What is the global market size of Electronic Grade Silicon Market?

Global Electronic Grade Silicon Market size was valued at USD 3.5 billion in 2021 and is poised to grow from USD 3.7 billion in 2022 to USD 6.15 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

Electronic Grade Silicon Companies

Q: What is the key driver of Global Electronic Grade Silicon Market?

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.

Electronic Grade Silicon Market Competitive Landscape

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

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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).

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. '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.'

The growth of the 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.

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.

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 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.

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