Global Fab Materials Market 2017-2021

Overview of the global fab materials market

Market research analysts at Technavio predict that the global fab materials market will grow steadily during the next four years and post a CAGR of close to 7% by 2021. This market research analysis identifies the increase in the use of industrial gases in the semiconductor materials market as one of the primary growth factors for this market. The demand for industrial gases is expected to grow in the global fab materials market during the forecast period since they are used in the manufacturing of semiconductors that improves conductivity between the layers of conducting phases. Additionally, the rise in international and domestic trades will also increase in the consumption of semiconductors in the manufacturing of electronic devices in emerging markets, subsequently creating a growth opportunity for the global fab materials market.

One of the latest trends that will gain traction in the fab materials market in the coming years is the rise of Internet of Things (IoT). Due to the increase in the connectivity of computers, laptops, wearable devices, smartphones, and other electronic devices, the market for fab materials is expected to grow at a higher rate. Electronic gases like deuterium gas are used in the fabrication processes to manufacture radio frequency devices that are used as sensors in wearables and these sensors are vital parts of IoT products, which can produce high-quality signals. Therefore, with the increasing use of IoT, the global fab materials market is expected to grow during the forecast period.

Competitive landscape and key vendors