Semiconductor and IC Packaging Materials are used to safeguard the semiconductors from damage and increase its life span. The report presented by Market Research Future (MRFR) asserts that the global Semiconductor Material Market is set to strike 5% CAGR over the assessment period 2017 to 2023.

Segmentation

The segments of the global [FURL=https://www.marketresearchfuture.com/reports/semiconductor-packaging-material-market-1217]Semiconductor and IC Packaging Materials Market[/FURL] based on type, identified in this report are organic substrates, encapsulation resins, bonding wires, ceramic packages, wafer level packaging dielectrics, solder balls, and others. Among these, the organic substrates segment is likely to hold the dominant share of the global market over the next couple of years. These materials form the base layer of semiconductors and support the addition of other layers. Thus, it is expected to witness substantial demand across the valuation period.

By technology, the segmental analysis of the Semiconductor Material Market covers - grid array, small outline package, quad flat package, dual flat no-leads, dual in-line package, and others. Among these, the grid array segment is held the maximum share of the market in 2016. It is anticipated to register a relatively higher CAGR through the assessment period. It exhibits a wide range of application across the semiconductor industry, which is likely to drive the proliferation of the segment in the forthcoming years.

Regional Analysis

The regional assessment of the global Semiconductor Material Market identified four key regions, viz. North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). Asia Pacific is anticipated to lead the expansion of the global market over the next couple of years. Increasing demand from the electrical & electronics industry is anticipated to facilitate the growth of the Semiconductor Material Market in the nearby future. Rapid technological developments being adopted in the region is also prognosticated to open growth avenues for market players over the next couple of years.

Competitive Dashboard

Henkel AG & Company, KGaA (Germany)

Sumitomo Chemical Co., Ltd. (Japan)

Hitachi Chemical Company, Ltd. (Japan)

Kyocera Chemical Corporation (Japan)

BASF SE (Germany)

LG Chem (South Korea)

Tanaka Kikinzoku Group (Japan)

Honeywell International Inc. (U.S.)

Toppan Printing Co., Ltd. (Japan)

Alpha Advanced Materials (U.S.)

Industry News

In June 2019, Japan has imposed regulations controlling the export of the key semiconductor materials.

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