USD 3.5 billion
Report ID: SQSG20F2002 | Region: Global | Published Date: September, 2022 | Pages: 256 | Tables: 136 | Figures: 78
Global Electronic Grade Silicon Market size was valued at USD 3.5 billion in 2021 and is poised to grow from USD 3.7 billion in 2022 to USD 6.15 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
Silicon is a key component of most modern devices. From supercomputers to microwave ovens, a range of electronic gadgets are powered by this significant semiconductor material. When silicon is pure, it acts as aluminum. Microelectronic device substrates frequently use silicon wafers. They are integrated into or placed over the wafer. Despite the fact that there are various semiconductor materials on the market today, silicon is the most popular. Silicon is the chosen material for electronic devices for a variety of reasons. The Earth's crust's high concentration of silicon is perhaps the most viable reason. Extraction and purification techniques that are incredibly efficient can be used to get silicon. In addition to being readily available, silicon also makes a lovely, stable oxide, is rather robust, and is simple to work with. No matter how large or tiny the requirement, the abundance of silicon makes it possible to produce wafers in various shapes and sizes. Silicon is the ideal material for electronic equipment for such aforementioned factors. Hence, this is one of the prominent factors that drives the growth of the market globally.
US Electronic Grade Silicon Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.5 billion
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The global electronic grade silicon market is segmented based on type, purity, grade, dopant, application, and region. Based on the type, the Electronic Grade Silicon Market is segmented into CZ Mono-crystalline & Multi-crystalline Silicon. Based on the purity, the Electronic Grade Silicon Market is segmented into 9N, 10N & 11N. Based on the grade, the Electronic Grade Silicon Market is segmented into prime, test & prime-epi. Based on the dopant, the Electronic Grade Silicon Market is segmented into p-type & n-type. Based on the application, the Electronic Grade Silicon Market is segmented into micro-electronic circuit & photovoltaics. Based on the region Electronic Grade Silicon Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Electronic Grade Silicon Market Analysis by Type
Based on the type, the market is segmented into CZ Mono-crystalline & Multi-crystalline Silicon. Among these, the CZ Mono-crystalline silicon segment is projected to hold the most substantial share in the market. The segmental growth of the market is attributed to the increased demand for CZ Mono-crystalline silicon across various industries. Manufacturers of semiconductors most frequently choose CZ mono-crystalline silicon. It is a single crystal that serves as the building block for creating integrated chips or other types of microelectronics. The Czochralski process, often known as CZ, is used to purify silicon to metallurgical grade. A greater share of more than 50.0% of the market for electronic grade silicon is held by CZ monocrystalline silicon, which is primarily utilized to make integrated chips and microelectronics. On the other hand, multi-crystalline silicon is mostly utilized to make the photovoltaics that go into making solar panels. The level of crystallinity connected to the silicon ingot is typically used to distinguish between these two forms of electric grade silicon. Hence, such aforementioned advantages of CZ Mono-crystalline silicon over any other types makes it an ideal material as well as contributes to the segmental growth of the market.
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In 2021, Asia-Pacific is expected to have the biggest market share of 42.0%. Taiwan, China, Japan and India are among the top countries that holds a significant share in the industry attributing to the presence of well-established semiconductors industry in these countries. The semiconductor industry has centralized in East Asia. East Asian nations dominate the foundry industry and account for more than 70% of all global semiconductor exports. More than 60% of the revenue for foundries worldwide is held by Taiwan Semiconductor Manufacturing Company and its contract manufacturing businesses. The business manufactures integrated chips and is among the biggest consumers of silicon of the electronic grade. The supply of integrated chips for makers of electronic devices around the world is reliant on TSMC. East Asian nations are growing their economy globally as a result of the massive manufacture and export of integrated chips. This, thus contributes to the regional growth of the market.
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Electronic Grade Silicon Market Driver
Electronic Grade Silicon Market Restraint
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The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Electronic Grade Silicon Market Top Company Profiles
Electronic Grade Silicon Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global electronic grade silicon market is segmented based on type, purity, grade, dopant, application, and region. Among the type, the CZ Mono-crystalline silicon segment is projected to hold the most substantial share in the market. Among the application, the micro-electric circuits segment is projected to hold the most substantial share in the market. Whereas, based on the region, the Asia-Pacific is expected to have the biggest market share.
|Market size value in 2021||USD 3.5 billion|
|Market size value in 2030||USD 3.7 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Electronic Grade Silicon Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electronic Grade Silicon Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electronic Grade Silicon Market:
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