Semiconductor Materials Market By Material Type (Silicon, Gallium Arsenide, Silicon Carbide, Indium Phosphide, Gallium Nitride, Sapphire, and Others), By Material Category, By Technology Node, By Application, By End-Use Industry - Global Industry Outlook, Key Trends and Forecast 2025-2034

Market Overview

The Global Semiconductor Materials Market size is projected to reach USD 72.5 billion in 2025 and grow at compound annual growth rate of 4.4% to reach a value of USD 106.5 billion in 2034.

Semiconductor materials are special kinds of substances that can conduct electricity under certain conditions but not always, making them very useful for making electronic components. These materials fall between conductors like copper and insulators like glass. Silicon is the most commonly used semiconductor material, but others like germanium, gallium arsenide, and silicon carbide are also important. Semiconductor materials are used to make devices like microchips, transistors, and solar cells. These devices are the heart of modern electronics, powering everything from smartphones and computers to electric vehicles and solar panels.

In recent years, the demand for semiconductor materials has grown quickly. This is because of the rising use of electronic gadgets, high-speed internet, cloud computing, and smart technologies. Cars are becoming more digital with sensors, cameras, and chips, which also increases the need for semiconductor materials. Many countries are also focusing on building their own chip-making abilities, further boosting demand. Additionally, industries like healthcare, aerospace, and energy are also turning to electronics, adding to the need for more advanced materials.

One big trend is the shift from traditional silicon to more advanced materials like gallium nitride and silicon carbide. These materials handle heat and power better and are used in fast-charging electric vehicles and high-power devices. Another trend is the move toward smaller, more powerful chips, which need better quality and purer semiconductor materials. The growing focus on sustainable energy has also led to more research into materials for solar panels and energy-efficient devices.

Technology keeps pushing the limits of what semiconductor materials can do. New ways of making chips like 3D stacking, extreme ultraviolet lithography (EUV), and atomic-level design require even more precise materials. Innovations in material science help develop chips that are faster, smaller, and use less energy. At the same time, engineers are trying to make materials more reliable and stable to meet the needs of artificial intelligence, 5G, and quantum computing. As devices become more complex, the role of semiconductor materials becomes more important.

In the past few years, global events like supply chain disruptions and trade restrictions have shown how crucial semiconductor materials are. Shortages in chips affected car makers, phone companies, and even medical equipment production. This has led to strong efforts by governments and companies to secure steady supplies of semiconductor materials. Investments have been made in research labs, factories, and partnerships to build strong regional supply chains. Some countries are also focusing on recycling materials to reduce dependence on imports.

Semiconductor materials are no longer just part of a niche industry—they are now essential for global progress in technology, energy, and defense. The shift toward electric mobility, smart homes, and digital infrastructure will continue to drive demand. However, the market also faces challenges such as environmental concerns, limited availability of rare materials, and the need for skilled workers. Companies and countries that invest in innovation, secure raw materials, and improve manufacturing will be best placed to lead the future of electronics powered by advanced semiconductor materials.

The US Semiconductor Materials Market

The US Semiconductor Materials Market size is projected to reach USD 9.5 billion in 2025 at a compound annual growth rate of 4.1% over its forecast period.

The US plays a critical role in the global semiconductor materials market through its leadership in innovation, research, and high-end manufacturing. US-based companies are key suppliers of advanced materials, equipment, and chemical solutions essential for chip production. The country hosts major R&D centers and collaborates with global players to develop next-generation semiconductor materials. With strong government support, the US is also investing in reshoring and strengthening its domestic semiconductor supply chain, including materials.

National policies aim to reduce dependency on foreign sources and improve resilience. The US also influences global standards and regulations for semiconductor manufacturing. Through both public and private sector efforts, the US continues to shape the direction and stability of the global semiconductor materials ecosystem.

Europe Semiconductor Materials Market

Europe Semiconductor Materials Market size is projected to reach USD 8.7 billion in 2025 at a compound annual growth rate of 3.9% over its forecast period.

