Semiconductor manufacturing material market is projected to grow at a CAGR of 1.59% during the forecast period, reaching a total market size of US$33.705 billion in 2024 from US$30.652 billion in 2018.
Silicon is the main material used in the manufacturing of semiconductor and it is present in abundance in nature, so it has significant market share. Semiconductor manufacturing material market is driven by the increasing demand for semiconductors by various end-users. Semiconductors have several applications in many end-users such as electronics, automotive, manufacturing, and others. The penetration of semiconductors IC in the automobiles sector for wireless charging, EVs, and many others will increase the growth of the market of semiconductor manufacturing material. Increasing demand for the electronic wafer is also uplifting the demand. The growing demand for semiconductor in the optoelectronics sector is expected to positively affect the market. Globally increasing demand for LED is expected to propel the market of semiconductor manufacturing material market. Geographically, Asia Pacific region is expected to have a significant market share owing to surging demand for electronic devices and wireless technologies. Asia Pacific region produces a significant amount of raw materials that are used in the manufacturing of semiconductors. North America region is also expected to hold a market share on account of the presence of key players.
US-China trade war is expected to hamper the semiconductors manufacturing material market growth. However, with the growth of AI, the market of AI-based semiconductor is expected to grow which in turn will raise the market of semiconductors manufacturing material market.
The Semiconductor Manufacturing Material Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type and geography.
The Semiconductors manufacturing material market on segmented based on type and geography. Based on type the market has been segmented into silicon, germanium, gallium arsenide, and other materials.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 13 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Semiconductors manufacturing material market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Semiconductors manufacturing material market.
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