The Global Semiconductor Glass Wafer Market is expected to exhibit strong growth, reaching USD 395.5 billion by 2030. As per the report titled "Semiconductor glass wafer Market Size, Share & COVID-19 Impact Analysis, By Type (Borosilicate Glass, Quartz and Fused Silica), By Application (Consumer Electronics, Automotive, Industrial and Aerospace and Defense), and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 246.5 billion and USD 395.5 billion in 2030. The market is expected to exhibit a CAGR of 8.20% during the forecast period.

A Business Division Of Shin-Core Etsu Would Be Raised In Japan, According To A Statement From Shin-Etsu Chemical Co Ltd

In April 2022, Shin-Etsu Chemical Co. Ltd announced that one of Shin-core Etsu's business areas would be raised in Japan and throughout the world, and that the prices of all of its silicone products would go up by 10%. As a result, there has been a continuing rise in prices. Additionally, transportation costs go up while purchasing raw materials and distributing finished goods.

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The Introduction Of Advanced And Compact Consumer Electronic Devices Will Drive Market Growth

One of the major trends in the semiconductor glass wafer industry that is boosting market expansion is the emergence of high-tech, small-sized consumer electronics. Whether it is communication equipment, automobiles, industrial manufacturing, or medical equipment, the demand for tiny electronic devices has increased across almost all industries. Micro-electro-mechanical systems (MEMS) and 3D chip packaging are the results of this trend's pressure on semiconductor IC producers to spend more on research and development in order to shrink the size and enhance the performance of ICs. As interconnects and transistors have increased over the years, ICs have become denser without needing more room for finer deposition and patterning. Engineers and designers are continuously creating innovative and cutting-edge approaches to manage more circuitry within the same chip at the same cost in order to keep up with the rising level of integration. These elements are accelerating the market expansion for semiconductor glass wafers.

 Manufacturing Constraints And Human Error-Related Inaccuracies Have The Potential To Restrain Market Expansion

Limitations in the production process are the main obstacle facing the semiconductor glass wafer market. For a semiconductor set to operate well, manufacturing must be done with accuracy and precision. Human mistake, however, can reduce precision and have an effect on the glass wafer market. Furthermore, the task can be carried out by robots, removing the possibility of human error. However, the high cost of these robots may prevent their widespread use. Furthermore, semiconductor glass wafers can be closely replaced by silicon and metals. Silicon is more widely available and hence more affordable, thereby limiting the market's potential.

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Major Players Develop Acquisition Plans to Boost Brand Image

The leading businesses in the semiconductor glass wafer market plan acquisitions to improve their brand recognition globally. For instance, in March 2022, the 300 mm wafer manufacturing facilities of SK Siltron Co., which are situated in Gumi National Industrial Complex 3, will be expanded with an investment of won 1.05 trillion over the following three years, the company revealed. The business will start expanding in 2022 and roll out mass manufacturing in 2024.

 Recent development:

June 2022: To produce 300-millimeter silicon wafers used in semiconductors, Taiwan's GlobalWafers Co Ltd. announced plans to invest USD 5 billion in a new plant in Texas. GlobalWafers is utilising the recent geopolitical unrest and the worldwide chip scarcity to talk about the resilience of the American semiconductor industry.

List of Key Players Profiled in the Report

·         Asahi Glass

·         Corning

·         Plan Optik

·         SCHOTT

·         Shin Etsu

·         Sumco

·         MEMC

·         LG Siltron

·         SAS

·         Okmetic

·         Shenhe FTS

·         SST

·         JRH

·         Siltronic

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Further Report Findings

·         The market in the Asia Pacific is expected to gain a huge portion of the global semiconductor glass wafer market share in the coming years. This is primarily due to the fact that Asia Pacific is a significant hub for many OEM producers and contains potential economies like China and India, which are the driving factors behind accelerated corporate expansion.

·         The growth of the semiconductor glass wafer market in APAC will be aided throughout the course of the forecast period by an increase in safety requirements.

·         In the North America, the growth in this region is primarily driven by modern infrastructure and accelerated technological adoption.

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