Global Semiconductor Materials Market Size to worth USD 100.4 Billion by 2033: Forecast Analysis Report

Global Semiconductor Materials Market Size to worth USD 100.4 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Semiconductor Materials Market Size is Expected to Grow from USD 66.8 Billion in 2023 to USD 100.4 Billion by 2033, at a CAGR of 4.16% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Semiconductor Materials Market Size, Share, and COVID-19 Impact Analysis, By Type (Wafer Fab Materials and Packaging Materials), By End-user (Consumer Electronics, Automotive, Telecommunications, Industrial, Healthcare, Aerospace & Defense, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Semiconductor materials refer to a material between conductor and insulator that can conduct electrical current. Silicon, germanium, and gallium arsenide are some of the most used semiconductor materials. These materials are essential for the manufacturing of integrated circuits (ICs), microchips, transistors, light-emitting diodes, and solar cells, among other electronic devices. The increasing adoption of advanced packaging technologies by companies like TSMC and Intel leads to driving innovation that supports complex manufacturing processes escalating the lucrative market growth opportunity. The rising usage of consumer electronics including smartphones, tablets, and wearable devices is significantly driving the semiconductor materials market. Further, the continuous technological advancements in semiconductor manufacturing and rising applications such as 5G and electric vehicles are driving the market growth for semiconductor materials. On the contrary, the increased production cost especially for smaller players or regions with less developed manufacturing infrastructure is restraining the market.

The wafer fab materials segment is anticipated to dominate the market through the forecast period.

Based on the type, the semiconductor materials market is classified into wafer fab materials and packaging materials. Among these, the wafer fab materials segment is anticipated to dominate the market through the forecast period. Silicon wafer fabrication materials are a key component in the manufacturing of electronic devices used in photolithography and etching is essential for creating integrated circuits and chips. The increasing demand for semiconductor manufacturing facilities is contributing to driving the market in the wafer fab materials segment.

The consumer electronics segment dominates the market with the largest revenue share during the forecast period.

Based on the end-user, the global semiconductor materials market is divided into consumer electronics, automotive, telecommunications, industrial, healthcare, aerospace & defense, and others. Among these, the consumer electronics segment dominates the market with the largest revenue share during the forecast period. Semiconductor components including integrated chips, diodes, and transistors are used in mobile phones, laptops, game consoles, microwaves, and refrigerators. The growing smartphone penetration, 5G penetration, and smart home appliances are contributing to driving the market in the consumer electronics segment.

Asia Pacific is projected to hold the largest share of the global semiconductor materials market over the forecast period.

Asia Pacific is projected to hold the largest share of the global semiconductor materials market over the forecast period. The growing need for semiconductor devices from the electronics and automotive industries is contributing to driving the market. The emergence of new technologies including AI and IoT and the 5G smartphones are propelling the regional market growth. The increasing product use in consumer electronics and integrated circuits integration is driving the market.

North America is predicted to grow at the fastest CAGR in the semiconductor materials market over the forecast period. The growing technological improvements in semiconductor materials, such as smaller systems and higher system densities help in market growth. For instance, bismaleimide-triazine resin laminates, a standard component of BGA packages, were introduced by major industry participants such as Mitsubishi Gas and Chemical. This has fueled the expansion of the semiconductor materials market.

Competitive Analysis

Major key players in the semiconductor materials market include BASF SE, LG Chem Ltd, Indium Corporation, Hitachi Chemical Co. Ltd, KYOCERA Corporation, Henkel AG & Company KGAA, Sumitomo Chemical Co., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In July 2024, Applied Materials revealed chip wiring innovations that would help address challenges in the way of energy-efficient computing. The use of new materials in chip wiring would enable two-nanometer node manufacturing, where the width between circuits is around two billionths of a meter apart.

• In April 2024, Shin-Etsu Chemical Co., Ltd. announced that to expand its semiconductor lithography materials business, the company decided to build a new plant in Isesaki City in Gunma Prefecture, Japan. The new plant would become Shin-Etsu’s fourth production base for this business.

• In December 2023, Tokyo Electron announced the launch of Ulucus G, a wafer thinning system for 300mm wafer fabrication.

• In October 2023, A U.K. startup is preparing to send a satellite to space that will manufacture new semiconductor materials that could be used in electronic devices on Earth.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global semiconductor materials market based on the below-mentioned segments:

Global Semiconductor Materials Market, By Type

• Wafer Fab Materials
• Packaging Materials

Global Semiconductor Materials Market, By End-user

• Consumer Electronics
• Automotive
• Telecommunications
• Industrial
• Healthcare
• Aerospace & Defense
• Others

Global Semiconductor Materials Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa