Silicon Wafer Reclaim Market Size Worth 7.3 Million By 2024
Posted by Nicky Arora on April 15th, 2021
The global silicon wafer reclaim market size is expected to reach USD 577.3 million by 2024, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of burgeoning product use in integrated circuits, which find application in smartphones, laptops, and personal computers.
The silicon wafer reclaim are cheaper and flexible as compared to purchasing new wafers; however, they offer less efficiency. Key manufacturers are laying high emphasis to improve product efficiency of silicon wafer reclaim which is further expected to propel the demand over the forecast period.
The industry is significantly concentrated in Japan and Taiwan owing to the low production and low labor costs associated with the reclaim process. In addition, the reclaimed wafers are differentiated on the basis of the reclaim processes and certain companies own patented reclamation techniques. Furthermore, a substantial decrease in the market share in 2015 is expected to intensify the competition.
Increase in the volume of electronic waste coupled with the rising recycling activities primarily in North America and Europe are expected to benefit the industry. Major consumers are focusing on reduction in the reliance on virgin wafers in order to provide a sustainable solution to the growing electronics market, which is expected to drive the growth.
To request a sample copy @ https://www.grandviewresearch.com/industry-analysis/silicon-wafer-reclaim-market/request/rs1
Further key findings from the report suggest:
Grand View Research has segmented the silicon wafer reclaim market on the basis of product, application and region.
Silicon Wafer Reclaim Product Outlook (Volume, Million Wafers; Revenue, USD Million; 2013 - 2024)
Silicon Wafer Reclaim Application Outlook (Volume, Million Wafers; Revenue, USD Million; 2013 - 2024)
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About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 389
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