Semiconductor & IC Packaging Materials Market Estimated to Grow $26 Billion by 2019 - Report by MarketsandMarkets
(PRWEB) November 16, 2014 -- This research report defines and segments the "Semiconductor & IC Packaging Materials Market".
Browse 70 market data Tables and 32 Figures spread through 183 Pages and in-depth TOC on “Semiconductor & IC Packaging Materials Market by Types, Packaging Technologies & Geography - Regional Trends & Forecast to 2019”.
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The semiconductor and IC packaging materials market has been slowly recovering from the economic downturn of 2008. This recovery is dominantly led by the increased demand in Asia-Pacific. Semiconductor and IC packaging materials have gained prominence in the recent past due to increasing demand by end-user industries especially in developing countries like China, Japan, Taiwan, and Brazil.
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The growth in the semiconductor and IC packaging materials industry is highly influenced by changing trends in the electronics market which are expected to boost the demand for semiconductor and IC industries. The emerging developments in semiconductor and IC packaging materials market is due to technological advancements and newer geographical markets especially that of the Asia-Pacific region. There has been a subsequent shift of demand and production facilities from North America and Europe to Asia-Pacific. This is evident from the fact, as Asia-Pacific is the global leader of semiconductor & IC packaging materials market with 68% market share as estimated in 2013.
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By 2019, Asia-Pacific is expected to be world’s largest consumer of electronic packaging materials with an expected market of $26 billion industry. North America and Europe together are losing their market dominance due to the saturation of these respective markets and therefore are focusing towards expansions in emerging markets. The semiconductor and IC packaging materials market in these regions is expected to increase at a slow pace in the next five years as only a few key industrial developments will take place in these regions.
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