The semiconductor materials market size is estimated at USD 70.30 billion in the current year. It is expected to reach USD 88.66 billion by the next five years, registering a CAGR of 4.75% during the forecast period. Semiconductor materials represent one of the significant innovations in the electronics industry. By using materials such as silicon (Si), germanium (Ge), and gallium arsenide (GaAs), electronics manufacturers can replace traditional thermionic devices that make electronic devices heavy and expensive. Since the introduction of semiconductor devices, advanced miniaturization has progressed, and electronic devices have become more compact and mobile.
Brand identity plays a major role in the Semiconductor Materials market, considering the importance of quality that the end-users expect from a semiconductor manufacturing player. The market penetration is also high with the presence of large market incumbents, such as BASF, L.G Chem Ltd., and KYOCERA Corporation. Overall, the intensity of competitive rivalry is expected to grow moderately over the forecast period.
In November 2022, Indium Corporation, a worldwide materials provider to the electronics assembly and semiconductor packaging company in the United States, opened its newest 37,500-square-foot production plant in Penang, Malaysia. The new plant has begun manufacturing operations and will increase production capacity to service better the company's clients in Malaysia and the neighboring area, notably Thailand and Vietnam.
In May 2022, L.G. Chem began developing photoresist (P.R.) utilized in the semiconductor back-end processes with the intention of providing it to worldwide semiconductor businesses. After engraving ultra-fine circuit designs on the front-end procedure of semiconductors, the company is creating P.R. for the back-end technique to improve chip performance.
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