1 EXECUTIVE SUMMARY
1.1 The market at a glance
1.2 Key findings
1.3 Areas of dedicated coverage
1.4 The stack must be evaluated as a whole
1.5 Regional and supplier outlook
2 INTRODUCTION AND SCOPE
2.1 Why packaging materials now decide system performance
2.2 Report scope
2.3 Where this report adds coverage
2.4 Market definition and units
2.5 Methodology
2.6 Structure of the report
3 THE DEMAND BASE FOR ADVANCED PACKAGING MATERIALS
3.1 Packaging platforms and their materials signatures
3.2 AI accelerators: the package as the computer
3.3 High-bandwidth memory
3.4 The interconnect pitch roadmap
3.5 Panels, glass and the scaling of package area
3.6 Regional capacity build-out
4 GLOBAL MARKET FORECASTS 2027-2037
4.1 Total market
4.2 Historical base, 2024-2026
4.3 Materials intensity
4.4 By region
4.5 By packaging platform
4.6 By end-use market
4.7 Scenarios
4.8 Pricing assumptions
5 FINE-PITCH INTERCONNECT MATERIALS
5.1 Overview
5.2 Market size and forecast
5.3 Copper electroplating chemistries
5.4 Solder microbumps and solder caps
5.5 Under-bump metallisation, barrier and seed layers
5.6 Solder spheres and second-level interconnect
5.7 Fluxes, flux removers and alternatives
5.8 Thick-film plating resists
5.9 Technical challenges and research priorities
5.10 Competitive landscape
6 HYBRID-BONDING MATERIALS AND CONSUMABLES
6.1 Overview
6.2 Process flow and consumable map
6.3 CMP slurries, pads and conditioners
6.4 Post-CMP cleans, contamination control and activation
6.5 Bonding dielectrics and precursors
6.6 Bond-pad copper and die-preparation consumables
6.7 Low-temperature and room-temperature hybrid bonding
6.8 Polymer-dielectric hybrid bonding
6.9 Adoption roadmap
6.10 Market size and forecast
6.11 Equipment ecosystem and its influence on materials
6.12 Intellectual property
7 GLASS-CORE SUBSTRATES, GLASS INTERPOSERS AND GLASS METALLISATION
7.1 Overview
7.2 Glass materials
7.3 Through-glass via formation
7.4 Adhesion and seed layers
7.5 Via fill, stress and cracking
7.6 Build-up dielectrics on glass
7.7 Ecosystem and timing
7.8 Market size and forecast
8 ORGANIC PACKAGE SUBSTRATE MATERIALS
8.1 Overview
8.2 Market size and forecast
8.3 Build-up dielectric film
8.4 Core laminates, glass cloth and copper foil
8.5 Substrate-maker demand and investment
8.6 Technical challenges
9 REDISTRIBUTION-LAYER DIELECTRICS
9.1 Overview
9.2 Market size and forecast
9.3 Chemistries
9.4 Patterning roadmap and damascene RDL
9.5 RDL formation technologies
9.6 Requirements and challenges
9.7 Competitive landscape
10 LOW-LOSS DIELECTRIC MATERIALS
10.1 Overview
10.2 Market size and forecast
10.3 Materials and properties
10.4 Drivers
10.5 Challenges
11 UNDERFILLS AND ENCAPSULANTS
11.1 Overview
11.2 Market size and forecast
11.3 Underfill types
11.4 Epoxy moulding compounds and liquid moulding
11.5 Competitive landscape
11.6 Technical challenges
12 TEMPORARY BONDING AND DEBONDING MATERIALS
12.1 Overview
12.2 Market size and forecast
12.3 Debonding technologies
12.4 Requirements
12.5 Process tapes
12.6 Competitive landscape
13 THE MATERIALS STACK AS A SYSTEM: INTERACTIONS, RELIABILITY AND RESEARCH PRIORITIES
13.1 Why the stack must be evaluated as a whole
13.2 Key interactions
13.3 Warpage: the integrating problem
13.4 Thermal management at the materials level
13.5 Reliability qualification
13.6 Research priorities
14 SUPPLY CHAIN, REGIONAL DYNAMICS, REGULATION AND PRICING
14.1 Concentration and single points of failure
14.2 Regional dynamics
14.3 Pricing
14.4 Regulation and sustainability
14.5 Supplier consolidation and corporate change
15 START-UP AND INVESTMENT LANDSCAPE
15.1 Overview
15.2 Where packaging-relevant capital is going
15.3 Selected packaging-relevant start-up rounds
15.4 Implications for materials suppliers
16 COMPANY PROFILES (153 company profiles)17 APPENDIX
17.1 Research methodology
17.2 Abbreviations
17.3 Related Future Markets reports
18 REFERENCES
18.1 Market data and industry statistics
18.2 Advanced packaging technology, HBM and AI packaging
18.3 Fine-pitch interconnect materials (plating, solder, UBM, targets, fluxes)
18.4 Hybrid bonding materials, processes and equipment
18.5 Glass-core substrates, TGV and glass metallisation
18.6 Organic substrate materials and low-loss dielectrics
18.7 Start-up funding and investment (SemiEngineering round-ups etc.)
18.8 Company announcements and financial disclosures
18.9 Future Markets companion reports and standards
LIST OF TABLES
Advanced semiconductor packaging materials market by material class, 2027-2037 (US$ millions)
Dedicated coverage in this report
Material classes covered in this report, with the materials and technologies included and the main research questions
Reconciliation with Future Markets companion reports
Advanced packaging platforms and their principal materials consumption
Evolution of AI accelerator packages and implications for materials
HBM generations, stack architecture and materials consumption per stack
Demand drivers and their materials impact, 2027-2037
Advanced semiconductor packaging materials market by material class, 2027-2032 (US$ millions)
Advanced semiconductor packaging materials market by material class, 2032-2037 (US$ millions)
