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Precursor for Semiconductor Market Size to Grow USD 5452.6 Million by 2030 at a CAGR of 10.9% | Valuates Reports

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BANGALORE, India, Sept. 20, 2024 /PRNewswire/ — Precursor for Semiconductor Market is Segmented by Type (Silicon Precursor, Metal Precursor, High-k Precursor, Low-k Precursor), by Application (PVD/CVD/ALD, Epitaxial Growth and Etching, etc.): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Precursor for Semiconductor market was valued at USD 2373 million in 2023 and is anticipated to reach USD 5452.6 million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Precursor for Semiconductor Market:

The growing need for high-performance semiconductors for sophisticated electronics like smartphones, tablets, and Internet of Things (IoT) gadgets is fueling the precursor semiconductor industry. The need for high-quality precursors necessary for semiconductor production processes is being further enhanced by the development of technologies such as 5G, artificial intelligence, and driverless cars. Asia-Pacific is seeing especially robust regional growth as a result of significant infrastructure investments made by nations like China, Taiwan, and South Korea in the semiconductor manufacturing sector. The market is also impacted by the growing need for miniaturization and the advancement of semiconductor devices that use less energy.

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TRENDS INFLUENCING THE GROWTH OF THE PRECURSOR FOR SEMICONDUCTOR MARKET

Because they are essential to the creation of silicon-based semiconductor devices, the foundation of the electronics industry, silicon precursors play a major role in driving the precursor for semiconductor market. In procedures like chemical vapor deposition (CVD) and atomic layer deposition (ALD), silicon precursors like silane and dichlorosilane play a crucial role in producing thin, homogeneous films that are necessary for the production of semiconductors. The need for high-purity silicon precursors is growing as the demand for sophisticated electronics, including as computers, smartphones, and Internet of Things (IoT) devices, keeps rising. This is fueling the expansion of the precursor market. The need for these necessary elements is further increased by the ongoing advancements in semiconductor technology.

Due to their necessity for the creation of metal and metal oxide layers in semiconductor devices, metal precursors are fueling the expansion of the precursor for semiconductor market. In integrated circuits (ICs), these layers are essential for creating interconnects, gates, and other crucial parts. In techniques like chemical vapor deposition (ALD), physical vapor deposition (PVD), and CVD, metal precursors like copper, tungsten, and titanium are utilized to produce precise coatings with a desired thickness and composition. The need for dependable and effective metal precursors is rising due to the growing complexity of semiconductor devices, particularly with the shift to smaller nodes and sophisticated packaging, which is propelling market expansion.

The market for precursor semiconductors is expanding due in large part to the growing demand for sophisticated semiconductor devices. Precursors with high purity are becoming more and more necessary to produce advanced semiconductor components as the electronics industry continues to push performance and miniaturization limits. Artificial intelligence, driverless cars, 5G networking, and other cutting-edge applications depend on these gadgets. Semiconductor makers are being forced to spend in cutting-edge precursors that support the development of next-generation chips, which is driving market growth, by the increasing customer demand for faster, more efficient, and smarter electronic gadgets.

The market for semiconductor precursors is mostly driven by the continuous need for electronic devices to be smaller and perform better. Semiconductor makers are under pressure to provide parts that match customer expectations for quicker, more efficient, and smaller devices. This necessitates the employment of sophisticated predecessors that enable the manufacturing of increasingly compact chip designs and smaller transistors without sacrificing performance. Demand for high-purity, specialized precursors that can support the most recent developments in semiconductor production is rising as a result of the drive towards more potent and smaller devices, which is propelling market expansion.

Stability and integration of the supply chain are two important elements propelling the Precursor for Semiconductor Market forward. The supply chain used by the semiconductor industry to provide the materials required for the manufacturing of devices is intricate and highly specialized. To fulfill the high demands of the electronics industry and preserve production continuity, it is imperative to provide a steady and dependable supply of precursors. Since material shortages and supply chain disruptions have brought attention to the value of having a strong supply network, businesses are putting more and more emphasis on finding trustworthy suppliers of precursors. The prioritization of supply chain stability is propelling investments in the manufacture of precursors and promoting market expansion.

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PRECURSOR FOR SEMICONDUCTOR MARKET SHARE ANALYSIS

Due to its strong semiconductor manufacturing sector, the Asia-Pacific region has the greatest share of the market for precursors for semiconductors. Major contributors include China, Taiwan, South Korea, and Japan, which have made large investments in semiconductor production facilities, or fabs, and have a high concentration of important supply chain participants.

Another important region is North America, especially the United States, where there is a growing need for semiconductor precursors as a result of the development of more sophisticated devices and the revival of homegrown semiconductor manufacturing. Investing in semiconductor R&D, especially in Germany and the Netherlands, where there is an emphasis on cutting-edge materials and methods, is fueling Europe’s steady growth as well.

Key Players:

SK MaterialsUP ChemicalEntegrisSoulbrainAdekaTanaka KikinzokuEpiValenceBotai Electronic MaterialAnhui AdchemNatachemNanmatAir LiquideMerck GroupHansol ChemicalDuPontDNF SolutionsGelest IncStrem ChemicalsFujifilm CorporationJapan Advanced ChemicalsWonik Materials

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Precursor Materials market was valued at USD 10970 million in 2023 and is anticipated to reach USD 35390 million by 2030, witnessing a CAGR of 14.8% during the forecast period 2024-2030.

–  New Silicon Precursor Market

–  NCM622 Precursor Market

–  The global Hard Carbon Anode Precursor market was valued at USD 4700 million in 2023 and is anticipated to reach USD 7935.3 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.

–  The global CVD & ALD Precursor market was valued at USD 1391.4 million in 2023 and is anticipated to reach USD 1779.2 million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.

–  The global Silicon Oxide Precursor market was valued at USD 12 million in 2023 and is anticipated to reach USD 2705.8 million by 2030, witnessing a CAGR of 60.6% during the forecast period 2024-2030.

–  PAN-based Carbon Fiber Precursor Market

–  Bleach Precursor Market

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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