May. 25, 2023 /SemiMedia/ -- According to the Global Semiconductor Packaging Materials Outlook report jointly released by SEMI, TECHCET and TechSearch International, driven by strong demand for new electronic innovations, the global semiconductor packaging materials market is expected to reach US$29.8 billion by 2027, with a compound annual growth rate (CAGR) of 2.7%, up from $26.1 billion in revenue in 2022

SEMI: Global semiconductor packaging materials market to reach $29.8 billion by 2027-SemiMedia

High-performance applications, 5G, artificial intelligence (AI) and the adoption of heterogeneous integration and system-in-package (SiP) technologies are increasing demand for advanced packaging solutions. The development of new materials and processes to enable chips with higher transistor density and greater reliability are also contributing to market growth.

“The semiconductor packaging materials industry is undergoing significant changes as new technologies and applications are driving demand for more advanced and diverse materials,” said Jan Vardaman, President and founder of TechSearch International. “Advances in dielectric materials and underfill are driving strong demand for fan-in and fan-out wafer level packaging (FOWLP), flip chip, and 2.5D/3D packaging. New substrate technologies such as silicon interposers and organic interposers using RDL (Re-Distribution Layer) are also key growth drivers of packaging solutions. At the same time, research on laminate substrates with finer features continues with the development of glass cores for build-up substrates.”