Absolute growth and CAGR by material class, ranked by growth rate
Market share by material class, 2027, 2030 and 2037
Advanced packaging materials market, 2024-2026 (US$ millions)
Packaging materials spend relative to advanced packaging revenue, 2027-2037
Advanced packaging materials market by region of consumption, 2027-2037 (US$ millions)
Advanced packaging materials market by packaging platform, 2027-2037 (US$ millions)
Advanced packaging materials market by end-use market, 2027-2037 (US$ millions)
Scenario analysis for 2037 market value
Price trajectory assumptions by material class (real terms)
Fine-pitch interconnect materials market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Market sizing reference points for fine-pitch interconnect materials
Copper electroplating applications in advanced packaging, 2025-2026
Commercial low-temperature copper plating products
Solder bump and microbump pitch roadmap
Solder materials for advanced packaging by application
UBM, barrier and seed stacks in advanced packaging
Technical challenges in fine-pitch interconnect materials and materials responses
Supplier positioning in fine-pitch interconnect materials (Future Markets assessment)
Hybrid-bonding process steps and the consumables used at each
Hybrid-bonding CMP and cleaning product launches, 2025-2026
Bonding dielectric options for hybrid bonding
Approaches to lowering the hybrid-bonding thermal budget
Polymer hybrid-bonding development programmes
Inorganic versus organic bonding dielectrics
Hybrid-bonding adoption by application
Hybrid-bonding consumables market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Market reference points for hybrid bonding
Glass types for packaging cores and interposers
TGV formation methods
Glass metallisation chemistries and new entrants, 2025-2026
TGV fill options compared
Glass-core and glass-interposer programmes, status in late 2026
Glass-core and interposer materials market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Organic substrate materials market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Build-up film requirements by generation
Organic substrate material segments, suppliers and constraints
RDL dielectrics market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
RDL dielectric chemistries compared
RDL design-rule roadmap and dielectric implications
Benchmark of RDL formation technologies
Microvia formation technologies
Low-loss dielectrics market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Low-loss dielectric material families
Panasonic MEGTRON series - benchmark low-loss laminate properties
Underfills and encapsulants market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Underfill types compared
EMC innovation trends and materials responses
Temporary bonding/debonding market by segment, 2027-2037 (US$ millions, constant 2025 dollars)
Debonding mechanisms compared
Principal cross-layer interactions in advanced packages
TIM1 options for advanced packages and their interaction with packaging materials
Research priorities for advanced packaging materials, 2027-2037
Supply concentration in critical advanced packaging materials
Advanced packaging materials market by region of consumption, 2027-2037 (US$ millions)
Semiconductor start-up funding by quarter, Q3 2024-Q3 2026
Selected packaging-relevant start-up funding rounds, Q3 2024-Q3 2026
Companies profiled in this report, by headquarters and report category
Abbreviations used in this report
LIST OF FIGURES
Advanced semiconductor packaging materials market by material class, 2027-2037
The eight material classes mapped to a 2.5D/3D AI accelerator package
The eight material classes mapped to a 2.5D/3D AI accelerator package (2)
Interconnect pitch roadmap by bonding technology, 2005-2037
Advanced semiconductor packaging materials market by material class, 2027-2037 (part 2)
Compound annual growth rate by material class, 2027-2037 (three areas of dedicated coverage highlighted)
Market value by material class, 2027 vs 2037
Packaging materials spend as a share of advanced packaging revenue, 2027-2037
Advanced packaging materials market by region of consumption, 2027-2037
Advanced packaging materials market by packaging platform, 2027-2037
Advanced packaging materials market by end-use market, 2027-2037
Fine-pitch interconnect materials market by segment, 2027-2037 (US$ millions)
Hybrid-bonding process flow and associated materials consumption
Hybrid-bonding materials and consumables market by segment, 2027-2037 (US$ millions)
Glass-core substrate metallisation stack (schematic)
Glass-core substrate and interposer materials market by segment, 2027-2037 (US$ millions)
Organic package substrate materials market by segment, 2027-2037 (US$ millions)
RDL dielectrics market by chemistry, 2027-2037 (US$ millions)
Low-loss dielectric materials market by segment, 2027-2037 (US$ millions)
Underfills and encapsulants market by segment, 2027-2037 (US$ millions)
Temporary bonding and debonding materials market by segment, 2027-2037 (US$ millions)
Interaction matrix: influence of each material layer on package-level failure modes
Advanced packaging materials market by region of consumption, 2027-2037
Start-up funding in packaging-relevant categories, Q3 2024-Q3 2026