Semiconductor Consumables Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Semiconductor Consumables Market Analysis

The Semiconductor Consumables Market size is estimated at USD 5.06 billion in 2024, and is expected to reach USD 8.07 billion by 2029, growing at a CAGR of 8.10% during the forecast period (2024-2029).

• Semiconductor consumables are materials or components used in semiconductors' manufacturing and testing processes. These consumables are essential for producing semiconductors and are often disposable or replaceable parts used in fabrication. They play a crucial role in ensuring the quality and efficiency of semiconductor production. Semiconductors are widely used in various industries, including computers, mobile phones, automotive technologies, and consumer electronics. The semiconductor industry is an essential part of the global economy and serves as an indicator of the economy's overall health. As the demand for semiconductors increases, the need for reliable and high-quality consumables becomes increasingly essential.
• Semiconductor consumables can include various materials and components employed in the manufacturing process. Some examples of semiconductor consumables are electrodes, focus rings, blades, gaskets, and other parts that need frequent replacement. These consumables are used with machinery and equipment to ensure efficient production of semiconductors.
• Technological advancements serve as a key driver for the semiconductor consumables industry. As the demand for faster, compact, and more efficient electronic devices increases, semiconductor manufacturers require advanced consumables to meet these evolving requirements. The development of new materials, novel fabrication techniques, and the integration of artificial intelligence and machine learning in semiconductor manufacturing processes are likely to offer lucrative opportunities for the growth of the market studied.
• Wet chemicals, including acids, hydroxides, and peroxides, are used for cleaning and etching substrate surfaces in the semiconductor industry. These processes are essential for the fabrication and wet stripping of semiconductors. The manufacturing process of semiconductors requires a clean environment, and wet chemicals play a crucial role in maintaining this cleanliness. Chemicals like hydrogen peroxide are used for long-term applications such as etching and cleaning integrated circuits (ICs).
• The establishment of new semiconductor manufacturing facilities also drives the demand for semiconductor consumables. As these facilities increase their production capacity, the demand for the studied market is expected to increase rapidly. For instance, in March 2024, the Union Cabinet of India approved INR 1.26 trillion (USD 15.07 billion) worth of investments in three semiconductor plants, including a Tata Group proposal to build the country’s first major chip fabrication facility at Dholera in Gujarat. The semiconductor fabrication unit in Dholera by Tata Electronics, in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan, would manufacture high-performance computing chips with 28 nm technology.
• The semiconductor consumables industry faces several market restraints that impact its growth and profitability. One major restraint is the high cost of raw materials used in the manufacturing of semiconductor consumables. This increases the overall production cost, making it difficult for companies to maintain competitive pricing. Additionally, the industry is highly dependent on the semiconductor market, which is subject to cyclical demand patterns and economic fluctuations. This volatility can lead to unpredictable demand for consumables, affecting revenue streams.
• Further, the conflict between Russia and Ukraine will significantly impact the semiconductor industry. The conflict has already exacerbated the semiconductor supply chain issues and the chip shortage that have affected the industry for some time. The disruption may result in volatile pricing for critical raw materials such as nickel, palladium, copper, titanium, and aluminum, resulting in material shortages. This, in turn, could impact the manufacturing of semiconductors.

Semiconductor Consumables Market Trends

The Wet Chemicals Segment is Expected to Drive the Market's Growth

Semiconductor Consumables Industry Segmentation

Semiconductor consumables are materials or components used in semiconductors' manufacturing and testing processes. These consumables are essential for producing semiconductors and are often disposable or replaceable parts used in the fabrication process. They play a crucial role in ensuring the quality and efficiency of semiconductor production.

The global semiconductor consumables market is segmented by product category (wet chemicals [acids, basis, associated mixtures, organics], wafer shipping containers, wafer processing [cassettes, FOUP, FOSB boxes, etc.], test consumables [probe card and sockets], and end effectors) and geography (North America, Taiwan, China, Korea, Japan, Europe, Southeast Asia, and Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.