The global silicon wafer reclaim market size was USD 420 million in 2015 and is expected to witness significant growth over the forecast period owing to growing demand for the end-use industries including solar cell and consumer electronics. Increasing substitution of the virgin and test silicon wafers with reclaimed silicon wafers owing to low costs associated with the product are anticipated to propel demand.
The industry is characterized by varying yearly growth rates owing to changes in the reclaiming technology coupled with volatility in the economies of reclaim service providers. Continuous capacity expansions by the silicon wafer reclaim technology manufacturers are expected to have a positive impact on the industry growth over the forecast period. Increasing manufacturers focus towards productivity enhancement, cost reduction and efficiency improvement of the product is anticipated to the industry growth.
Japan and Taiwan are expected to be the key markets for the product owing to rapid growth of electronics industry. Furthermore, increasing demand for consumer electronic goods such as smart phones, tablets and laptops are expected to have a positive impact on the industry growth over the next eight years. In addition, the industry is expected to benefit from the significant increase in solar PV installations, especially in emerging economies including India, Japan, and Saudi Arabia.
U.S. silicon wafer reclaim market revenue, by product, 2013 - 2024 (USD Millions)
The market is segmented on the basis of the product as 150 mm, 200 mm, 300 mm and others depending on the diameter size of the wafers. The 300 mm reclaim segment dominated the market, accounting for over 65% of the market revenue in 2015 owing to high demand for solar cell industry. Cost benefits and higher efficiencies offered by the product are likely to drive demand for 300 mm reclaimed silicon wafers over the forecast period.
The 200 mm type accounted for a significant market share and is expected to grow at a CAGR of over 3%, from 2016 to 2024 on account of their wide application scope in optoelectronic devices and MEMS circuits. The 150 mm account for a small share in the market in terms of revenue, owing to their lower average selling prices. Miniaturization of the electronic gadgets is likely to boost demand for small sized silicon wafers in electrical and electronics industry over the projected period.
The industry is segmented on the basis of applications into integrated circuits, solar cells, and others. The solar cell application segment accounted for market revenue of more than USD 200 million in 2015 owing to increasing installations of solar PVs in North America and Asia Pacific regions. Integrated circuit application for the product is expected to grow at a CAGR of over 3%, from 2016 to 2024. Growing demand for consumer electronics coupled with the robust manufacturing base in countries in Taiwan, China, U.S. and South Korea are anticipated to spur demand for the product over the forecast period.
Asia Pacific accounted for more than 70% of the overall volume of the global market in 2015. Rising disposable income coupled with the growing population has resulted in an increasing demand for electronics, and alternative renewable source of energy which is likely to fuel industry growth. In addition, the growth of the silicon wafer industry owing to technological advancement coupled with low labor costs in Taiwan and Japan is expected to drive demand for reclaiming technology over the forecast period.
North America is expected to be a key market for the product owing to increasing demand for low-cost wafers for manufacturing solar cells. Rising consumer demand for clean, safe and reliable energy source is likely to drive demand for a solar cell, which in turn is anticipated to have a positive impact on the reclaim industry growth over the forecast period. The presence of major solar cell manufacturers in the region including SunPower Corporation, First Solar, Suniva Inc., Borg Inc., and Canadian Solar Inc. are anticipated to drive demand for reclaimed silicon wafers over the forecast period.
The industry is characterized by continuous capacity expansions in order to cater to the increasing end user demand for electronics and solar cell manufacturing industry. Key players in the market include Nano silicon Inc., Advantec Co. Ltd, KST World Corp, Noel Technologies, Pure Wafer PLC, Rockwood Wafer Reclaim SAS, RS Technologies, KEMI Silicon Inc., and Shinryo Corporation.
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