Mask Blank Market

Mask Blank Market Size, Share, Trends, Growth, and Industry Analysis, By Type (Attenuated Phase Shift Mask Blanks, and Low Reflectance Chrome-film Mask Blanks), By Application (Flat Panel Display, and Semiconductor), Regional Analysis and Forecast 2032.

Pharma & Healthcare | April 2024 | Report ID: EMR00815 | Pages: 250

Global Mask Blank market size was USD 1,860.43 million in 2023 and the market is projected to touch USD 6,443.03 million by 2032, at a CAGR of 14.8% during the forecast period.


Mask blanks are polished wafers made of materials like quartz or glass with a layer of chrome. They serve as templates for creating circuits on semiconductor wafers during chip production. This market covers the production, distribution, and sale of these crucial components to semiconductor manufacturers globally.

Recently, the Global Mask Blank market has seen substantial growth due to the increasing need for semiconductor chips in different industries like consumer electronics, automotive, and healthcare. This rise in demand is driven by advancements in technologies such as 5G, AI, and IoT, which call for more complex semiconductor chips. Moreover, the widespread use of smartphones, tablets, and other electronic gadgets has also contributed to the growing demand for semiconductor chips and, consequently, mask blanks. In addition to the opportunities for growth, the Mask Blank market is also confronted with obstacles like expensive production costs, stringent quality requirements, and intricate manufacturing procedures. However, the market is set to see sustained expansion due to ongoing advancements in the semiconductor industry and its ability to adapt to the rapidly changing technological environment.


Global Mask Blank report scope and segmentation.

Report Attribute


Estimated Market Value (2023)

USD 1,860.43 Million

Projected Market Value (2032)

USD 6,443.03 Million

Base Year


Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Type, By Application, & Region.

Segments Covered

By Type, By Application, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Mask Blank dynamics

The Global Mask Blank market is affected by various dynamic factors. Technological advances in semiconductor manufacturing, such as EUV lithography, have a significant impact on the market. The use of EUV lithography enables the creation of smaller and more intricate semiconductor chips, increasing the need for high-quality mask blanks with greater precision and resolution. Additionally, the growing trend towards smaller electronic devices with enhanced functionality is driving the demand for mask blanks with superior quality and performance.

Market dynamics are affected by various factors, including fluctuating raw material prices, geopolitical tensions, and regulatory changes. The prices of materials needed for mask blank production, like quartz and chrome, can be volatile due to disruptions in the supply chain and shifts in global economic conditions. Geopolitical tensions and trade conflicts can also disrupt the supply of essential raw materials and equipment for mask blank manufacturing, causing price fluctuations and supply chain disruptions. Furthermore, changes in regulations concerning intellectual property rights, export controls, and environmental standards can impact market dynamics by affecting production costs and market access.


Global Mask Blank drivers

  • Technological Advancements

Recent improvements in semiconductor manufacturing technologies, specifically in lithography methods such as extreme ultraviolet (EUV) lithography, play a significant role in driving the Global Mask Blank market forward. EUV lithography allows for the creation of smaller and more complex semiconductor chips, calling for increased accuracy and excellence in mask blanks. As companies manufacturing these chips work to meet the growing market demand for smaller, quicker, and more powerful electronic devices, the necessity for sophisticated mask blanks only increases. This trend outgrowths creativity and financial investment in mask blank production technologies, propelling market expansion.

  • Rising Demand for Electronic Devices

The rise in electronic devices in industries like consumer electronics, automotive, and healthcare is driving the Global Mask Blank market. With consumers leaning towards smarter, more connected devices, semiconductor manufacturers are under pressure to produce high-performance chips. This demand spills over to mask blanks, which are crucial for making these advanced semiconductor chips. The use of semiconductor chips in emerging technologies such as 5G, artificial intelligence, and the Internet of Things (IoT) is also boosting the demand for mask blanks and fuelling market growth.



  • High Production Costs

A major challenge facing the Global Mask Blank market is the expensive production costs linked to making advanced mask blanks. The manufacturing process includes complex steps like polishing, coating, and inspection that need specialized equipment and skills. Moreover, using top-notch materials like quartz and chrome further drives up the production expenses. These high costs can make it difficult for new companies to enter the market and push existing manufacturers to find ways to streamline production and control expenses.

  • Supply Chain Disruptions

One of the challenges impacting the Global Mask Blank market is the potential for supply chain interruptions. This market depends on an intricate global supply chain to source raw materials, equipment, and components necessary for mask blank manufacturing. Issues like political conflicts, trade disagreements, environmental disasters, and health crises can all disrupt the supply chain, causing production and distribution delays. These interruptions can destabilize the market, raise manufacturing expenses, and limit the availability of mask blanks, ultimately impeding market expansion.



  • Global Expansion of Semiconductor Industry

The semiconductor industry is growing globally, especially in places like Asia-Pacific. This growth is creating profitable probabilities for the Global Mask Blank market. Countries such as China, South Korea, and Taiwan are experiencing fast growth in semiconductor manufacturing, due to government support and investments. With the expanding semiconductor industry, there will be a higher demand for mask blanks. This creates openings for companies to form partnerships, grow their customer base, and enter new markets. Additionally, the growing trend towards outsourcing semiconductor manufacturing services further opens up opportunities for mask blank manufacturers to collaborate with foundries and semiconductor companies globally.


