USD 3.5 billion
Electronic Grade Silicon Market Size, Share, Growth Analysis, By Type(CZ Mono-crystalline & Multi-crystalline Silicon), By Purity(9N, 10N & 11N), By Grade(Prime, Test & Prime-epi), By Dopant(p-type & n-type), By Application(Micro-electronic circuit & Photovoltaics), By Region - Industry Forecast 2024-2031
Report ID:
SQSG20F2002 |
Region:
Global |
Published Date: July, 2001
Pages:
256
|Tables:
136
|Figures:
78
Electronic Grade Silicon Market Insights
Global Electronic Grade Silicon Market size was valued at USD 3.5 billion in 2019 and is poised to grow from USD 3.7 billion in 2023 to USD 6.15 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Silicon is a key component of most modern devices. From supercomputers to microwave ovens, a range of electronic gadgets are powered by this significant semiconductor material. When silicon is pure, it acts as aluminum. Microelectronic device substrates frequently use silicon wafers. They are integrated into or placed over the wafer. Despite the fact that there are various semiconductor materials on the market today, silicon is the most popular. Silicon is the chosen material for electronic devices for a variety of reasons. The Earth's crust's high concentration of silicon is perhaps the most viable reason. Extraction and purification techniques that are incredibly efficient can be used to get silicon. In addition to being readily available, silicon also makes a lovely, stable oxide, is rather robust, and is simple to work with. No matter how large or tiny the requirement, the abundance of silicon makes it possible to produce wafers in various shapes and sizes. Silicon is the ideal material for electronic equipment for such aforementioned factors. Hence, this is one of the prominent factors that drives the growth of the market globally.
US Electronic Grade Silicon Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
CZ Mono-crystalline
Fastest Growth
CZ Mono-crystalline
Growth Rate
5.8% CAGR
Global Electronic Grade Silicon Market 2021-2028 ($ Mn)
Country Share for Asia-Pacific Region- 2021 (%)
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Electronic Grade Silicon Market Segmental Analysis
The global electronic grade silicon market is segmented based on type, purity, grade, dopant, application, and region. Based on the type, the Electronic Grade Silicon Market is segmented into CZ Mono-crystalline & Multi-crystalline Silicon. Based on the purity, the Electronic Grade Silicon Market is segmented into 9N, 10N & 11N. Based on the grade, the Electronic Grade Silicon Market is segmented into prime, test & prime-epi. Based on the dopant, the Electronic Grade Silicon Market is segmented into p-type & n-type. Based on the application, the Electronic Grade Silicon Market is segmented into micro-electronic circuit & photovoltaics. Based on the region Electronic Grade Silicon Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Electronic Grade Silicon Market Analysis by Type
Based on the type, the market is segmented into CZ Mono-crystalline & Multi-crystalline Silicon. Among these, the CZ Mono-crystalline silicon segment is projected to hold the most substantial share in the market. The segmental growth of the market is attributed to the increased demand for CZ Mono-crystalline silicon across various industries. Manufacturers of semiconductors most frequently choose CZ mono-crystalline silicon. It is a single crystal that serves as the building block for creating integrated chips or other types of microelectronics. The Czochralski process, often known as CZ, is used to purify silicon to metallurgical grade. A greater share of more than 50.0% of the market for electronic grade silicon is held by CZ monocrystalline silicon, which is primarily utilized to make integrated chips and microelectronics. On the other hand, multi-crystalline silicon is mostly utilized to make the photovoltaics that go into making solar panels. The level of crystallinity connected to the silicon ingot is typically used to distinguish between these two forms of electric grade silicon. Hence, such aforementioned advantages of CZ Mono-crystalline silicon over any other types makes it an ideal material as well as contributes to the segmental growth of the market.
Global Electronic Grade Silicon Market By Type, 2021 (%)
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Electronic Grade Silicon Market Regional Insights
In 2021, Asia-Pacific is expected to have the biggest market share of 42.0%. Taiwan, China, Japan and India are among the top countries that holds a significant share in the industry attributing to the presence of well-established semiconductors industry in these countries. The semiconductor industry has centralized in East Asia. East Asian nations dominate the foundry industry and account for more than 70% of all global semiconductor exports. More than 60% of the revenue for foundries worldwide is held by Taiwan Semiconductor Manufacturing Company and its contract manufacturing businesses. The business manufactures integrated chips and is among the biggest consumers of silicon of the electronic grade. The supply of integrated chips for makers of electronic devices around the world is reliant on TSMC. East Asian nations are growing their economy globally as a result of the massive manufacture and export of integrated chips. This, thus contributes to the regional growth of the market.
