Semiconductor Seals Market Size, Share, Trend, Forecast Analysis, and Growth Opportunity: 2023-2028

The Seals Market Registered a Contracted Growth in 2020, Followed by Healthy Growth Starting from 2021, Reaching US$ 0.9 Billion in 2026

Market Highlights

Seals are one of the critical components used in semiconductor manufacturing equipment. In the semiconductor industry, contaminations are measured in microns as semiconductor equipment making is critical and very sensitive to contaminations. To avoid these contaminations, seals are applied in the wafer fabrication equipment. They are situated in almost every piece of equipment used for the wafer fabrication process, such as chemical vapor deposition, cleaning/etching, atomic layer deposition, physical vapor deposition, oxidation, diffusion, photolithography, rapid thermal process, and ion implant. Seals account for merely 1.5% of the global semiconductor manufacturing equipment market in terms of value.

When almost all the companies serving industries like automotive, aerospace, and industrial, were recording huge losses due to the sudden drop in demand in the wake of the pandemic. Seal manufacturers serving the semiconductor segment were extremely overloaded with abundant orders. Overall, the semiconductor seals market flourished amid the pandemic and showed growth in the past two years (2021 and 2022) and is expected to continue its growth momentum in the year 2023 and beyond, driven by a host of factors such as increasing high-bandwidth smartphones, increasing demand for wearable devices, and rapid expansion of electric vehicles across the globe. After excellent growth in 2021, the market is expected to experience sequential growth till 2028, with a CAGR of 7.9% over the next five years to reach US$ 1,303.7 million in 2028.

Recent Market JVs and Acquisitions: There were hardly any strategic alliances, including M&As, JVs, etc., performed in recent years. Unlike the global seals market, the semiconductor seals market recorded less significant M&A activities. For instance;

• In 2019, CARCO-PRECISION RUBBER PRODUCTS S.p.A. acquired Microflex Technologies, LLC. The acquisition will further strengthen Carco’s position in the USA market and allowed the company to extend its solutions into critical applications for the semiconductor industry.
• In 2019, HEICO Corporation’s Electronic Technologies Group acquired 85% of the stock of Solid Sealing Technology, Inc. This acquisiton will help HEICO Corporation for its custom design capabilities drawn from a broad range of sealing technologies as Solid Sealing Technology, Inc has been known as a leader in its field.

Market Segments’ Analysis

The semiconductor seals market is segmented into lithography, etching/cleaning, deposition, process diagnostics, and others. Etching/cleaning is expected to remain the largest market segment over the next five years. Key driving factors are rising demand for more efficient cleaning technologies for the development of efficient and effective semiconductors and an increase in the demand for cleaning/etching equipment in the wake of growing demand for small devices such as smartphones, laptops, and other consumer electronics products.

The market is segmented into FKM, FFKM, fluorosilicone, and other seals. FFKM is estimated to maintain its market dominance and is also expected to witness the fastest growth during the forecast period. Key factors boosting the demand for FFKM seals are increasing demand for high-performance seals owing to the increasing wafer size. Similarly, FKM is likely to maintain its second-leading position in the market. These seals are relatively cheap than FFKM seals and meet the desired requisites of many applications in the semiconductor fabrication process.

The market is segmented into O-rings, gaskets, lip seals/bonded seals, and others. O-ring is likely to maintain its dominance during the forecast period, whereas lip seal/bonded seal is expected to grow at the fastest pace during the same period. Recovery from deformation and easy-to-use properties of O-rings drive their popularity in semiconductor applications. Bonded seals with a greater life cycle are the key requirements of fabricators to reduce maintenance cost.

The semiconductor seals market is segmented into static and dynamic. Between which the static seals are expected to remain the dominant segment in the coming years. Key applications of static seals are center rings, window seals, gas inlets and outlets, exhaust valves, chamber lids, chemical containers, etc. O-rings are the major product type used for static applications.

Asia-Pacific is expected to maintain its unassailable lead in the foreseen future. China, Taiwan, South Korea, and Japan are the leading markets in the region. A key factor driving the regional growth is the aggressive promotional policies by the governments coupled with high investments made by the private companies. The region is a manufacturing hub for cleaning and chemical vapor deposition equipment and housing equipment manufacturers.

The market is highly consolidataed with the presence of some regional and global players. Most of the major players compete in some of the governing factors including price, product offerings, product quality, and regional presence. The supply chain of this market comprises of raw material suppliers, semiconductor seal fabricators, semiconductor equipment manufacturers, and semiconductor fabricators.

The following are the key players in the semiconductor seals market:

• DuPont
• VALQUA, LTD.
• Trelleborg AB
• Greene Tweed
• EnPro Industries
• PARKER HANNIFIN CORP
• Eagle Industries Co., Ltd.
• Freudenberg SE
• Precision Polymer Engineering Limited
• MNE Co., Ltd.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The semiconductor seals market is segmented into the following categories:

Semiconductor Seals Market, by Application Type

• Lithography (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Etching/Cleaning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Deposition (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Process Diagnostics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Semiconductor Seals Market, by Material Type

• FKM Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• FFKM Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fluorosilicone Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Other Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Semiconductor Seals Market, by Product Type

• O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Lip Seals/Bonded Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Semiconductor Seals Market, by Motion Type

• Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Linear Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Semiconductor Seals Market, by Region

• North America (Country Analysis: The USA and Rest of North America)
• Europe (Country Analysis: Germany, The Netherlands, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, South Korea, Taiwan, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

This strategic assessment report provides a comprehensive analysis that reflects today’s semiconductor seals market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with the analyst's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. The analyst conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.