorporated
- 13. Strategic Recommendations
- 14. Annexure
- 14.1. FAQ`s
- 14.2. Notes
- 14.3. Related Reports
- 15. Disclaimer
Table 2: Influencing Factors for Semiconductor Materials Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Semiconductor Materials Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 8: Global Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 9: North America Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 10: North America Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 11: Europe Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 12: Europe Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 13: Asia-Pacific Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 14: Asia-Pacific Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 15: South America Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 16: South America Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Table 17: Middle East & Africa Semiconductor Materials Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 18: Middle East & Africa Semiconductor Materials Market Size and Forecast, By End-User (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Semiconductor Materials Market Share By Region (2023)
Figure 6: North America Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Semiconductor Materials Market Share By Country (2023)
Figure 8: Europe Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Semiconductor Materials Market Share By Country (2023)
Figure 10: Asia-Pacific Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Semiconductor Materials Market Share By Country (2023)
Figure 12: South America Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America Semiconductor Materials Market Share By Country (2023)
Figure 14: Middle East & Africa Semiconductor Materials Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: Middle East & Africa Semiconductor Materials Market Share By Country (2023)
Figure 16: Competitive Dashboard of top 5 players, 2023
Figure 17: Market Share insights of key players, 2023
Figure 18: Porter's Five Forces of Global Semiconductor Materials Market
Semiconductor Materials Market Research FAQs
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