Global Electronic Grade Silicon Market By Geography, 2021 - 2028
- Largest
- Fastest
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Electronic Grade Silicon Market Dynamics
Electronic Grade Silicon Market Driver
- The growth of the global electronic grade silicon market is attributed to the semiconductor industry's high need for electronic grade silicon. Microelectronics and integrated circuits use almost 80% of silicon that is electronic grade which creates a huge demand for the material which in turn contributes to the growth of the market.
- A very pure version of silicon called electronic grade silicon (EGS) is created by processing metallurgical silicon. The production of semiconductors for use in computers and other electrical devices makes substantial use of this type of silicon. The semiconductor industry has seen a sharp increase in demand for high purity electronic grade silicon as the world moves faster and faster toward digitalization. Electronic grade silicon serves as the conductive substance of semiconductor chips, which are the building blocks of all electrical and electronic devices. Semiconductor-grade silicon is distinct from other types of silicon due to its conductivity. Electronic grade silicon producers are focused on meeting a high demand from chip manufacturers as a result of the semiconductor industry's growing need for chips. The sector is expanding quickly, and as technologies advance, the need for silicon of the electronic grade is expected to increase.
Electronic Grade Silicon Market Restraint
- Despite numerous benefits of electronic grade silicon that drives the market forward, there are some factors that hinders the growth of the market. Some of the major aspects that hinders the market growth are the costs associated with the manufacturing of electronic grade silicon, shorter life cycles, and the use and production of toxic substances during the manufacturing of electronic grade silicon. These aforementioned factors are likely to hinder the growth of the market.
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Electronic Grade Silicon Market Competitive Landscape
The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Electronic Grade Silicon Market Top Company Profiles
- Wacker Chemie AG
- Shin-Etsu Chemical Co. Ltd.
- Dow Corning Corporation (a subsidiary of Dow Chemical Company)
- Momentive Performance Materials Inc.
- Hemlock Semiconductor Group (a subsidiary of Dow Corning Corporation)
- SUMCO Corporation
- MEMC Electronic Materials Inc.
- LG Siltron Inc.
- Siltronic AG
- Okmetic Oyj
- Renesas Electronics Corporation
- Wafer World Inc.
- GlobalWafers Co., Ltd.
- SK Siltron Co., Ltd.
- SunEdison Semiconductor Limited
- Tianjin Zhonghuan Semiconductor Co., Ltd.
- Advantech Co., Ltd.
- PVA TePla AG
- Mitsubishi Materials Corporation
- LDK Solar Co., Ltd.
Electronic Grade Silicon Market Recent Developments
- In July 2022, a manufacturer of electronic grade silicon GCL Technology announced to upscale its production capacity to 100,000 tons of granular silicon Fab in Leshan.
- In June 2022, Global Wafers, a Taiwan-based company planned to build a 300mm-silicon wafer factory in the US to address the global chip shortage issue and ongoing geopolitical concerns.
Electronic Grade Silicon Key Market Trends
- The expansion of the Electronic Grade Silicon market was aided by the growing demand for semiconductors from IT, telecommunications, & electronics industry. The electrical and electronics industry has a high demand for semiconductors. Additionally, the market for digital appliances is expanding tremendously, and due to customer demands, the industries of computing, electronics, and telecommunications are always undergoing technical advancements. Furthermore, there is a huge demand for storage devices due to the proliferation of Big Data and automation in almost every business. All of these products need integrated chips with EGS to function properly which supports the market growth.
- Additionally, the market is being driven by customer propensity for technology, and ongoing advancements are paving the path for technological change. Only by increasing the production of electronic grade silicon, which is further needed for the creation of integrated circuits and microelectronics, can this change be made. Due to the increasing demand for electronic devices, more silicon of the appropriate grade must be produced. Additionally, it gives manufacturers the chance to raise their investments in production expansion in order to keep up with the rising demand.
Electronic Grade Silicon Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global electronic grade silicon market is segmented based on type, purity, grade, dopant, application, and region. Among the type, the CZ Mono-crystalline silicon segment is projected to hold the most substantial share in the market. Among the application, the micro-electric circuits segment is projected to hold the most substantial share in the market. Whereas, based on the region, the Asia-Pacific is expected to have the biggest market share.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.5 billion |
| Market size value in 2031 | USD 6.15 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronic Grade Silicon Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronic Grade Silicon Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronic Grade Silicon Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronic Grade Silicon Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronic Grade Silicon Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronic Grade Silicon Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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