Evolve Business Intelligence has published a research report on the Global Semiconductor Fabrication Material Market, 2021–2030. The global Semiconductor Fabrication Material market is projected to exhibit a CAGR of around 9% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Semiconductor Fabrication Material market are BASF SE, Kanto Chemical Co., Inc., Air Liquide SA, Linde AG, Praxair, Inc, Taiyo Nippon Sanso, Dow Chemical Company, Air Products and Chemicals Inc, JSR Corporation, Alent Plc.
The global Semiconductor Fabrication Material market is projected to be valued at USD 87 Billion by 2030, recording a CAGR of 9% during the forecast period. Semiconductor fabrication is the process of manufacturing semiconductor products. This process is done in several steps, including photolithography, photoresist coating, photolithography, etching, diffusion, oxidation, and finally, in some cases, silicon dioxide removal and metallization steps. The processing steps are repeated in different layers, which results in a finished semiconductor device, such as a microprocessor. Related processes include wafer production, wafer testing and packaging, and the finished product assembly.
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The Covid19 outbreak has affected the global economy by directly affecting production and demand, disrupting of supply chain and market, and financial impact on the firm and financial market. as the number of cases was rising across the world, the various government started to take precautions by taking necessary measures to reduce the spread of the virus. The manufacturing industries were closed down and some industries were permitted to operate with 50% staff.
There was a decrease in demand for the material due to the closedown of various industries. The government had restricted or closed down the manufacturing industries where this material is used. Furthermore, there was a decrease in the demand from the end-user consumer which further affected the market. there was a decrease in the demand for various electronics products and devices which has affected the manufacturer to produce less leading to a decrease in the demand for fabrication material.
Due to the lockdown imposed by various governments, cross-country trade got affected at large. Furthermore, there was a decrease in the production of new products due to the closing down of industries or operating with 50% capacity. All this has severely affected the supply chain of the Semiconductor Fabrication Material market at a global level..
The global Semiconductor Fabrication Material market has been segmented based on type, application, and region.
By type, the global Semiconductor Fabrication Material market has been segmented into Silicon Wafers, Photomasks, Photoresists, Wet Chemicals, CMP Slurry, and Pads, Gases, Sputter Targets, Photoresist Ancillaries, Other. The silicon wafers segment is the fastest growing in the global Semiconductor Fabrication Material market. Silicon wafers are the basic material for semiconductor fabrication. They are used to make integrated circuits and other electronic components. The growth is attributed to the increasing adoption of advanced process technologies and increasing demand for high-end products such as data centers, mobile phones, and consumer electronics.
Based on application, the global Semiconductor Fabrication Material market has been segmented into Computers, Communications, Consumer Goods, Defense & Aerospace, Other. The Defense & Aerospace segment holds a significant market share in the global Semiconductor Fabrication Material market. The Defense and Aerospace industry is one of the major end-user industries for semiconductor fabrication materials and equipment. The aerospace industry has a wide variety of applications for semiconductor materials and equipment. These include the manufacture of integrated circuits for guidance systems, radar, telemetry, guidance and control computers (TCs), communication receivers, satellite command or control modules, propulsion control systems such as thrusters or turbopumps. They also manufacture electronic power converters for spacecraft and other electrical.
The Semiconductor Fabrication Material market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The Middle East & Africa region is expected to witness considerable growth in semiconductor fabrication material in terms of market size and production capacity. The region is characterized by a high level of economic development, which has led to an increased demand for electronic products and a higher level of investment in the semiconductor industry.