“The semiconductor fluid conveyance market size was US$ 1.9 billion in 2023 and is likely to grow at an impressive CAGR of 7.3% in the long run to reach US$ 2.9 billion in 2030.”
Market Dynamics
Introduction
Fluid conveyance (hoses, tubes, pipes, and fittings) is a system used to transport liquid and gases (ultrapure water, chemicals, process gases, solvents) for semiconductor fabrication. Hoses and tubes are flexible conduits used for short distances, whereas pipes are rigid structures that transfer liquid and gases for long distances. Fittings include connectors, adapters, reducers, elbows, tubes, and pipe ends. The key functions of a fluid conveyance system are maintaining purity, safe transport of hazardous and reactive chemicals and gases, leak prevention, manage thermal load by conveying coolants.
After healthy growth in 2020, the market experienced excellent growth in 2021 and 2022, owing to increased semiconductor equipment sales after COVID-19. In 2023, the market experienced moderate growth (compared to 2021 and 2022) due to the decline in semiconductor equipment sales in 2023. The market is anticipated to maintain its excellent growth in the years to come.
Market Drivers
Key factors propelling the growth of the semiconductor fluid conveyance market are increasing semiconductor equipment demand, rising demand for high-yield semiconductor chips across industries, growing investment in semiconductor infrastructure, the requirement to comply with ISO and IEST regulations, the requirement of ultra-cleanroom environments that require high-performance material, and an increase in demand for ultrapure water.
Recent Market JVs and Acquisitions:
A handful number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In 2019, Smiths Group PLC acquired United Flexible and merged with Flex-Tek Group. Later, the US Hose portion within United Flexible was integrated into Titeflex. The merger of the two organizations establishes Titeflex/US Hose as one of the leading suppliers of PTFE and composite or flexible metal tubing products.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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By Type
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Hoses & Tubes and Pipes
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Hoses & Tubes are expected to remain dominant and faster-growing during the forecast period.
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Core Material Type
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PTFE, Stainless Steel, PFA, PVDF, and Others
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PTFE is currently the most preferred core material, whereas stainless steel is the second most preferred material during the forecast period.
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Diameter Type
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<1 inch and >1 inch
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<1 inch is expected to remain dominant and faster-growing during the forecast period.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to maintain its reign over the forecast period.
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By Fluid Conveyance Type
“Hoses & Tubes are the dominant fluid conveyance and are expected to maintain its lead during the forecast period.”
- Hoses & Tubes are flexible compared to pipes and can easily fit into cramped areas and complicated pathways in equipment, making them ideal for dynamic and compact environments.
- Hoses & Tubes are designed to handle the transport of fluids at high pressures and elevated temperatures without degradation, providing reliable performance in critical applications such as etching, cleaning, and wafer production.
- Pipes are majorly used for transferring ultrapure water in semiconductor manufacturing. Ultrapure water is used for cleaning and rinsing silicon wafers and equipment used in semiconductor fabrication.
By Core Material Type
“PTFE is projected to hold the dominant position of the market during the forecast period”.
- PTFE has excellent resistance to the chemicals utilized in the semiconductor manufacturing process, such as strong acids, bases, solvents, and gases.
- Ultra-high purity, thermal stability, low dielectric constant, flexibility, durability and longevity, and resistance to UV and radiation are some other properties of PTFE that make it a preferred material for fluid conveyance in semiconductor manufacturing.
- Stainless steel is likely to remain the second dominant material type during the forecast period owing to its high mechanical strength, thermal stability, corrosion resistance, pressure resistance, durability, and compatibility with harsh environmental conditions.
By Diameter Type
“<1 inch is the dominant diameter type of the market, and it is also likely to experience faster growth during the forecast period.”
- Based on diameter type, the semiconductor fluid conveyance market is segmented into <1 inch and >1 inch.
- The semiconductor manufacturing process required extreme purity, precise fluid control, minimization of fluid volume, efficient chemical delivery, and compact equipment configuration. Small-diameter hoses, tubes, and pipes are highly preferred for the precise, clean, and controlled production environment.
- In semiconductor manufacturing, hoses & tubes with diameter less than 1 inch are dominantly used, whereas pipes with diameters greater than 1 inch are majorly used.
Regional Analysis
“Asia-Pacific is expected to remain the dominant region, whereas North America is likely to remain the second dominant region during the forecast period”.
- In terms of region, the semiconductor fluid conveyance market is segmented into North America, Europe, Asia-Pacific, and RoW.
- Asia-Pacific has the presence of leading semiconductor manufacturers, such as Samsung Electronics, Taiwan Semiconductor Manufacturing Company (TSMC), SK Hynix, and Semiconductor Manufacturing International Corporation (SMIC). These players drive the demand for fluid conveyance products for chip production in the region. Increase in investment in semiconductor manufacturing in China, Taiwan, South Korea, and Japan; an increase in government support and investments; growing technological advancements; and an efficient supply chain are other key factors driving the region’s market.
- North America (the second largest region) also experiences significant demand due to the presence of major semiconductor fabricators, including Intel Corporation, GlobalFoundries, and Texas Instruments Incorporated.
Key Players
The market is moderately fragmented with the presence of several players. In the semiconductor industry, there is a distinct set of players for hoses & tubes and pipes. Entegris is one of the major players that have a presence in both hoses & tubes and pipes for the semiconductor industry.
The following are the key players in the semiconductor fluid conveyance market (Based on Dominance)
- Parker Hannifin Corporation
- Georg Fischer Piping System
- Swagelok
- Dockweiler AG
- AGRU Kunststofftechnik GmbH
- Titeflex US Hose
The leading players in the semiconductor hoses & tubes market are Parker Hannifin Corporation, Swagelok, Dockweiler AG, and Titeflex US Hoses, whereas Georg Fischer Piping System and AGRU Kunststofftechnik GmbH are some leading players in semiconductor piping systems market.
Note: The above list does not necessarily include all the top players of the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as fluid conveyance willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The semiconductor fluid conveyance market is segmented into the following categories:
Semiconductor Fluid Conveyance Market, by Fluid Conveyance Type
- Hoses & Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pipes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Fluid Conveyance Market, by Core Material Type
- PTFE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PFA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PVDF (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Fluid Conveyance Market, by Diameter Type
- <1 inch (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- >1 inch (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Fluid Conveyance Market, by Region
- North America (Country Analysis: The USA and Rest of North America)
- Europe (Country Analysis: Germany, Netherlands, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, South Korea, Taiwan, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s semiconductor fluid conveyance market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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