Silicon Wafers Market to Witness Massive Growth by 2032

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Silicon Wafers Market to Witness Massive Growth by 2032

Silicon wafers Market Insights: 

According to MRFR analysis, the global Silicon wafers market is expected to register a CAGR of ~4.1% from 2022 to 2030 and hold a value of over USD 15.24 Billion by 2030. 

Silicon wafers are thin slices of silicon crystals that are used as a base material for manufacturing electronic components such as integrated circuits, solar cells, and sensors. The global silicon wafers market size was valued at USD 8.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. The COVID-19 pandemic has impacted the global silicon wafers market due to supply chain disruptions, production shutdowns, and decreased demand for electronic devices. The pandemic has caused a slowdown in the growth of the semiconductor industry, which has affected the demand for silicon wafers. However, the market is expected to recover in the post-pandemic period due to the increasing demand for electronic devices in various sectors such as healthcare, communication, and entertainment. 

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Key Players:

  • Shin Etsu (JP)
  • Sumco (JP)
  • Siltronic (DE)
  • MEMC (US)
  • LG Siltron (KR)
  • SAS (TW)
  • Okmetic (FI)
  • Shenhe FTS (CN)
  • SST (CN)
  • JRH (CN)
  • MCL (CN)
  • GRITEK (CN)
  • Wafer Works (TW)
  • Zhonghuan Huanou (CN)
  • Simgui (CN),

are the notable vendors in the Silicon wafers market. 

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Silicon wafers Market Regional Analysis: 

The Asia Pacific region dominated the silicon wafers market in 2020 and is expected to continue its dominance during the forecast period. The region's growth is driven by the presence of major semiconductor manufacturers, such as Samsung Electronics, TSMC, and SK Hynix, in countries like South Korea, Taiwan, and China. North America and Europe are also significant regions for the silicon wafers market, owing to the presence of major semiconductor companies such as Intel, Micron Technology, and Infineon Technologies. 

Silicon wafers Market Segmentation: 

The Global Silicon wafers market has been segmented into Material, Type, Application and Wafer Size.

Based on Material: P-Type and N-Type

Based on Type: Epitaxial Wafers, Polished Wafers, SOI Wafers, Diffused Wafers and Annealed Wafers

Based on Application: Solar Cells, MEMS Fabrication, Integrated Circuits/Microchips and Photoelectric Cells

Based on Wafer Size: 300mm, 150mm, 200mm and 450mm 

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