2024年中国半导体材料行业总览：高端材料国产化持续推进（摘要版）

Investment Rating - The report does not explicitly state an investment rating for the semiconductor materials industry Core Insights - The semiconductor materials industry is essential for semiconductor manufacturing processes, divided into wafer manufacturing materials and packaging materials [6][9] - In 2024, the semiconductor materials market is expected to recover due to the drive from the AI industry, replenishment of storage chips, and expansion of wafer factories [12][13] Industry Overview - Semiconductor materials are crucial for making transistors, integrated circuits, power electronic devices, and optoelectronic devices [6][9] - The market structure of semiconductor materials is divided into wafer manufacturing materials (62.8% market share) and packaging materials (37.2% market share) [9][10] - In 2021, wafer manufacturing materials accounted for 62.8% of the global semiconductor materials market, while packaging materials accounted for 37.2% [10][12] Wafer Manufacturing Materials - Silicon wafers are produced through processes like photolithography and ion implantation, essential for integrated circuits and various semiconductor devices [14][16] - The trend is shifting towards 12-inch wafers as the mainstream size, although 8-inch wafers still hold application advantages [16][19] - The global silicon wafer market saw a decline in 2023, with a market size of $12.3 billion, down 10.9% year-on-year, primarily due to weak terminal demand and high inventory [19][21] Market Dynamics - The global semiconductor materials market grew from $43.3 billion in 2015 to $72.7 billion in 2022, with fluctuations in growth driven by demand from consumer electronics, 5G, and automotive electronics [12][13] - The market is expected to gradually recover in 2024, driven by the rapid development of the AI industry and the replenishment of storage chips [12][13] Competitive Landscape - The global silicon wafer market is highly concentrated, with a CR7 of 94.5% as of 2020, dominated by companies like Shin-Etsu Chemical, SUMCO, and GlobalWafers [21][22] - Hu Silicon Industry is the largest semiconductor silicon wafer manufacturer in mainland China, having achieved large-scale production of 300mm silicon wafers [21][22]