According to a new market report published by Lucintel, the future of the fab material market looks promising with opportunities in the automotive and communication sectors. The global fab material market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market is the growth of the semiconductor industry.
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In this market, silicon, SOI, pahotomasks, photoresist, chemicals, and others are the major types used. Lucintel forecast that silicon will remain the largest segment during the forecast period as silicon is fundamentally used in the building materials for semiconductors, which is a crucial component for all electronic goods and consumer electronics. The extensive use of silicon is because of its benefits such as low raw material cost, relatively simple processing, ease of availability, and a useful temperature range.
Within this market, communication is expected to remain the largest end use industy over the forecast period due to the growth of 5G.
Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period due to the growing demand for consumer electronics and electro-medical devices and the availability of raw materials, cheap labor, and favorable factors of production will boost the growth of the electronic goods market in this region.
Air Liquide, Hitachi, Fujimi, The Linde Group, Solvay,Soitec, Shin-Etsu Chemical Co., Ltd, GlobalWafers Co., Ltd., SUMCO, Simgui, GlobalFoundries, STMicroelectronics N.V., TowerJazz, NXP Semiconductors N.V., Murata Manufacturing, Skyworks Solutions, Qorvo, Sony Corporation, MagnaChip Semiconductor, United Microelectronics Corporation, Qualcomm Technologies, Inc., Silicon Valley Microelectronics, Inc. are among the major manufacturers of fab material market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fab material market by product type, end use industy, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Fab Material Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fab material market by product type,end use industry, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Silicon
SOI
Pahotomasks
Photoresist
Chemicals
Others
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Communication
Automotive
Consumer Electronics
Industrial
Computer
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Norway
Spain
German
France
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.