Porous Silicon Substrates Market Share

North American Market Forecast   

North America industry is anticipated to account for largest revenue share by 2037, backed by expansion of electronics sector in the region, along with high consumption of chemicals by Americans. In 2019, the U.S. consumer electronics industry was predicted to garner almost 300 billion U.S. dollars. Moreover, the calculation of the consumption of chemicals, in the year 2020, was estimated to reach at least 230 million tons, which is 4% more than in 2019. Further, there has been growing investment made by key market players which is also estimated to boost the market expansion. Additionally, government are making an effort in order to support the expansion of porous silicon substrates in this region which would also have an influence on the market.

APAC Market Statistics

Further, the market in the Asia Pacific is also estimated to grow at the fastest rate over the forecast period. The growth of the market in this region can be attribute to growing recovery of end user industries. Owing to the region's favorable production and end-user capturing conditions, numerous manufacturers are anticipated to relocate or expand their manufacturing facilities there. Sales in East Asia are heavily reliant on the expansion of the electronics and manufacturing industries, both of which make heavy use of porous silicon substrates.