Semiconductor Materials Market

Global Semiconductor Materials Market Size & Growth Rate (2022 – 2027)

The Global Semiconductor Materials Market has been valued at US$ 61.02 Billion in 2021 and it is expected to reach the high market capital of US$ 75.24 Billion by 2027. During this forecast period it is anticipated to grow with the healthy CAGR of 4.73% over 2022-2027.

Global Semiconductor Materials Market Overview:

Semiconductor materials are made up of elements from two separate groupings of the periodic table. Semiconductors come in binary, ternary, and quaternary configurations. Depending on the application, semiconductor components are available in a variety of shapes and sizes. III-Vs, II-VIs, IV-IVs, sapphire, and so on are the many classifications. II-VIs have a crystalline structure, whereas III-IVs have a zinc mix structure. The bandwidth range of semiconductor materials is higher than that of elemental semiconductors like Si and Ge. Compared to elemental semiconductors, semiconductor materials have a higher electron mobility, a wider bandgap, and less thermal noise. Microwave signals are also produced by them. Semiconductor materials are the most important aspects of integrated circuits and devices fabrication.

In the electronics sector, semiconductor materials are a critical breakthrough. Due to strong electron mobility, a wide temperature range, and low energy consumption, this is the case. Using materials such as silicon (Si), germanium (Ge), and gallium arsenide, electronics makers have been able to replace old thermionic components that made electronic gadgets heavy and non-portable (GaAs). As a result, these materials are primarily employed in the production of diodes, transistors, and integrated chips, among other electronic components.

Global Semiconductor Materials Market Drivers & Restraints:

Drivers:

Compound semiconductor materials are employed in space applications, where they are combined with solar cells deployed on satellites, due to their strong resistance to radiation and heat. Magnetically sensitive, these materials are used in sensing applications. Furthermore, compound semiconductor materials are utilised in optical data storage devices. The expansion of the Global Semiconductor Materials Market is expected to be aided by these factors. Furthermore, the increasing use of electronic components by various organisations to manufacture multi-property components and provide high-performance parts to end-user industries is a key factor driving the Semiconductor Materials Market's expansion.

Semiconductor materials have qualities that are important in electrical technology and appliances, such as wide temperature limitations, high electron mobility, and low power consumption. Semiconductor materials are also utilised in light-emitting diodes (LEDs) and lasers, as well as other light-emitting devices. The Global Semiconductor Materials Market is being driven by wireless technologies and optoelectronics devices. For optoelectronic devices, compound semiconductors are in high demand. The increased global demand for mobile and wireless devices has fuelled the Semiconductor Materials Market's expansion.

Restraints:

The lacking of a skilled labour and the need for rising manufacturing costs are two of the most significant market limitations for semiconductor materials. Despite many breakthroughs 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.

The need for plentiful raw materials for manufacturing processes, as well as contractual manufacturing locations and distribution hubs, are seen as important roadblocks to the semiconductor materials industry's overall expansion. The key hurdles for the Semiconductor materials market growth are rising manufacturing costs and the limited life period of semiconductor materials.

Recent Developments in Global Semiconductor Materials Market:

The Business, Energy and Industrial Strategy Committee has initiated an investigation of the semiconductor industry's strengths and shortcomings, as well as potential, in the UK. While the UK's largest semiconductor company is the subject of a contentious takeover proposal from Chinese-owned Nexperia, manufacturers in other countries, including the United States, Japan, and the European Union, have been spending extensively in expanding their facilities. The Committee will also look at the possibility of working with such allies.

DKSH has agreed to buy DNIV Group, a leading player in the Asia-Pacific semiconductor and electronics distribution market. DKSH's existing businesses will be strengthened as a result of the acquisition.

REPORT COVERAGE:

Global Semiconductor Materials Market Segmentation:

By Material Type:

• Wafer Fab Material.
• Packing Material.

Wafer Fab Material is expected to have the prominent share in the Global Semiconductor Material Market During the Forecast Period. Wafers are processed into integrated circuits at a semiconductor processing facility. In a typical wafer fab, conductors, transistors, resistors, and other electronic components are defined on the semiconductor wafer through a series of sophisticated stages. The imaging phases determine which areas will be impacted by the physical and chemical processes that follow.

By End-User:

• Consumer Electronics.
• Healthcare.
• Communication.
• Automotive.
• Aerospace.

Consumer Electronics Segment is expected to have the prominent share in the Global Semiconductor Material Market During the Forecast Period. Consumer electronics' growing popularity and affordability have influenced the advancement of semiconductor materials. Consumer electronics, such as laptops, tablets, mobile phones, and smartwatches, necessitate advanced semiconductor material implementation, which drives the customer electronics segment's growth. In this area, the smartphone market is the largest user of semiconductors. In recent years, the smartphone market has been very competitive. The global market is expected to be driven by the increasing use of mobile phones. The smartphone business is expected to grow even faster as 5G networks are deployed and IoT technology becomes more widely adopted.

Communication is expected to grow at a higher CAGR rate in the Global Semiconductor Material Market During the Forecast Period. Due to increased demand and the introduction of enhanced communication technologies and facilities, the communication segment of the semiconductor materials business is growing at a faster rate. Silicon semiconductors are used in mobile phones and wireless communications because they have advantages such as increased speed and efficiency. The demand for effective communication continues to rise as the world's population and urbanisation grow, and these factors are likely to support the semiconductor materials market growth over the forecast period.

Global Semiconductor Materials Market Regional Analysis:

• North America is expected to have the dominant share in the Global Semiconductor Material Market During the Forecast Period. 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 increasing its production rate. Because it is widely 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 rising in tandem with the rapid growth of LED lighting in the region. Furthermore, the existence of famous semiconductor production facilities throughout the region, as well as the expanding adoption of portable devices, are driving the semiconductor materials industry's overall expansion in North America.
• Asia-Pacific is expected to grow at a higher CAGR rate in the Global Semiconductor Material Market During the Forecast Period. Asian countries like China, Taiwan, Japan, and South Korea have played a key part in the semiconductor industry's development. Due to rising demand for wireless technologies and consumer electronic devices from emerging economies such as India, Taiwan, and China, the Asia-Pacific region is expected to account for a significant market share in the semiconductor materials industry. Taiwan is one of the world's leading semiconductor manufacturers. Taiwan Semiconductor Manufacturing Limited (TSMC), United Microelectronics Corporation, and other important players in the semiconductor sector call the country home.
• Europe.
• Latin-America.
• Middle-East and Africa.

Key Players in Global 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