Overview report of the Silicon Wafer Reclaim Market
The Silicon Wafer Reclaim Market is anticipated to value USD 502.50 million in 2018. And will also experience a high CAGR of 16.55%. By the end of the forecast period, the market will gain 1254.05 million. Silicon Wafer is produced using a used wafer by a process that consists of several processes: sorting, stripping, lapping, grinding, polishing, cleaning, and inspection. These are thin in size in comparison to used ones. It is primarily used in manufacturing solar cells, photoelectric cells and integrated circuits. Due to the growing demand in the consumer electronic sector, the Silicon Wafer Reclaim Market is accelerating. Wafer reclaim is mechanical planarization and wet chemical processing to remove deposited thin semiconductor coatings or films.
The Silicon wafer reclaim market is expected to grow significantly due to increasing automotive demand worldwide. The major drivers of the silicon wafer reclaim market is the growing semiconductor industry, and relatively low cost compared to test wafers. The market opportunities include a growing economy, population and employment, rising disposable income, rapid urbanization, and industrialization, driving the global silicon wafer to reclaim the market. The growth hindering factor of the global silicon wafer reclaim market is lack of awareness about the reclaim services. Integration of the value chain, the sudden technological advancements, and growing investment in the semiconductor industry are some of the factors trending in the global silicon wafer reclaim market over the forecast period. Pandemic has adversely impacted the global markets, and one of them is the silicon wafer reclaiming the market. The impact of the virus has been massive in the semiconductor sectors due to the shutdown of manufacturing, and the rate of production decreased. The silicon p[roducts are non-essential, which impacted the market growth. The growing demand for the installation of solar panels and increased electronics and use of renewable sources are the major accelerating factors for the market growth.
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Segmentation report of the market
The Silicon Wafer Reclaim Market is categorized into application and type. The market is categorized into 300 MM, 200 MM, 150 MM, and others based on the type. The 300 MM is expected to hold a large share of the market. In addition to it, 200 MM is also growing, and in the forecast period, all the segments will register growth for the market. The application segment is bifurcated into photoelectric cells, solar cells, integrated circuits, etc. the solar cell will dominate the market in the forecast period. The growing demand for solar energy is the major factor of the growth. The integrated circuit will also register growth in the forecast period. The Silicon Wafer Reclaim Market is studied in global regions. It is analyzed in the regions such as the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The regions of Asia pacific, like china, India, Thailand, etc., are the major market growth share due to the development of consumer electronics. The major market players forming new market segments are Silicon Quest International (US), Rockwood Wafer Reclaim, Silicon Valley Microelectronics, Inc., Silicon Materials, Inc., Shinryo Corporation, etc.
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