Chemical Mechanical Planarization Market Forecasts to 2028 – Global Analysis By Consumable (Pad, Slurry, Pad Conditioners and Other Consumables), Equipment (Slurry Testing Equipment, On-line, Polishing & Grinding Equipment, Laboratory and Other Equipments

Chemical Mechanical Planarization Market Forecasts to 2028 – Global Analysis By Consumable (Pad, Slurry, Pad Conditioners and Other Consumables), Equipment (Slurry Testing Equipment, On-line, Polishing & Grinding Equipment, Laboratory and Other Equipments), Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Chemical Mechanical Planarization Market is accounted for $1.5 billion in 2022 and is expected to reach $2.5 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Chemical mechanical polishing (CMP) is a procedure of smoothing surfaces with the count of chemical and mechanical forces. It is a process that removes topography from silicon oxide, metal, and polysilicon surfaces. It is a planarization step utilized in deep sub micron IC manufacturing. It has been widely used in the semiconductor industry for oxide dielectric and metal layer planarization. It is considered to be a tribochemical process because of the synergy between friction and corrosion.

According to the SEMI, a 20% increase in the purchase of semiconductor production equipment in the third quarter of 2019 helped the country regain its status. According to World Semiconductor Trade Statistics, semiconductor industry growth has faced increase despite disruptions caused through the pandemic.

Market Dynamics:

Driver:

Mounting penetration of smart devices

The demand for dense and lightweight design devices have been increasing at a rapid speed, chip designers lean to use superior chip processing processes which can assist in tumbling production time but optimum elasticity. Growing penetration of smart devices be it wearables, trackers and so on include a broad range of components which need to be have harsh free polishing, thereby affecting the market growth. Investments on manufacturing sleek design smart phones, smart fitness trackers and so on from leading market vendors like Vivo, Samsung and many others will further support the market growth.

Restraint:

Defect problems

Although this process has been adopted widely across semiconductor manufacturing sectors, the defects connected with it can be considered as a potential drawback impeding its market growth. Additionally, meeting device requirements for new structures or materials within 7 nm devices, also causes slighter adoptability in the end use markets. Various types of issues including scratching, erosion, corrosion, film delamination and others arises during the processes, can restrain its market growth.

Opportunity:

Rising demand from semiconductor industries

Rising demand from semiconductor industries acts as one of the major factors driving the growth of the market. Since it had emerged as a widely adopted technology for serving varied industrial applications be it IC manufacturing, Micro electrical mechanical systems, compound semiconductors, hard drive manufacturing and so on, helping in accelerating its market growth overtime. Additionally, increase in investments on establishing new or expanding semiconductor fabrication facilities across various countries for meeting growing customer market demands have further aided the need towards leveraging CMP tools.

Threat:

Strict regulations

The severe government regulations, absence of standards on the use of slurries and abrasives, and the process difficulty, such as unique slurry of materials, superior process setting, polishing, and etching, also with specific pad for a particular circuit design increases the overall cost of chemical mechanical polarization are the major restraining factors which are answerable to the growth of the market.

Covid-19 Impact

The outbreak of covid-19 has influenced interest for worldwide electronic items, because of cross country lockdowns, fundamentally affecting creation and store network of brilliant contraptions. The virus’s outbreak has also impacted the demand for smart gadgets due to nation-wide lockdowns, significantly impacting the production and supply chain of these gadgets. Moreover, resumption of creation action will bring about remarkable expansion popular for electronic contraptions opening up various market opportunities for the market.

The consumable segment is expected to be the largest during the forecast period

The consumable segment is estimated to have a lucrative growth, due to the enormous volume of sophisticated semiconductor device production, manufacturers must use material polishing methods capable of producing complicated designs in smaller footprints. As a result, consumables flexibility to have strict control over slurry or pad quality augments. Additionally, the utilization of costly materials in several formulations to resist chipping and others have emerged as a key factor driving the growth of the market.

The integrated circuit segment is expected to have the highest CAGR during the forecast period

The integrated circuit segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the rising penetration of smartphones overtime coupled with growing investment in developing semiconductor fabrication units. Integrated Circuits serve as an integral part of the development of modern consumer electronic products like smartphones, laptops, and so on. Increase in demand for consumer electronic goods and automotive electronics, rise in adoption of sensors and actuators is propelling the segment.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rise in the demand for electronics and semiconductors in developing economies and sub regions. The Market growth in the region has been attributed to factors such as the growing consumer electronics sector, the expansion of semiconductor production units, and others.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to rising slurry demand for silicon wafers in countries. This is increasingly being used in a range of applications, including the reduction of defects, uniformity control, and semiconductor surface smoothening, factors that are expected to support the growth.

Key players in the market

Some of the key players profiled in the Chemical Mechanical Planarization Market include BASF SE, FUJIFILM Holdings Corporation, Samsung Electronics Co Ltd., Hitachi Chemical Co Ltd., Cabot Microelectronics Corporation, The Dow Chemical Company Limited, Fujimi Corporation, Evonik Industries AG, Applied Materials, Inc., Ebara Corporation, Nalco Chemical Co, Entegris, Okamoto Machine Tool Works Ltd, LAM Research Corporation., Versum Materials, Inc., Intel Corporation, Taiwan Semiconductor Manufacturing Company Limited, Micron Technology, Inc., CMC Materials and Axus Technology.

Key Developments:

In July 2022, Entegris, Inc. acquired CMC Materials, Inc. to boost its portfolio for applications in the fabrication environment and across the semiconductor ecosystem.

In October 2020, Applied Materials Inc. and BE Semiconductor industries announced an agreement to accelerate chip integration technology that enables heterogeneous chip and subsystem design for application including high-performance computing, AI and 5G.

In January 2020, Sinmat was acquired by Entegris Inc. Entegris Inc.’s product portfolio has been strengthened as a result of this acquisition.

Consumables Covered:
• Pad
• Slurry
• Pad Conditioners
• Other Consumables

Equipments Covered:
• Slurry Testing Equipment
• On-line
• Polishing & Grinding Equipment
• Laboratory
• Other Equipments

Technologies Covered:
• More Than Moore’s
• Leading Edge
• Emerging
• Other Technologies

Applications Covered:
• Optics
• MEMS & NEMS
• Integrated Circuits
• Compound Semiconductors
• Other Applications

End Users Covered:
• Industrial
• Automotive
• Electronics & Semiconductors
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements