In 2023, the global semiconductor materials market saw a revenue decrease of 8.2%, totaling $66.7 billion, down from $72.7 billion in the previous year. All regions of the world saw revenue declines except China, which managed to scrape out at least some growth. SEMI, the global industry association for the electronics manufacturing and design supply chain, reported this downturn.
The decline in revenue was observed across different segments of the market. Wafer fabrication materials experienced a 7.0% drop in revenue to $41.5 billion. The most significant decreases in this segment were noted in silicon, photoresist ancillaries, wet chemicals, and chemical mechanical planarization (CMP). Meanwhile, the packaging materials used to build chip enclosures, reported a sharper decline of 10.1%, bringing their revenue down to $25.2 billion, largely due to reductions in the organic substrates sector.
