Global Silicon Wafer Reclaim Market Overview
The Silicon Wafer Reclaim market was valued at USD 559.4 MN in 2019 and is predicted to grow at a CAGR of more than 13% during the forecast period. In terms of volume, the market is expected to grow with a CAGR of 10% between 2020 and 2026 and is assumed to reach 1200 MN Units by 2026. Electronically, a wafer refers to a thin slice of semiconductor, also called a slice or substrate. The market is mainly driven by technological advancement in reclaimed products and the rising substitution of the high-cost virgin, and test wafer with the low cost reclaimed ones because cost-cutting measures accepted by the semiconductor sector is likely to drive the market growth during the forecast period.
The global market is distinguished by fluctuating year-on-year growth rates due to changes in the reclaiming technology coupled with unstable in the economies of reclaim service providers such as China and Japan. The market is also driven by the increasing demand for electronic goods such as tablets, laptops, and smartphones. Further, the industry is expected to benefits from the substantial increase in solar panel installation, especially in the U.S., China, and Mexico, which is likely to account for the rising demand for the product in the regions.
Continuous innovation in the digital and electronic world is also in favour of the silicon wafer demand. Demand for consumer electronics is on the rise, which represents the output of rising disposable income. Higher spending on the technologically advanced product, especially by the tech-savvy population, propels the market growth. Further, the bright future of the electronics industry due to the rising adoption of automation and Artificial Intelligence (AI) across varied end-user industries is anticipated to boost the operational efficiency under the study period. However, the complex recycling process is the only factor that hampers the market growth.
The market is highly fragmented, and key players are focusing on expansion. Key players include silicon Quest International, Nano Silicon Inc., Rockwood Wafer Reclaim, WRS Materials, Silicon Materials Inc., Silicon Valley Microelectronics, Noel Technologies, Pure Wafer PLC, R S Technologies, Nova Electronic Materials, DSK Technologies, PTE Ltd., and Phoenix Silicon International Corporation.
In this market research report, the market is segmented by product, application and region.
Analysis by Product
The market is segmented into 150 mm, 200 mm, 300 mm, and others based on the product. 300 mm is dominating the segment accounting for more than 60% of the revenue in 2019 owing to rising demand from the solar energy industry. Further, the cost benefits related to reclaiming the 300 mm are likely to propel the growth during the forecast period.
The 200 mm reclaimed wafer placed at second position accounted for more than 20% market share in terms of revenue in 2019. This can be attributed to technological advancement, which leads to a reduction in the cost, resulting in the growth of the demand to use in optoelectronic devices and MEMS circuits. In addition to this, increasing investments by the major players to ease the manufacturing process is anticipated to boost market growth during the forecast period.
Analysis by Application
The market has been classified into integrated circuits, solar cells, and others, based on application. The solar panel segment accounted for a revenue of more than USD 350 MN in 2019 due to the growing adoption of solar energy across the globe, especially in the Asia Pacific and North America regions. Reclaimed wafers don’t change the result, such as efficiency leads to rising adoption of the product by the solar energy sector.
Further, the integrated circuit application is likely to grow at a substantial rate during the forecast period due to the rising investment of the semiconductor sector for reclaiming the product, reducing the cost of manufacturing of the integrated circuit is driving the market during the forecast period.
Analysis by Region
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific dominating the market in 2019, accounting for more than 70% of the market revenue share. The region is likely to experience significant growth owing to a robust developing electronic industry in India, China, South Korea, and Taiwan. Rising disposable income and the growing population have resulted in increasing demand for electronic and alternative renewable energy sources, which will propel industry growth. Further, due to technological advancement coupled with low labor costs in China and India, it is projected to drive the market growth during the forecast period.
In North America, the market is exhibiting a significant growth rate owing to the rising installation of solar panels in the countries such as the U.S., Canada, and Mexico due to the increasing adoption of eco-friendly solar energy in the region. Also, the rising demand for electronic devices such as smartphones and tablets is likely to influence this region positively.
Market Segmentation covered in the Report:
- 150 mm
- 200 mm
- 300 mm
- Integrated circuits
- Solar cells
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.