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Semiconductor Tubing and Fittings Market Size
The global semiconductor tubing and fittings market was valued at USD 3.1 billion in 2023 and is estimated to grow at a CAGR of over 8.2% from 2024 and 2032, driven by the escalating demand for semiconductors across various industries. This demand is propelled by technological advancements and the widespread integration of electronic devices in sectors such as automotive, consumer electronics, telecommunications, and industrial automation.
Additionally, to meet this rising demand, semiconductor manufacturers are expanding their production capacities. The U.S. Bureau of Labor Statistics projects a 6% growth in employment for semiconductor processing technicians from 2021 to 2031, indicating the industry's expansion. This growth necessitates the use of high-quality tubing and fittings to ensure the integrity and efficiency of semiconductor manufacturing processes. As a result, the market is poised for continued expansion, aligning with the overall growth trajectory of the semiconductor industry.
How big is the semiconductor tubing & fittings market?
The global market for semiconductor tubing & fittings was reached USD 3.1 billion in 2023 and is estimated to grow at a CAGR of 8.2% from 2024 to 2032, driven by the escalating demand for semiconductors across various industries.
Why is the demand for fittings in semiconductor fabs increasing?
The fittings segment was worth around USD 1.9 billion in 2023 and is expected to grow at a CAGR of 8.5% through 2032, due to the critical need for contamination control and process reliability in semiconductor fabs.
What is the size of the indirect sales segment in the semiconductor tubing & fittings market?
The indirect sales segment held approximately 62.7% of the market share in 2023 and is projected to grow at a CAGR of 8.5% through 2032, as manufacturers leverage established distributor networks to reach a broader customer base.
What trends are influencing the U.S. semiconductor tubing & fittings market?
The U.S. region dominated about 80.4% share of the semiconductor tubing & fittings market in 2023 and is expected to grow at a CAGR of 8.6%, led by the expansion of chip manufacturing facilities and stringent cleanliness and safety regulations.
Who are the major players in the semiconductor tubing & fittings market?
Key players in the market include Aignep S.p.A., Camozzi Automation S.p.A., Eisele Pneumatics GmbH & Co. KG, Entegris, Inc., FITOK Group Co., Ltd., Fujikin Incorporated, IMI Precision Engineering, KITZ Corporation, MKS Instruments, Inc., Parker-Hannifin Corporation, PISCO Co., Ltd., Saint-Gobain Performance Plastics Corporation, SMC Corporation, Swagelok Company, and Valex Corporation.