For the eleventh consecutive year, Taiwan, at $12.4 billion, was the world’s largest market for semiconductor materials on the strength of its large foundry capacity and advanced packaging base. With its aggressive capacity build-up, China surpassed Korea to claim the second spot.
Both China and Taiwan registered stronger growth, while the South Korea, Japan and ROW markets also expanded.
The North America and Europe markets saw declines due to the COVID-19 pandemic. Wafer fabrication materials and packaging materials revenues totaled $34.9 billion and $20.4 billion, respectively, in 2020 for year-over-year increases of 6.5% and 2.3%.
