Market Overview
The global silicon wafer reclaim market was valued at USD 502.50 million in 2018, and it is expected to grow at a higher CAGR of 16.55% in the global market during the forecasted period to account for a higher market share value of approximately USD 1254.05 million by the end of the forecasted period.
The global pandemic of COVID 19 had affected a significant chunk of the population. During the lockdown situation, operational activities of various end-user industries were halted, which resulted in a demand shrink for the Silicon Wafer Reclaim Market Demand, which further led to decreased sales revenue.
The process of transforming a used wafer into a qualification wager using multiple layers of different material is called silicon wafer reclaim. This process is a multi-step process as it requires multiple layers of materials. It is a combination of wet chemical processing and mechanical planarization to remove semiconductors' coatings.
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Regional Segmentation
The silicon wafer reclaim market has been divided all across the globe based on type, application, and region.
Based on the Type
The market has been divided all across the globe based on the type into 300 MM, 200 MM, 150 MM, and others. The largest market in the type dividend is held by the 300 MM type due to its increasing solar industry use. Moreover, the 200 MM type is also growing fast during the forecasted period.
Based on the Application
The market has been divided all across the globe based on the application into photoelectric cells, solar cells, integrated circuits, and many others. The largest market share in the application dividend is held by solar cells. However, the integrated circuit is also likely to grow at an increasing rate during the review period.
Based on the Region
The market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.
Regional Analysis
The silicon wafer reclaim market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the silicon wafer reclaim market is projected to be held by the Asia-Pacific region owing to increasing development in the consumer electronics market in countries like Taiwan, China, South Korea, and many others.
The second-largest market share in the silicon wafer reclaims the North American region holds the market. The increasing penetration of various giant market players coupled with a growing number of solar panel installations drives the market demand to this region. Moreover, there has been an easy availability of technical expertise. This is another contributing after.
Some of the prominent market leaders are as follows:
Rockwood Wafer Reclaim (France)
Phoenix Silicon International Corporation (Taiwan)
Silicon Materials, Inc. (US)
Silicon Valley Microelectronics, Inc. (US)
Shinryo Corporation (Japan)
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Industry News
Phoenix Silicon International Corporation (Taiwan) spends a considerable sum of money on research and development to get an upper edge over its competitors.
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