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Chemical Mechanical Planarization (CMP) Slurry Market

Chemical Mechanical Planarization (CMP) Slurry Market

Chemical Mechanical Planarization (CMP) Slurry Market Report By Type (Aluminum Oxide CMP Slurry, Ceramic CMP Slurry, Cerium Oxide CMP Slurry, Silica CMP Slurry), By Application (CMP Slurry for Silicon Wafers, CMP Slurry for Optical Substrates, CMP Slurry for Disk-drive Components, CMP Slurry for Other Microelectronic Surfaces) - Regional Forecast 2021-2031

Chemical Mechanical Planarization (CMP) Slurry Market
FACT4480MR

Market Snapshot

Fact.MR estimates chemical mechanical planarization (CMP) slurry market value to increase rapidly at a CAGR 7.8% over the forecast period of 2021 to 2031, and top a valuation of US$ 2.5 Bn, up from US$ 1.5 Bn in 2020.

Rise of the semiconductor industry continues to global CMP slurry market growth. Global demand for semiconductors has been boosted by rising smartphone and tablet usage. Semiconductors and microchips are used in almost all electronic equipment and products today, and they need to be processed perfectly. CMP slurry is a critical component in the fabrication of semiconductors, wafers, and microchips.

Moreover, prices of CMP slurries have witnessed a downtrend in recent years, which has further propelled their adoption in various electrical manufacturing procedures, including barrier metal films, silicon wafers, optical substrates, disk-drive components, and others. Advances in semiconductor processing and fabrication have led to the requirement of highly polished and abrasive-free components.

CMP slurry manufacturers are aiming to capitalize on the opportunities that are arising from such industrial requirements by developing more efficient CMP slurry formulas.

CMP Slurry Market Value in 2020 US$ 1.5 Bn
CMP Slurry Demand Forecast for 2031 US$ 2.5 Bn
Global Market Growth Rate (2021 to 2031) 7.8% CAGR
Share of Tier-1 CMP Slurry Manufacturers 60%

Demand Analysis of Chemical Mechanical Planarization Slurry from 2016 to 2020 Vs Market Outlook for 2021 to 2031

The global chemical mechanical planarization (CMP) slurry market has witnessed a strong growth rate of 6.7% CAGR over the historical period (2016 to 2020), with sales pegged at US$ 1.5 Bn in 2020. Countries such as the U.S., China, South Korea, Japan, and India held noteworthy share in the market; these held 60% of the global value share in 2020.

Rising semiconductor fabrication across the globe along with upsurge in the adoption of advanced fabrication techniques is driving the market for chemical polishing. The global chemical mechanical planarization slurry market is expected to surge ahead at a CAGR of 7.8% over the forecast period (2021-2031).

  • Fact.MR estimates market value of CMP slurry to exceed US$ 1.6 Bn by 2021-end
  • Historically, demand for CMP slurry for silicon wafers applications showed significant rise.
  • Semiconductor industry is the largest consumer of CMP slurry (planarization techniques).
  • South Korea accounted for prominent chunk of the market and is anticipated to rise at a CAGR 8.5% through 2031.
  • Demand for aluminium oxide CMP slurry is expected to expand at 8.3% CAGR and be valued at US$ 960 Mn by 2031.
  • Asia Pacific holds the largest share in term of aluminium oxide consumption and the marker anticipated to expand at a CAGR 9% over the decade.

What are the Prominent Driving Factors for Chemical Mechanical Planarization?

Application of CMP slurries is projected to increase as the semiconductor industry continues to see remarkable success in the memory chip and logic board categories. In the semiconductor industry, CMP slurry is a popular polishing/planarization technology.

Semiconductors are used in a wide variety of electronic devices (servers, consumer electronics, automotive, industrial electronics, etc.). Semiconductors enable high-speed processing for modern computers, smartphones, flat-screen displays, and other electrical devices, which is only feasible because of effective CMP processing.

Furthermore, changing chip demand is forcing the industry to embrace and develop new productivity technologies. Artificial intelligence (AI), big data, and cloud computing are all expanding, offering chipmakers with new development options as well as the opportunity to improve their performance.

Demand for CMP slurries is high for smart devices with high-performance ICs. Global demand for semiconductors has been boosted by rising smartphone and tablet usage, and thereby, the CMP process is semiconductors has become vastly popular.

Country-wise Analysis

Why is the South Korea Market for Chemical Mechanical Planarization Significant?

Increasing demand for smartphones and emergence of social media coupled with universal connectivity is providing a greater push for technology providers for whom semiconductors remain the key. South Korea is one of prominent exporters of computer chips.

