CMP Slurry Market Size, Share, Growth, Forecast 2030

CMP Slurry Industry Prospective:

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.

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The CMP slurry market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the CMP slurry industry report explores the investor and stakeholder space to help companies make data-driven decisions.

CMP Slurry Market: Overview

Chemical mechanical planarization (CMP) slurry is a liquid dispersion comprising active chemicals & micro-abrasive grains that are utilized in the chemical mechanical planarization (CMP) process. Reportedly, CMP is a surface polishing and material removal process demonstrating both chemical attack and abrasive removal features. For the record, CMP slurry is used in combination with CMP cloths and polishing naps. Moreover, the former is rotated and held against a substrate during the process of planarization.

Key Insights

• As per the analysis shared by our research analyst, the global CMP slurry market is projected to expand annually at the annual growth rate of around 8.09% over the forecast timespan (2023-2030)
• In terms of revenue, the global CMP slurry market size was evaluated at nearly $1,678.94 million in 2022 and is expected to reach $3,098.41 million by 2030.
• The global CMP slurry market is anticipated to record massive growth over the forecast period owing to the technological breakthroughs in fabrication and semiconductor processes along with the need for improving semiconductor performance.
• In terms of type, the aluminum oxide CMP slurry segment is slated to register the highest CAGR over the forecast period.
• On the basis of application, the silicon wafers segment is slated to dominate the segmental surge over the forecast period.
• Region-wise, the North America CMP slurry market is projected to register the highest CAGR during the assessment period.

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CMP Slurry Market: Growth Factors

Growing product demand in the semiconductor sector will steer the global market trends

Technological breakthroughs in fabrication and semiconductor processes along with the need for improving semiconductor performance will steer the expansion of the CMP slurry market. In addition to this, manufacturers are allocating massive funds for producing semiconductor wafer fabrication materials and this will further contribute towards the product demand. Apart from this, the rise in product penetration in consumer electronic devices such as smartphones and demand for CMP slurries in microchips will embellish the growth of the global market. The rise in the use of CMP slurries in processing silicon wafers will boost the global market demand. An increase in business strategies such as mergers & acquisitions and product innovations adopted by key industry players will drive the growth of the market across the globe. For instance, in the first half of 2022, Entegris, Inc., a key producer of advanced materials, acquired CMC Materials, Inc., a key supplier of CMP slurries. The move is likely to boost the growth of the market globally.

CMP Slurry Market: Restraints

Cross-contamination and corrosiveness can put brakes on the global industry surge

CMP slurry liquid is highly corrosive and is required to be in contact with compatible products such as high purity fluoropolymers. This product feature can hinder the expansion of the CMP slurry industry. Apart from this, cross-contamination and dried slurry can create defects in silicon wafers and this can further impede the demand for CMP slurries in silicon wafer processing, thereby impacting the growth of the industry across the globe.

CMP Slurry Market: Opportunities

Increase in product penetration in a slew of sectors can create new dimensions of growth for the global market

The surge in the use of CMP slurries in automotive, IoT devices, and 5G networks has opened new opportunities for growth for the global CMP slurry market. Apart from this, a rise in the acceptance of transistors and constant industrial growth will generate new growth horizons for the market across the globe. Humungous demand for electronic equipment will help the global market explore new avenues of growth.

CMP Slurry Market: Challenges

Surge in wafer processing costs can prove to be a challenging task for the industry across the globe

CMP slurry particles can scratch & gouge surfaces of silicon wafers during polishing, thereby causing metal shorts and this can pose a huge threat to the expansion of the CMP slurry industry across the globe. The rise in processing costs can further pose a challenge to global industry expansion.

CMP Slurry Market: Segmentation

The global CMP slurry market is sectored into type, application, and region.

In type terms, the global CMP slurry market is segregated into aluminum oxide CMP slurry, cerium oxide CMP slurry, ceramic CMP slurry, and silica CMP slurry segments. In addition to this, the aluminum oxide CMP slurry segment, which accrued more than 35% of the global market share in 2022, is predicted to record the fastest CAGR in the forecast timeline. The growth of the segment in the coming years can be credited to its easy availability for the tungsten CMP process that requires excellent planarity and accurate uniform control. In addition to this, aluminum oxide offers exceptional planarity and outstanding performance.

On the basis of the application, the CMP slurry industry across the globe is sectored into silicon wafers, disk-drive components, optical substrates, and others segments. Furthermore, the silicon wafers segment, which accrued a huge chunk of the global industry share in 2022, is projected to lead the segmental expansion in the upcoming years. The segmental expansion in the forecast timeline can be subject to a surge in the use of silicon wafers in the production of semiconductor chips, advanced complementary metal oxide semiconductor ICs, and microelectromechanical system equipment for reducing heat & power along with improving the performance.

CMP Slurry Market: Report Scope

CMP Slurry Market: Regional Insights

Asia-Pacific to establish its domination in the global market over the forecast timeline

Asia-Pacific, which accumulated more than two-fifths of the global CMP slurry market revenue in 2022, is anticipated to record a notable surge over the assessment timeline. The market expansion in the region over 2023-2030 can be due to a rise in the demand for CMP slurry in the semiconductor sector. Apart from this, the rise in the demand for consumer electronic products in countries such as China will prompt the regional market size. In addition to this, countries such as Japan, South Korea, Singapore, and China are major producers of semiconductor chips and have contributed majorly towards the growth of the market in the region.

Furthermore, the CMP slurry industry in North America is expected to register the highest CAGR in the assessment timeline. The factors that are projected to lucratively impact the expansion of the regional industry include the escalating demand for the product in silicon wafer processing and optical substrates in the region. Moreover, the presence of reputed product manufacturers in the sub-continent will embellish regional industry trends.

CMP Slurry Market: Competitive Space

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.

The global CMP slurry market is segmented as follows:

By Type

• Aluminum Oxide CMP Slurry
• Cerium Oxide CMP Slurry
• Ceramic CMP Slurry
• Silica CMP Slurry

By Application

• Silicon Wafers
• Disk-Drive Components
• Optical Substrates
• Others
• DIY Activities

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa