| Product Code: ETC4513585 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
India`s semiconductor and IC packaging materials import shipments in 2024 continued to be dominated by key players such as China, USA, Germany, South Korea, and Japan. The Herfindahl-Hirschman Index (HHI) indicated a high concentration within the market. With a notable Compound Annual Growth Rate (CAGR) of 8.96% from 2020 to 2024, the industry showed strong resilience and expansion. The growth rate for 2023-24 stood at 2.74%, showcasing steady progress. These trends suggest a promising outlook for the semiconductor and IC packaging materials sector in India, driven by ongoing collaborations with major exporting countries.
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The semiconductor IC packaging materials market in India is an integral part of the electronics industry. These materials include substrates, lead frames, and encapsulation materials, crucial for protecting and enhancing the performance of integrated circuits. As India electronics manufacturing sector expands, driven by increasing consumer demand for electronic devices, the semiconductor IC packaging materials market is growing as well. The rise in smartphone production, IoT devices, and the push for local manufacturing have contributed to the market`s development.
The India Semiconductor IC Packaging Materials Market is witnessing robust growth due to several key drivers. First, the expansion of the electronics and semiconductor manufacturing industry in India is driving the market. IC packaging materials, including leadframes, substrates, and encapsulants, are essential in the assembly and protection of semiconductor devices. Second, the increasing demand for consumer electronics, smartphones, and automotive electronics is boosting the need for advanced packaging materials. Third, government initiatives that support the electronics and semiconductor sectors are promoting investments in IC packaging material production. Moreover, the development of advanced packaging materials and the expansion of production capacity in India are supporting the market`s growth by reducing dependency on imports and encouraging domestic manufacturing.
The semiconductor IC packaging materials market in India grapples with challenges related to technological advancements and miniaturization. Keeping pace with the demands for smaller, more efficient packaging materials is a significant challenge. Ensuring that packaging materials can protect delicate semiconductor components while maintaining electrical performance is vital. Supply chain resilience and meeting international standards for semiconductor packaging materials are additional challenges.
The COVID-19 pandemic had a mixed impact on the semiconductor IC packaging materials market in India. While there were disruptions in the global supply chain for semiconductor materials, the market also saw a boost in demand for chips used in medical devices and remote working technologies. The semiconductor industry was under pressure to meet the increasing demand while facing logistical challenges.
Major contributors in India semiconductor IC packaging materials market include companies like Henkel Adhesives Technologies India Pvt. Ltd., Dow India, and BASF India Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Semiconductor & IC Packaging Materials Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Semiconductor & IC Packaging Materials Market Revenues & Volume, 2021 & 2031F |
3.3 India Semiconductor & IC Packaging Materials Market - Industry Life Cycle |
3.4 India Semiconductor & IC Packaging Materials Market - Porter's Five Forces |
3.5 India Semiconductor & IC Packaging Materials Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Semiconductor & IC Packaging Materials Market Revenues & Volume Share, By Packaging Technologies, 2021 & 2031F |
4 India Semiconductor & IC Packaging Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for consumer electronics and automotive electronics in India |
4.2.2 Growing investments in research and development for semiconductor technologies |
4.2.3 Favorable government initiatives and policies to boost the semiconductor industry in India |
4.3 Market Restraints |
4.3.1 High initial setup costs and capital expenditure for semiconductor manufacturing facilities |
4.3.2 Lack of skilled workforce and expertise in semiconductor packaging processes in India |
5 India Semiconductor & IC Packaging Materials Market Trends |
6 India Semiconductor & IC Packaging Materials Market, By Types |
6.1 India Semiconductor & IC Packaging Materials Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Organic substrates, 2021-2031F |
6.1.4 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Bonding wires, 2021-2031F |
6.1.5 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Leadframes, 2021-2031F |
6.1.6 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Encapsulation resins, 2021-2031F |
6.1.7 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Ceramic packages, 2021-2031F |
6.1.8 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Die attach materials, 2021-2031F |
6.1.9 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Solder balls, 2021-2031F |
6.1.10 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By Solder balls, 2021-2031F |
6.2 India Semiconductor & IC Packaging Materials Market, By Packaging Technologies |
6.2.1 Overview and Analysis |
6.2.2 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By SOP, 2021-2031F |
6.2.3 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By GA, 2021-2031F |
6.2.4 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By QFN, 2021-2031F |
6.2.5 India Semiconductor & IC Packaging Materials Market Revenues & Volume, By DFN, 2021-2031F |
7 India Semiconductor & IC Packaging Materials Market Import-Export Trade Statistics |
7.1 India Semiconductor & IC Packaging Materials Market Export to Major Countries |
7.2 India Semiconductor & IC Packaging Materials Market Imports from Major Countries |
8 India Semiconductor & IC Packaging Materials Market Key Performance Indicators |
8.1 Percentage increase in semiconductor consumption in India |
8.2 Number of semiconductor research and development collaborations in India |
8.3 Growth in the number of semiconductor manufacturing facilities in India |
9 India Semiconductor & IC Packaging Materials Market - Opportunity Assessment |
9.1 India Semiconductor & IC Packaging Materials Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Semiconductor & IC Packaging Materials Market Opportunity Assessment, By Packaging Technologies, 2021 & 2031F |
10 India Semiconductor & IC Packaging Materials Market - Competitive Landscape |
10.1 India Semiconductor & IC Packaging Materials Market Revenue Share, By Companies, 2024 |
10.2 India Semiconductor & IC Packaging Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |