Thursday, August 24, 2023

Global Semiconductor Market Trends & Electronic Gases: USA, China, Europe, and Beyond

The semiconductor industry is poised to surge into a trillion-dollar arena by 2030, marking a pivotal decade for stakeholders worldwide. While the electronics sector's hunger for microchips intensifies, the complex global landscape reveals a multifaceted picture.

Rising Electronic Gases Demand in Semiconductor Industry Signals Global Market Dynamics

In a recent forecast by TECHCET, the electronic gas market is projected to experience a notable upward trajectory with a 6.4% Compound Annual Growth Rate (CAGR) over the next five years. This surge is attributed to the expansion of the semiconductor industry, with a specific focus on advanced logic and 3DNAND applications. The ongoing and planned fab expansions in major regions around the world are expected to drive demand for electronic gases even further, necessitating a robust supply chain to accommodate this growth.

The demand for critical gases such as diborane (B2H6) and tungsten hexafluoride (WF6) is poised to increase significantly due to their pivotal role in manufacturing various semiconductor devices, including logic ICs, DRAM, 3DNAND memory, and flash memory. This surge in demand may pose challenges to the supply chain, potentially leading to constraints.

Notably, the semiconductor industries of major players like the United States, China, Europe, Asia, and the UK are at the forefront of this demand-driven transformation. The US has witnessed significant investments from key chip manufacturers such as GlobalFoundries, Intel, Samsung, TSMC, Texas Instruments, and Micron Technology. Similarly, China's exponential semiconductor growth has been driven by policies like "Made in China 2050," while Europe's European Chips Act aims to bolster competitiveness and resilience.

In the UK, the launch of the National Semiconductor Strategy signals a commitment to nurturing growth in R&D, design, and compound semiconductors, highlighting the sector's global significance. Meanwhile, in Asia, disruptions in the supply chain and the Ukraine-Russia conflict have amplified concerns over the availability of crucial gases like neon and helium.

To address these concerns, the industry is exploring new gas supply sources and strategic collaborations. However, the potential for shortages in gases like Xe, Kr, NF3, and WF6 remains unless additional capacity is brought online.

TECHCET's forecast underscores the pivotal role of electronic gases in the semiconductor sector's expansion and the subsequent impact on the global market. As the industry navigates burgeoning demand and potential supply constraints, collaboration, diversification, and capacity expansion emerge as key strategies to ensure the sustained growth and competitiveness of the semiconductor industry in various regions across the globe. For more detailed insights, refer to the TECHCET Electronic Gases Market Report.

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