Global Semiconductor Materials Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

Global Semiconductor Materials Market Growth

As per SEMI, the global industry for semiconductor materials earned USD 66.7 billion in revenue in 2023. Taiwan, China, and South Korea led the global production of semiconductor materials and earned revenues worth $19.2 billion, $13.1 billion, and $10.6 billion respectively. Other Asia Pacific such as Japan reported annual revenues worth $6,828 billion from its semiconductor materials industry. This was substantially higher than the industrial performance of companies in North America ($5,561) and Europe ($4,319 billion). Over the forecast period, sustained growth in semiconductor demand is expected to favourably shape the semiconductor materials market outlook.

Graphene is expected to emerge as a popular alternative to silicon in the production of semiconductors due to its high speed and energy efficiency. Graphene is an exceptionally strong material whose carbon atoms are arranged in a manner of tessellated hexagons. It can be printed on plastics, fabrics, and glass easily due to its high flexibility. Its usage in electronic devices like smartphones and computers is expected to enhance their battery life, as it consumes relatively less power than silicon. Global scientists are cultivating graphene artificially using silicon carbide chips that overcome its problem of band gap and enable semiconductors to work smoothly. This is expected to revolutionise the market and contribute to semiconductor materials market expansion.

Key Trends and Developments

Global Semiconductor Materials Market Trends

Gallium carbide (GaC) exists in two cubic phases and a configuration of hexagonal molecules. The different phases of gallium carbide have different band gaps- 0.449 eV, 2.733 eV, and 3.340 eV, respectively. Notably, the band gap of hexagonal GaC and the cubic phase F43m GaC is greater than that of gallium nitride. All the three phases of gallium nitride exhibit ultraviolet properties, and their first peak exhibited stronger migration as compared to gallium nitride. Thus, GaC shows significant potential for manufacturing third-generation semiconductors for future industries.

Global Semiconductor Materials Industry Segmentation

Global Semiconductor Materials Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to grow at a CAGR of 6.5% as autonomous electric vehicles are capturing an increasing share of the automotive market. As per the market analysis, the demand for semiconductor materials is expected to grow at a CAGR of 7.5% in India and 6.3% in China, which is expected to favour the semiconductor materials market growth.

Leading Companies in the Global Semiconductor Materials Market

Major players are exploring the potential of cubic boron arsenide as an alternative material for semiconductor production. Its thermal capacity is 10 times greater than silicon and it allows high mobility of holes and electrons. If commercialised, it can significantly impact the global electronics industry and favourably shape the semiconductor materials market dynamics.

Nichia Corporation

Nichia Corporation was founded in 1956 and is headquartered in Tokushima, Japan. It is a semiconductor manufacturing company which also specialises in the production of battery materials, LEDs, fine chemicals, and laser diodes.

Resonac Holdings Corporation

Resonac Holdings Corporation was founded in 1939 and is headquartered in Tokyo, Japan. It is a chemical manufa...

Indium Corporation

Indium Corporation was founded in 1934 and is headquartered in New York, United States. As per semiconductor m...

IQE PLC

IQE PLC was founded in 1988 and is headquartered in Cardiff, United Kingdom. It is engaged in supplying advanc...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the semiconductor materials market report are BASF SE, KYOCERA Corporation, Henkel AG & Company KGAA, Sumitomo Chemical Co., Ltd., and DuPont de Nemours, Inc, among others.