Silicon Wafer Reclaim Market to Touch USD 4.58 Billion at 17.2% CAGR by 2032
Research Reports
Oct 11, 2023
Silicon Wafer Reclaim Market Analysis
The global Silicon Wafer Reclaim Market will touch USD 4.58 billion at a 17.2% CAGR by 2032, as per the recent Market Research Future report.
Drivers
Preference over Conventional Wafers to Boost Market Growth
The preference for silicon wafer reclaim over conventional wafers will boost market growth over the forecast period. As opposed to conventional wafers, the silicon wafers have a thinner size, are pocket-friendly because these can be repurposed, and also offer better performance, thus its growing need.
Opportunities
Increasing Use of Solar Cells to offer Robust Opportunities
The increasing use of solar cells to power telescopes, satellites, and space vehicles will offer lucrative opportunities for the silicon wafer reclaim market over the forecast period. Also the heightened need for the solar cells for favorable government policies as well as increasing need for energy from different end use industries again is adding to the segment’s growth.
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Key Players
Eminent market players profiled in the global silicon wafer reclaim market report include
- Nova Electronic Materials (US),
- Kemi Silicon Inc. (US),
- Silicon Quest International (US),
- Rockwood Wafer Reclaim (France),
- Silicon Valley Microelectronics Inc. (US),
- Silicon Materials Inc. (US),
- Shinryo Corporation (Japan) Phoenix Silicon International Corporation (Taiwan), and
- Optim Wafer Services (France).
Restraints and Challenges
Complex Manufacturing Procedure to Remain Market Restraint
The complex manufacturing process of silicon wafer reclaims coupled with the lack of awareness about reclaim services especially in developing economies may act as market restraints over the forecast period.
Market Segmentation
The global silicon wafer reclaim market is bifurcated based on application and wafer diameter.
By wafer diameter, 300 MM will lead the market over the forecast period.
By application, solar cells will domineer the market over the forecast period.
COVID-19 Analysis
Numerous sectors have suffered because of the new coronavirus’ extensive distribution. Following the closure of manufacturing facilities & the poor rate of production, it has severely hurt the semiconductor industry. Not only has the industrial industry been impacted by the development of this extremely contagious disease, but also consumer need for semiconductors & related products. The fact that the semiconductor gadgets are regarded as non-essential items is the cause of this decreased demand. As a result, the silicon wafer reclaim market’s market share has decreased dramatically.
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Regional Analysis
North America to Command Silicon Wafer Reclaim Market
Due to an increase in emerging sophisticated technologies, a rising demand for low-cost silicon wafers in the semiconductor industry, and the presence of well-established manufacturers, the North American market for Silicon Wafer Reclaim will domineer this market in the anticipated timeframe. Other major causes include the sharp increase in solar panel installations especially in countries like Mexico, the United States, and Canada as a result of widespread use of environmentally friendly solar energy.
Europe to Have Admirable Growth in Silicon Wafer Reclaim Market
Europe will have admirable growth in the market over the forecast period for the expanded penetration of several key factors & the expanding quantity of the solar panel deployments. Germany will grab the utmost market share while that in the UK had been the fastest growing within the region.
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