Increasing demand for microchips to be used in data centers, smartphones, etc., has been a revenue-generating hotspot for domestic and global manufactures, including Samsung and SK Hynix, which has been contributing a large share in Asia’s fourth largest economy – S. Korea.

The South Korean economy is forecast to grow by an average rate of around 3% in the short term. Increasing globalization and world trade along with rising demand for semiconductors has provided a boost to South Korean exports. The two important industries that have a strong hold on the country’s GDP are construction and semiconductor industry. This high dependency of the country’s economy on the semiconductor industry is driving demand for CMP slurry.

Why is the Chemical Mechanical Planarization Polishing Slurry Business in China Anticipated to Grow Much Faster than the Global Average?

The electronics industry has been a pillar of success in China, a country known for producing electronics and smart devices at massive scale. Low labor cost combined with sizeable customer base gives China a high attractiveness index. Chinese manufacturers are aiming at designing state-of-the-art devices and components locally, so they can smoothly enter domestic markets even in the face of stiff competition.

Swift commercialization of new devices is shrinking the competition in the East Asian electronics and smart devices marketplace. Manufacturers extending product features whilst dropping the prices is an aggressive and venturesome regime practiced throughout the country.

Stiff competition among manufacturers leads to increase in the manufacturing quantity of electronics goods such as semiconductors, which, in turn, creates demand for CMP slurry because of favourable CMP slurry composition, in East Asia, including China.

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Category-wise Analysis

Why is Aluminium Oxide CMP Slurry Continuing to Enjoy Dominance?

Increasing demand for well fabricated ICs is stimulating demand for aluminium oxide CMP slurry. Increasing market traction is attributed to its property of high conductivity and performance.

Replacement of metals with high resistance such as tungsten with more conductive metals like aluminium in ICs has generated lucrative opportunities for aluminium CMP slurry. Aluminium CMP currently accounts for nearly 50% of global market share and demand is anticipated to grow rapidly over the forecast period.

Chemical mechanical planarization CMP slurry market value share by application from Fact.MR

Will Silicon Wafers Emerge as a Revenue Hotbed for CMP Slurry Suppliers?

Requirement for dispel surface abnormalities of silicon wafers will push sales of CMP slurries. The silicon wafers segment is poised stay dominant throughout the assessment period.

High demand for semiconductors with high capacity, speed, and an increasingly definite surface will drive demand for CMP slurries. Emergence of NGN and IoT applications of CMP slurry as an optical substrate will experience exponential increase in demand.

Increasing fiberization and FTTH services backed by basic infrastructure for 5th Generation networks are poised to facilitate demand for highly configured ICs and optical testing equipment.

Chemical mechanical planarization CMP slurry market competition analysis by Fact.MR

Competitive landscape

Prominent players in the CMP slurry market are focusing on product innovation and expansion of their product lines to meet demand from different applications and segments.

An Adaptive Approach to Modern-day Research Needs

CMP Slurry Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • South Africa
Key Market Segments Covered
  • By Type
  • By Application
  • Region
Key Companies Profiled
  • 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
Pricing Available upon Request

Key Segments Covered in CMP Slurry Industry Research

  • By Type

    • Aluminum Oxide
    • Ceramic
    • Cerium Oxide
    • Silica
    • Others
  • By Application

    • CMP Slurry for Silicon Wafers
    • CMP Slurry for Optical Substrates
    • CMP Slurry for Disk-drive Components
    • CMP Slurry for Other Microelectronic Surfaces

- FAQs -

In 2020, the chemical mechanical planarization slurry market surpassed a valuation of US$ 1.5 Bn.

Sales of chemical mechanical planarization slurry are projected to increase at a CAGR of over 7.8% during 2021 – 2031.

Sales of chemical mechanical planarization slurries increased at a CAGR of 5.7% during 2016 – 2020.

Aluminium oxide chemical mechanical planarization slurry is gaining huge importance across regions.

Upsurge in need for silicon wafers along with rising demand from niche applications, including disk-drive components, are prime reasons driving the sales of chemical mechanical planarization slurries.

Tier-1 manufacturers of chemical mechanical planarization slurries account for around 60% market share.

Top 5 countries driving demand for chemical mechanical planarization slurry are the U.S., China, Japan, South Korea, and India

North America accounted for nearly 17% of global chemical mechanical planarization slurry demand in 2020.

The European market for chemical mechanical planarization slurry is projected to expand at a CAGR of 6.9% during 2021 – 2031.

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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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