Chemical Mechanical Planarization (CMP) Slurry Market
Chemical Mechanical Planarization (CMP) Slurry Market Analysis, By Type (Aluminum Oxide CMP Slurry, Ceramic CMP Slurry, Cerium Oxide CMP Slurry, Silica CMP Slurry), By Application (Silicon Wafers, Optical Substrates, Disk-drive Components, Others), & Region - Global Market Insights 2023-2033
Analysis of Chemical Mechanical Planarization (CMP) Slurry Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global CMP Slurry Market Outlook (2023 to 2033)
During the forecast period of 2023-2033, the chemical mechanical planarization (CMP) slurry market is projected to expand at a CAGR of 7.7%, reaching over US$ 4.9 billion in 2033. The market is projected to hold a valuation of US$ 2.5 billion in 2023.
CMP slurry is an odorless, milky white, stable mixture of abrasive materials and water along with other chemicals. CMP slurry is primarily used for the polishing process of silicon wafers and semiconductors. The slurry is a highly engineered chemical formulation that smooths and flattens microelectronic chips.
The CMP process is a standard technique in the semiconductor industry for reducing uneven topography on wafers. The demand for semiconductors has increased globally due to the growing market for smartphones and tablets. Nowadays, almost all electrical items and equipment use semiconductors and microchips, which need to be processed carefully. CMP slurry is a crucial component used in the manufacturing of semiconductors, wafers, and microchips.
Estimated Market Value (2023E)
US$ 2.5 Billion
Forecasted Market Value (2033F)
US$ 4.9 Billion
Global Market Growth Rate (2023–2033)
North America Market Share (2023)
Key Companies Profiled
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Historic and Future Path for CMP Slurry Market
The market for CMP slurry had tremendous growth in the past and is expected to project high growth opportunities during the forecast period. In 2022, countries like the US, China, South Korea, Japan, and India accounted for more than 60.0% of the market's total value.
- Growth Factors for Short Term (2023–2026): The pandemic's effects are still being felt, and a clear supply and demand imbalance is holding back the market's expansion. Manufacturers are working to close the deficit, but manufacturing is being slowed down by a lack of raw materials.
- Factors for Medium-Term Growth (2026–2029): Due to the expansion of industrialization and upgrading of the regional economies, the Asia Pacific region is anticipated to have substantial growth during the projection period. The expansion of semiconductors would ultimately drive the CMP slurry market
- Long Term Growth Opportunities (2029–2033): Humans' increasing reliance on electronic and telecommunications equipment unavoidably raises the demand for semiconductor chips, which results in a greater demand for CMP slurry for wafer production.
Factors Affecting Overall Market Growth of CMP Slurry Market
“Thriving Semiconductor Industry to Drive CMP Slurry Market”
As the semiconductor industry continues to experience remarkable success in the categories of memory chips and logic boards, it is anticipated that the use of CMP slurries will rise. CMP slurry is a popular polishing and planarization technique in the semiconductor industry. Electronic devices like servers, consumer electronics, automobile electronics, and industrial electronics all make use of semiconductors. Modern computers, smartphones, flat-screen displays, and other electrical gadgets can only perform high-speed processing at high efficiency.
The need for CMP slurries increases in tandem with the demand for smart gadgets with high-performance IC. The global CMP slurry market continues to benefit from the expansion of the semiconductor industry. The increased use of smartphones and tablets has increased the demand for semiconductors worldwide.
Additionally, the industry is being forced to adopt and create new productivity technologies to the shifting chip demand. The growth of big data, cloud computing, and artificial intelligence (AI) present chipmakers with new opportunities for expansion as well as opportunities to enhance their efficiency.
“High Processing Costs Hinder Market Expansion”
Even while manufacturers are working hard to meet the strong demand for integrated chips in the IT and telecommunications sector, it can be challenging to keep up with the ever-changing market. The CMP slurry suppliers are struggling to maintain the balance of supply chain distribution in midst of increased demand from the semiconductor industry.