Europe plays an important role in the semiconductor materials market, particularly in the development of specialty materials, advanced chemicals, and high-purity gases used in chip production. European companies are known for their precision engineering, strong R&D, and sustainable manufacturing practices.

The region is home to several key suppliers and research institutions that focus on material innovation for advanced nodes, power electronics, and photonics. Europe is also investing heavily in strengthening its semiconductor ecosystem through public-private partnerships and government initiatives. These efforts aim to enhance local production capabilities, reduce reliance on imports, and support technological sovereignty. Europe’s focus on quality, sustainability, and innovation positions it as a valuable contributor to the global semiconductor materials supply chain.

Japan Semiconductor Materials Market

Japan Semiconductor Materials Market size is projected to reach USD 10.9 billion in 2025 at a compound annual growth rate of 4.7% over its forecast period.

Japan holds a vital position in the global semiconductor materials market, especially as a leading supplier of high-purity materials, photoresists, wafers, and specialty chemicals. Japanese companies have built a strong reputation for quality, precision, and reliability, making them essential partners in advanced semiconductor manufacturing.

The country’s deep expertise in materials science supports the production of critical components used in both logic and memory chips. Japan also invests heavily in R&D and works closely with chipmakers to co-develop materials for next-generation technologies. Despite global competition, Japan maintains a stable presence due to its strong infrastructure and long-standing industry relationships. Its focus on continuous innovation, supply chain resilience, and technical excellence makes it a key pillar of the semiconductor materials ecosystem.

Semiconductor Materials Market: Key Takeaways

• Market Growth: The Semiconductor Materials Market size is expected to grow by USD 31.1 billion, at a CAGR of 4.4%, during the forecasted period of 2026 to 2034.
• By Material Type: The wafer fabrication material is anticipated to get the majority share of the Semiconductor Materials Market in 2025.
• By Application: The IC segment is expected to get the largest revenue share in 2025 in the Semiconductor Materials Market.
• Regional Insight: Asia Pacific is expected to hold a 61.8% share of revenue in the Global Semiconductor Materials Market in 2025.
• Use Cases: Some of the use cases of Semiconductor Materials include consumer electronics, automotive electronics, and more.

Semiconductor Materials Market: Use Cases

• Consumer Electronics: Semiconductor materials are essential in making chips used in smartphones, laptops, tablets, and televisions. These chips control processing, memory, and display functions. As devices become more compact and powerful, the demand for high-quality materials grows rapidly.
• Automotive Electronics: Modern vehicles rely heavily on semiconductors for functions like engine control, infotainment, driver assistance, and battery management in electric vehicles. Materials like silicon carbide are used for power electronics to improve performance and energy efficiency. This makes semiconductor materials crucial in the shift toward smart and electric mobility.
• Renewable Energy Systems: Semiconductor materials are used in solar panels and energy storage systems to convert and manage power efficiently. They help improve energy capture, reduce losses, and increase the lifespan of renewable systems. As green energy grows, so does the importance of advanced materials.
• Industrial Automation & Robotics: Factory automation, robotics, and IoT-based machinery use sensors and microcontrollers made with semiconductor materials. These materials enable fast data processing, motion control, and power management. They support smarter, faster, and more reliable industrial operations.

Market Dynamic

Driving Factors in the Semiconductor Materials Market

Rising Demand for Advanced Electronics and Connectivity
The growing need for smarter, faster, and more connected devices is a major driver of the semiconductor materials market. With the rise of technologies like 5G, artificial intelligence, Internet of Things (IoT), and high-performance computing, demand for more powerful and energy-efficient chips is increasing. These advanced chips require high-purity, high-performance semiconductor materials to ensure speed, accuracy, and durability.

