The global silicon wafer reclaim market size was estimated at USD 431.8 million in 2016, growing at a CAGR of 3.7% over the forecast period. Growing governmental support in the form of favorable regulations and subsidies is expected to drive the industry growth over the forecast period. In addition, rising adoption of sustainable energy sources is likely to result in the recycling activities.
Growing production and usage of electronic devices results in the generation of a high volume of e-waste. This results in an abundance of raw materials in the market which makes it easier for the reclaim companies to carry out their operations. In addition, the market is expected to be driven by the growth in the usage of 450mm reclaim wafers on account of superior performance
The U.S is expected to witness considerable growth for the silicon reclaim market, owing to increased applications in Integrated circuits, solar panels and other electronic devices like T.V, Digital camera, PC’s etc. Presence of a number of ongoing solar projects in this country is expected to have positive impact on the industry in this region.
The market is subjected to regulations related to its processing, transportation, packaging and waste disposal of hazardous material including DTSC standard, EPA regulation on RCRA, LMOP program and others which is expected to have significant impact on the overall market during the forecast period.
Increasing concerns regarding the unsustainable consumption of silicon is expected to result in a growth in the recycling activities which is expected to propel the industry growth. In addition, the industry is expected to register high growth on account of increased adoption of the reclaimed products by the consumer industries across the globe.
The 300 mm was the largest product segment, accounting over 69.2% of global silicon wafers reclaim industry revenue in 2016. Increasing demand for the product for manufacturing solar panels, solar cells, and integrated circuits is expected to drive demand for silicon wafer reclaim over the forecast period.
In terms of demand, the 150 mm silicon wafers reclaim market contracted, owing to the transitions to a larger diameter; from 150 mm to 200 mm. The solar panels, solar cells and integrated circuits widely use wafers in their manufacturing, which raises the need for reclaim.
The industry is primarily driven by growing demand for solar PV since silicon wafers are the key components of solar photovoltaic systems. Increasing demand for solar PV owing to declining equipment prices coupled with rising consumer awareness is expected to have positive impact on the industry growth over the forecast period.
Integrated Circuits application is estimated to account for 37.7% of the market revenue in 2016, in terms of volume. Silicon wafers are the key component of integrated circuits and are used in cell phones, power computers, laptops, and tablets. Thus, reclaimed products find a major demand due to the lower cost.
Despite of strong competition from Europe and further afield, German semiconductor companies remain the European leaders in terms of revenue. This large share of semiconductor industry creates huge potential for industry in this application. Increasing applications of reclaimed wafers in automotive industry is also expected to lead to industry growth.
The industrial development and technological growth in China are expected to be the prime factors contributing to the growth of industry with the industry in the economy expected to grow at a CAGR of 3.3% over the forecast period. In addition, low overall reclamation cost in the economy is also expected to drive growth.
Companies in the industry are resorting to expansions in order to increase the revenues. Key companies in the market are involved in the R&D aimed at simplification of the reclamation process so as to increase the profit margins. In addition, key players are focusing on reclaiming a wide portfolio to increase the service capabilities.
Consumers in the industry are involved in the distribution of the reclaimed silicon wafers in local area of operations. Key players offer their products through numerous distribution channels including direct supply contracts with buyers as well as third party contracts with wholesalers and traders.
This report forecasts revenue growth at regional and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2013 to 2024. For the purpose of this study, Grand View Research has segmented the silicon wafer reclaim market report on the basis of product, application and regions:
Product Outlook (Volume, Million Wafers; Revenue, USD Million; 2013 - 2024)
Application Outlook (Volume, Million Wafers; Revenue, USD Million; 2013 - 2024)
Regional Outlook (Volume, Million Wafers; Revenue, USD Million; 2013 - 2024)
Central & South America
Middle East & Africa
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