The global CMP slurry market size was evaluated at $1,678.94 million in 2022 and is slated to hit $3,098.41 million by the end of 2030 with a CAGR of nearly 8.09% between 2023 and 2030.
The study on the global CMP slurry market is a valuable resource for learning about the market’s potential, as well as the issues that could potentially stunt its expansion. The study analyses the competitive landscape and discusses the market globally. Value chain analysis, PESTEL analysis, SWOT analysis, Porter’s five forces analysis, PESTEL analysis, SWOT analysis, and market basket analysis are also included. The CMP slurry market research also delves into the investor and stakeholder landscape to further equip businesses with the information they need to make educated choices.
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???? Market Analysis of CMP Slurry
For the purpose of chemical mechanical planarization (CMP), a liquid dispersion of active chemicals and micro-abrasive grains known as a “slurry” is used. According to its proponents, chemical mechanical polishing (CMP) combines chemical attack with abrasive removal to produce a highly polished and smooth surface. CMP slurry, along with CMP cloths and polishing naps, is utilised for this purpose. The latter is rotated while being held against a substrate for planarization.
???? Major Takeaways
• Our research analyst has shown that the worldwide market for CMP slurries is anticipated to grow at a CAGR of roughly 8.09% between the years 2023 and 2030.
• The global CMP slurry market is predicted to grow from its 2022 valuation of about $1,678.94 million to $3,098.41 million by 2030.
• Due to advancements in fabrication and semiconductor processes, as well as the requirement to boost semiconductor performance, the worldwide CMP slurry market is expected to expand significantly throughout the forecast period.
➤ The global market trends will be determined by the increasing demand for semiconductor products
The need to boost semiconductor performance due to technological advancements in fabrication and semiconductor processes will drive the growth of the CMP slurry market. In addition, companies are investing heavily in semiconductor wafer fabrication materials, which will boost demand for the product. CMP slurries’ increasing demand in the semiconductor industry and the proliferation of consumer electronics like smartphones will further contribute to the expansion of the global market. Demand in the global market will increase as CMP slurries become increasingly important in the processing of silicon wafers. The global market will expand as a result of more mergers and acquisitions and new product launches by established companies. For instance, in the first half of 2022, major advanced materials maker Entegris, Inc. bought major CMP slurries provider CMC Materials, Inc. This change should stimulate the expansion of the market around the world.
➤ Contamination and corrosion can slow the expansion of industries around the world
High purity fluoropolymers and other materials that can withstand the corrosive nature of CMP slurry liquid are necessary. The development of the CMP slurry market may be stymied by this product feature. In addition, flaws in silicon wafers brought on by cross-contamination and dried slurry have the potential to slow the global demand for CMP slurries used in silicon wafer manufacturing.
➤ The worldwide market has room to expand into new dimensions if product adoption rates rise across a variety of industries
The global CMP slurry market is poised for expansion thanks to rising demand from the automotive industry, the Internet of Things (IoT), and 5G networks. In addition, the market will have new opportunities for expansion on a global scale as a result of the widespread adoption of transistors and ongoing industrial expansion. The enormous interest in electronic devices will propel the international market to test out new frontiers for expansion.
➤ Global businesses may find it difficult to deal with the rising cost of wafer processing
Metal shorts can be caused by CMP slurry particles scratching and gouging the surfaces of silicon wafers during polishing, which poses a serious danger to the global expansion of the CMP slurry sector. The global expansion of industry may be hindered further by rising processing costs.
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The Global CMP Slurry Market is segmented based on product, application and region
Global CMP Slurry Market: Product Segment Analysis
● Aluminum Oxide CMP Slurry
● Cerium Oxide CMP Slurry
● Ceramic CMP Slurry
● Silica CMP Slurry
Global CMP Slurry Market: Application Segment Analysis
● Silicon Wafers
● Disk-Drive Components
● Optical Substrates
● DIY Activities
● Others
The global CMP slurry market profiles key players such as:
● The 3M Company
● Cabot Corporation
● Fujimi Corporation
● BASF SE
● The DOW Chemicals
● Evonik Industries
● Hitachi Chemical Limited
● Samsung SDI
● Dongjin Semichem Company Limited
● FujiFilm
● Saint-Gobain
● Soulbrain Co. Ltd
● Versum Materials
➤ Over the projected period, Asia-Pacific will rise to become the world’s dominant economic region.
More than half of the global CMP slurry market revenue was generated in Asia-Pacific in 2022, and this share is projected to grow significantly over the forecast period. Rising semiconductor industry demand for CMP slurry may fuel regional market growth from 2023 to 2030. In addition, the expanding size of the regional market will be prompted by the growing demand for consumer electronics in nations like China. Countries like Japan, South Korea, Singapore, and China are all key contributors to the expansion of the semiconductor chip business in Asia.
The CMP slurry market in North America is forecast to grow at the fastest rate during the forecast period. The rising demand for the product in silicon wafer manufacturing and optical substrates in the region are expected to have a positive effect on the development of the sector in the region. Industry developments on the subcontinent will be enriched by the presence of well-known global brands.
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