Global semiconductor materials market revenue to reach another record high by 2022

The market research firm pointed out in its latest report that the global semiconductor materials market will grow at an annual rate of 8.9% in 2022, with revenues reaching US$72.7 billion, surpassing the record high of US$66.8 billion set in 2021...
International electronic business intelligence 19 hearing SEMI International Semiconductor Industry Association announced the latest "Semiconductor Materials Market Report" (Materials Market Data Subscription, MMDS) pointed out that in 2022 the global semiconductor materials market annual growth rate of 8.9%, revenue reached $ 72.7 billion, surpassing the 2021 record of $ 66.8 billion market record.
Wafer fabrication materials and packaging materials revenue will reach US$44.7 billion and US$28 billion respectively in 2022, representing growth of 10.5% and 6.3%. Silicon, electronic gases and photomask are the most robust growth segments in the wafer fabrication materials market. In addition, the organic substrate segment contributed significantly to the growth of the packaging materials market.
By region, Taiwan, China, with its large-scale foundry capabilities and advanced packaging base, became the world's largest consumer market for semiconductor materials for the 13th consecutive year, with a total value of US$20.1 billion. Mainland China maintained its impressive annual growth rate, ranking 2nd in 2022, while South Korea ranked as the 3rd largest consumer of semiconductor materials. In addition, most regions achieved high single-digit or double-digit growth rates last year.