In 2018, the silicon wafer reclaim market 2020 had been valued at USD 502.50 million and by 2024, it can reach USD 1,254.04 Million, estimates Market Research Future (MRFR). It is also projected that the market can progress at an impressive rate of 16.55% between 2018 and 2024 (review period).
What is a Silicon Wafer Reclaim?
Silicon wafer reclaim can be described as a wafer that is stripped, processed, cleaned, reprocessed and polished for a number of applications like manufacturing integrated circuits, solar cells, and more. It also refers to a cost effective process of converting a used wafer into a good quality functioning wafer, which is a test wafer.
Companies make extensive use of silicon wafer reclaim to bring down the purchasing the new wafers. These wafers also enjoy massive demand owing to their thinner size compared to the unused wafers, and the ability to give the same performance as a virgin test wafer. In basic terms, a silicon wafer reclaim process is all about inspection, evaluation and sorting to prevent any metallic contamination throughout the reclaim process.
During the stripping process, once the metallic films that are on the wafer are removed, another process called grinding takes place, wherein the extra metallic film from the silicon wafer is removed. Before the packaging process, the silicon wafer is properly cleaned and then inspected, and certified. This cleaning takes place to reduce the metallic level.
Silicon Wafer Reclaim Market
The Silicon Wafer Reclaim Market Forecast share across the globe is set to increase significantly in the approaching years, on account of the frequent technological advancements that are leading to the development of highly efficient products. Also, the rising substitution of the test and virgin wafers with the more affordable reclaimed ones as part of the cost cutting measures taken by semiconductor companies can lead to silicon wafer reclaim market growth in the ensuing period.
The industry is heavily characterized by the varying levels of growth graph each year, which is the result of the constant fluctuations in the reclaiming technology as well as the volatility of reclaim service providers in countries like China and Japan.
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Segmentation of Market
The global silicon wafer reclaim market is also further segmented on wafer diameter and application segments.
Depending on the wafer diameter segment, the market included 200 MM, 150 MM, 300 MM, and more. The 300mm segment is anticipated to lead the market during the forecast period in support of the mounting demand for products from the solar industry. Though, the 200mm segment is anticipated to record the peak CAGR. In the precedent five years, the 200mm segment products witnessed wide adoption in optoelectronic devices and MEMS circuits.
Depending on the application segment, the market included solar cells, integrated circuits, photoelectric cells, and more. The solar cells segment is proposed to lead the market during the forecasted period. The drift towards in high generation of solar energy motivated the adoption of silicon wafer reclaims globally, especially North America and Europe. The integrated circuit segment is likely to record the highest CAGR during the assessment period.
Applications of Silicon Wafer Reclaims
The main application areas of silicon wafer reclaim market forecast include solar panels, integrated circuits, and others. The highest use of silicon wafer reclaims is in the solar panel application, given the surging adoption of solar energy, particularly in regions like North America and Asia Pacific. Since the use of reclaimed wafer doesn’t lead to any substantial changes in the efficiency as well as yield of the silicon wafer, its adoption in the solar energy industry has risen considerably in recent years.
Furthermore, the use of silicon wafer reclaim in integrated circuit application can augment in the coming years, on account of the massive investments in the reclaiming of the product by the semiconductor industry. This has also led to the decline in the manufacturing cost, kicking off the growth trajectory of the semiconductor sector that was otherwise exhibiting sluggish growth in the past two years.
Region-Wise Demand for Silicon Wafer Reclaim
The North America market is mostly concentrated in Canada, Mexico and the US. The superlative performance of the regional market is the result of the high number of solar panel installations, expansive pool of leading vendors, and the easy availability of highly skilled technical expertise.
The market size in Europe is the second-largest, with the leading countries identified as Germany, France, the United Kingdom (UK), and more. Out of these, Germany has taken the lead, while the fastest gaining market can be France in the following years.
Asia Pacific can be one of the rapidly growing markets between 2019 and 2024. Japan, India, and China, stand at the vanguard of the regional market growth, out of which, Japan comprises the most lucrative market for silicon wafer reclaim. Fast developing consumer electronic sectors in India, South Korea, Thailand, Taiwan and China, combined with the increasing investments in the advancement of alternative renewable sources of energy induces market growth in the region.
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
Technologies, Nova Electronic Materials, DSK Technologies PTE Ltd., and Phoenix Silicon International Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Silicon Wafer Reclaim Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/silicon-wafer-reclaim-market/download-sampleMarket DynamicsGrowing cost of the silicon wafers, leads to the increase in demand for the production of chips or micro-chips used in electronic devices.
Further, increasing application of silicon wafers to identify the process conditions and equipment status used in semiconductor production processes is anticipated to drive the global market.
Silicon is a dynamic and high quality material used in the production of semiconductors.
Wafers reclaiming process is an economical program that the manufacturers of chips undertake to grow the significance of silicon substrates previously used.
Silicon Wafer Reclaim IndustryRegional AnalysisThe geographical analysis of the global silicon wafer reclaim market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.The North American market has been segmented into the US, Canada, and Mexico.
The growth of the market in North America can be attributed to the increase in the number of solar panel installations, high concentration of market players, and easy availability of proficient technical expertise in the region.
In September 2018, Edgewater Capital Partners acquired the division of Wafer Holding Company — Pure Wafer.
It supplies virgin silicon wafers, specialty thin film deposition products, and silicon parts services.In terms of market size, Europe is expected to hold the second-largest share in the silicon wafer reclaim market.
The European market has been divided into the UK, Germany, France, and the rest of Europe.
Germany is the leading country-level market, whereas the market in France is expected to register the highest growth rate during the forecast period.The market in Asia-Pacific is expected to be the largest and register a significant CAGR during the review period of 2019 to 2024.
The growth sectors of the Silicon Wafer Reclaim Industry are identified with precision for a better growth perspective.In the 21st century, a silicon wafer is a regular lexicon.
Silicon one of the abundantly found element on the planet Earth.
Some generally used dopants are boron, nitrogen, aluminum, indium, and gallium.
As customer are making smart decision, the silicon wafer reclaims are observed to surge, as they meet required utility standards.Market Research Future (MRFR), a booming market research firm, in its latest “Global Silicon Wafer Reclaim Market” report, throws light on key drivers and potential threats of the market.
An elaborate study on impact of key players on the market is also mentioned in the report.
MRFR findings reveal that the worldwide silicon wafer reclaims market is expected to thrive at 16.55 percent CAGR across the assessment period.
