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Market Leader - Thin Wafer Market

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The thin wafer market is projected to grow from USD 7.6 billion in 2020 to USD 10.8 billion by 2025; it is expected to grow at a CAGR of 7.2% from 2020 to 2025. The key factors fueling the growth of this market include rising adoption of MEMS technology in portable health monitoring devices, reducing sizes of electronic devices, growing smartphone and consumer electronics markets, and high amount of material saving. Moreover, steady demand for telecommunication systems owing to the increasing focus on e-learning amid COVID-19 is expected to drive the thin wafer market.

The thin wafer market is dominated by key global established players such as Shin-Etsu Chemical Co., Ltd. (Japan), SUMCO Corporation (Japan), GlobalWafers Co., Ltd. (Taiwan), Siltronic (Germany), SK Siltron (South Korea), SUSS MicroTec (Germany), LINTEC Corporation (Japan), DISCO Corporation (Japan), 3M (US), and Applied Materials (US). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, collaborations, agreements, expansions, and mergers and acquisitions to strengthen their position in the market.

Shin-Etsu Chemical Co., Ltd. (Japan) held the majority of the global thin wafer market share in 2019. The company has an expertise in providing hyper pure silicon wafers used in the production of semiconductor devices such as MEMS, memory, and LEDs. The company is well acknowledged among leading IC manufacturers of the world, which helped the company record high sales in the year 2019. SUMCO Corporation (Japan) followed in second place with a wide product portfolio of silicon wafers that caters to a large number of semiconductor device manufacturers. The expanding IC industry in China, rising adoption of portable devices, and growing adoption of IoT and AI in automotive sector has led to the market growth of these companies.

Shin-Etsu Chemical Co., Ltd. (Japan) is a leader in the thin wafer market. The company provides thin silicon wafers through its Semiconductor Silicon Business. Shin-Etsu Chemical Co., Ltd. is accelerating investments in R&D and focusing on the commercialization of innovative new products to strengthen its business foundation and achieve growth. The company is engaged in aggressive investments aimed at strengthening existing businesses and enhancing production capacity. For instance, in September 2018, the company invested YEN 110 billion (USD 990 million) in its Japan and Thailand facilities to increase the production capacity of silicon products. This investment is expected to enable the company to cater to the fast-growing demand for thin silicon wafers for use in semiconductor devices.

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Another important player in the thin wafer market is SUMCO Corporation (Japan). The company manufactures and sells high-purity silicon wafers processed from monocrystalline silicon ingots. Products include polished wafer, annealed wafer, epitaxial wafer, junction isolated wafer, and SOI wafer for use in the manufacturing of memory products and MPUs. The company also provides recycled polished wafer on request. In response to the COVID-19 pandemic, SUMCO Corporation continues to focus on technological developments and invests in the latest trends to be able to provide leading-edge, high-precision silicon wafers.

Other major players in the thin wafer market are mainly focusing on expanding their regional presence and new product launches to achieve continuous and sustainable development.

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