Silicon Wafers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019

Albany, NY -- (SBWire) -- 04/14/2016 --A new market report by Transparency Market Research presents an illustrative study on the global market for silicon wafers. The research study, titled "Silicon Wafers Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2013 - 2019", is available for sale on the website of TMR.

The research report analyzes the worldwide market for silicon wafers on the basis of product type and application. Based on product type, the worldwide silicon wafers market is classified into the polished wafers, non-polished wafers, and epitaxial wafers segments. Automotive controls, solar cells, calculators, computers, smartphones, laptops, ships, and space crafts are the prime application areas of silicon wafers in the global arena.

Several international semiconductor manufacturers are focusing on the expansion of their production capacities in order to meet the rising requirement for semiconductors, triggered by increasing demand in technically advanced electronic gadgets and devices, globally. According to the research report, this factor is fuelling the demand for silicon wafers in the semiconductor industry significantly. In addition to this, the increasing disposable income of consumers worldwide has raised the demand for technically advanced electronic gadgets, resulting in the heightened demand for silicon wafers in the global arena.

On the other hand, the high cost associated with silicon wafer production due to expensive components, is hampering the market to a significant extent. The replacement of these wafers by silicon thin films, owing to the latter's lightweight and economic attributes, is also posing severe challenges for the steady growth of this market, states the research report.

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Asia Pacific, North America, Europe, and the Rest of the World are the main regional markets for silicon wafers, states the research report. Among these, the silicon wafers market in Asia Pacific is projected to emerge as the leading regional market, rising at a much faster rate than the global average over the forecast period. The expanding application area of semiconductors in this region is the key driving force behind the substantial growth of this regional market, notes the research study.

As per the market report, mergers, acquisitions, and collaborations are the key strategies adopted by major participants in the global silicon wafers market for further expansion of their business. The key companies operating in the market are SUMCO Corp, Shin-Etsu Handotai Co. Ltd., LG Siltron Inc., Siltronic AG, and SunEdison, says the research study.

Other prominent market players mentioned in this research report are MEMC Electronic Materials Inc., Wafer Works Corp., Renewable Energy Corp., Sino-American Silicon Products, Shanghai Simgui Technology, and Okmetic.

About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.