According to the recent study the semiconductor material market is projected to reach an estimated $88.8 billion by 2028 from $65.2 billion in 2023, at a CAGR of 6.4% from 2023 to 2028. Growth in this market is primarily driven by increasing advancements in the semiconductor industry and the growing requirements for advanced semiconductor products.

A more than 150 – page report is developed to understand trends, opportunities and forecast in semiconductor material market by material type (fab materials and packaging materials), end use industry (consumer electronics, telecommunication, manufacturing, automotive, energy & utility, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Packaging material market is expected to remain the largest segment during the forecast period.”

Based on material type, the semiconductor material market is segmented into fab materials and packaging materials. Lucintel forecasts that the packaging material market is expected to remain the largest segment due to its extensive usage in the space, aircraft, and aerospace industries.

“Within the semiconductor material market, the consumer electronics segment is expected to remain the largest material type”

Based on material type the consumer electronics segment is expected to witness the highest growth over the forecast period due to the increasing number of smartphones, tablets, and other hand-held devices.

“Asia pacific will dominate the semiconductor material market in near future”

Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period due to growth of the semiconductor industry.

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Major players of semiconductor material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. LG Chem, Kyocera, Hitachi Chemical, BASF, Indium Corp, and Henkel are among the major semiconductor material providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/semiconductor-material-market.aspx  or helpdesk@lucintel.com