According to this latest publication from Meticulous Research®, the Semiconductor Gas Filters (SGF) Market is expected to grow at a CAGR of 5% from 2020 to reach $21.7 billion by 2027. The growth in this market is majorly attributed to the factors such as rapid adoption of digital transformation technologies, significant growth in the demand for crystalline silicon wafer solar cells and increasing demand for safety filters that prevent damages of semiconductor components.
Furthermore, the increasing investment in R&D activities for the betterment of semiconductor manufacturing components and emergence of 5G technology offers significant opportunities for the semiconductor gas filters market players in the coming years. However, the factors such as dynamic nature of the semiconductors manufacturing market, development of advanced filters at relatively low cost, and global impact of COVID-19 on the semiconductor industry have created some serious challenges for the growth of this market.
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The overall semiconductor gas filters market study present historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027 in terms of both value and volume. The market is segmented on the basis of construction type (in-line filters, gasket filters), filter element (metallic filter element, non-metallic filter element), and geography. The study also evaluates industry competitors and analyzes the market at a country level.
Based on construction, SGF market is segmented into in-line filters and gasket filters. The in-line filters segment is estimated to account for the largest share of the overall semiconductor gas filters market in 2020. The large share of the segment is mainly attributed to the factors such as increasing adoption of LED, data storage devices, and flat panel displays; consistent technological advancements; and growing semiconductor manufacturing industry coupled with increasing government & private investments. Furthermore, players operating in this market are working on reducing the size of integrated filters and enhancing their performance, which is further supporting the fastest growth of this segment during the forecast period.
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Based on filter element, SGF market is segmented into metallic filter element and non-metallic filter element. The metallic filter element segment is estimated to account for the largest share of the overall semiconductor gas filters market in 2020. The large share of the segment is mainly attributed to the growing consumption of metallic filters coupled with the growing need for high-performance filters and technological advancements. In addition, the growing need for higher purity process gases used in IC manufacture and high adoption rate owing to compact size and flexible choice of fittings is also expected to contribute to the fastest growth of this market over the forecast period.
Geographically, the global SGF market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share of the global semiconductor gas filters market in 2020.
The large share of this segment is mainly attributed to the saturation of the semiconductor manufacturing industry coupled with the high consumption of semiconductor devices; increasing private investment in R&D activities for the advancement of gas filters; and large electronics manufacturing sector in the region. In addition, the factors such as favorable government initiatives, easy availability of filters, and rising adoption of advanced technologies are also contributing towards the fastest growth of this market in Asia Pacific region in the coming years.
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The key players operating in the global semiconductor gas filters market are Entegris, Inc. (U.S.), Porvair Filtration Group (U.K.), Donaldson Company, Inc. (U.S.), Pall Corporation (U.S.), Ewald Associates, Inc. (U.S.), Mott Corporation (U.S.), Valin Corporation (U.S.), Nippon Seisen Co., Ltd. (Japan), Parker Hannifin Corporation (U.S.), WITT-Gasetechnik GmbH & Co KG (Germany), Mycropore Corporation (Taiwan), Teesing B.V. (Netherlands), and Bronkhorst High-Tech B.V. (Netherlands), among others.
Key questions answered in the report-
Which are the high growth market segments in terms of component, filter element, and countries?
What was the historical market for semiconductor gas filters across the globe?
What are the market forecasts and estimates for the period of 2020-2027?
What are the major drivers, restraints, opportunities, challenges, and trends in the global semiconductor gas filters market?
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