Spin on Carbon Market by Type (Hot-Temperature Spin on Carbon, Normal-temperature Spin on Carbon), Application (Logic Devices, Memory Devices, Power Devices, Photonics, Advanced Packaging), End User and Region - Global Forecast to 2028
[174 Pages Report] According to MarketsandMarkets, the spin on carbon market is projected to grow from USD 199 million in 2023 to USD 747 million by 2028, registering a CAGR of 30.2% during the forecast period. The rapid technological advancements in semiconductor manufacturing, the complexity of integrated circuits, and the development of advanced packaging solutions are expected to propel the spin on carbon in the semiconductor market in the next five years. However, competitive substitution materials will likely pose challenges for industry players.
The objective of the report is to define, describe, and forecast the spin on carbon market based on material type, application, end user, and region.
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Spin on Carbon Market Dynamics.
Driver: Expansion of EUV (Extreme Ultraviolet) Lithography in Memory manufacturing
With the growing adoption of data-driven technologies, artificial intelligence, and various high-performance computing applications, demand is increasing for more powerful and efficient chips. Prominent companies such as Intel Corporation, Advanced Micro Devices, Inc., and Taiwan Semiconductor Manufacturing Company Limited have invested substantially in EUV lithography equipment. Spin-on-carbon (SOC) hard mask is useful for the multilayer lithography process because of its high etch resistance, low cost of ownership, low defectivity, high alignment accuracy, good gap filling and planarization for topography. The increasing adoption and development of spin on carbon with EUV lithography process by market players are also driving the market growth. For instance, in 2022, Brewer Science, Inc. successfully developed a pattern transfer process using their high-temperature SOC with EUV lithography. Thus, Spin-on carbon materials play a critical role in supporting and enhancing the capabilities of EUV lithography, thereby contributing to the growth of the spin on carbon market.
Restraint: Availability of substitute competitive materials
In the field of semiconductor manufacturing, several materials can serve as alternatives or substitutes for spin-on carbon materials that possess comparable or improved properties and performance characteristics. These key substitutes include spin-on metal, spin-on glass, dielectric polymers and coatings, organic polymers, and others. Inorganic hardmasks, such as silicon nitride (SiN) and silicon oxide (SiO2), offer higher etch resistance and thermal stability than SOC. This makes them more suitable for use in advanced semiconductor applications, such as extreme ultraviolet (EUV) lithography. However, the growing demand for SOC in advanced semiconductor applications is expected to drive the market growth.
Opportunities: Continued miniaturization of electronic devices
The growing trend of miniaturization in passive electronic components is leading to their integration into consumer electronics like smartphones, cameras, and speakers. Continued miniaturization of electronic devices indeed creates significant opportunities for the spin on the carbon market. As the demand for smaller, faster, and more energy-efficient electronic devices continues to grow, the role of spin-on carbon materials becomes increasingly critical in enabling the development of advanced semiconductor technologies. Further, the demand for advanced semiconductors with higher performance and miniaturization increases, and the sales of electronic materials used in semiconductor fabrication processes are expected to be driven by this segment. Thus, electronic materials such as SOC will experience substantial growth in the near future due to the increasing trend of miniaturization.
Challenges: Technical challenges associated with the SOC materials
As the development of new SOC materials and processing methods progresses, the problem of spin-on carbon breakdown at high temperatures is likely to be solved. This will make SOC a more viable option for a wider range of applications.
SOC materials play an important role in the multilayer process of integrated circuit manufacturing to achieve smaller feature sizes. However, selecting a suitable SOC material is challenging because some manufacturing processes require high temperatures ranging from 300°C to 500°C, which can cause the SOC to break down. This breakdown can be caused by several factors, including the SOC polymer's chemical structure, processing temperature, and the presence of contaminants.
Market Map/Ecosystem
Spin on Carbon Market: Key Trends.
The prominent players in the spin on carbon market are Samsung SDI Co., Ltd. (South Korea), Merck KGaA (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), YCCHEM CO., Ltd. (South Korea), Brewer Science, Inc. (US), JSR Micro, Inc. (US), KOYJ CO., Ltd. (South Korea), Irresistible Materials Ltd (UK), Nano-C (US), and DNF Co., Ltd. (South Korea) among others. These companies boast mixing trends with a comprehensive product portfolio and strong geographic footprint.