Additionally, there is a limit to the inventory of CMP slurry manufacturers as consumables' shelf life varies roughly from 6 months to 12 months which controls the production. Thus, increasing demand & limited production have created a gap in the market that ultimately led to an increase the overall cost of the product.
The semiconductor industry operators have been investing in alternatives to CMP slurry because of the excessive overall demand in various end-use industries.
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Why Chinese demand for CMP Slurry is Expected to Grow?
China is a nation well renowned for producing electronic products on a large scale. The development in the electronic industry has led to a great foundation of economic growth. China has a highly attractive market owing to the availability of low-cost resources and a huge customer base.
Chinese producers work hard to develop state-of-the-art goods and components locally so they can effectively enter domestic markets despite tough competition. The rapid introduction of new goods has reduced competition in the East Asian electronics and smart device sector.
Why is the U.S. market for CMP Slurry anticipated to be very profitable?
The leader in the world's semiconductor market is North America. North America is anticipated to have an increase in demand for CMP slurry, from microelectronic chip manufacturers.
The United States holds a 66.6% market share in North America for the production of integrated chips. The creation of gadgets for use in IT, telecommunication, and vehicles also uses these chips.
Due to the diverse variety of requirements in the electronics sector and the fact that these industries have become crucial to the operation of all companies worldwide, the market is poised to expand at a CAGR of 6.8% during the forecast period.
How Will Aluminum Oxide CMP Slurry Maintain its Predominance?
Aluminum oxide CMP slurry demand is being boosted by rising demand for well-fabricated integrated circuits. High conductivity and performance are two characteristics that have helped it gain more momentum in the market.
Aluminium CMP slurry has benefited financially from the replacement of highly resistive metals like tungsten with more conductive metals like aluminum in integrated circuits. Nearly half of the global market share is presently held by aluminum CMP, and it is predicted that this proportion will increase significantly over the projected period.
Why did Silicon Wafers Become the CMP Slurry's Primary Source of Revenue?
Consumption of CMP slurry is pushed by the need to remove surface irregularities on silicon wafers. The silicon wafers segment is expected to maintain its dominance during the evaluation period.
The market for CMP slurries will be driven by the increased demand for semiconductors with high capacity, speed, and an increasingly defined surface. The need for CMP slurry as an optical substrate will skyrocket as NGN and IoT applications take off.
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Competitive landscape highlights only certain players
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Market Players’ Key Strategies
Leading CMP slurry manufacturers are Cabot Corporation, Hitachi Ltd, Samsung Electronics Co Ltd., FUJIFILM Holdings Corporation, The Dow Chemical Company Limited, BASF SE, Applied Materials, Inc., Evonik Industries AG, Fujimi Corporation, and many more.
The major competitors in the CMP slurry market are concentrating on product innovation and line expansion to meet the requirement of various applications and market segments. Also, companies are adopting various organic & inorganic growth strategies to increase production and expand their global footprint.
Manufacturers are investing heavily in R&D to improve product formulations to provide superior surface finishing during the polishing & lapping process of power electronics.
Fact.MR has provided detailed information about the price points of key manufacturers of CMP slurry positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of CMP Slurry Industry Research
By Type :
- Aluminum oxide
- Cerium oxide
By Application :
- Silicon Wafers
- Optical Substrates
- Disk-drive Components
- Other Microelectronic Surfaces
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
The global CMP slurry market is estimated to be valued at US$ 2.5 billion in 2023.
The global CMP slurry market is expected to expand at a CAGR of 7.7%.
East Asia holds the largest global share in the CMP slurry market accounting for 35.6% market share
Tier 1 manufacturers of the CMP slurry market hold about 60.0% of the global share
The chemical mechanical planarization slurry market in Europe is anticipated to grow at a CAGR of 6.9% between 2023 and 2033
Market players include BASF, Cabot Corporation, and Samsung Electronics Co Ltd. are majorly operating and dominating in the market