Consumer electronics, including smartphones, tablets, and wearables, continue to evolve rapidly, pushing manufacturers to invest in better materials. The push for miniaturization and increased functionality in devices is also driving material innovation. Even household appliances and home automation systems now rely on semiconductor-powered chips. As connectivity becomes a key feature in all aspects of life, semiconductor materials play a central role in enabling this digital transformation.

Electrification of Transportation and Renewable Energy Growth
The global shift toward electric vehicles (EVs) and renewable energy systems is fueling strong demand for power-efficient semiconductor materials. Materials like silicon carbide and gallium nitride are becoming more popular because they handle higher voltages and temperatures, making them ideal for EVs, charging stations, and solar inverters.

Automakers are increasingly integrating electronic components into vehicles for battery management, autonomous features, and infotainment, all of which depend on reliable semiconductor materials. Similarly, wind and solar energy systems require chips to manage and convert power efficiently. As countries invest in greener energy and transportation to meet climate goals, the use of high-performance semiconductor materials will continue to rise. This long-term structural shift is expected to keep driving steady growth in the market.

Restraints in the Semiconductor Materials Market

High Production Costs and Technical Complexity
One of the major restraints in the semiconductor materials market is the high cost of production and the technical complexity involved in manufacturing. Producing semiconductor materials with the required level of purity and performance involves sophisticated equipment, cleanroom environments, and strict quality control. Advanced materials like gallium nitride and silicon carbide are even more expensive to produce and process compared to traditional silicon.

Additionally, scaling up production while maintaining consistency is a challenge. These high costs can limit adoption, especially for smaller companies and emerging markets. The lengthy and capital-intensive nature of setting up manufacturing facilities also slows down market expansion. As chip designs become more complex, the demand for specialized materials rises, further increasing the cost burden on suppliers and manufacturers.

Raw Material Dependency and Supply Chain Risks
The semiconductor materials market is heavily dependent on a limited number of raw materials, many of which are sourced from specific regions. This creates a vulnerability to supply disruptions caused by geopolitical tensions, trade restrictions, or natural disasters. Some critical materials, such as rare earth elements and high-purity metals, are difficult to substitute and often controlled by a few countries.

Global events in recent years have exposed weaknesses in the supply chain, causing delays and shortages in chip production. Inconsistent supply not only affects production timelines but also increases material costs. Furthermore, sudden changes in regulations or export policies can disrupt global flows. These risks make it challenging for companies to maintain stable operations and plan long-term investments confidently.

Opportunities in the Semiconductor Materials Market

Emerging Applications in AI, Quantum Computing, and Edge Devices
The rapid growth of emerging technologies such as artificial intelligence (AI), quantum computing, and edge computing presents a major opportunity for the semiconductor materials market. These technologies demand new types of chips with higher processing power, lower energy consumption, and advanced thermal management. As a result, there is increasing interest in next-generation materials like 2D semiconductors, compound semiconductors, and novel substrates that can meet these advanced requirements.

AI accelerators and neuromorphic chips, for instance, rely on materials that support faster signal processing and higher density. Similarly, quantum computing requires materials with unique properties at the atomic scale. Edge devices that operate close to data sources also need efficient and compact chips made with specialized materials. The growing R&D in these sectors opens doors for material innovation and tailored solutions.

Government Initiatives and Regional Supply Chain Development
Many governments around the world are launching initiatives to boost domestic semiconductor production and reduce reliance on foreign sources, creating new opportunities for material suppliers. Investments in semiconductor ecosystems, including research centers, fabrication plants, and material processing units, are growing rapidly. These programs often come with subsidies, tax breaks, and funding support, helping local players scale up.

At the same time, efforts to build regional supply chains reduce the risks of global disruptions and create a more resilient infrastructure. Countries in Asia, North America, and Europe are pushing for strategic independence in semiconductor manufacturing, which includes securing the supply of essential materials. These policies are opening up new markets and collaborations, giving material producers a chance to expand their reach and form long-term partnerships.