Hot-Temperature Spin on carbon is expected to grow at the highest CARG in the spin on carbon in the semiconductor market during the forecast period.
The hot-temperature spin on carbon is expected to account for a significant share and grow at the highest CAGR during the forecast period. Hot-temperature spin on carbon materials is often used in advanced semiconductor processes, including those at high temperatures. Moreover, increasing demand for advanced semiconductor devices such as miniaturized and high-performance electronic products also contributes towards the market growth. Thus, the increasing adoption of advanced semiconductor processes such as EUV lithography will drive market growth.
Power devices are expected to grow at the second highest CARG in the spin on carbon in the semiconductor market in 2023.
The power devices segment is expected to account for a significant share and grow at the second highest CAGR during the forecast period. Some common types of power devices include power diodes, power transistors, thyristors, and others. Spin on carbon materials play a significant role in the development and fabrication of power devices, contributing to various aspects of their design, manufacturing, and performance. Moreover, rising demand for high-energy and power-efficient devices in the electronics segment is further driving the demand of spin on carbon market.
Spin on carbon in the semiconductor market is expected to have a high market share in Taiwan from the Asia Pacific region during the forecast period.
The Asia Pacific region continues to be a significant market for spin on carbons. The fastest-growing market for foundries in Asia Pacific is largely based on increasing investments by TSMC (Taiwan), the world’s leading foundry, to expand capabilities in manufacturing smaller nodes. The company has made substantial investments in EUV infrastructure and has been instrumental in driving the development and commercialization of EUV lithography systems. With its strong semiconductor ecosystem and commitment to technological innovation, Taiwan plays a crucial role in advancing the capabilities and widespread adoption of EUV lithography in the semiconductor industry which will also increase the demand for spin on carbon in the manufacturing process.
The demand for smaller, faster, and more power-efficient semiconductors is driving the adoption of advanced technologies, such as EUV, advanced packaging technologies, and others. This will enable the production of high-density and high-performance chips crucial for meeting the demands of consumer electronics manufacturers in the region and thus drive the demand for spin on carbon semiconductor material in the region.
Top Companies in Spin on Carbon Market Key Market Players
Major vendors in the spin on carbon companies include Samsung SDI Co., Ltd. (South Korea), Merck KGaA (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), YCCHEM Co., Ltd. (South Korea), DONGJIN SEMICHEM CO LTD (South Korea), Brewer Science, Inc. (US), JSR Micro, Inc. (US), KOYJ Co., Ltd. (South Korea), Irresistible Materials Ltd (UK), Nano-C (US), and DNF Co., Ltd. (South Korea) among others.
Spin on Carbon market Report Scope:
|
Report Metric |
Detail |
| Estimated Value | USD 1.6 billion |
| Projected Value | USD 3.2 billion |
| Growth rate | CAGR of 14.6% |
|
Market Size Available for Years |
2019–2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023–2028 |
|
Units |
Value (USD Million/USD Billion) |
|
Segments Covered |
Material Type, Application, End User, and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, and RoW |
|
Companies Covered |
Samsung SDI Co., Ltd. (South Korea), Merck KGaA (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), YCCHEM Co., Ltd. (South Korea), Brewer Science, Inc. (US), JSR Micro, Inc. (US), KOYJ Co., Ltd. (South Korea), Irresistible Materials Ltd (UK), Nano-C (US), and DNF Co., Ltd. (South Korea) among others. |
This report categorizes the spin on the carbon market based on material type, application, end-user, and region.
By Material Type
- Hot-temperature spin on carbon
- Normal-temperature spin on carbon
By Application
- Logic Devices
- Memory Devices
- Power Devices
- MEMS
- Photonics
- Advanced Packaging
By End User
- Foundries
- Integrated Device Manufacturers (IDMs) and outsourced Semiconductor Assembly and Test (OSAT)
By Region
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- UK
- France
- Rest of Europe
-
Asia Pacific
- China
- Japan
- South Korea
- Taiwan
- Rest of Asia Pacific
-
RoW
- South America
- GCC
- Rest of the Middle East & Africa
Recent Developments in Spin on Carbon Industry
- In September 2023, Samsung Electronics announced a new collaboration with AMD to advance 5G virtualized RAN (vRAN) for network transformation. This collaboration represents Samsung’s ongoing commitment to enriching vRAN and Open RAN ecosystems.
