Market Insights
Seals are one of the critical components used in semiconductor manufacturing equipment. In the semiconductor industry, contaminations are measured in microns as semiconductor equipment making is critical and very sensitive to contaminations. To avoid these contaminations, seals are applied in the wafer fabrication equipment. They are situated in almost every piece of equipment used for the wafer fabrication process, such as chemical vapor deposition, cleaning/etching, atomic layer deposition, physical vapor deposition, oxidation, diffusion, photolithography, rapid thermal process, and ion implant. Seals account for merely 1% of the global semiconductor manufacturing equipment market in terms of value.
When almost all the companies serving industries like automotive, aerospace, and industrial, were recording huge losses due to the sudden drop in demand in the wake of the pandemic. Seals manufacturers serving the semiconductor segment were extremely overloaded with abundant orders. Overall, the semiconductor seals market flourished amid the pandemic and is expected to continue its growth momentum in the year 2021 as well, driven by a host of factors such as increasing high-bandwidth smartphones, increasing demand for wearable devices, and rapid expansion of electric vehicles across the globe. After an excellent growth in 2021, the market is expected to experience a sequential growth till 2026, with a CAGR of 7.6% over the next five years to reach US$ 1,014.0 million in 2026.
Segment Analysis
Based on the application type, the semiconductor seals market is segmented as cleaning/etching, chemical vapor deposition (CVD), atomic layer deposition (ALD), physical vapor deposition (PVD), oxidation, diffusion, and others. Cleaning/etching is expected to remain the largest segment of the market over the next five years. Key driving factors are rising demand for more efficient cleaning technologies for the development of efficient and effective semiconductors and an increase in the demand for cleaning/etching equipment in the wake of growing demand for small devices such as smartphones, laptops, and other consumer goods. CVD application is gaining traction owing to rising investment in thin-film solar photovoltaic and growing demand for semiconductor lasers.
Based on the material type, the market is segmented as FKM, FFKM, fluorosilicone, and others. FFKM is estimated to maintain its huge dominance in the market and is also expected to experience the fastest growth during the forecast period. Key factors boosting the demand for FFKM seals are increasing demand for high-performance seals owing to increasing wafer size. FKM to maintain its second-leading position in the market. FKM seals are relatively cheaper than FFKM seals and meet the desired requisites of many applications in the semiconductor fabrication process.
On the basis of product type, the market is segmented as O-rings, lip seals, bonded seals, gaskets, and others. O-ring is likely to maintain its dominance during the forecast period, whereas lip seal/bonded seal is expected to grow at the highest rate during the same period. Recovery from deformation and easy-to-use properties of O-rings drive their popularity in semiconductor applications. Bonded seals with a greater life cycle are the key requirement of fabricators with an aim to reduce the maintenance cost.
According to motion type, the semiconductor seals market is segmented as static and dynamic, of which the static segment is expected to remain the dominant one in the coming years. Key applications of static seals are center rings, window seals, gas inlet and outlet, exhaust valve, chamber lid, chemical containers, etc. O-Rings are the major product types used for static applications.
In terms of regions, Asia-Pacific is expected to maintain its unassailable lead in the foreseen future. China, Taiwan, South Korea, and Japan are the leading markets in the region. A key factor driving the region’s growth is the aggressive promotional policies by the governments coupled with high investments made by private companies. The region is a manufacturing hub for cleaning and chemical vapor deposition equipment and housing equipment manufacturers.
Key Players
The supply chain of this market comprises raw material suppliers, semiconductor seal fabricators, semiconductor equipment manufacturers, and semiconductor fabricators. The following are the key players in the semiconductor seals market.
- DuPont De Nemours, Inc.
- Valqua Ltd.
- Greene Tweed & Co., Inc.
- EnPro Industries, Inc.
- Trelleborg AB
- EKK Eagle Industries Co., Ltd.
- Parker-Hannifin Corporation
- Freudenberg Group
- Precision Polymer Engineering Limited
- MNE Co., Ltd.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s semiconductor seals market realities and future market possibilities for the forecast period of 2021 to 2026. 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 the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those 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, Product 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 seals market is segmented into the following categories.
Semiconductor Seals Market, by Application Type
- Cleaning/Etching (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- CVD (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- ALD (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PVD (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oxidation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Diffusion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Seals Market, by Material Type
- FKM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- FFKM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fluorosilicone (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Seals Market, by Product Type
- O-Rings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Gaskets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Lip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bonded Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Seals Market, by Motion Type
- Static Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Dynamic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Semiconductor Seals Market, by Region
- North America (Country Analysis: the USA, and RoNA)
- Europe (Country Analysis: Germany, the 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)
Report Customization Options
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: Product portfolio, geographical reach, regional presence, and strategic alliances
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