Segment Overview

  • By Type

By type, the Global Mask Blank market is segmented into Attenuated Phase Shift Mask Blanks and Low Reflectance Chrome-film Mask Blanks. Attenuated Phase Shift Mask Blanks utilize a phase shift technique to enhance resolution and pattern fidelity in semiconductor chip manufacturing. These blanks leverage materials with differing optical properties to create phase differences, improving contrast and definition in chip patterns. On the other hand, Low Reflectance Chrome-film Mask Blanks are designed to minimize reflection in lithography, allowing for accurate pattern transfer with fewer defects. These specialized blanks use coatings that reduce reflection, making them ideal for industries with high quality requirements such as aerospace and medical devices.

  • By Application

By application, the mask blank market is segmented into Flat Panel Display (FPD) and Semiconductor industries. FPD applications involve manufacturing displays for devices like televisions, smartphones, and monitors. Mask blanks in this segment enable intricate pattern production for high-resolution displays, meeting consumer demands for vibrant visuals. On the other hand, the Semiconductor sector assists in producing chips for a variety of electronic devices, such as microprocessors and sensors. Mask blanks are used as guides for creating circuit patterns on semiconductor wafers, which is essential for the progression of semiconductor technology. Both sectors highlight the significant impact of mask blanks on development innovation in various industries.


Global Mask Blank Overview by Region

Asia-Pacific emerges as a prominent region, driven by the presence of key semiconductor manufacturing hubs in countries like China, South Korea, and Taiwan. These nations boast robust semiconductor ecosystems supported by government initiatives and investments, fostering innovation and growth in the mask blank market. North America and Europe have important roles in the semiconductor industry, being home to established companies with strong technological knowledge that drive the need for advanced mask blanks.

Furthermore, emerging economies in Latin America and the Middle East & Africa are seeing growing investments in semiconductor production, opening up new avenues for market growth. However, regional dynamics are affected by factors such as geopolitical tensions, trade policies, and regulatory frameworks, which could impact market expansion and competition.



Global Mask Blank market competitive landscape

Leading companies such as Hoya Corporation, SK Materials, and Shin-Etsu Chemical Co., Ltd. dominate the market with their extensive product portfolios and strong global presence. These players focus on research and development to enhance the performance and quality of their mask blanks, catering to the evolving needs of semiconductor manufacturers. Furthermore, companies often use strategic partnerships, mergers, and acquisitions to grow their market presence and reach new geographic areas. New entrants are also joining the market due to advances in technology and increased need for semiconductor chips. Even with obstacles such as expensive production, supply chain issues, and complex regulations, companies must remain innovative and flexible to succeed in this competitive industry.

Key Players:

  • Hoya Corporation Ltd
  • SK Materials Inc
  • Shin-Etsu Chemical Co., Ltd
  • Photronics Inc
  • Nippon Filcon Co., Ltd
  • Toppan Printing Co., Ltd
  • Mitsui Chemicals Inc
  • Lasertec Corporation Ltd
  • Applied Materials Inc
  • Ultratech Inc.


Global Mask Blank Recent Developments

  • In January 2022, AGC, announced plans to enhance the production capacity of EUV lithography photomask blanks, referred to as EUVL mask blanks. This initiative aligns with AGC's AGC plus 2.0 management strategy, which prioritizes the Electronics business as a key area of focus. By doubling its current production capacity by 2024, AGC aims to meet the anticipated surge in demand for EUVL mask blanks, driven by the rapid growth of the semiconductor industry. Through strategic capital investments, AGC aspires to achieve sales exceeding 40 billion yen by 2025, thereby contributing significantly to the advancement of semiconductor technologies.


Scope of global Mask Blank report

Global Mask Blank report segmentation



By Type

  • Attenuated Phase Shift Mask Blanks
  • Low Reflectance Chrome-film Mask Blanks

By Application

  • Flat Panel Display
  • Semiconductor

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Mask Blank size and forecast: To identify and estimate the market size for global Mask Blank market segmented By Type, By Application, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Mask Blank
  • Market Influencing Factors: To find out the factors which are affecting the market of global Mask Blank among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Mask Blank forecast period is 2024 - 2032.
According to global Mask Blank research, the market is expected to grow at a CAGR of ~ 14.8% over the next eight years.
The possible segments in global Mask Blank are based on By Type, By Application, & by region.
The expected market size for Global Mask Blank is USD 6,443.03 million in 2032.
The major players in the market are Hoya Corporation Ltd, SK Materials Inc, Shin-Etsu Chemical Co., Ltd, Photronics Inc, Nippon Filcon Co., Ltd, Toppan Printing Co., Ltd, Mitsui Chemicals Inc, Lasertec Corporation Ltd, Applied Materials Inc, and Ultratech Inc.

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