- In February 2023, Merck KGaA expanded its presence in Kaohsiung, Taiwan, for a new production facility in its semiconductor solutions business. The site is to be expanded in multiple stages.
- In August 2023, Brewer Science, Inc. unveils innovative advanced packaging solutions at SEMICON Taiwan and Advanced Packaging Summit 2023. This new material improvements for advanced packaging, focusing on excellent bonding uniformity, optimizing adhesion for high-density substrates, ensuring high-temperature stability, and groundbreaking innovations in surface modification.
Frequently Asked Questions (FAQ):
Which are the major companies in the spin on carbon in the semiconductor market? What are their primary strategies to strengthen their market presence?
Samsung SDI Co., Ltd. (South Korea), Merck KGaA (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), YCCHEM Co., Ltd. (South Korea), and DONGJIN SEMICHEM CO LTD (South Korea) are the leading players in the market. These companies have adopted organic and inorganic growth strategies such as product launches, partnerships and acquisitions, to gain a competitive advantage in the market.
Which is the potential market for the application?
Memory devices and advanced packaging are applications with high growth opportunities owing to advancements in technology.
What are the opportunities for new market entrants?
Factors such as continued miniaturization of electronic devices and advanced memory development for next generation memory devices are creating opportunities for the players in the market.
Which end user is expected to drive market growth in the next six years?
Foundries are expected to remain the major end user driving spin on carbon demand.
What are the major strategies adopted by spin on carbon companies?
The spin on carbon companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the spin on carbon market. .
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The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the spin on carbon market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the spin on carbon market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the spin on carbon market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.
Secondary research
In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, spin on carbon products-related journals, certified publications; articles by recognized authors; directories; and databases.
Secondary research was conducted to obtain key information about the industry supply chain, market value chain, key players, market classification and segmentation as per industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.
Primary research
In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and key executives from major companies in the spin on carbon market.
After going through market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.
To know about the assumptions considered for the study, download the pdf brochure
Market size estimation
In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the spin on the carbon market.
The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Spin on carbon market: Bottom-up approach.
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Spin on carbon market: Top-down approach.
Data triangulation
After arriving at the overall size of the spin on carbon market from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, the market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using top-down and bottom-up approaches.
Market Definition
Spin-on carbon (SoC) hard masks are an increasingly key component of the microchip fabrication process. They are used to improve the resists’ selectivity to silicon during plasma etching, and as chip architectures become increasingly complex, they are increasingly used to improve the aspect ratio of features in silicon. Spin-on carbon is used for various purposes in semiconductor fabrication. Spin-on carbon can also serve as an insulating layer or as a planarizing agent to ensure the flatness of the wafer surface.
Overall, spin-on carbon plays a crucial role in the development and production of semiconductor devices, enabling the creation of intricate patterns and structures on the wafer surface during the various stages of the manufacturing process. Its use is vital for the production of smaller and more complex semiconductor components that are integral to the advancement of modern electronics.
Key Stakeholders
- Raw material suppliers for system manufacturing
- Sensor manufacturers
- Semiconductor manufacturers
- Research institutes and government organizations
- Traders, distributors, and suppliers of electronic devices
- Automobile manufacturers
- Automotive sensor manufacturers
- Logic devices manufacturers
- The semiconductor industry as an end-use industry
Report Objectives
- To define, describe, and forecast the spin on carbon market based on material type, application, end user, and region
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To forecast the sizes of various segments with respect to four major regions—
North America, Europe, Asia Pacific, and RoW (Rest of the World) - To provide a detailed analysis of the spin on the carbon supply chain
- To analyze the impact of the recession on the spin on carbon market
- To strategically analyze the micro markets with respect to individual growth trends and prospects and their contributions to the overall market
- To analyze competitive developments, such as expansions, agreements, partnerships, acquisitions, product developments, and research and development (R&D), in the spin on carbon market
- To analyze the opportunities for market players and provide details of the competitive landscape of the market
- To benchmark the market players using the proprietary, company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy excellence and strength of product portfolios
- To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with a detailed competitive landscape of the market.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.
Product Analysis
- Detailed analysis and profiling of additional market players
The following customization options are available for the report:
- Market sizing and forecast for additional countries
- Additional five companies profiling
Growth opportunities and latent adjacency in Spin on Carbon Market