MILPITAS, Calif., May 6, 2024 /PRNewswire/ -- Global semiconductor
materials market revenue in 2023 contracted 8.2% to $66.7 billion from the market record of
$72.7 billion set in 2022, SEMI,
the global industry association representing the electronics
manufacturing and design supply chain, reported today in its
Materials Market Data Subscription (MMDS).
Wafer fabrication materials revenue declined 7.0% to
$41.5 billion in 2023, while
packaging materials revenue fell 10.1% to $25.2 billion last year. The
silicon, photoresist ancillaries, wet chemicals, and chemical
mechanical planarization (CMP) segments logged the biggest
contractions in the wafer fabrication materials market. The organic
substrates segment accounted for much of the packaging materials
market contraction.
Demand for semiconductors softened in 2023 as the industry
worked to reduce excess inventory, leading to lower fab utilization
rates and, consequently, a drop in materials consumption.
Taiwan, at $19.2 billion in revenue, was the world's largest
consumer of semiconductor materials for the 14th consecutive year.
China, at $13.1 billion in revenue, continued to register
year-over-year growth, ranking second in 2023, while Korea remained
the third largest consumer with $10.6
billion in revenue. All regions except China posted high single- or double-digit
declines in 2023.
Region
|
|
2023
|
|
2022
|
|
YoY %
Growth
|
Taiwan
|
|
$19,176
|
|
$20,129
|
|
-4.7 %
|
China
|
|
$13,085
|
|
$12,970
|
|
0.9 %
|
South Korea
|
|
$10,575
|
|
$12,901
|
|
-18.0 %
|
Rest of
World
|
|
$7,177
|
|
$8,627
|
|
-16.8 %
|
Japan
|
|
$6,828
|
|
$7,205
|
|
-5.2 %
|
North
America
|
|
$5,561
|
|
$6,278
|
|
-11.4 %
|
Europe
|
|
$4,319
|
|
$4,580
|
|
-5.7 %
|
Total
|
|
$66,721
|
|
$72,691
|
|
-8 %
|
|
|
|
|
|
|
|
Source: SEMI
Materials Market Data Subscription (MMDS), May 2024
|
Note: Summed subtotals may not equal the total due to
rounding.
Rest of the World includes Singapore, Malaysia, the
Philippines, other areas of Southeast Asia, and smaller global
markets.
The Materials Market Data Subscription from SEMI provides annual
revenue with 10 years of historical data and a two-year forecast.
The annual subscription includes quarterly updates for the
materials segment and reports revenue for seven market regions
(North America, Europe, Japan, Taiwan, South
Korea, China and Rest of
World). The report also features detailed historical data for
silicon shipments and revenues for photoresist, photoresist
ancillaries, process gases and lead frames.
For more information about the report or to subscribe, please
contact the SEMI Market Intelligence Team
at mktstats@semi.org. More details are also available on the
SEMI Market Data webpage.
Download a sample of the MMDS report.
About SEMI
SEMI® is the global industry association
connecting over 3,000 member companies and 1.5 million
professionals worldwide across the semiconductor and electronics
design and manufacturing supply chain. We accelerate member
collaboration on solutions to top industry challenges through
Advocacy, Workforce Development, Sustainability, Supply Chain
Management and other programs. Our
SEMICON® expositions and events, technology
communities, standards and market intelligence help advance our
members' business growth and innovations in design, devices,
equipment, materials, services and software, enabling smarter,
faster, more secure electronics. Visit www.semi.org, contact a
regional office, and connect with SEMI
on LinkedIn and X to learn more.
Association Contact
Michael Hall/SEMI
Phone: 1.408.943.7988
Email: mhall@semi.org
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