Silicon Wafer Reclaim Market Trends to Experience Exponential Growth as Smartphone and Laptop Ownership Rises Significantly
In the 21st century, a silicon wafer is a regular lexicon. However, if you are a computer or smartphone owner, then it indicates that you are certainly taking advantage of it.
Silicon wafer is an important component of integrated circuits. Silicon one of the abundantly found element on the planet Earth. It is highly popular due to its semiconductor properties, hence widely used in the consumer electronic sector. Horizontal gradient freeze method, the vertical bridgeman method, the horizontal bridgeman method, the vertical gradient freeze, and Czochralski pulling method are methods of silicon fabrication. The intentional addition of dopants can upend silicon purity, thereby preparing it to cater to the intended purpose. These dopants are impurities that alter electrical properties of silicon. Some generally used dopants are boron, nitrogen, aluminum, indium, and gallium. Thus, silicon in integrated circuits serves the required purpose of the incorporated electronics arrangement. A silicon wafer has a thin slice of the semiconductor material, silicon, and serve as the substrate for the fabrication of microelectronic devices.
The primary use of silicon wafer is in the production of integrated circuits that can different gadgets that the modern society uses on regular basis. Laptops, PC, and smartphones are just some of those silicon wafer technology dependent products. Tested overtime, silicon has proved to be the most stable option in semiconductors. Sensors in solar cells and tire pressure sensor systems are other application of silicon wafers that can extensively absorb sunlight photons to generate electricity. A plethora of application of silicon wafer is also making its consumers rethink silicon wafer usage. As customer are making smart decision, the silicon wafer reclaims are observed to surge, as they meet required utility standards.
Market Research Future (MRFR), a booming market research firm, in its latest “Global Silicon Wafer Reclaim Market” report, throws light on key drivers and potential threats of the market. An elaborate study on impact of key players on the market is also mentioned in the report. MRFR findings reveal that the worldwide silicon wafer reclaims market is expected to thrive at 16.55 percent CAGR across the assessment period. In 2018, MRFR recorded the market at a valuation of USD 502.50 million. By 2024, the silicon wafer market is expected to touch USD 1,254.04 million. The silicon wafer reclaim market 2020 expansion can be attributed to the high cost of virgin wafers, rise in the demand of low-cost but effective consumer electronics, and disruptive technologies. On the other hand, lack of cognizance regarding reclaim services and the introduction of new semiconductor suitable and stable material for manufacturing are factors that can hinder the expansion of the silicon wafer reclaim market in the near future.
Regional Analysis
The global silicon wafer reclaim market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific, followed by Europe, is expected to be the largest market in the forecast period owing to the rapidly developing electronic industries in China, Thailand, India, South Korea, and Taiwan. Also, the rising demand for consumer electronics and shift towards alternative renewable source of energy are expected to further drive the growth of the silicon wafer reclaim market. However, the market in North America is expected to register a significant CAGR during the forecast period.
Key Players
The prominent players in the global silicon wafer reclaim industry are DSK Technologies Pte Ltd (Singapore), Global Silicon Technologies, Inc. (US), MicroTech Systems, Inc. (US), NanoSILICON, Inc. (US), Noel Technologies, Inc. (US), Optim Wafer Services (France), Phoenix Silicon International Corporation (Taiwan), Shinryo Corporation (Japan), Silicon Materials, Inc. (US), Silicon Valley Microelectronics, Inc. (US),Rockwood Wafer Reclaim (France), Silicon Quest International (US), Kemi Silicon Inc. (US), Nova Electronic Materials (US), and WRS Materials.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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