The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Semiconductor Seals Market.
It was estimated prior to this unanticipated outbreak that the Semiconductor Seals Market will reach an estimated value of US$ 897.2 million in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Semiconductor Seals Market Share Analysis
Semiconductor Seals Market Share by Application Type
Based on the application type, the market is segmented into cleaning/etching, CVD, ALD, PVD, oxidation, diffusion, and others. Cleaning/etching is estimated to remain the largest segment of the market during the forecast period. Rising demand for more efficient cleaning technologies for the development of efficient and effective semiconductors along with growth in the demand for cleaning/etching equipment owing to increasing demand for small devices such as smartphones, laptops and other consumer goods is driving the segment’s market. CVD application is estimated to be the fastest-growing segment during the forecast period. Increasing investment towards the development of thin-film solar photovoltaics and a surge in the demand for semiconductor lasers are driving the growth of CVD applications.
Semiconductor Seals Market Share by Material Type
Based on material type, the market is segmented into FKM, FFKM, fluorosilicone, and others. FFKM is expected to remain the dominant and fastest-growing sealing material type during the forecast period. Increasing demand for high-performance seals in the wake of rising wafer size will continue to propel the demand for FFKM seals. FFKM is one of the most expensive elastomers, which founds usage in gaskets and o-rings as they can sustain harsh environments and high operating temperatures.
Semiconductor Seals Market Share by Product Type
Based on the product type, the market is segmented into o-rings, lip/bonded seals, gaskets, and others. O-ring is expected to remain the dominant product type during the forecast period, propelled by high usage of o-rings in the semiconductor manufacturing process. O-rings can be used in both static and dynamic applications where there is relative motion between the parts and O-ring. O-rings are required to sustain some of the harshest operating environments during the semiconductor production process, such as high heat, aggressive plasma, hot wet chemicals and amines, and remote NF3 cleans. These factors have led to an increased usage of FKM, FFKM, and fluorosilicone materials in the manufacturing of o-rings.
In terms of region, Asia-Pacific is projected to remain the largest and fastest-growing market for semiconductor seals during the forecast period. Asia-Pacific is the manufacturing capital of the electrical & electronics industry, driven by many factors including low-cost manufacturing advantage, availability of raw materials, developed supply chain, and huge indigenous demand. Over the years, there has been a manufacturing shift in the electronics industry from the developed markets to Asia-Pacific.
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