Trends in the Semiconductor Materials Market

Shift Toward Wide Bandgap Materials
A key trend in the semiconductor materials market is the growing shift from traditional silicon to wide bandgap materials like silicon carbide (SiC) and gallium nitride (GaN). These materials offer better efficiency, faster switching speeds, and improved thermal performance, making them ideal for high-power and high-frequency applications. Industries such as electric vehicles, renewable energy, and aerospace are increasingly adopting these advanced materials to enhance performance and reduce energy loss.

Manufacturers are investing in the development and scaling of these materials to meet future demands. As the need for power-efficient electronics continues to rise, wide bandgap semiconductors are gaining significant attention. This shift is also encouraging innovation in material processing and device fabrication. It marks a crucial evolution in how next-generation electronics are designed and manufactured.

Increased Focus on Material Sustainability and Recycling
Sustainability has become a major trend in the semiconductor materials market, with companies focusing more on reducing environmental impact and promoting circular practices. The high energy usage and waste generation in semiconductor manufacturing have led to greater efforts to recycle wafers, reclaim chemicals, and minimize hazardous by-products.

Research is being conducted into eco-friendly materials and processes that reduce carbon footprints without compromising performance. Some players are also exploring bio-based and less-toxic alternatives for cleaning and etching. Regulations and consumer pressure are pushing companies to meet stricter environmental standards. Additionally, efforts to localize supply chains are partly driven by the need for more transparent and sustainable sourcing of raw materials. This trend is expected to shape future investments and partnerships across the industry.

Impact of Artificial Intelligence in Semiconductor Materials Market

• Accelerated Materials Discovery: AI helps researchers quickly identify new semiconductor materials by analyzing vast datasets and predicting properties, speeding up the development of advanced, high-performance materials.
• Process Optimization: AI is used to optimize manufacturing processes, such as wafer fabrication and material deposition, leading to better yield, reduced waste, and improved efficiency in semiconductor production.
• Defect Detection and Quality Control: AI-powered tools are enhancing quality control by detecting microscopic defects in materials and wafers more accurately and faster than traditional methods.
• Design of Energy-Efficient Materials: Through machine learning models, AI enables the design of semiconductor materials with improved thermal and elecrical efficiency, ideal for low-power and high-speed devices.
• Supply Chain Prediction and Management: AI helps forecast demand, manage inventory, and identify potential disruptions in the materials supply chain, improving overall reliability and planning.

Research Scope and Analysis

By Material Type Analysis

Silicon as a material type is leading in 2025 with a share of 41.7%, playing a central role in the growth of the semiconductor materials market due to its wide availability, cost-effectiveness, and excellent electrical properties. It remains the foundation for most integrated circuits, memory chips, and microprocessors used in electronics, automotive systems, and industrial devices. As demand grows for smartphones, laptops, data centers, and smart appliances, the use of silicon wafers and substrates continues to rise.

The mature ecosystem around silicon manufacturing, including equipment, fabrication techniques, and design tools, makes it a reliable choice. Ongoing advancements in silicon-based technologies, including FinFETs and 3D integration, further strengthen its dominance. Despite emerging alternatives, silicon is expected to retain a strong position in mainstream semiconductor production through its balance of performance, scalability, and cost.

Compound semiconductors as a material type are having significant growth over the forecast period, driven by their superior speed, power efficiency, and ability to perform in high-frequency and high-temperature conditions. Materials like gallium arsenide (GaAs) and gallium nitride (GaN) are widely used in power electronics, RF devices, LEDs, and advanced communication systems.

As demand increases for 5G, electric vehicles, and defense electronics, compound semiconductors are becoming essential for applications where traditional silicon falls short. Their ability to support faster switching and better energy handling makes them ideal for high-performance chips. Expanding research, growing production capacity, and support for next-generation technologies are all contributing to their rising share in the semiconductor materials market.

