Study Predicts the CAGR of Global Semiconductor Fabrication Material Market
DUBLIN, OH: Nowadays, the advanced semiconductor technologies use mono-crystalline silicon with precise uniform chemical characteristics. This technology leads to the in-house production of materials like Photomasks. The growth of the overall semiconductor industry has scaled up with increase in the number of fabless companies and the sizeable use of semiconductor devices in automobiles.
It is a challenging task to minimize the risk of environmental and occupational health hazards when dealing with the materials like photoresist. In spite of these challenges, the innovative solutions provided by local vendors at a low price will lead to competing price wars in the field.
According to Global Semiconductor Fabrication Material Market 2016-2020 report, the market has the potential to grow steadily at a Compound Annual Growth Rate (CAGR) of around 40% during the forecast period. The report also notes about the growth in the electronic device industry and the semiconductor Integrated Circuits (ICs) market. The need of electronic devices and large panel displays with ICs and Printed Circuit Board (PCB) has brought high demand for semiconductor fabrication materials like photoresist and photoresist ancillaries. The report also talks about vendors like BASF, Dow, DuPont, Henkel, and Hitachi.
With miniaturization, the heat and stress resistance properties of fabrication materials can be improved. The use of tiny mechanical, optical and electronic products and devices and the emergence of advanced systems like MEMS, Nano-Electro-Mechanical Systems (NEMS), and 3D stacked ICs insist for finger patterning in semiconductors. In addition to these technologies, the use of IoT, M2M, UHD TVs, hybrid laptops, and vehicle automation will act as an aid for further developments in semiconductor industry.