Semiconductor fabrication material: Key market research findings
- Growing trends towards miniaturization of electronic devices
- Increase in the usage of silicon wafers in
Technavio has released a new market research report on the global semiconductor fabrication material market, to its semiconductor portfolio. Technavio’s market research analysts estimate the global semiconductor fabrication material market to grow at a CAGR of more than 4% between 2016 and 2020, owing to the rapid development electronic devices industry. Growing demand for compact electronic devices and large panel displays has boosted the demand for semiconductor ICs and printed circuit board (PCB), which are triggering increased usage of semiconductor fabrication materials. APAC is the largest revenue contributing region to the global market for semiconductor fabrication materials, accounting for 67% of the overall market share.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is expected to witness the miniaturization of electronic devices during the forecast period. The advent of advanced systems like MEMS, nano-electro-mechanical systems (NEMS), and 3D stacked ICs has led to a demand for finer patterning in semiconductors. This growing need for microfabrication is predicted to drive the market for new fabrication materials with improved heat and stress resistance properties,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Growing automation in automobiles has increased the demand for semiconductor wafers. The silicon wafers dominate the market with a market share of around 33%. The growing demand for semiconductor ICs has resulted in an increase in the production capacity of semiconductor wafers. Moreover, the investments being made by key vendors for expanding their fabrication facilities is also expected to drive the growth of this segment during the forecast period.
The key players in the global semiconductor fabrication material market are BASF, Dow, DuPont, Henkel, Hitachi, Honeywell, JSR, and TOK. The market is highly consolidated with numerous prominent vendors accounting for the majority of the market share. Local vendors are providing innovative solutions at a low price leading to intense competition price wars.
A more detailed analysis is available in the Technavio report, Global Semiconductor Fabrication Material Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Semiconductor Materials Market 2015-2019
- Global Semiconductor Packaging Materials Market 2015-2019
- Global Organic Substrate Packaging Material Market 2015-2019
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