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We expect the global semiconductor materials market to exhibit a CAGR of 4.07% during 2022-2027.
The growing application of semiconductor materials in the manufacturing of different electronic components is one of the key factors catalyzing the global semiconductor materials market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units of semiconductor materials.
Based on the material, the global semiconductor materials market can be segmented into silicon carbide, gallium manganese arsenide, copper indium gallium selenide, molybdenum disulfide, and bismuth telluride. Currently, silicon carbide holds the majority of the total market share.
Based on the application, the global semiconductor materials market has been divided into fabrication and packaging, where fabrication currently exhibits a clear dominance in the market.
Based on the end use industry, the global semiconductor materials market can be categorized into consumer electronics, manufacturing, automotive, energy and utility, and others. Among these, the consumer electronics industry currently accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global semiconductor materials market include BASF SE, LG Chem Ltd, Indium Corporation, Hitachi Chemical Co. Ltd, KYOCERA Corporation, Henkel AG & Company KGAA, Sumitomo Chemical Co. Ltd, DuPont de Nemours Inc., International Quantum Epitaxy PLC., Nichia Corporation, Intel Corporation, UTAC Holdings Ltd, etc.
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