Semiconductor Fabrication Material Global Market Report 2024

Semiconductor fabrication materials are specialized substances employed in the production of semiconductors using advanced wafer-level packaging methods and other associated technologies utilized in solar cells, field-effect transistors, IoT sensors, and circuits for self-driving cars. The process of semiconductor fabrication is intricate, involving the creation of circuits atop a wafer composed of a semiconducting material.

The primary types of semiconductor fabrication materials exist are n-type and p-type. An n-type semiconductor is an intrinsic semiconductor doped with impurities like phosphorus (P), arsenic (As), or antimony (Sb). The array of fabrication materials encompasses silicon wafers, photomasks, photoresists, and others, catering to diverse end users such as telecommunications, energy, electrical and electronics, medical and healthcare, automotive, defense and aerospace, among others.

The semiconductor fabrication material market research report is one of a series of new reports that provides semiconductor fabrication material market statistics, including semiconductor fabrication material industry global market size, regional shares, competitors with a semiconductor fabrication material market share, detailed semiconductor fabrication material market segments, semiconductor fabrication material market trends and opportunities, and any further data you may need to thrive in the semiconductor fabrication material industry. This semiconductor fabrication material market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The semiconductor fabrication material market size has grown rapidly in recent years. It will grow from $60.85 billion in 2023 to $67.48 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The expansion observed in the historical period can be ascribed to the burgeoning electronics industry, advancements in semiconductor materials technology, the need for smaller and more potent chips, the global consumer electronics market, escalating utilization of semiconductors in the automotive sector, and ongoing research and development in materials science.

The semiconductor fabrication material market size is expected to see rapid growth in the next few years. It will grow to $102.27 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The anticipated growth in the forecast period can be linked to the shift towards semiconductor nodes of 5nm and below, the adoption of 3D packaging and chip stacking, advancements in quantum materials and computing, the rising demand for AI and IoT chips, the emphasis on sustainable and eco-friendly materials, and the ongoing trends in miniaturization and power efficiency. Prominent trends expected in the forecast period encompass the utilization of advanced materials for neuromorphic computing, the incorporation of 2D materials in semiconductors, the application of monolithic 3D integration for chip stacking, the use of EUV lithography for finer features, the development of materials for in-memory computing, and the exploration of materials for neuromorphic and quantum computing.

The anticipated growth in the semiconductor fabrication materials market is driven by the increasing investment in the energy sector. Semiconductors find widespread applications in the energy sector, including installations in solar panels, drives, pumps for wind and water turbines, and protection circuits in energy conversion systems. Government investments in the energy sector are substantial, with the International Energy Agency (IEA) reporting an expected global energy investment increase of over 8% in 2022, reaching USD 2.4 trillion. Notably, the power sector, particularly renewables and grids, has seen significant gains in investment, contributing to the overall growth of the semiconductor fabrication materials market.

A significant factor propelling the growth of the semiconductor fabrication material market is the rising demand for electric vehicles. Electric vehicles, powered by electricity instead of traditional internal combustion engines, heavily rely on semiconductor fabrication materials for efficient power management, control, and optimization of electric systems. The European Environment Agency reported a 28.35% increase in the number of registered battery electric cars in Europe, reaching 1,126,682 in 2022. This surge in demand for electric vehicles underscores the crucial role of semiconductor fabrication materials in enhancing energy conversion, battery performance, and overall electric vehicle efficiency.

In the semiconductor fabrication materials market, product innovations have become a prominent trend, with companies striving to develop cutting-edge solutions. Panasonic Corporation, for instance, launched a semiconductor package substrate material (Product No. R-1515V) with low thermal expansion properties to reduce substrate warping during packaging and optimized mechanical properties to lower residual stress on solder joints.

Major players in the semiconductor fabrication material market are focusing on introducing new products, exemplified by the launch of Coronus DX by Lam Research Corporation. This innovative tool simplifies the semiconductor production process by applying a proprietary protective film to both edges of the wafer in a single step, reducing defects and damage during manufacturing.

In April 2021, CMC Materials Inc. acquired International Test Solutions for $125 million in cash, aiming to expand its portfolio of critical solutions for the semiconductor industry and address customers' challenging demands.

Major companies operating in the semiconductor fabrication material market include Air Liquide SA, Avantor Inc., BASF SE, Dow Inc., Hitachi Chemical Company Limited, JSR Corporation, Kanto Chemical Co. Inc., KMG Chemicals Inc., Linde AG, Indium Corporation, Kyocera Corporation, Showa Denko Materials Co. Ltd., Applied Materials Inc., DuPont de Nemours Inc., Cabot Microelectronics Corporation, Merck KGaA, Mitsubishi Chemical Corporation, Mitsui Chemicals Inc., Nippon Steel Chemical & Material Co. Ltd., Praxair Inc., Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Ohka Kogyo Co. Ltd., Tosoh Corporation, Ube Industries Ltd., Versum Materials Inc., Wacker Chemie AG, Wafer World Inc., Air Products and Chemicals Inc., Entegris Inc., Heraeus Holding GmbH, Honeywell International Inc., Lam Research Corporation, Tokyo Electron Limited

Asia-Pacific was the largest region in the semiconductor fabrication material market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semiconductor fabrication material market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the semiconductor fabrication material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The semiconductor fabrication materials market consists of sales of silicon, selenium, boron, tellurium, and germanium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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