Global Semiconductor Fabrication Materials Market Report 2023-2030: Fostering Innovations in ICs – Meeting Demand … – GlobeNewswire
| Source: Research and Markets
Dublin, Sept. 12, 2023 (GLOBE NEWSWIRE) — The “Semiconductor Fabrication Materials: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Semiconductor Fabrication Materials Market to Reach $73.7 Billion by 2030
The global semiconductor fabrication materials market, valued at US$44.1 billion in 2022, is poised for remarkable growth, with projections indicating a surge to US$73.7 billion by 2030, reflecting a strong CAGR of 6.6% during the analysis period from 2022 to 2030.
This substantial market growth is underpinned by rising annual sales and a comprehensive industry analysis spanning from 2014 to 2030. Key product segments like silicon wafers, photoresists & adjuncts, electronic gases, CMP materials, and related categories are driving industry expansion.
Silicon wafers, an essential component in semiconductor fabrication, are expected to exhibit a noteworthy 6% CAGR, reaching a market size of US$23.4 billion by the end of the analysis period. Additionally, the Photoresists & Adjuncts segment, bolstered by post-pandemic recovery, is anticipated to grow at an adjusted 7.9% CAGR in the next eight years.
The U.S. semiconductor fabrication materials market is estimated at US$3.6 billion in 2022. Meanwhile, China, as the world’s second-largest economy, is forecasted to attain a market size of US$17 billion by 2030, supported by a robust CAGR of 7.8% between 2022 and 2030.
Noteworthy markets in Japan and Canada are also expected to contribute to industry growth, with projected CAGRs of 5.8% and 3.9%, respectively, throughout the 2022-2030 period. Germany, within the European market, is poised for a steady growth rate of approximately 4.1% CAGR.
This comprehensive 16-year perspective offers crucial insights into the semiconductor fabrication materials market, setting the stage for robust growth in the coming years.
Key Attributes:
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS(Total 77 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/ue09ss
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