By Material Category Analysis

Wafer fabrication material as a material category is leading in 2025 with a share of 60.2%, playing a crucial role in the growth of the semiconductor materials market due to its use in the core chip manufacturing process. This category includes materials such as silicon wafers, photomasks, photoresists, dielectric layers, and etching gases that are essential for building the intricate structures inside integrated circuits.

As demand grows for advanced electronics, memory chips, and high-performance processors, the need for precision and purity in wafer fabrication materials increases. With ongoing developments in miniaturization, 3D structures, and extreme ultraviolet lithography, manufacturers rely heavily on these materials for quality and performance. The expansion of foundries and investments in new fabs across Asia and the US are further fueling growth in this segment, making wafer fabrication materials the backbone of the semiconductor production process.

Di-electric & conductive as a material category is having significant growth over the forecast period, driven by rising demand for efficient, compact, and high-performance chip packaging solutions. This category includes substrates, bonding wires, leadframes, encapsulants, and thermal interface materials that protect chips and ensure signal and power delivery. With the rise of 5G, AI, and wearable devices, advanced packaging techniques like system-in-package and 3D stacking are gaining traction, boosting the need for innovative packaging materials.

As chips become smaller and more powerful, packaging must handle more heat and signal density, making material performance critical. Growth in outsourced semiconductor assembly and testing (OSAT) services is also expanding the use of specialized packaging materials across the semiconductor industry.

By Technology Analysis

21–45 nm as a technology node is leading in 2025 with a share of 30.6%, supporting the growth of the semiconductor material market through its widespread use in both advanced and legacy applications. This node remains a popular choice for producing microcontrollers, analog chips, image sensors, and embedded devices due to its balance between performance, cost, and manufacturing maturity.

Materials used at this scale—such as high-k dielectrics, copper interconnects, and advanced photoresists—continue to be in high demand. Foundries and IDMs still produce large volumes of chips at this node to serve industries like automotive, consumer electronics, and industrial automation. The stable performance, proven reliability, and scalable production processes make 21–45 nm technology a key segment in maintaining steady demand for semiconductor materials in both mature and emerging markets.

Less than 10 nm as a technology node is having significant growth over the forecast period, driven by increasing demand for ultra-powerful and energy-efficient chips used in AI, high-performance computing, and advanced mobile devices. This node pushes the limits of chip design, requiring highly advanced materials like extreme ultraviolet (EUV) photoresists, ultra-thin barrier metals, and atomic-level deposition materials.

As chipmakers race to produce smaller and faster transistors, the demand for precision-engineered materials grows rapidly. Foundries are investing in new fabrication processes and tools to support mass production at this scale. The focus on performance, lower power consumption, and higher transistor density is turning sub-10 nm into a critical node for innovation, boosting material development and adoption across the semiconductor manufacturing equipment market.

By Application Analysis

Integrated Circuits as an application is leading in 2025 with a share of 43.6%, driving the growth of the semiconductor material market due to their wide use across consumer electronics, computing, telecommunications, and automotive systems. These tiny components combine multiple transistors, resistors, and capacitors into a single chip, enabling high-speed data processing and compact device design. The materials used in IC manufacturing—such as silicon wafers, copper interconnects, dielectric layers, and photoresists—are essential for building complex and reliable circuits.

As demand rises for smart devices, cloud infrastructure, and AI applications, the production of ICs continues to increase, boosting material consumption. Ongoing innovation in IC design, such as 3D integration and system-on-chip (SoC) architecture, also requires advanced and high-purity materials. This strong application base makes integrated circuits a major contributor to semiconductor material market expansion.

Power Electronics as an application is having significant growth over the forecast period in the semiconductor material market, supported by rising demand for energy-efficient systems across electric vehicles, renewable energy, and industrial automation. Power devices like MOSFETs and IGBTs rely on precise equipment to produce materials such as silicon carbide and gallium nitride, which handle high voltages and temperatures.

