Spin on Carbon Market Size - By Material, By Application, and By End Use - Global Forecast, 2025 - 2034

Spin on Carbon Market Size

The global spin on carbon market was valued at USD 267.1 million in 2024 and is estimated to grow at a CAGR of 30.7% to reach USD 3.86 billion by 2034. The growth of the spin on carbon industry is attributed to factors such as the growing foundry investments coupled with the increasing adoption of the EUV lithography.
 

The primary reason for the SoC market’s growth is the rise in foundry investments caused by the higher demand for new semiconductor nodes and chip designs. For instance, according to Statista, the revenue generated by the semiconductor sales in 2024 was valued at USD 626.9 billion and is anticipated to reach USD 697.2 billion with a CAGR of 11.2% in 2025. Because of the rising demand in artificial intelligence, high-performance computing, and 5G, leading foundries are increasing their manufacturing capabilities. The process of etching and lithography in these expansions depends on spin-on carbon to serve as a hard mask and pattern transfer material. Because chip designs are becoming more advanced, the materials used in SoCs help by making them etch-resistant and providing uniform film coating. As a result, more spending on equipment in foundries leads to increased demand for spin-on carbon, helping it remain a crucial part of new semiconductor production.
 

The rapid uptake of extreme ultraviolet (EUV) lithography serves as another significant growth impetus in the spin-on carbon (SoC) market, as it facilitates the development of smaller and more powerful semiconductor devices. EUV is increasingly employed for the more advanced logic and memory chips due to its ability to create ultra-fine features which surpasses traditional photolithography capabilities. However, the EUV architectures face stringent requirements for additional materials to enable multi-patterning and enhance etching accuracy. SoC materials have emerged as industry standards within EUV workflows for use as hard masks and planarization layers because of their remarkable etch resistance, film uniformity, and compatibility with advanced deposition techniques. The accelerating adoption of EUV drives increased adoption of technologies such as AI, autonomous systems, and high-speed connectivity, resulting in stronger demand for reliable and robust carbon-based materials. This reliance fundamentally boosts the need for SoC spin-on solutions which are crucial in accurate pattern transfer and structural stability for sub 7nm nodes and even more advanced nodes.
 

Spin on Carbon Market Trends

• To address the increasing need for high-volume advanced node semiconductor manufacturing, semiconductor firms are adopting multi-patterning lithography processes with spin-on carbon materials to fulfil these requirements. This trend is further driven by pattern fidelity, etch resistance, and overall process flexibility of sub-7nm and EUV based chips. As the geometries of designs continue to shrink, system on chip (SoC) architecture simultaneously enables production of complex structures while ensuring shrink manufacturability, reliability, and high volumetric yield, during mass manufacturing.
   
• The movement toward clean chemical formulations in spin-on carbon materials is gaining rapid momentum, due to presence of eco-friendly policies and sustainability goals throughout the semiconductor supply chain. Various companies are trying to minimize the volatile organic compounds (VOCs) and hazardous solvents in the SoC formulations. This shift addresses regulatory environmental requirements, enhances safety in the working environment, improves green manufacturing objectives, and meets green manufacturing expectations, especially in countries where emissions are strictly limited.
   
• Another significant trend in the market is the incorporation of high thermal stability SOC materials, that are designed to withstand extreme conditions of advanced semiconductor processing, especially in applications requiring exposure to temperature from 300C to 500C or higher. These innovations are crucial for enabling of next generation lithography, advanced packaging, and multilayer device fabrication.
   

Spin on Carbon Market Analysis

Based on the material, the spin on carbon industry is bifurcated into hot-temperature spin on carbon, and normal-temperature spin on carbon.
 

• The hot-temperature spin on carbon was the largest market and was valued at USD 172.8 million in 2024. The growing demand for advanced semiconductor application such as high-speed processors and memory chips rely on materials with superior thermal stability and dielectric properties, where hot temperature SoC are gaining rapid traction for high performance application due to it’s superior thermal stability and low dielectric constant. Additionally, the rapid proliferation of 3D integrated circuits and advanced packaging technology requires advance materials that can handle high temperatures process, which further fuels the demand for high temperature SoCs. Also, with the semiconductor devices becoming more miniaturized, there is a surge in demand for hot temperature SoCs in advanced copper interconnect technology, due to their ability to endure high processing temperatures without degradations.
   
• The normal-temperature market is anticipated to grow with a CAGR of 28.6% during the forecast period. Normal temperature SoCs are processed at lower temperatures with wider range of substrate and manufacturing, which is driving its adoption in flexible electronics, display panels, and other temperature sensitive applications. Moreover, these SoCs offers cost effective solutions for manufacturers, particularly in high volume production environments. Furthermore, these normal temperature SoCs are witnessing rapid adoption as protective coatings and barrier layers in various electronics and industrial applications, which further supports market expansion.
   

Based on the application, the spin on carbon market is segmented into logic devices, memory devices, power devices, micro-electromechanical systems, photonics, advanced packaging, and others.
 

