Global semiconductor packaging materials market to grow at 4.79% CAGR from 2016-2020

Research and Markets’ recent report, “Global Semiconductor Packaging Materials Market 2016-2020”, expects the global semiconductor packaging materials market to grow at a CAGR of 4.79% during the period of 2016-2020.

The report covers the present market and the growth prospects of the global semiconductor packaging materials market for the period 2016-2020. To calculate the market size and geographical segmentation, the report considers the revenue generated from the sales of different types of packaging based on the type of material, which can be broadly classified as either leadframe based or laminate substrate based.

Market Challenges, Drivers and Trends

The semiconductor industry is facing many changes in technology, including the introduction of 3D ICs, including 3D NAND, FinFETs, and stacked dies. The increase in demand for multifunctional and high-performance ICs in electronic devices is driving the need for regular technological upgrades. 3D ICs are an ideal solution to meet the growing demand for smaller and higher-performance ICs in the consumer electronics segment. 3D NAND is another technology that provides a large memory storage area in minimal space; this technology will likely capture 54.82% of the total NAND market by the end of 2020.

According to the report, the demand for polymer adhesive wafer bonding equipment is rising due to the increasing adoption of advanced packaging applications like TSV, 2.5D and 3D ICs, stacked die packaging, and MEMS packaging. Polymer adhesive wafer bonding equipment provides reliable thinning and backside processing of the stacked dies. In addition, it lowers the cost of TSV (through-silicon via) integration. The rising demand for polymer adhesive wafer bonding equipment will, therefore, have a moderately high impact on the market for semiconductor devices as this equipment supports 3D packaging, which is the future of the semiconductor packaging and assembly industry.

Further, the report states that the currency fluctuation in countries such as China and Japan negatively affects the growth of semiconductor packaging materials market

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