Soda Photomask Market REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global soda photomask market size was USD 175.7 million in 2022 and is projected to touch USD 208.3 million by 2028, exhibiting a CAGR of 2.9% during the forecasting period. The global COVID-19 pandemic has been unprecedented, staggering, as the soda photomask market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Photomasks are used to pattern thin layers on semiconductor wafers with ultraviolet light. They are typically constructed of quartz glass or silicon materials with patterns put to the surface for use as masks in optical lithography procedures such as etching and ion implantation. Photomasks can also be built of organic polymers or other substrates, which make them more easily manufactured and flexible than quartz. Photomasks are used to produce integrated circuits on computer chips and flat-panel displays, as well as on printed circuit boards (PCBs), hard disc drives (HDDs), and Liquid Crystal Displays (LCDs).
Soda Mask is a sort of mask whose name is taken from the chemical used to make it. Soda Mask is made of sodium silicate, often known as "sodium glass" or "soluble glass," and has qualities similar to quartz mask substrates. Its key feature is that its surface has been treated to form an alkali ion layer, which can reduce hot carrier injection during the electron beam lithography process.The expanding need for semiconductor equipment across multiple industries, together with increased investment in the flat panel display industry, is expected to fuel market expansion in the coming years.
COVID-19 Impact: Pandemic Caused Supply, Demand Disruptions and Workforce Challenges Downfall the Market Growth
Factory shutdowns, transportation limitations, and reduced employee capacity during lockdowns all caused disruptions in the semiconductor supply chain. This have caused delays in the availability of critical supplies, chemicals, and equipment, potentially compromising the supply. Almost every business on the planet has suffered a setback in the previous 18 months. This can be attributed to substantial disruptions in their respective manufacturing and supply-chain operations as a result of several precautionary lockdowns and other constraints imposed by governments worldwide. The photomask market is no different. Furthermore, consumer tastes have diminished as people are now much more focused on cutting non-essential expenses from their budgets as the outbreak has negatively impacted the overall economic condition of most people. The aforementioned reasons are projected to have a negative impact on the revenue trajectory of the photomask market throughout the forecast period.
LATEST TRENDS
"Surge in Utilization of Automated Systems Across Various Industry Verticals to Rise Up the Market Share"
The growing trend of digital transformation increases the demand for IoT-based smart solutions and automation across a variety of industries in order to adopt and enable new autonomous capabilities. Demand for new machines and plants has been constantly increasing across all vertical industries. The majority of automation in industries is utilised to improve product quality, plant efficiency, and uniform production. As a result, the increased demand for IoT-based smart solutions is likely to fuel photomask market growth over the forecast period. Furthermore, numerous manufacturing businesses are focusing on achieving safe, rapid, and efficient production outputs, which increases the demand for factory automation. Photomasks are necessary for semiconductor production in such automated systems. As a result, attractive chances for the photomask will emerge.
Soda Photomask Market SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type Analysis
Based on type, the market is subdivided into soda chrome mask, soda emulsion mask and others.
- By Application Analysis
Based on the applications, the market is subdivided into semiconductor, flat panel display, touch industry, circuit board and others.
DRIVING FACTORS
"Rising Adoption of Consumer Electronic Products to Shoot Up the Market Growth"
The electronics business has expanded and has become one of the world's largest users of electronics. Population expansion in large countries such as China, India, and the United States has increased people's disposable income and expenditure on luxury goods and technology equipment. Economic consumption of consumer electronic equipment is expanding in India as the middle-class population grows. However, in such electronic devices, semiconductors and integrated circuits (ICs) are required for processing, and a photomask is required during wafer production to create a pattern on the wafer. As a result, the demand for photomask grows even more. Furthermore, the advent of advanced technologies such as IoT in electronics devices is leading to a growth in demand for soda photomask during the fabrication of electronic device components.
"Surge in the Demand of Semiconductors to Advance Up the Market Share"
Photomask is used in the semiconductor manufacturing process. The semiconductor industry has grown significantly in recent years as a result of factors such as the emergence of IoT, cloud computing, data analytics, and AI. Furthermore, the increase in demand for semiconductor ICs is predicted to strengthen semiconductor development capacity, which would boost the growth of the soda photomask market.
RESTRAINING FACTOR
"Havoc and Advent of Novel Coronavirus to Set Back the Market Growth"
The global financial uncertainties and macroeconomic problems, including currency exchange and economic issues, will slow the growth rate of the photomask market. The negative impact of the COVID-19 epidemic on the supply chain will present a significant obstacle to the market's growth pace. The key restraints on the growth of the photomask industry are the continuous shrinking geometrics of semiconductor ICs and technical restrictions. These factors will limit the soda photomask market growth over the forecast period.
Soda Photomask Market REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Asia Pacific to Lead with Major Applications in Semiconductor Manufacturing"
The global demand for improved semiconductor devices drives the soda photomask market share. The Asia Pacific is projected to grow with the highest growth rate. The Asia-Pacific area, particularly Taiwan, South Korea, China, and Japan, has long been a leader in semiconductor manufacturing. Because of their large industrial presence, they are early users of modern CMP cleaning solutions. During the forecast period, the region is expected to have the fastest-growing soda photomask market for embedded display.
KEY INDUSTRY PLAYERS
"Prominent Players Contributing in the Market Growth"
The market is highly competitive, with both international and domestic players. Major players are involved in the launch of new and improved products, collaborations, mergers and acquisitions, joint ventures, and other tactics. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the forecasted period is listed in the report.
List of Market Players Profiled
- Toppan (Japan)
- Photronics (France)
- ShenZheng QingVi (China)
- Taiwan Mask (China)
- Newway Photomask (China)
- SK-Electronics (India)
- Compugraphics (U.S.A)
- Nippon Filcon (Japan).
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 175.7 Million in 2022 |
Market Size Value By |
US$ 208.3 Million by 2028 |
Growth Rate |
CAGR of 2.9% from 2022 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the soda photomask market expected to touch by 2028?
The global soda photomask market is expected to touch USD 208.3 million by 2028.
-
What CAGR is the soda photomask market expected to exhibit by 2028?
The soda photomask market is expected to exhibit a CAGR of 2.9% by 2028.
-
What are the driving factors of the soda photomask market?
Rising adoption of the consumer electronic products and the surge in demand of the semiconductors are the driving factors of the soda photomask market.
-
Which are the top companies operating in the soda photomask market?
Photronics, Toppan, DNP, Hoya, SK-Electronics, LG Innotek, ShenZheng QingVi, Taiwan Mask, Nippon Filcon, Compugraphics, Photronics and others are the top companies operating in the soda photomask market.