Aluminum Oxide CMP to Contribute Over 50% Sales in Chemical Mechanical Planarization (CMP) Slurry Market in 2021
Fact.MR's latest report on chemical mechanical planarization (CMP) slurry market provides exclusive information on industrial trends, key developments, growth drivers and restraints shaping the market dynamics. It also studies in details the existing opportunities and emerging trends across leading segments in terms of type and application.
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global chemical mechanical planarization (CMP) slurry market is projected to reach US$ 2.5 Bn by the end of 2031. With ever-expanding semiconductor industry, the overall market is anticipated to expand at a robust CAGR of 7.8% between 2021 and 2031.
Chemical mechanical planarization (CMP) has become an indispensable technique for fabricating integrating circuits and other electronic components. Rising adoption of this technique in semiconductor industry is expected to accelerate the demand for CMP slurries.
Also, CMP slurries are being extensively utilized for removing the surface irregularities in silicon wafers, memory discs, and other electronic products. Hence, they have become ideal agents for planarization of these electronic products.
According to the Semiconductor Industry Association (SIA), the global semiconductor industry sales were US$ 47.2 Bn in the month of August 2021, an increase of 29.7% over the August 2020 total of US$ 36.4 Bn. Hence, expansion of semiconductor industry across the globe is expected to create a plethora of growth opportunities for the CMP slurry manufacturers.
Rising penetration of modern technologies such as internet of thing (IoT) and 5G is anticipated to improve the growth in CMP slurry market during the forecast period.
As per Fact.MR, aluminum oxide CMP slurry will continue to dominate the global CMP slurry market, accounting for around 50% of global demand and share in 2021. Rising sales of aluminum oxide CMP slurry is attributed to its property of high conductivity and performance.
Furthermore, replacement of high resistance metals with more conductive ones such as aluminum in integrated circuits (ICs) will continue to boost the sales of aluminum CMP slurry in the future.
Regionally, Asia Pacific is expected to emerge as one of the most lucrative markets for CMP slurries due to the rising demand for electronic components, presence of leading manufacturers, and expansion of semiconductor industry.
"Amid fierce competition, key manufacturers are leveraging various strategies such as expansions, partnerships and development of advanced and high power products to gain competitive edge in the market. Besides this, they are focusing on developing new CMP slurries for better planarization," says a Fact.MR analyst
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Leading players operating in the chemical mechanical planarization (CMP) slurry market are focusing on product innovation and expansion of their product lines to cater to demand from end-users.
In October 2021, BASF and Entegris signed an agreement on the sale of Precision Microchemicals business to Entegris for $ 90 Mn. The transaction includes technologies, intellectual property and trademarks and is expected to be completed by the end of 2021.The Precision Microchemicals business is part of the Surface Treatment business unit of BASF's Coatings division, which develops, manufactures, and markets high purity materials, including cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries used in the machining and surface conditioning of electronic materials.
In January 2020, Entegris, Inc. acquired Sinmat, a CMP slurry manufacturer. The acquisition brings Entegris significant technical expertise, talent and more importantly the addition of specialty CMP slurries to their already broad specialty chemical portfolio.
Some of the prominent players operating in the chemical mechanical planarization (CMP) slurry market profiled by Fact.MR are:
Samsung Electronics Co Ltd.
FUJIFILM Holdings Corporation
The Dow Chemical Company Limited
Applied Materials, Inc.
Evonik Industries AG
More Insights on the Global Chemical Mechanical Planarization (CMP) Slurry Sales Outlook
Fact.MR provides an incisive coverage on the global chemical mechanical planarization (CMP) slurry market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for chemical mechanical planarization (CMP) slurry with a detailed segmentation on the basis of:
CMP Slurry for Silicon Wafers
CMP Slurry for Optical Substrates
CMP Slurry for Disk-drive Components
CMP Slurry for Other Microelectronic Surfaces
Key Questions Covered in the Chemical Mechanical Planarization (CMP) Slurry Market Outlook Report
The report offers insight into chemical mechanical planarization (CMP) slurry demand outlook for 2021-2031
The market study also highlights projected sales growth for chemical mechanical planarization (CMP) slurry market between 2021 and 2031
Chemical mechanical planarization (CMP) slurry market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Chemical mechanical planarization (CMP) slurry market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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