DUBLIN--(BUSINESS WIRE)--Mar 14, 2019--The "Semiconductor Materials Market - Segmented by Type of Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide), Application, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The semiconductor materials market is expected to register a CAGR of over 14.56% during the forecast period 2018-2023. The report profiles the type of semiconductor material's application across various industries.
The Semiconductor Materials Market is anticipated to witness a stimulating growth during the forecast period, owing to an increase in demand from the various end-use industries. The ability of these materials to consume less power, along with broad temperature limits and high electron mobility is projected to positively influence the global market.
The semiconductor materials market is driven by a range of applications, owing to the increase in the research and development (R&D) efforts to make electronic packaging materials highly resourceful, along with the huge demand from the electronic components industry, coupled with the increased population that finds electronic packaging materials useful in a no. of applications.
Growing advancements and technological inventions in the semiconductor packaging materials market are expected to fuel its demand in near future. These materials have been well perceived in various dominant end-user markets in the past few decades, and are expected to find diverse applications across multiple end-user industries.
Consumer Electronic Sector is Expected to Grow at a Significant Rate
The consumer electronics sector has witnessed rapid growth over the past few years and is attempted to support the overall market growth. The semiconductor materials find application in electronic film's coatings, along with the electronic wafer, that are being used as the raw material across multiple end-use industries. Those are used for fabrication of integrated circuits, by further strengthening the global demand over the forecast period.
The microelectronics, including the analog integrated circuits and digital integrated circuits, find application across the mobile phone industry has observed rapid growth over the recent past. The semiconductor materials are used for coating the circuit boards in the mobile phones. Moreover, owing to its high radiation resistance, the compound semiconductor materials are used in scientific applications, such as rocket coatings and jump-suit coatings.
APAC is Expected to Have the Highest Market Share
According to the SEMI Materials Market Data, the total wafer fabrication materials and packaging materials were valued at USD 27.8 billion and USD 19.1 billion, respectively, in 2017. The wafer fabrication materials and packaging materials markets have recorded the revenues of 12.7% and 5.4% year-over-year increases, as compared to 2016. The increase in disposable income of these regions is anticipated to have direct impact on the overall market growth.
From the past couple of years, Taiwan was the largest consumer of semiconductor materials, owing to its large foundry and advanced packaging base. China has maintained its hold on the second position, followed by South Korea and Japan. Primarily, the Asia-Pacific region comprising of Taiwan, China, Europe, and South Korea markets witnessed the strongest revenue growth, while the Rest of World (RoW) and Japan materials markets has experienced moderate growth.
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Market Dynamics
5.1 Market Drivers
5.1.1 Technical Advancement Along with Product Innovation of the Electronic Materials
5.2 Market Restraints
5.2.1 Scarcity of Volatile Raw Materials
5.2.2 Complexity in the Manufacturing Process
5.3 Market Opportunities
5.3.1 Growing Potential Demand of Consumer Electronics Application across the Emerging Economies (India, Brazil)
6. Global Semiconductor Materials Market Segmentation
6.1 By Type of Material
6.1.1 Silicon Carbide
6.1.2 Gallium Manganese Arsenide (GaAs)
6.1.3 Copper Indium Gallium Selenide (CIGS)
6.1.4 Molybdenum Disulfide (MoS)
6.1.5 Bismuth Telluride (Bi2Te3)
6.2 By Application
6.3 By End-user Industry
6.3.1 Consumer Electronics
6.3.4 Energy and Utility
6.3.5 Other End-user Industries
6.4 By Region
6.4.1 North America
6.4.4 Rest of the World
7. Competitive Intelligence - Company Profiles
7.1 BASF SE
7.2 LG Chem Ltd.
7.3 Indium Corporation
7.4 Hitachi Chemical Co. Ltd.
7.5 KYOCERA Corporation
7.6 Henkel Ag & Co.
7.7 Sumitomo Chemical Co. Ltd.
7.8 Dow Chemical Co.
7.9 International Quantum Epitaxy PLC
7.10 Nichia Corporation
7.11 Allteq Industries Inc.
7.12 Alpha Assembly Solutions
8. Investment Analysis
9. Future of Global Semiconductor Materials Market
For more information about this report visit https://www.researchandmarkets.com/research/ckg823/the—worldwide?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005340/en/
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INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 03/14/2019 06:33 AM/DISC: 03/14/2019 06:33 AM