半导体材料行业：高端材料国产化进程持续推进

Summary of Semiconductor Materials Industry Conference Call Industry Overview - The semiconductor materials industry is crucial for semiconductor and integrated circuit manufacturing, encompassing various segments such as wafer manufacturing materials and packaging materials [2][3][5] - In 2021, the global semiconductor materials market reached a size of $72.7 billion, with wafer manufacturing materials accounting for 62.8% and packaging materials for 37.2% [2][6] - Taiwan is the largest consumer region for semiconductor materials, followed closely by mainland China [2][6] - The market is expected to face a decline in 2023 but is projected to recover in 2024 [2][3][6] Key Materials and Market Dynamics - Silicon Wafers: As a key material in integrated circuit manufacturing, advancements in technology and increasing market demand are driving the industry. The purity of silicon wafers is improving, expanding their application areas [2][3][4] - Electronic Gases: These are essential raw materials in the semiconductor industry, crucial for enhancing production precision and efficiency. The global electronic gases market reached $5.001 billion in 2022 and is expected to grow to $6.023 billion by 2025, with an annual growth rate of 6.39% [7] - Electronic Chemicals and CMP Polishing Materials: These are vital for semiconductor manufacturing, with the market primarily dominated by overseas manufacturers. However, some sectors have achieved domestic production in China [5][12] Market Structure and Competition - The global electronic gases market is characterized by an oligopolistic structure, with major players including Linde (Germany) and Air Products (USA), which together hold a significant market share [4][8] - The electronic technology market in China is rapidly expanding, reaching $22.1 billion in 2022 and projected to grow to $31.7 billion by 2025, with integrated circuits and display panels being the two main application areas [4][7] - The market for CMP polishing materials is highly concentrated, with Dow DuPont holding a 79% market share in 2019. Chinese company Dinglong has begun to break the monopoly of foreign manufacturers [11] Technological Advancements and Domestic Production - The domestic production of high-end semiconductor materials is progressing, with certain areas achieving significant levels of localization, particularly in electronic specialty gases [2][4] - The market for photomasks and photoresists is highly concentrated, with stringent technological requirements. The domestic production rates for various types of photoresists are still low, with EUV photoresists nearing 0% [11] Conclusion - The semiconductor materials industry is poised for recovery in 2024 after a downturn in 2023, driven by technological advancements and increasing demand in various application areas. The competitive landscape remains dominated by a few key players, while domestic production efforts are gaining momentum in China [2][3][6][7]