IMARC Group, a leading market research company, has recently released a report titled "Semiconductor Materials Market Report by Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, Bismuth Telluride), Application (Fabrication, Packaging), End Use Industry (Consumer Electronics, Manufacturing, Automotive, Energy and Utility, and Others), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global semiconductor materials market size, share, trends, growth and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Semiconductor Materials Market Overview:

The global semiconductor materials market reached a size of USD 57.8 Billion in 2024 and is projected to grow to USD 78.2 Billion by 2033. This growth corresponds to a CAGR of 3.25% during the forecast period from 2025 to 2033. Driving factors include expanding demand for electronics, technological advancements in semiconductor manufacturing, and increasing applications in emerging fields like 5G and electric vehicles.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Semiconductor Materials Market Key Takeaways

• Current Market Size (2024): USD 57.8 Billion
• CAGR: 3.25%
• Forecast Period: 2025-2033
• Major drivers include proliferation of smartphones, tablets, wearable devices, and smart home appliances.
• Deployment of 5G networks is increasing demand for semiconductor materials capable of high frequencies and faster data rates.
• Renewable energy applications like solar photovoltaics and energy storage are positively impacting market growth.
• Silicon carbide dominates the market by material segment due to its superior electrical and thermal properties.
• Fabrication leads the application segment with semiconductor materials essential for integrated circuit production.
• The consumer electronics industry holds the largest share within the end-use industry.
• Asia Pacific region currently dominates the market, driven by semiconductor chip demand and investments.

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Market Growth Factors

The global semiconductor materials market is primarily driven by the rapid proliferation of smartphones, tablets, wearable devices, and smart home appliances. In 2024, the consumer electronics market generated revenue of approximately USD 1,046.0 Billion worldwide, with a projected volume of 9,014 million pieces by 2028. The consumer sector accounts for 74% device share as of 2023. Smartphone subscriptions are expected to increase from 6.3 billion in 2021 to 7.8 billion by 2027, according to Ericsson, supporting semiconductor demand.

The deployment of 5G technology significantly propels the semiconductor market by increasing demand for advanced materials capable of supporting higher frequencies, faster speeds, and lower latency. The 5G services market size was USD 128.1 Billion in 2023 with IMARC forecasting growth to USD 3,431.8 Billion by 2032 at a CAGR of 44.1%. Ericsson projects 5G mobile subscriptions to rise from 664.18 million in 2021 to 4,389.77 million by 2027, further bolstering semiconductor materials demand for 5G-capable devices across consumer and industrial sectors.

The automotive industry's growing reliance on semiconductor materials for advanced driver assistance systems (ADAS) and autonomous vehicles is another strong growth driver. In 2019, roughly 31 million cars had some automation level, expected to surpass 54 million by 2024. IMARC reports the autonomous vehicle market was USD 81.0 Billion in 2023 and will grow to USD 1,171.6 Billion by 2032 with a CAGR of 33.5%. These trends indicate expanding applications of semiconductor materials to enhance vehicle performance, safety, and efficiency.

Market Segmentation

Breakup by Material:

• Silicon Carbide: A wide-bandgap semiconductor with excellent electrical and thermal properties, used in power electronics, EVs, solar inverters, and industrial motor drives. It holds the majority market share.
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Bismuth Telluride

Breakup by Application:

• 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

Breakup by End Use Industry:

• Consumer Electronics: Largest market segment including smartphones, tablets, laptops, TVs, and smart home appliances.
• Manufacturing
• Automotive
• Energy and Utility
• Others

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates the global semiconductor materials market. This region's growth is driven by the rising demand for semiconductor chips and substantial investments in manufacturing equipment and facilities. China's national strategic plan, Made in China 2025, plays a significant role in industry expansion. The number of connected wearable devices in China increased from 378.8 million in 2021 to nearly 439 million in 2022. Additionally, smartphone mobile network subscriptions worldwide were around 6.6 billion in 2022 and are expected to exceed 7.8 billion by 2028, further propelling market growth in the region.

Recent Developments & News

• June 2024: G-7 leaders announced plans to form a semiconductor supply chain coordination group focusing on subsea cable connectivity to enhance Internet security and resilience amid global chip shortages.
• February 2024: Researchers from the Indian Institute of Technology Guwahati, in collaboration with IIT Mandi and Technical University Wien, developed a cost-effective method to grow a special semiconductor that could significantly improve power electronics efficiency for electric vehicles, high-voltage transmission, and industry automation.

Key Players

• BASF SE
• Air Liquide Electronics
• Avantor Inc.
• DuPont de Nemours, Inc.
• Entegris, Inc.
• Hemlock Semiconductor Operations LLC
• Henkel Adhesive
• JSR Corporation
• LG Chem Ltd.
• Sumco Corporation
• Tokyo Ohka Kogyo Co., Ltd.

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