Microelectronics

SEMI: Global market for semiconductor materials to generate sales of USD 67.5 billion in 2024

April 28, 2025. global semiconductor materials revenue increased 3.8% to $67.5 billion in 2024, SEMI, the global industry association for the electronics design and manufacturing supply chain, reported today in its Materials Market Data Subscription (MMDS). The recovery of the overall semiconductor market and increasing demand for advanced materials used in the manufacture of high-performance computing and high-bandwidth memory contributed to the growth in materials revenue in 2024.

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SEMI sales of wafer fabrication materials increased by 3.3% to USD 42.9 billion in 2024, while sales of packaging materials grew by 4.7% to USD 24.6 billion last year. The chemical mechanical planarization (CMP), photoresist and photoresist accessories segments recorded strong double-digit growth, driven by the increasing complexity and number of processing steps for advanced DRAM, 3D NAND flash and state-of-the-art integrated logic circuits (ICs). All semiconductor material segments, with the exception of silicon and silicon-on-insulator (SOI), recorded year-on-year growth. Demand for silicon, particularly in the trailing-edge segment, remained weak in 2024 as the industry continued to reduce excess inventories, resulting in a 7.1% decline in silicon sales in 2024.

Taiwan was the world’s largest buyer of semiconductor materials for the 15th consecutive year, with sales of USD 20.1 billion. China continued to record year-on-year growth with sales of USD 13.5 billion and took second place in 2024, while Korea took third place with sales of USD 10.5 billion. With the exception of Japan, all regions recorded single-digit growth in 2024.

SEMI’s Materials Market Data Subscription (MMDS) provides annual sales with ten years of historical data and a two-year forecast. The annual subscription includes quarterly updates for the materials sector and reports on sales in seven market regions (North America, Europe, Japan, Taiwan, South Korea, China and Rest of the World). The report also includes detailed historical data on silicon shipments and sales for photoresists, photoresist accessories, process gases and lead frames.

For more information on the report or to subscribe, contact the SEMI Market Intelligence team at mktstats@semi.org. Further details can also be found on the SEMI Market Data website.

Download a sample of the MMDS report.

About SEMI

SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide from across the semiconductor and electronics design and manufacturing supply chain. We foster collaboration among our members to solve the industry’s most critical challenges through advocacy, workforce development, sustainability, supply chain management and other programs. Our SEMICON® trade shows and events, technology communities, standards and market intelligence contribute to our members’ growth and innovation in design, devices, equipment, materials, services and software, enabling smarter, faster and safer electronics.

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👉 www.semi.org

Photo: pixabay

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Contact info

Silicon Saxony

Marketing, Kommunikation und Ă–ffentlichkeitsarbeit

Manfred-von-Ardenne-Ring 20 F

Telefon: +49 351 8925 886

Fax: +49 351 8925 889

redaktion@silicon-saxony.de

Contact person: