LONDON, Sept. 6, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the semiconductor manufacturing materials market, rising investment in the energy sector is expected to drive growth in the materials market. semiconductor manufacturing. Semiconductors are generally installed in the power sector, such as solar panels, drives and pumps in wind and water turbines, and protection circuits in power conversion to ensure efficiency and minimal power loss. The government is investing heavily in the energy sector. For example, according to Invest India, a National Investment Promotion and Facilitation Agency, the energy sector in India is forecast to attract investments worth $128.24-135.37 billion between 2019 and 2023. Furthermore, according to the Agency Energy International, investment in the global energy sector will increase by around 5% in 2021 to more than USD 820 billion. Therefore, the increasing investment in the energy sector is driving the growth of the semiconductor manufacturing materials market.
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The global semiconductor manufacturing materials market size is expected to grow from $47.00 billion in 2021 to $51.84 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global semiconductor manufacturing materials market size is expected to grow at $68.30 billion in 2026 in a CAGR of 7.1%.
Product innovations have become a key trend gaining popularity in the semiconductor manufacturing materials market. Companies operating in semiconductor manufacturing materials are focused on developing innovative products to maintain their market position. For example, in June 2021, Panasonic Corporation, a Japan-based manufacturer of electrical and electronic products, launched a semiconductor package substrate material (Product No. R-1515V). This product enabled both low package deformation and high reliability at the assembly level. The new material has very low thermal expansion properties that reduce substrate deformation during the packaging process and optimized mechanical properties that reduce residual stress at solder joints.
The major players in the semiconductor manufacturing materials market are Air Liquide SA, Avantor Inc., BASF SE, Dow Inc., Hitachi Chemical Company Limited, JSR Corporation, Kanto Chemical Co., Inc., KMG Chemicals Inc., Linde AG, Indium Corporation, Kyocera Corporation, and Showa Denko Materials Co., Ltd.
The global market for semiconductor manufacturing materials is segmented by semiconductor type into N-type, P-type; by manufacturing material in silicon wafers, photomasks, photoprotectors, others; by end user in telecommunications, energy, electricity and electronics, medicine and health, automotive, defense and aerospace, others.
Pacific Asia was the largest region in the semiconductor manufacturing materials market in 2021. Pacific Asia is expected to be fastest growing region in the global market for semiconductor manufacturing materials during the forecast period. Regions covered in global semiconductor manufacturing materials market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Global Semiconductor Manufacturing Materials Market Report 2022: Market Size, Trends, and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company providing semiconductor manufacturing materials market overviews, analysis semiconductor manufacturing materials market and market size and growth forecasts for the entire market, semiconductor manufacturing materials market segments and geographies, semiconductor manufacturing materials market trends, manufacturing materials market drivers of semiconductors, semiconductor manufacturing materials market restrictions, revenue, profiles and market shares of leading competitors in the semiconductor manufacturing materials market in more than 1000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also offers an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and knowledgeable team of analysts and modelers provide market analysis and forecasts. The reports identify the top countries and segments for opportunities and strategies based on market trends and the approaches of major competitors.
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