Shashie Pawar

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Silicon Wafers Market Estimated To Experience A Hike In Growth By 2025

Global Silicon Wafers Market is expected to reach USD 11,889.0 Million by 2025 at a CAGR of 3.19% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. Silicon wafers act as the perfect substrate material for modern semiconductors and microelectronic devices. It is used for producing microchips & chips and building ICs that are used in a wide range of electronic devices. Silicon wafers are polished, cleaned, and processed so that they can be used for different applications. The increasing demand for silicon wafers in consumer electronics, and the demand for the miniaturization of semiconductor devices are the growth factors for the global silicon wafer market. However, high manufacturing costs and design complexity are some of the few key factors that limit market growth.

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