Silicon Wafer Reclaim Market Forecast 2023 - 2031

By Diameter :

Based on the diameter, the market is bifurcated into 100-200 mm and 201-300 mm. The 100-200 mm segment accounted for the largest revenue share in the year 2022. Silicon wafers with diameter ranging from 100-200 mm are primarily used in the production of multiple electronic devices, including integrated circuits (ICs), solar cells, optoelectronic devices, and microelectromechanical systems (MEMS). Moreover, silicon wafers with 100-200 mm diameter range are deployed in various industries including consumer electronics, automotive, and solar energy among others.

For instance, Optim Wafer Services is a silicon wafer reclaim provider that offers silicon wafer reclaim services for wafer diameter ranging from 100mm – 200mm. Therefore, the increasing prevalence of silicon wafer reclaim providers for processing wafer diameter ranging from 100–200 mm is a prime factor proliferating the growth of the segment.

The 201-300 mm segment is anticipated to register the fastest CAGR growth during the forecast period. Silicon wafers with diameter ranging from 201-300 mm are large wafers composed silicon that are utilized in the fabrication of microelectronic devices, including transistors and integrated circuits (ICs) among others. Moreover, silicon wafers with 201-300 mm diameter range are used in various industries including telecommunication, consumer electronics, and other industrial applications.

For instance, NOVA Electronic Materials LLC is a silicon wafer reclaim provider that provides silicon wafer reclaim services for wafer diameter ranging up to 300 mm. The company's reclaim process involves several steps including sorting, inspection and evaluation among others. Thus, the rising prevalence of silicon wafer reclaim providers offering reclaim services for wafer diameter ranging from 201-300 mm is a prime factor anticipated to drive the market during the forecast period.

By Application :

Based on the application, the market is segregated into integrated circuits, solar cells, and others. The solar cells segment accounted for the largest revenue share in the year 2022. Silicon wafer reclaim is primarily used in the fabrication of solar cells for improving the conversion efficiency of silicon solar cells and increasing its light absorption. Moreover, the utilization of reclaimed silicon wafers provides an eco-friendly method for fabrication of solar cells, which is a key determinant for driving its application in solar cells.

For instance, in May 2023, LONGi Green Energy Technology Co. Ltd. launched the new perovskite/crystalline silicon tandem solar cells with an efficiency of 31.8%. Hence, the increasing innovation associated with silicon solar cells is a prime factor fostering the growth of the segment.

Integrated circuits segment is expected to witness the fastest CAGR growth during the forecast period. Silicon wafer reclaim is used in the manufacturing of integrated circuits used in various sectors including consumer electronic devices, automobile electronic components, and others. Additionally, silicon wafer reclaim provides an economical method for fabrication of integrated circuits at a relatively lower costs, which is a key aspect for driving its application in integrated circuits.

According to GSM Association, the adoption of smartphones in Italy is projected to reach 81% by 2025, witnessing an increase from 77% in 2021. Thus, the growing consumer electronics sector is among the primary factors anticipated to drive the adoption of silicon wafer reclaim for fabrication of integrated circuits used in consumer devices, in turn fostering the market growth during the forecast period.

By End-User :

Based on the end-user, the market is segregated into consumer electronics, automotive, solar energy, telecommunication, and others. The solar energy segment accounted for the largest revenue share of 39.21% in the year 2022. Factors including the prevalence of green energy targets, rising demand for renewable sources for power generation, and government incentives and tax rebates for installation of solar panels are fostering the growth of the solar energy segment.

For instance, according to the International Energy Agency, solar PV installations reached up to 18 GW in India in 2022, depicting a growth of nearly 40% as compared to 2021. Thus, the growing solar energy sector is driving the adoption of silicon wafer reclaim for application in solar cells, in turn driving the growth of the market.

Consumer electronics segment is expected to witness fastest CAGR growth during the forecast period. The growth of consumer electronics segment is primarily driven by multiple factors including the rising demand for miniaturized circuits in electronic devices, growing adoption of smartphones, computers, and other consumer devices, and rising popularity of smart wearable devices among others.

For instance, according to Atradius, the consumer electronics industry in Spain observed a growth of 3.5% in 2021 in contrast to 2020. Silicon wafer reclaim is primarily used in the fabrication of integrated circuits used in consumer devices such as smartphones, laptops, and others. Thus, the growing consumer electronics sector is increasing the utilization of silicon wafer reclaim, in turn contributing to market growth during the forecast period.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is estimated to reach over USD 880.97 Million by 2031 from a value of USD 228.24 Million in 2022 and is projected to grow by USD 260.49 Million in 2023. The prevalence of significant number of silicon wafer reclaim providers in North America including NanoSILICON Inc., NOVA Electronic Materials LLC, Wafer World Inc., Noel Technologies Inc., and others are contributing to market growth in the region. Moreover, the growth of solar energy, automotive, and other sectors is a vital factor driving the market demand for silicon wafer reclaim in the region.

For instance, according to International Energy Agency, the total installation of solar PV capacity in Canada reached up to 4.55 GW in 2021, representing a growth of approximately 26% in comparison to 2020. The above factors are driving the demand for silicon wafer reclaim for eco-friendly fabrication of solar cells, in turn driving the market growth in North America. Furthermore, increasing investments in electric vehicles and rising demand for semiconductors are projected to drive the market growth in North America during the forecast period.

Asia-Pacific is expected to grow with the highest CAGR growth of 17.0% and is estimated to reach over USD 687.25 Million by 2031 from a value of USD 171.13 Million in 2022 and is projected to grow by USD 195.97 Million in 2023. In addition, in the region, the China accounted for the maximum revenue share of 30.4% in the same year. The increasing pace of industrialization and development is providing lucrative growth prospects for the market in the region. Further, factors including the growth of multiple industries including consumer electronics, telecommunication, and others are driving the market growth for silicon wafer reclaim in the Asia-Pacific region.

For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, while it is estimated to grow at a significant rate to reach USD 21.18 billion by 2025. Silicon wafer reclaim provides an economical method for manufacturing of integrated circuits used in consumer devices. Therefore, the growing consumer electronics sector in the Asia-Pacific region is anticipated to drive the demand for silicon wafer reclaim, thereby proliferating market growth in the region during the forecast period.