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Porous Silicon Substrates Market Analysis by Type (Microporous, Mesoporous, and Macroporous); and by Application (Medical & Healthcare, Battery Applications, Thin Film Applications, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • NGK SPARK PLUG CO., LTD. have invested in Neoplas med GmbH through a CVC fund jointly operated with Pegasus, Tech Ventures. Neoplas med GmbH had recently launched a unique wound healing technology named as low temperature plasma jet therapy.

Global Porous Silicon Substrates Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2033)

~ USD 10 Billion

The global porous silicon substrates market is estimated to garner a revenue of ~USD 10 Billion by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 Billion in the year 2022. The primary growth factor of porous silicon substrates market is attributed to increase in number of Internet of Things (IoT) across the world. Recent data revealed that the number of Internet of Things (IoT) is forecasted to be tripled from 10 billion in 2020 to 30 billion in 2030.

Porous-Silicon-Substrates-Market-Size

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The penetration of technology plays an important role in the development of macro-porous silicon and especially with the innovation of the IoT and connected devices, the porous silicon substrates market is estimated to witness rapid growth. Increasing demand for porous silicon substrates for a high degree of biocompatibility, and the development of advanced semiconductor components, are expected to propel demand over the coming years. Thus, the high revenue generation by IoT are anticipated to expand the porous silicon substrates market. By 2025, IoT solutions is forecasted to generate around 12 trillion dollars worldwide.

Global Porous Silicon Substrates Market: Growth Drivers and Challenges

Growth Drivers

  • Expansion of Electronics Sector – Porous silicon substrates are being highly utilized in wide range of electronics such as computers, energy devices, healthcare devices and other applications. Thus, the growth in expansion of electronics sector is anticipated to gather notable revenue in the assessment period. As per recent estimates, it was calculated that the revenue generated by the U.S. electronics industry in 2019 stood up at USD 300 billion.
  • Growth in Healthcare Sector – Porous silicon substrates are a preferred choice for the manufacturing of medical devices owing to its characteristics such as efficient solutions, bio-compatibility silicon, environmental monitoring, photo-electrochemical cells, and buffer layer in heteroepitaxy. Lately, it was estimated that revenue generation by healthcare segment stood up at approximately USD 60 billion in 2022.
  • Surge in Chemical Industry – Latest reports stated that the revenue garnered by the global chemical industry in the year 2021 was approximately 4 trillion dollars, a considerable increment from the previous year with 3 trillion dollars.
  • Rise in Research and Development Expenditure – As per the World Bank, global research and development spending increased to 2.63% of total GDP in 2020.

Challenges

  • Fluctuation in Costs of Raw Materials
  • Low Adoption Rate
  • Stringent Rules by Government

The porous silicon substrates market is segmented and analyzed for demand and supply by application into medical & healthcare, battery applications, thin film applications, and others. Out of these, medical & healthcare segment is attributed to hold largest market share by 2033, owing to the high number of users in healthcare sector. A study stated that by 2025, global healthcare sector users is forecasted to stood up at approximately 1.3 billion people. Also, the user penetration was calculated to be 12% in 2022 and expected to rise to 18% by 2025.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Demand-Analysis

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Porous Silicon Substrates Market Regional Synopsis

Regionally, the global porous silicon substrates market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2033, owing to the expansion of electronics sector in the region. In 2019, the U.S. consumer electronics industry was predicted to garner almost 300 billion U.S. dollars. Another growth factor that is attributed to contribute positively in the expansion of porous silicon substrates market in the region is the high consumption of chemicals by Americans.   The calculation of the consumption of chemicals, in the year 2020, was estimated to reach at least 230 million tons, which is 4% more than in 2019.

Porous-Silicon-Substrates-Market-Growth

The global porous silicon substrates market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Porous silicon substrates market Segmentation

Our in-depth analysis of the global porous silicon substrates market includes the following segments:

By Type

  • Microporous
  • Mesoporous
  • Macroporous

By Application

  • Medical & Healthcare
  • Battery Applications
  • Thin Film Applications
  • Others

Top Featured Companies Dominating the Global Porous Silicon Substrates Market

  • NORITAKE CO., LIMITED
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • NGK SPARK PLUG CO., LTD.
  • Refractron Technologies Corp.
  • Microchemicals GmbH
  • Porous Silicon

 

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