• The memory devices was the largest market and was valued at USD 85.7 million in 2024. The increasing demand of data driven applications such as cloud computing, AI, and 5G, has led to growing demand for memory devices with higher speed and density, where SoC materials are used for fabricating low-k dielectrics lasers and interconnects to supports faster data transfer. Also, the shift towards 3D NAND and other stacked memory technologies further rely on dielectric materials, that can handle high temperature process during fabrications, where SoC are highly preferred due to their superior versatility. Additionally, as memory architecture continues to shrink, there is increasing demand for SoC materials due to their enhanced thermal stability and dielectric properties to facilitate continued device miniaturization.
   
• The advanced packaging was the fastest growing market and is anticipated to grow with a CAGR of 33.1% during the forecast period. The growth in this segment is driven by the development of advanced packaging technology which require complex interconnect layers with low dielectric constraints and high thermal stability. Moreover, the SoC’s compatibility with diverse materials and process further encourages the integration of multiple chip types (such as logic, memory, and sensors), which further supports market expansion.
   

Based on the end use, the spin on carbon market is categorized into foundries, integrated device manufacturers, outsourced semiconductor assembly & test, and others.
 

• The foundries was the largest market and was valued at USD 131 million in 2024. Several foundries are transitioning towards 7nm and 3nm process, which heavily rely in SoCs for multi patterning (such as EUV, DSA) to improve resolution and reduce defects. Also, growing emphasis towards cost effective and high performance materials is propelling the adoption of SoCs due to its versatility, ease of processing, and ability to be integrated into existing manufacturing lines. Moreover, the surge in demand for power management chips and high performance logics has led to increasing demand for materials that can withstand high temperature processing and offer excellent electrical insulation, that further positions SoCs as an essential material in foundry process.
   
• The outsourced semiconductor assembly & test was the fastest growing market and is anticipated to grow with a CAGR of 32.1% during the forecast period. The growth in this segment is propelled by the rapid adoption of SoC materials in fan out and wafer level packaging to ensure finer redistribution liners and superior interconnect density, which fuels the adoption of SoCs in outsourced semiconductor assembly & test to support these high-performance miniaturized packages. Furthermore, the incorporation of SoCs in low temperature co firing process further encourages the adoption of SoCs among outsourced semiconductors assembly and test to ensure production of multi material assembly without damaging sensitive components.
   

• The U.S. dominated the spin on carbon market, accounting for USD 42.9 million in the year 2024. The U.S. is positioned as leader in aerospace innovation, which propels the demand for lightweight, high strength materials such as spin on carbon in aircraft and defense applications. Additionally, the increasing emphasis towards renewable energy systems such as solar and wind is further pushing the demand for SoC for durable and lightweight components in energy storage and power systems. Also, the growing trend towards electrification of vehicles further requires advanced carbon materials for light weight battery components and thermal management systems. For instance, the revenue generated by the global electric vehicles market was valued at USD 784.2 billion and is projected to grow with a CAGR of 6% during the 2029, as stated by Statista.
   

• The Germany spin on carbon industry accounted for USD 9.2 million in the year 2024. The growth in the region is propelled by the strong automotive sector, which is fuelling the demand for SoC for lightweight structural components to improve fuel efficiency and emission reduction. The increasing adoption of automation and robotics is further pushing the demand for lightweight and durable SOC components to ensure enhanced performance and energy efficiency. Furthermore, the implementation of government incentives program, subsidies, and grants for green technology is further accelerating the R&D and commercialization of carbon based materials, which contributes to the growth of market.
   
• The spin on carbon market in China is projected to reach USD 1.08 billion by the year 2034. The rapid industrialization and urbanization are pushing the demand for light weight and strong material such as spin on carbon across multiple sectors, which is a major growth driver. The rapidly expanding electric vehicles production in China is driving extensive usage of SoC materials for battery casing and thermal management systems. Additionally, the growth in domestic aerospace industry is fuelling the demand for SoC in aircraft components to improve performance and reduce weight, all of which supports the growth of market in the region.
   
• The Japan market was valued at USD 36.7 million in 2024. The dominance of Japan in electronic and semiconductor industry is pushing the adoption of SoC usage in high performance, miniaturized semiconductor packaging and cooling solutions. Also, the leading automakers are pushing the adoption of SoC materials to reduce vehicle weight and improve fuel efficiency, amid tightening emission standards. Additionally, the growing investment towards nanotechnology and carbon composites research accelerates advanced SoC material development.
   
• The India spin on carbon market is anticipated to grow at a CAGR of over 34.1% during the forecast period. India is emerging as electric vehicle manufacturing hub, which fuels the demand for spin on carbon materials for lightweight, heat-resistant battery enclosures and structural components. Additionally, the rapid expansion of solar energy projects that targets to achieve 500 GW by 2030, rely on high performance, lightweight carbon-based materials in panel supports, battery systems, and power storage infrastructures. Moreover, the increasing investment in indigenous aerospace and defense manufacturing promotes the usage of lightweight SoC in drones, satellites, and aircraft parts.
   
