IMARC Group has recently released a new research study titled “North America Semiconductor Materials Market Report by Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, Bismuth Telluride), Application (Fabrication, Packaging), End Use Industry (Consumer Electronics, Manufacturing, Automotive, Energy and Utility, and Others), and Country 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview
The North America semiconductor materials market size reached USD 7,501.9 Million in 2024. It is projected to reach USD 15,933.6 Million by 2033, growing at a compound annual growth rate (CAGR) of 8.29% during the forecast period of 2025-2033. Semiconductor materials, known for their reliability and sensitivity to heat and light, are increasingly preferred in the North American region due to technological advancements that reduce system size and enhance system density.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
North America Semiconductor Materials Market Key Takeaways
- Current Market Size: USD 7,501.9 Million in 2024
- CAGR: 8.29% during 2025-2033
- Forecast Period: 2025-2033
- Semiconductor materials have electrical conductivity between metal and insulator, making them cost-efficient and reliable for various applications.
- Technological advancements like reduced system size and enhanced density drive market growth.
- Key industry players such as Mitsubishi Gas and Chemical have contributed innovations like bismaleimide-triazine resin laminates for BGA packages.
- COVID-19 lockdowns temporarily hindered manufacturing activities, affecting market growth negatively.
- Growth is expected to resume following easing of pandemic restrictions.
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North America Semiconductor Materials Market Growth Factors
Semiconductor materials are crystalline solids exhibiting electrical conductivity properties between metals and insulators. Their reliability, cost efficiency, and sensitivity to heat and light have made them increasingly preferred within the North American market. Technological advancements, including reductions in system size and enhancements in system density, are significant driving factors pushing market growth. These improvements facilitate better performance and miniaturization of semiconductor devices, boosting the demand for advanced semiconductor materials.
Innovations by key players have further fueled market expansion. For instance, Mitsubishi Gas and Chemical's introduction of bismaleimide-triazine resin laminates for ball grid array (BGA) packages represents an advancement in materials used in semiconductor packaging. Such developments not only improve product performance but also enhance manufacturing efficiency, cementing the growth trajectory of the North American semiconductor materials industry.
However, the COVID-19 pandemic introduced challenges due to government-imposed lockdowns to control virus spread. These restrictions led to temporary closures of manufacturing units, impeding production and negatively impacting market growth. Despite this setback, the market is anticipated to regain momentum as COVID-19 restrictions ease, enabling the semiconductor materials sector to continue trajectory towards the forecasted growth rate of 8.29% CAGR over 2025-2033.
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North America Semiconductor Materials Market Segmentation
Breakup by Material:
- Silicon Carbide: A semiconductor material known for its high thermal conductivity and used in high-power, high-temperature applications.
- Gallium Manganese Arsenide: A magnetic semiconductor material combining gallium manganese arsenide properties.
- Copper Indium Gallium Selenide: Used primarily in photovoltaic cells, providing efficient light absorption.
- Molybdenum Disulfide: A layered semiconductor material with interesting electronic and optical properties.
- Bismuth Telluride: Known for thermoelectric applications, used in cooling and power generation.
Breakup by Application:
- Fabrication:
- Packaging:
Breakup by End Use Industry:
- Consumer Electronics: Semiconductor materials used in consumer devices.
- Manufacturing: Use in the manufacturing industry for various applications.
- Automotive: Materials used in automotive electronics.
- Energy and Utility: Semiconductors applied in energy and utility sectors.
- Others
Breakup by Country:
- United States
- Canada
Regional Insights
The dominant region studied is the United States, followed by Canada. The market forecast anticipates significant growth with the overall North American market projected to reach USD 15,933.6 Million by 2033 from USD 7,501.9 Million in 2024, expanding at a CAGR of 8.29% during 2025-2033. This highlights robust growth potential within the region, driven by technological advancements and industrial innovations.
Key Players
- Mitsubishi Gas and Chemical
Recent Developments & News
Mitsubishi Gas and Chemical has introduced bismaleimide-triazine resin laminates, a standard material for ball grid array (BGA) packages. This innovation has significantly propelled the North American semiconductor materials market growth, supporting advanced packaging solutions. The report also highlights the impact of COVID-19 lockdowns causing temporary manufacturing closures that affected the market, but growth is expected to resume post-pandemic.
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Competitive Landscape
The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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