Semiconductor fabrication refers to the process of manufacturing semiconductor products. It can be defined as the materials that are used to pattern semiconductor wafers. Materials such as silicon wafers, wet chemicals, industrial gases, chemical mechanical polishing (CMP) slurry and pads, photomasks, sputter targets, photoresists for semiconductors, photoresists for EUV, electrostatic chucks, IC lead frame, and others, are generally used as the semiconductor fabrication materials. The government initiation plays a vital role in the development of any sector. The investment by the government helps to boost the demand and market share. The U.S. government has taken the initiation to fortify America's semiconductor supply chains through robust investments in the U.S. chip production and innovation. In June 2021, the U.S government passed the fund to United States Innovation and Competition Act (USICA), broad competitiveness legislation that includes US$ 52 billion to bolster domestic chip manufacturing, research, and design. The semiconductor industry has urged the U.S. House of Representatives to follow suit and send legislation to the President's desk to be signed into law.
The global semiconductor fabrication material market is highly fragmented and the number of suppliers is large in counts. Considering the aforementioned factors, the Degree of Competition is Moderate to High. However, the demand for semiconductor fabrication material is analyzed to grow which is boosting the market growth rate increasing government initiative for new semiconductor production units Thus, anticipating the growth in demand for semiconductor fabrication material in the forecast period.
Consumer appliances is one of the most prominent sectors using semiconductor for better enhancement of the products. The sensors, transistors, microprocessors and others semiconductors are widely used in different electronic appliances. These appliances use a semiconductor to give advanced connectivity systems and the penetration of smart voice assistants by technology conglomerates. According to Semiconductor Industry Association, consumer electronics goods hold 10% of global semiconductor sales. The use of semiconductors in consumer goods will help to increase the demand for semiconductor fabrication material during the forecast period. Due to the global shutdown, semiconductors enabled the flow of the global economy, while it also faces significant challenges due to the ongoing shortage of raw material for the manufacturing of semiconductors.
Asia-Pacific holds a major share of the global semiconductor fabrication material market owing to the electrical and electronics industry. China’s semiconductor sector has expanded to become one of the largest in the world and is also the biggest consumer of chips. The increasing government investments and rise in the installation of new plants are driving the market growth of the semiconductor fabrication material market over the forecast period. For instance, according to the Semiconductor Industry Association (SIA), the Chinese semiconductor industry is estimated to invest US$12.3 billion in 2021 and US$15.3 billion in 2022, on CAPEX contributing about 15% of the global total.
Increased use of semiconductors in various end-use industries such as electrical and electronic, telecommunication, consumer appliances, and others are expected to boost the demand for the semiconductor fabrication material market during the forecast period. The Semiconductors fabrication materials are used in the manufacture of different kinds of electronic devices, including diodes, transistors, chips control temperatures, timers, automated features and integrated circuits. We are living around different electrical and electronic appliances to make life easier with smart technology and the internet of things is an advantage. As a result, semiconductor chips help to work with multi-functionality feature to respond to rising demand & maintain standards, and highly durable services. According to IPC Economic outlook December 2021, the electronics industry, which includes categories such as components, loaded boards, computers, communications equipment, and consumer electronics is being increased by 2.6% in November 2021. The electrical and electronic sector sales have been increased by 30.6% as compared to 2019 and 12.8% in 2019-2021. Thus, accumulating the demand of semiconductor fabrication material in the forecast period. With the growing electrical and electronic sector, the demand for semiconductor fabrication material is gradually increasing, which is anticipated to drive the global semiconductor fabrication material market growth in the upcoming years.
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Global Semiconductor Fabrication Material Market Growth Drivers:
Increasing Research and Development of Semiconductors
Globally, there is an increase in research and development of semiconductors products using semiconductor fabrication material. The semiconductor sector is the most R&D and capital-intensive industry in the world, requiring tremendous scale to maintain those investments. The United States leads in R&D intensive activities, supported by its “talent magnet” while Asia leads in capital intensive activities, supported by government incentives. The government incentives in Asia Pacific account for 30-40% of the 10-year total cost of ownership (TCO) of a new state-of-the-art fab, which is estimated to amount to US$ 10-15 billion for an advanced analog fab and US$ 30-40 billion for advanced logic or memory. The China and the US are the top two countries in scientific publications related to semiconductors filed in the past 10 years of which 36% of the scientific publications related to semiconductors published by Chinese institutions were co-authored with institutions from other countries and the US is the largest research partner for Chinese institutions. In the case of publications from US institutions, 60% were co-authored with institutions from other countries, with China as the largest partner followed by Germany and South Korea. Therefore, the growth in the different region anticipates the growth in global semiconductor fabrication material market.
Rise in demand from End use Industry
The modern period of telecommunication commenced with the use of semiconductor devices in telecommunication technology. The transistors technology helped develop existing technology from narrow broadband to private packet-switched networks. In Addition, 5G network is another technology achieved with the help of semiconductor technology and can transfer large amounts of data 100-200X faster than 4G LTE. v However, various components of the internet of things infrastructures like processors, modems, and logic chips helped increase memory output and performance. On the other hand, power semiconductors are used in machines, computers, UPS, LED TVs, air conditioners, washing machines, kitchen appliances, etc. According to International Energy Association, demand for space cooling has increased by 4% per year since 2000, twice as quickly as for lighting or water heating and around 2 billion AC units are now in operation across the globe. Therefore, the increasing demand for appliances and their production will increase the demand for the semiconductor fabrication material market during the forecast period.
The Major Players in this Market Include
The major companies in the Germany and France wood coatings market include DuPont de Nemours, Inc., Shin-Etsu Chemical Co. Ltd., Sumco Corporation, Air Liquide S.A, JSR Corporation, Versum Materials, Inc., Globalwafers, Sumitomo Chemical, Photronics, Inc., Honeywell International Inc. The key focus of the companies has shifted towards acquisition and product launch.
In July 2021, DuPont acquired Laird Performance Materials, a world leader in high-performance electromagnetic shielding & thermal management solutions. This addition greatly strengthens their Electronics & Industrial (E&I) segment.
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