Semiconductor Resin Market Trends and Forecast
The future of the global semiconductor resin market looks promising with opportunities in the telecommunication, automotive, aerospace & defense, medical device, and consumer electronic markets. The global semiconductor resin market is expected to grow with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing demand for miniaturization, growing need for high-performance and heat-resistant resin solutions, and rising demand for eco-friendly resin formulations.
• Lucintel forecasts that epoxy resin is expected to witness the highest growth over the forecast period.
• Within this market, telecommunication is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Semiconductor Resin Market
• United States: Dow Chemical has launched a series of high-performance semiconductor resins aimed at improving heat dissipation in electronic components, aligning with government initiatives to enhance domestic semiconductor manufacturing capabilities.
• Japan: Shin-Etsu Chemical Co., Ltd. has expanded its semiconductor resin production capacity to meet growing global demand, supported by government incentives promoting technological innovation in semiconductor materials.
• South Korea: Samsung SDI has invested in R&D for eco-friendly semiconductor resin formulations, in line with government targets to reduce environmental impact and enhance sustainability in semiconductor manufacturing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Semiconductor Resin Market by Segment
The study includes a forecast for the global semiconductor resin market by type, application, and region.
Semiconductor Resin Market by Type [Value from 2018 to 2030]:
• Epoxy Resin
• Phenolic Resin
• Vinyl Resin
• Others
Semiconductor Resin Market by Application [Value from 2018 to 2030]:
• Telecommunications
• Automotive
• Aerospace & Defense
• Medical Devices
• Consumer Electronics
• Others
Semiconductor Resin Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Semiconductor Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies semiconductor resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the semiconductor resin companies profiled in this report include-
• Dow
• Nagase Chemtex
• Nitto Denko
• OSAKA SODA
• Hexion
• Sbhpp
• Kolon Industries
• Chang Chun
• Mitsui Chemicals
• NanYa Plastics
Recent Development in the Semiconductor Resin Market
• Henkel: Henkel has launched innovative semiconductor resin solutions featuring enhanced adhesion and durability for advanced packaging and assembly processes. These resins provide superior protection against moisture, chemicals, and thermal stress, contributing to improved device performance and longevity in semiconductor applications.
• Hitachi Chemical: Hitachi Chemical has introduced semiconductor resins tailored for automotive electronics, emphasizing reliability under harsh operating conditions. This development supports the automotive industryÄX%$%Xs demand for robust semiconductor materials that ensure long-term performance and safety in vehicles.
• Sumitomo Chemical: Sumitomo Chemical has partnered with semiconductor manufacturers to develop resin materials optimized for 5G infrastructure components. These specialized resins offer high thermal stability and mechanical strength, essential for the reliability and longevity of 5G network equipment.
• Evonik Industries: Evonik Industries has launched bio-based semiconductor resins derived from renewable feedstocks, addressing sustainability concerns in semiconductor manufacturing. These resins provide a sustainable alternative to conventional materials without compromising on performance, meeting the eco-friendly demands of global semiconductor markets.
Features of the Global Semiconductor Resin Market
Market Size Estimates: Semiconductor resin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Semiconductor resin market size by type, application, and region in terms of value ($B).
Regional Analysis: Semiconductor resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the semiconductor resin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the semiconductor resin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for semiconductor resin market?
Answer: The global semiconductor resin market is expected to grow with a CAGR of 12.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the semiconductor resin market?
Answer: The major drivers for this market are increasing demand for miniaturization, growing need for high-performance and heat-resistant resin solutions, and rising demand for eco-friendly resin formulations.
Q3. What are the major segments for semiconductor resin market?
Answer: The future of the semiconductor resin market looks promising with opportunities in the telecommunication, automotive, aerospace & defense, medical device, and consumer electronic markets.
Q4. Who are the key semiconductor resin market companies?
Answer: Some of the key semiconductor resin companies are as follows:
• Dow
• Nagase Chemtex
• Nitto Denko
• OSAKA SODA
• Hexion
• Sbhpp
• Kolon Industries
• Chang Chun
• Mitsui Chemicals
• NanYa Plastics
Q5. Which semiconductor resin market segment will be the largest in future?
Answer: Lucintel forecasts that epoxy resin is expected to witness the highest growth over the forecast period.
Q6. In semiconductor resin market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the semiconductor resin market by type (epoxy resin, phenolic resin, vinyl resin, and others), application (telecommunications, automotive, aerospace & defense, medical devices, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Semiconductor Resin Market, Semiconductor Resin Market Size, Semiconductor Resin Market Growth, Semiconductor Resin Market Analysis, Semiconductor Resin Market Report, Semiconductor Resin Market Share, Semiconductor Resin Market Trends, Semiconductor Resin Market Forecast, Semiconductor Resin Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.