The global semiconductor materials market increased from $64.994 billion in 2023 to $67.468 billion in 2024, reflecting a growth rate of 3.8 percent, according to SEMI.
Regionally, Taiwan remained the largest market, growing from $18.734 billion to $20.090 billion, an increase of $1.356 billion, or 7.2 percent. China followed with revenue rising from $12.779 billion to $13.458 billion, a gain of $679 million and a growth rate of 5.3 percent.
South Korea saw modest growth from $10.368 billion to $10.451 billion, up $83 million, or 0.8 percent. The “Rest of World” category rose from $6.545 billion to $7.039 billion, an increase of $494 million, or 7.5 percent, the highest growth rate among all regions.
In contrast, Japan’s market contracted, declining from $6.740 billion in 2023 to $6.524 billion in 2024, a drop of $216 million, representing a 3.2 percent decrease. North America experienced slight growth, moving from $5.529 billion to $5.539 billion, a $10 million increase, or 0.2 percent.
Europe’s market grew from $4.298 billion to $4.368 billion, an increase of $70 million, or 1.6 percent. Despite some regional variations, the overall market trend in 2024 was positive, driven by the recovery of the semiconductor sector and increased demand for advanced materials, according to SEMI’s Materials Market Data Subscription (MMDS) report.
The 3.8 percent growth in global semiconductor materials market was driven by the broader recovery of the semiconductor market and rising demand for advanced materials needed for high-performance computing and high-bandwidth memory manufacturing.
Wafer fabrication materials saw a 3.3 percent increase, reaching $42.9 billion, while packaging materials experienced even stronger growth, expanding 4.7 percent to $24.6 billion.
Segments such as chemical mechanical planarization (CMP), photoresist, and photoresist ancillaries posted robust double-digit gains, fueled by the greater complexity and increased number of processing steps necessary for producing advanced DRAM, 3D NAND flash, and leading-edge logic ICs.
While most semiconductor material categories recorded growth, silicon and silicon-on-insulator (SOI) were notable exceptions. Silicon revenues declined by 7.1 percent as demand, particularly in the trailing-edge segment, remained sluggish due to ongoing inventory corrections across the industry.
TelecomLead.com News Desk
