According to TechSci Research report, Europe Semiconductor Materials Market - By Region, Competition Forecast & Opportunities, 2018-2028F, the Europe Semiconductor Materials Market is expected to register robust growth during the forecast period, 2024-2028.
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The European Semiconductor Materials market is experiencing growth driven by the increasing demand for optoelectronic devices and wireless technology. Optoelectronic devices, which rely heavily on compound semiconductors, are a major factor fueling this expansion. The surge in national demand for wireless and mobile devices has further boosted the market for semiconductor materials. These materials are prized for their broad operating temperature range, high electron mobility, and low power consumption, making them essential for various electronic technologies.
Semiconductor materials are also critical for light-emitting devices such as LEDs and lasers. In response to the growing demand, numerous companies are ramping up their semiconductor manufacturing capacities. For example, in October 2022, IQE (International Quantum Epitaxy) PLC and SK Silicon entered into a strategic partnership to develop and market compound semiconductor devices. Their collaboration focuses on innovative epi wafers, such as GaN (Gallium Nitride) on SiC (Silicon Carbide) for radio frequency applications in wireless communications, and GaN on Silicon (Si) for power electronics across diverse markets.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the “Europe Semiconductor Materials Market."
The Europe Semiconductor Materials Market is segmented into Application, Packaging, End User, and Country.
Application: The market is divided into Fabrication, Process Chemicals, Photomasks, Electronic Gases, Photoresists Ancillaries, Sputtering Targets, and Silicon. In 2022, the Process Chemicals segment led the market. This dominance is attributed to increased operational fabrication capacity, high costs of chemicals used in advanced technologies, and the extensive surface area of processed silicon wafers. Process chemicals are essential for cleaning, developing, etching, and polishing semiconductors. Additionally, PFAS, a type of fluorinated chemical, is gaining traction due to its low surface tension and compatibility with other compounds, making it crucial for imaging semiconductors. Companies like Merck are expanding their semiconductor solutions capabilities; in February 2023, Merck announced a new production facility to be operational by 2025, which will produce specialty gases and semiconductor materials for thin film and patterning applications.
Packaging: This segment is categorized into Substrates, Lead Frames, Ceramic Packages, Bonding Wire, Encapsulation Resins (Liquid), and Die Attach Materials. Substrates are the dominant component in this market, holding the largest market share. They are crucial as they support and protect the chip while linking the top chip with the bottom circuit board. Substrates facilitate electrical and physical connections, signal distribution, and power management. They also enhance thermal conductivity and heat dissipation for the chip.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the “Europe Semiconductor Materials Market."
End-user Industry: The market is segmented into Consumer Electronics, Telecommunication, Manufacturing, Automotive, and Energy & Utility. Consumer Electronics is expected to lead the market during the forecast period. Semiconductor materials are crucial in this sector due to their excellent electron mobility, wide operating temperature range, and low energy consumption. Semiconductors are integral to various consumer devices such as microwaves, refrigerators, computers, gaming consoles, and mobile phones, including components like integrated circuits, diodes, and transistors.
Country: The market is further divided into Germany, United Kingdom, France, Italy, Spain, Netherlands, Belgium, Switzerland, Sweden, Finland, Poland, and the Rest of Europe.
Major market players in the Europe Semiconductor Materials Market are:
- Solvay SA
- Messer SE & Co KGaA
- Air Liquide SA
- Compugraphics (MacDermid Alpha Electronics Solutions)
- International Quantum Epitaxy PLC (IQE PLC)
- STMicroelectronics (ST)
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" The EU Chips Act, which was announced in February 2022, offers major financial assistance for the establishment of factories concerning the manufacturing of advanced chips and for promoting semiconductor research in the European Union. To ensure the future technical sovereignty of the region, the European Union intends to boost its global market share for semiconductors from 10% to roughly 20%, by 2030. These activities are anticipated to increase the region's demand for semiconductor materials in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Europe Semiconductor Materials Market by Application (Fabrication, Process Chemicals, Photomasks, Electronic Gases, Photoresists Ancillaries, Sputtering Targets, and Silicon), By Packaging (Substrates, Lead Frames, Ceramic Packages, Bonding Wire, Encapsulation Resins (Liquid), and Die Attach Materials), By End-user Industry (Consumer Electronics, Telecommunication, Manufacturing, Automotive, and Energy and Utility), By Country, Competition, Forecast and Opportunities, 2028F has evaluated the future growth potential of Europe Semiconductor Materials market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe semiconductor materials market.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the “Europe Semiconductor Materials Market."
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