Chemical Mechanical Planarization (CMP) Slurry Market
Chemical Mechanical Planarization (CMP) Slurry Market Analysis by Aluminum Oxide CMP Slurry, Ceramic CMP Slurry, Cerium Oxide CMP Slurry, and Silica CMP Slurry from 2023 to 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 to 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.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2023E) | US$ 2.5 Billion |
| Forecasted Market Value (2033F) | US$ 4.9 Billion |
| Global Market Growth Rate (2023 to 2033) | 7.7% CAGR |
| North America Market Share (2023) | 19.0% |
| 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 |
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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 to 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 to 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 to 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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Country-wise Insights
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.
Category-wise Insights
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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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
- Ceramic
- Cerium oxide
- Silica
- Others
-
By Application :
- Silicon Wafers
- Optical Substrates
- Disk-drive Components
- Other Microelectronic Surfaces
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market - Pricing Analysis
- 5. Global Market Value (US$ million) Analysis and Forecast
- 6. Global Market Analysis and Forecast, By Type
- 6.1. Aluminum oxide
- 6.2. Ceramic
- 6.3. Cerium oxide
- 6.4. Silica
- 6.5. Others
- 7. Global Market Analysis and Forecast, By Application
- 7.1. Silicon Wafers
- 7.2. Optical Substrates
- 7.3. Disk-drive Components
- 7.4. Other Microelectronic Surfaces
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. East Asia
- 8.5. South Asia & Oceania
- 8.6. MEA
- 9. North America Market Analysis and Forecast
- 10. Latin America Market Analysis and Forecast
- 11. Europe Market Analysis and Forecast
- 12. East Asia Market Analysis and Forecast
- 13. South Asia & Oceania Market Analysis and Forecast
- 14. Middle East & Africa Market Analysis and Forecast
- 15. Country-level Market Analysis and Forecast
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Applied Materials, Inc.
- 17.2. BASF SE
- 17.3. Cabot Corporation
- 17.4. Evonik Industries AG
- 17.5. FUJIFILM Corporation
- 17.6. Hitachi Ltd.
- 17.7. Samsung Electronics Co Ltd.
- 17.8. The Dow Chemical Company Limited
- 17.9. Other Prominent Players
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million), By Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 3: Global Market Value (US$ million), By Type, 2018 to 2022
Table 4: Global Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 5: Global Market Value (US$ million) and Forecast, By Application, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 7: North America Market Value (US$ million), By Country, 2018 to 2022
Table 8: North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 9: North America Market Value (US$ million), By Type, 2018 to 2022
Table 10: North America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 11: North America Market Value (US$ million) and Forecast, By Application, 2018 to 2022
Table 12: North America Market Value (US$ million) and Forecast, By Application, 2023 to 2033
Table 13: Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 14: Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15: Latin America Market Value (US$ million), By Type, 2018 to 2022
Table 16: Latin America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 17: Latin America Market Value (US$ million) and Forecast, By Application, 2018 to 2022
Table 18: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 19: Europe Market Value (US$ million), By Country, 2018 to 2022
Table 20: Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 21: Europe Market Value (US$ million), By Type, 2018 to 2022
Table 22: Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 23: Europe Market Value (US$ million) and Forecast, By Application, 2018 to 2022
Table 24: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 25: East Asia Market Value (US$ million) By Region, 2018 to 2022
Table 26: East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27: East Asia Market Value (US$ million), By Type, 2018 to 2022
Table 28: East Asia Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 29: East Asia Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 30: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 31: South Asia & Oceania Market Value (US$ million) By Country, 2018 to 2022
Table 32: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 33: South Asia & Oceania Market Value (US$ million) By Type, 2018 to 2022
Table 34: South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 35: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 36: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 37: Middle East & Africa Market Value (US$ million) By Country, 2018 to 2022
Table 38: Middle East & Africa Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39: Middle East & Africa Market Value (US$ million) By Type, 2018 to 2022
Table 40: Middle East & Africa Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 41: Middle East & Africa Market Value (US$ million) and Forecast By Application, 2018 to 2022
Table 42: Middle East & Africa Market Value (US$ million) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) By Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) By Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) By Application, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 9: North America Market Value (US$ million) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: North America Market Value (US$ million) By Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) By Type, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 15: North America Market Value (US$ million) By Application, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 21: Latin America Market Value (US$ million) By Country, 2023 & 2033
Figure 22: Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 23: Latin America Market Value (US$ million) By Type, 2023 & 2033
Figure 24: Latin America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 25: Latin America Market Value (US$ million) By Application, 2023 & 2033
Figure 26: Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 27: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 30: Europe Market Value (US$ million) Forecast, 2023 to 2033
Figure 31: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 32: Europe Market Value (US$ million) By Country, 2023 & 2033
Figure 33: Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 34: Europe Market Value (US$ million) By Type, 2023 & 2033
Figure 35: Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 36: Europe Market Value (US$ million) By Application, 2023 & 2033
Figure 37: Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 41: East Asia Market Value (US$ million) Forecast, 2023 to 2033
Figure 42: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 43: East Asia Market Value (US$ million) By Country, 2023 & 2033
Figure 44: East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 45: East Asia Market Value (US$ million) By Type, 2023 & 2033
Figure 46: East Asia Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 47: East Asia Market Value (US$ million) By Application, 2023 & 2033
Figure 48: East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 49: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 52: South Asia & Oceania Market Value (US$ million) Forecast, 2023 to 2033
Figure 53: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 54: South Asia & Oceania Market Value (US$ million) By Country, 2023 & 2033
Figure 55: South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 56: South Asia & Oceania Market Value (US$ million) By Type, 2023 & 2033
Figure 57: South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 58: South Asia & Oceania Market Value (US$ million) By Application, 2023 & 2033
Figure 59: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 60: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 63: Middle East & Africa Market Value (US$ million) Forecast, 2023 to 2033
Figure 64: Middle East & Africa Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 65: Middle East & Africa Market Value (US$ million) By Country, 2023 & 2033
Figure 66: Middle East & Africa Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 67: Middle East & Africa Market Value (US$ million) By Type, 2023 & 2033
Figure 68: Middle East & Africa Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 69: Middle East & Africa Market Value (US$ million) By Application, 2023 & 2033
Figure 70: Middle East & Africa Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 71: Middle East & Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure 72: Middle East & Africa Market Attractiveness Analysis By Type, 2023 to 2033
Figure 73: Middle East & Africa Market Attractiveness Analysis By Application, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What would be Valuation Global CMP Market in 2023?
The global CMP slurry market is estimated to be valued at US$ 2.5 billion in 2023.
What is the Expected Growth Rate of the CMP slurry Market During the Forecast Period?
The global CMP slurry market is expected to expand at a CAGR of 7.7%.
Which Region Holds the Maximum Market Share in the global market?
East Asia holds the largest global share in the CMP slurry market accounting for 35.6% market share
What Percentage of the Market Do Tier 1 Plays Control?
Tier 1 manufacturers of the CMP slurry market hold about 60.0% of the global share
What is the projected growth rate for Europe between 2023 and 2033?
The chemical mechanical planarization slurry market in Europe is anticipated to grow at a CAGR of 6.9% between 2023 and 2033
Who are the Major Players in the CMP Slurry Market?
Market players include BASF, Cabot Corporation, and Samsung Electronics Co Ltd. are majorly operating and dominating in the market
Chemical Mechanical Planarization (CMP) Slurry Market