• The UAE market was valued at USD 1.9 million in 2024. The increasing focus on aerospace and space technologies along with the implementation of space initiative such as Mars Mission and KhalifaSat is driving the demand for SoC materials for ultra-light, heat resistant satellites and aircraft parts. Moreover, the rapid smart infrastructure development such as smart cities and construction project requires advanced materials such as spin on carbo for structural reinforcement and thermal regulations in electronics. Furthermore, the increasing shift towards renewable energy has led to implementation of projects such as the Mohammed bin Rashid Al Maktoum Solar Park, which fuels the demand for high efficiency, and durable materials such as SoC in renewable energy infrastructure.
   
• The Saudi Arabia spin on carbon market is projected to surpass USD 25.7 million by 2034. The increasing domestic production of defense systems is simulating the demand for lightweight and heat resistant SoC in drones, armoured vehicles, and electronics. Also, the growing emphasis towards renewable energy projects such as NEOM and large-scale farms are pushing the demand for SoC in energy equipment and infrastructure. Additionally, the emergence of local aerospace industry with new initiatives to develop aerospace manufacturing locally supports the growth in SoC usage for aircraft components and UAV structures.
   
• The South Africa market is projected to grow with a CAGR of 24.6% during the forecast period. The energy sector in South Africa is highly coal dependent, which creates major opportunity for carbon offset projects through various renewable energy sources such as solar, wind, and biomass. Also, the implementation of carbon tax act, which imposes a hefty charge on greenhouse gas emissions is further encouraging companies to invest in carbon offsets. Moreover, the South African Carbon Offsetting (SACO) scheme has further enabled companies to use carbon credits to offset up to 10% of their tax liability, which further contributes to market growth.
   

Spin on Carbon Market Share

The spin on carbon industry is highly competitive and fragmented with the presence of established global players as well as local players and startups. The top 3 market leader in the global market are Samsung SDI Co., Ltd., Merck KGaA, and Shin-Etsu Chemical Co., Ltd., collectively accounting for 31.2% market share. Major key leaders of the market are investing in advanced material formulations and development of low defect & high performance spin on carbon hard masks (SoC) that are further used in next gen chip manufacturing (3nm & below). Several companies are further acquiring niche players to ensure enhanced material capabilities (such as Merck’s acquisition of Versum Materials), whereas other companies are emphasizing towards the partnership with semiconductor foundries (such as TSMC, Samsung, and Intel) to develop tailored SoC solutions.
 

Additionally, the competition in the market is heavily influenced by the cost efficiency, especially as the semiconductor manufacturers demands high volume and low cast materials. Moreover, the growth in semiconductor fab expansion across various regions such as the U.S., Taiwan, and South Korea are further accelerating the demand for custom SoC formulations. Also, the maintenance, repairs, and operations (MRO) services for older lithography systems rely on SoC, which has created secondary revenue streams.
 

Samsung SDI leverages its fully vertically integrated semiconductor ecosystem to supply high-performance spin-on carbon (SoC) materials for advanced semiconductor technology nodes (e.g., 3nm GAA) to Samsung Foundry. The company prioritizes innovation in R&D materials and engineering by utilizing SoC as the material of choice for EUV lithography as well as high-aspect-ratio etching in 3D NAND. Samsung SDI has established strategic partnerships with leading equipment vendors (e.g., ASML, Lam Research) to enable compatibility with the manufacturing processes, while also pursuing sustainability initiatives in formulating eco-friendly SoC materials.
 

Merck KGaA supplies specialty chemicals and advanced materials including spin-on carbon dielectrics for use in the semiconductor industry. With a reputation for innovative R&D and high-quality offerings, Merck supplies SOC materials in relevance to stringent requirements of low-k and high performance interconnects. Merck has a global manufacturing capacity and partners with major foundries and OSAT companies to continue to develop cost effective and reliable, scalable SOC solutions for advanced semiconductor nodes.
 

Spin on Carbon Market Company

The spin on carbon industry features several prominent players, including:

• Applied Materials, Inc.
• Brewer Science, Inc.
• DONGJIN SEMICHEM CO LTD
• DuPont
• Irresistible Materials
• JSR Micro, Inc.
• KOYJ Co., Ltd.
• Merck KGaA
• Nano-C
• Samsung SDI Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• YCCHEM CO.,Ltd. 
   

Spin on Carbon Industry News

• In September 2023, Samsung Electronics Co., Ltd. revealed its newest partnership with AMD to fast-track the development of a 5G virtualized RAN (vRAN) network transformation. This partnership marks another step for Samsung to nurture and drive the vRAN and Open RAN ecosystems so operators can deploy and upgrade mobile networks with increased flexibility and performance.
   
• In August 2023, Brewer Science shows off groundbreaking advanced packaging solutions at SEMICON Taiwan and Advanced Packaging Summit 2023. The company has shared new breakthroughs in temporary and permanent bonding material technologies for advanced packaging at two of Asia's top technology conferences.
   

The spin on carbon market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Material Type

• Hot-temperature spin on carbon
• Normal-temperature spin on carbon

Market, By Application

• Logic devices
• Memory devices
• Power devices
• Micro-electromechanical systems
• Photonics
• Advanced packaging
• Others

Market, By End Use

• Foundries
• Integrated device manufacturers
• Outsourced semiconductor assembly & test
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa