SAN FRANCISCO, July 11, 2016 /PRNewswire/ --
The global silicon wafer reclaim market size is expected to reach USD 577.3 million by 2024, according to a new report by Grand View Research, Inc. Increasing raw material prices for manufacturing virgin silicon wafers are likely to compel manufacturers to adopt reclaim technologies. Rising demand for the product as test wafers for testing, controlling and monitoring semiconductor fabrication processes is expected to be a key driver for the industry growth. Rising consumer awareness coupled with government focus on renewable energy sector is expected to drive demand for solar PVs, which in turn is expected to have a positive impact on the market over the projected period.
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Technological advancements in the reclaiming process to increase yield, improve quality, cut reclaim cycle time and reduce cost is expected to open new avenues for the industry growth. The rapid growth of end-use industries including solar photovoltaic and consumer electronics is likely to propel demand for the product and impact the reclaim industry on a positive note. Competitive pricing trends in the consumer electronics industry have resulted in increased demand for low-cost raw materials, which is likely to open new avenues for the market over the next eight years.
300 mm reclaimed silicon wafers dominated the industry and are projected to grow at a significant share owing to its rising demand for solar cell manufacturing. Higher efficiencies offered by 300 mm wafers than its counterparts including 200 mm and 150 mm wafers are anticipated to offer a competitive advantage for the product market over the forecast period. Solar cell manufacturing is expected to be major application segment for the industry owing to increasing solar PV installations across various parts of the world.
Browse full research report with TOC on "Silicon Wafer Reclaim Market Analysis By Product (150mm, 200mm, 300mm), By Application (Integrated Circuits, Solar Cells) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/silicon-wafer-reclaim-market
Further key findings from the report suggest:
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Grand View Research has segmented the global silicon wafer reclaim market on the basis of product, application and region:
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About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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