The Global Market for Semiconductor Fabrication Material is Projected to Exceed US$36 Billion by 2024

Revival of Semiconductor Industry Drives the Semiconductor Fabrication Material Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Semiconductor Fabrication Material markets. The global market for Semiconductor Fabrication Material is projected to exceed US$36 billion by 2024, driven by the revival of fortunes of semiconductor fabrication across the world in response to continued demand for electronic devices.

Semiconductors have become an indispensable part of electronics in the modern age. Semiconductors are a primary driver and indicator of real-term progress in technological developments that transform the way people work, commute, entertain and communicate. Used extensively not only in consumer electronic devices but also increasingly in automotives and other mechanical equipment, which are turning into mechatronics (hybrids of mechanical and electronics), semiconductors are becoming omnipresent in the day-to-day life of people. Semiconductors are the silent workhorses of all electronic devices, unseen to the naked eye, but at the heart of everything electronic. Introduction of new and innovative technologies, growing global tech-savvy population, rising world economy, and significant investments made in the industry are the major factors driving the semiconductor market ahead. The shift towards miniaturization, digitalization and high-speeds are also increasing the popularity of semiconductors.

Demand for Semiconductor Fabrication Material is largely tied to the semiconductor industry and health of overall semiconductor device manufacturing activity, which in turn is largely influenced by the health of electronic devices market. The semiconductor industry and semiconductor device manufacturing activity is highly cyclical and is witness to constant and fast-changing technological changes, short product life cycles, faster obsolescence and price erosion, and fluctuating supply and demand conditions. The volatile characteristic of the semiconductor industry and IC manufacturing is attributed to a mix of factors that include fluctuating demand from end-use markets and fluctuations in production capacity, all of which have a marked influence on the semiconductor fabrication material market. Demand patterns in major downstream markets such as Computers, Telecom Equipment, and Consumer Appliances, which influence IC fabrication activity therefore indirectly control growth in fabrication material market.

As stated by the new market research report on Semiconductor Fabrication Material, Taiwan represents the largest global market, owing to the presence of pure play semiconductor fabrication companies in the country. Taiwan is a preferred location for outsourcing semiconductor fabrication by many fabless companies. On the other hand, China is forecast to emerge as the fastest growing market with a CAGR of 5.9% over the analysis period, owing to the investment in fabrication in the country. Additionally, the Chinese government actively supports the semiconductor industry, owing to the large presence of downstream companies assembling electronic devices in the country. Silicon Wafers, the base material for semiconductor manufacturing, represent the largest segment; while CMP Materials represent the fastest growing segment.

Key players in the market include Air Liquide SA, Avantor™ Performance Materials, BASF SE, Cabot Microelectronics Corp., Dow Chemical Company, Hemlock Semiconductor Corporation, Hitachi Chemical Company Limited, JSR Corporation, Kanto Chemical Co., Inc., KMG Chemicals Inc., Linde AG, Merck KgaA, Mitsui Chemicals, Inc., Mitsubishi Gas Chemical Company, Pibond Oy, Praxair, Inc., Sachem Inc., Shin-Etsu Chemical Co., Ltd., Showa Denko KK, SUMCO Corporation, Sumitomo Chemical Company Limited, Taiyo Nippon Sanso, Tokyo Ohka Kogyo Co., Ltd., Versum Materials, Inc., Wacker Chemie AG, and Wako Pure Chemical Industries, Ltd. among others.

The research report titled "Semiconductor Fabrication Material: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for major geographic markets including the US, Japan, Europe, China, South Korea, Taiwan, and Rest of World. Market segments analyzed in the report include Silicon Wafers, Photoresists & Adjuncts, Electronic Gases, CMP Materials, and Others.

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