CMP Slurry Market Set to Achieve Remarkable Growth with 7.2% CAGR through 2031| Transparency Market Research Inc.
Transparency Market Research
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Transparency Market Research
Due to the ongoing worldwide chip scarcity, semiconductor businesses throughout the world are investing heavily in their research and development facilities in an attempt to meet the growing demand
Wilmington, Delaware, United States, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global CMP slurry market was estimated at a value of USD 1.6 billion in 2021. It is anticipated to register a 7.2% CAGR from 2022 to 2031, and by 2031, the market is likely to attain USD 3.2 billion by 2031.
The industry is adopting and creating new productivity tools in response to the changing demand for semiconductors. The proliferation of big data, cloud computing, and artificial intelligence (AI) is not only opening up new business prospects for semiconductor manufacturers, but it is also giving them a chance to perform better. Therefore, it is anticipated that the worldwide CMP slurry market would be driven by a rise in the usage of consumer electronics over the forecast period.
The CMP Slurry market has been divided into silicon wafers, optical substrates, disk-drive components, and other microelectronic surfaces based on their specific uses. In 2021, the silicon wafers category made up 50.03% of the market
This is due to the fact that silicon wafers, which aid in reducing power consumption and heat while enhancing a device's speed and performance, are being more widely utilized in the production of semiconductor chips, micro electromechanical systems (MEMS) devices, and advanced complementary metal oxide semiconductor (CMOS) integrated circuit products
In 2021, aluminum oxide was the leading product in the market, representing 34.51% of the total share. This is because it is a commercially available slurry for tungsten CMP, which requires high planarity and precise uniformity control. Aluminum oxide demonstrates excellent selectivity and planarity.
Aluminum oxide, a highly durable and readily available ceramic, possesses strong technical capabilities. It forms the basis for several widely used CMP slurry products.
Global CMP Slurry Market: Key Players
A limited number of large-scale manufacturers holds the majority of the market share in the highly concentrated worldwide CMP slurry industry. The vast majority of businesses are investing heavily in both new product creation and thorough research and development.
The following companies are well-known participants in the global CMP slurry market:
Some key developments by the players in this market are:
Soulbrain Co. Ltd. created a novel poly buffering slurry in 2020. Their main goal is to provide consumers with chemical materials connected to electronics, like chemical mechanical polishing slurries, through research and development.
For about US$ 75 million, Entegris purchased Sinmat in January 2020. Specialty CMP slurries are now part of the company's offering, and this acquisition will aid Entegris in producing new goods and differentiating its offerings for clients.
Fujimi Corporation constructed an HVM site for silicon carbide wafer polishing slurries at its Tualatin, Oregon, U.S. manufacturing factory in 2019. For polishing SiC wafers, the business has created a number of slurries based on silica and alumina. These slurries are made at a neutral pH using non-acidic chemicals.
To improve the performance of semiconductors and electronic devices, several firms are working to develop advanced and sophisticated technologies that may be applied to the semiconductor production process.
Chip designs and semiconductor manufacturing processes are being impacted by artificial intelligence, which is changing the semiconductor industry.
IoT has also revived practically all essential businesses, which has increased demand for semiconductor chips even further.
It is projected that the worldwide CMP slurry market will grow over the forecast period due to an increase in the use of advanced technologies in semiconductor device manufacturing
Various reasons are propelling the growth of the CMP slurry market throughout the region. These are:
In 2021, Asia Pacific accounted for 63.55% of the worldwide CMP slurry market, largely due to rising CMP slurry penetration brought on by increased investment in the semiconductor sector. Due to the favorable composition of CMP slurry in Asia Pacific nations like Taiwan, South Korea, China, and others, increased manufacturing of electronics goods like semiconductors is a result of increased manufacturer competition. This, in turn, drives up demand for CMP slurry.
CMP Slurry is also widely consumed in North America and Europe, which together accounted for a sizeable portion of the global market in 2021. The market is driven by an increase in demand for CMP Slurry in North American applications for silicon wafers and optoelectronic substrates.
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