Semiconductor Materials Market: Powering Electronics Advancements, Expected to Reach $62.7 Billion by 2028

Dublin, Oct. 04, 2023 (GLOBE NEWSWIRE) -- The "Semiconductor Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to's offering.

The global semiconductor materials market has experienced substantial growth, reaching a valuation of US$ 53.8 billion in 2022. This growth trajectory is expected to continue, with forecasts indicating that the market will reach US$ 62.7 billion by 2028. The market is set to exhibit a robust Compound Annual Growth Rate (CAGR) of 3.9% during the period from 2023 to 2028.

Semiconductor Materials: The Foundation of Electronics

Semiconductor materials are crucial innovations in the electronics industry due to their unique electrical conductivity properties. These materials fall within the conductivity range that lies between metals and insulators. They gain the ability to conduct electricity when exposed to light, heat, or voltage following the doping process, which involves introducing small amounts of impurities to pure semiconductors.

Semiconductor materials are typically categorized into two types: N-type and P-type. N-type semiconductors have an excess of electrons, while P-type materials have a higher positive charge. Semiconductor materials exhibit variable resistance and readily pass current in one direction.

Semiconductor materials are fundamental to the electronics industry, thanks to their high electron mobility, wide temperature tolerance, and low energy consumption.

Electronics manufacturers utilize materials such as silicon (Si), germanium (Ge), and gallium arsenide (GaAs) to replace traditional thermionic devices, enabling the production of lightweight and portable electronic devices. These materials find extensive applications in manufacturing various electronic components, including diodes, transistors, and integrated chips.

Additionally, the availability of these small electronic components has facilitated the production of miniaturized devices. The industry is also benefiting from the rise of the Internet of Things (IoT) and the increasing demand for consumer electronics like smartphones, laptops, and tablets.

Key Market Segmentation: Materials, Applications, End-Use Industries

The report provides a comprehensive analysis of key trends in each sub-segment of the global semiconductor materials market, offering forecasts at both the global and regional levels from 2023 to 2028. The market is categorized based on several factors:

Material Insights:

  • Silicon Carbide
  • Gallium Manganese Arsenide
  • Copper Indium Gallium Selenide
  • Molybdenum Disulfide
  • Bismuth Telluride

Application Insights:

  • Fabrication
    • Silicon Wafers
    • Electronic Gases
    • Photomasks
    • Photoresist Ancillaries
    • CMP Materials
    • Photoresists
    • Wet Chemicals
    • Others
  • Packaging
    • Leadframes
    • Organic Substrates
    • Ceramic Packages
    • Encapsulation Resins
    • Bonding Wires
    • Die-Attach Materials
    • Others

End-Use Industry Insights:

  • Consumer Electronics
  • Manufacturing
  • Automotive
  • Energy and Utility
  • Others

Regional Insights: A Global Perspective

The global market covers various regions, including North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Currently, North America holds the largest share of the semiconductor materials market, driven by factors such as the growing popularity of electronics, technological advancements, and the increasing demand for energy-efficient products.

Competitive Landscape: Leading Players

The report offers an in-depth analysis of the competitive landscape in the global semiconductor materials market. Key players in the industry include:

  • LG Chem Ltd
  • Indium Corporation
  • Hitachi Chemical Co. Ltd
  • KYOCERA Corporation
  • Henkel AG & Company KGAA
  • Sumitomo Chemical Co. Ltd
  • DuPont de Nemours Inc.
  • International Quantum Epitaxy PLC.
  • Nichia Corporation
  • Intel Corporation
  • UTAC Holdings Ltd

Please note that this is a partial list of companies, and the complete list is available in the report.

Key Questions Answered:

  1. What is the expected growth rate of the global semiconductor materials market during 2023-2028?
  2. What are the key factors driving the global semiconductor materials market?
  3. What has been the impact of COVID-19 on the global semiconductor materials market?
  4. What is the breakup of the global semiconductor materials market based on the material?
  5. What is the breakup of the global semiconductor materials market based on the application?
  6. What is the breakup of the global semiconductor materials market based on the end-use industry?
  7. What are the key regions in the global semiconductor materials market?
  8. Who are the key players/companies in the global semiconductor materials market?

Key Attributes:

Report AttributeDetails
No. of Pages142
Forecast Period2022 - 2028
Estimated Market Value (USD) in 2022$53.8 Billion
Forecasted Market Value (USD) by 2028$62.7 Billion
Compound Annual Growth Rate2.6%
Regions CoveredGlobal

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Global Semiconductor Materials Market

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