Silicon
Wafer Reclaim Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global Silicon Wafer
Reclaim Market is expected to reach USD 577.3 million by 2024. Silicon is a
tetravalent, gray, brittle, chemical component. It makes up 27.8% of the
earth’s crust and next to oxygen; it is the utmost plentiful element in nature.
The materials that contain silicon are common beach sand, quartz, flint, and
agate. It is known as the major element in building materials like glass,
cement, and brick. Moreover, it is the most shared material to build microchips
and semiconductors.
Silicon Wafer Reclaim is
termed as wafer reclaim that has been processed, stripped, polished, and then
cleaned and can be reprocessed for various use. There are various reclaim types
like particle reclaim, recycle, and strip and kiss polish. It is a cost
efficient program that manufacturers use to exploit the worth of formerly used
silicon substrates. The silicon wafer reclaim market is estimated to grow at a
significant CAGR of 3.7%over the future period as the scope and its
applications are rising enormously across the globe.
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High demand in
manufacturing of microchips or chips used in electronic devices, increasing
cost of silicon wafers, growing disposable income, rapid rate of
industrialization and urbanization, and rising employment, economy, and
population are documented as major factors of silicon wafer reclaim industry
that are estimated to enhance the growth in the years to come. However, lack of
awareness regarding reclaim services may restrain overall market growth in the
coming years. Silicon wafer reclaim industry is segmented based on product
type, applications, and region.300 mm, 200 mm, 150 mm, and other product types
could be explored in silicon wafer reclaim market in the forecast period.
Integrated circuits, solar panels, and other applications could be explored in
this market in the future period.
Globally, North America
accounted for the largest market share of silicon wafer reclaim industry and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be presence of key manufacturers in the region,
growing demand for low cost silicon wafer, and rising applications in
automotive industry. The United States is a major consumer of silicon wafer
reclaim in this region.
Instead, Europe and the Asia
Pacific are also estimated to have a positive influence on the future growth.
Europe is the second largest region with significant market share. However,
Asia Pacific is estimated to grow at fastest pace with the highest CAGR of 3.3%
in the foremost period. The aspects that may be ascribed to the growth comprise
technological growth and industrial development in developing countries. The
emerging countries like India and China are the major consumers of silicon
wafer reclaim market in this region. This may be because of low inclusive
recovery cost in the economy.
The key players of silicon
wafer reclaim industry are NanoSILICON, MicroTech Systems, Silicon Quest,
Phoenix Silicon International Corporation, Optim Wafer Services, RS
Technologies Co., Ltd., NOVA Electronic Materials, Shinryo Corporation, Noel
Technologies, Silicon Valley Microelectronics, and Pure Wafer. These players
are concentrating on inorganic growth to sustain themselves amongst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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