The shift toward clean energy and fast-charging infrastructure pushes manufacturers to adopt advanced tools for wafer processing, doping, etching, and packaging. Equipment tailored for power electronics enables high reliability and performance, especially in harsh environments. As electrification continues to grow across sectors, the need for specialized manufacturing equipment to support power semiconductor materials is becoming a key growth driver.

By End Use Industry Analysis

Consumer electronics as an end user is leading in 2025 with a share of 32.9%, playing a key role in the growth of the semiconductor material market due to the rising demand for smartphones, tablets, laptops, smartwatches, and home devices. These gadgets rely on a wide range of chips for processing, memory, connectivity, and power management, all of which are built using high-quality semiconductor materials.

The continuous push for slimmer designs, faster performance, and longer battery life increases the need for advanced materials like high-purity silicon wafers, insulating films, and conductive layers. Innovations such as foldable screens, wearable tech, and augmented reality are further expanding material requirements. As technology becomes more integrated into everyday life, consumer electronics remain a major force driving the global demand and innovation in semiconductor materials.

Automotive as an end user is having significant growth over the forecast period in the semiconductor material market, driven by the growing use of electronics in vehicles for safety, infotainment, engine control, and electric powertrains. Advanced driver assistance systems (ADAS), battery management systems, and autonomous driving features require highly reliable and precise semiconductor components.

These automotive chips need specialized equipment for wafer thinning, power device processing, and advanced packaging to ensure performance in harsh environments. The shift toward electric vehicles and smart mobility is encouraging automakers and suppliers to invest in modern fabrication tools. As automotive technology continues to evolve rapidly, demand for efficient, scalable, and automotive-grade semiconductor manufacturing equipment is expected to grow steadily across global production hubs.

The Semiconductor Materials Market Report is segmented on the basis of the following:

By Material Type

• Silicon
• Gallium Arsenide
• Silicon Carbide
• Indium Phosphide
• Gallium Nitride
• Sapphire
• Others

By Material Category

• Wafer Fabrication Materials
  • Silicon Wafers
  • Photoresists
  • Photoresist Ancillaries
  • Wet Chemicals
  • Chemical Mechanical Planarization (CMP) Slurries & Pads
  • Gases
  • Sputtering Targets
• Dielectric & Conductive Materials
  • Packaging Materials
  • Lead Frames
  • Substrates (Organic, Ceramic)
  • Encapsulation Resins
  • Bonding Wires
  • Die Attach Materials
  • Underfills
  • Thermal Interface Materials (TIMs)

By Technology Node

• ≤10 nm
• 11–20 nm
• 21–45 nm
• ≥46 nm

By Application

• Integrated Circuits (ICs)
• Discrete Devices
• Optoelectronics
• Sensors
• Power Electronics
• MEMS

By End-Use Industry

• Consumer Electronics
• Automotive
• IT & Telecommunications
• Healthcare
• Industrial
• Defense & Aerospace
• Others

Regional Analysis

Leading Region in the Semiconductor Materials Market

Semiconductor materials market in Asia Pacific is leading in 2025 with a share of 61.8%, driven by strong manufacturing capabilities, rising domestic demand, and government support across major countries like China, Taiwan, South Korea, and Japan. The region is home to many of the world’s largest semiconductor foundries and chip manufacturers, which creates high demand for raw materials, wafers, gases, and specialty chemicals. Rapid growth in consumer electronics, 5G infrastructure, automotive electronics, and industrial automation further boosts material consumption.

Countries in Asia Pacific are also expanding investments in R&D and advanced packaging technologies, strengthening their position in the global value chain. Local suppliers are scaling up production, while global players are forming partnerships to ensure supply stability. As 2025 continues, the region remains central to the semiconductor ecosystem due to its integrated supply chain, skilled workforce, and rising focus on innovation. The strong foundation and ongoing expansion make Asia Pacific a key driver of growth in the semiconductor materials market.

Fastest Growing Region in the Semiconductor Materials Market

Latin America is showing significant growth over the forecast period in the semiconductor materials market, supported by rising interest in electronics manufacturing, government-led industrial initiatives, and foreign investments. Countries like Brazil and Mexico are expanding their role in semiconductor assembly, packaging, and testing, creating new demand for materials such as silicon wafers, dielectric layers, and photoresists.

The region is also focusing on building stronger supply chains and supporting infrastructure for advanced materials processing. With growing use of consumer electronics, automotive chips, and IoT applications, Latin America is slowly positioning itself as an emerging contributor. Continued focus on skills development and technology transfer is expected to support its semiconductor materials market expansion.

By Region

North America

• The U.S.
• Canada

Europe

• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe

Asia-Pacific

• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA

Competitive Landscape

The semiconductor materials market is highly competitive and includes many players working across different parts of the supply chain, such as raw material providers, chemical suppliers, and wafer producers. Companies compete by focusing on innovation, material purity, performance, and reliability. Strong research and development is a key factor, as new technologies demand advanced materials that can handle more power, speed, and heat. The market is also shaped by long-term supply agreements, close partnerships with chip makers, and global manufacturing reach. Rising demand from electronics, electric vehicles, and renewable energy continues to drive competition, pushing companies to expand capacity and improve efficiency.

Some of the prominent players in the global Semiconductor Materials are:

• SUMCO Corporation
• Shin-Etsu Chemical Co., Ltd.
• GlobalWafers Co., Ltd.
• Siltronic AG
• WaferWorks Corporation
• SK Siltron
• SUMITOMO Chemical
• Tokuyama Corporation
• LG Chem
• Samsung SDI
• BASF SE
• Merck KGaA
• JSR Corporation
• FUJIFILM Electronic Materials
• DuPont (includes Laird and others)
• Cabot Microelectronics
• Air Liquide
• Linde plc
• Mitsubishi Chemical Group
• Honeywell International Inc.
• Other Key Players

Recent Developments

• In August 2025, Asahi Kasei announced plans to double the production capacity of its PIMEL™ photosensitive polyimide (PSPI) at its Fuji City site by 2030. PSPI is a critical material used for buffer coatings and passivation layers in advanced semiconductor processes.
• In July 2025, Onto Innovation agreed to buy Semilab International’s materials analysis business for approximately USD 545 million. This acquisition strengthens Onto’s offerings in wafer contamination monitoring and materials characterization—key for process control in advanced node semiconductor manufacturing.  

Report Details

Report Characteristics
Market Size (2025)	USD 72.5 Bn
Forecast Value (2034)	USD 106.5 Bn
CAGR (2025–2034)	4.4%
The US Market Size (2025)	USD 9.5
Historical Data	2019 – 2023
Forecast Data	2026 – 2034
Base Year	2024
Estimate Year	2025
Report Coverage	Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors, etc.
Segments Covered	By Material Type (Silicon, Gallium Arsenide, Silicon Carbide, Indium Phosphide, Gallium Nitride, Sapphire, and Others), By Material Category (Wafer Fabrication Materials and Dielectric & Conductive Materials), By Technology Node (≤10 nm, 11–20 nm, 21–45 nm, and ≥46 nm), By Application (Integrated Circuits (ICs), Discrete Devices, Optoelectronics,                 Sensors, Power Electronics, and MEMS), By End-Use Industry (Consumer Electronics, Automotive, IT & Telecommunications, Healthcare, Industrial, Defense & Aerospace, and Others)
Regional Coverage	North America – US, Canada; Europe – Germany, UK, France, Russia, Spain, Italy, Benelux, Nordic, Rest of Europe; Asia-Pacific – China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, Rest of MEA
Prominent Players	TCS, Target, Salesforce, Nike, Nationwide, Klarna, J.P. Morgan, IBM, General Motors Co., Ford Motor Co., Flipkart, Citigroup, and Other Key Players
Purchase Options	We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days, and 5 analysts working days respectively.