CMP RETAINING RING MARKET REPORT OVERVIEW
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The global CMP retaining ring market size was USD 101.64 million in 2021 and is projected to touch USD 186.41 million by 2031, exhibiting a CAGR of 6.25% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with CMP retaining ring experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
CMP retaining ring is used to polish the wafer. It is also known as chemical-mechanical polishing rings. The rings are available in different sizes. The rings are used in several plastic sheets, such as PVC, HDPE, PTFE/Teflon, and all plastic sheets.
Several features of the ring such as superior wear performance than generic PPS, high-quality polishing, and rigid and strong. Increased demand for the ring in industrial activities and the ring has increased pressure and temperature, which can accelerate the material removal rate from a semiconductor wafer in some processes. The ring is made of TECATRON CMP or TECAPEEK CMP, which have low outgassing that helps the wafer not to be demolished by emerging gases. Due to improved machinability, the rings are convenient in the processing stage of semi-finished products. The rise in industrial activities and massive consumer spending capacity is predicted to surge market growth in the forthcoming years. On the contrary, the high cost of the ring and the fluctuation of raw material costs limit market growth in the upcoming years. Also, the availability of substitute products is projected to harm market progress.
COVID-19 Impact: Lack of Industrial Activities and Lockdown Restrictions to Obstruct Market Growth
The shutting down of end-user sectors and lack of industrial activities due to lockdown restrictions to limit the market growth. Government regulations and social distance protocols affected supply chain disruption. A slowdown in economic growth and a lower rate of production to minimize market progress.
LATEST TRENDS
"Increased Industrial Activities to Fuel Market Growth"
An increasing number of industrial activities and rapid uses of the ring in industries is estimated to fuel market growth. The ring has a high dimensional and low creep tendency, which makes it ideal for industrial purposes. CMP retaining ring is used to polish the wafer. It is also known as chemical-mechanical polishing rings. The rings are available in different sizes. The rings are used in several plastic sheets, such as PVC, HDPE, PTFE/Teflon, and all plastic sheets. Further, increased urbanization and advanced machinery adoption in the industries to make work efficient are projected to surge market growth in the forthcoming years.
CMP RETAINING RING MARKET SEGMENTATION
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- By Type
Based on type, the market is divided into polyetheretherketone (PEEK), polyphenylene sulfide (PPS), polyethylene terephthalate (PET), and others.
Polyetheretherketone (PEEK) is expected to be the top part of the segmentation type.
- By Application
Based on the application, the market is divided into C Type, E Type, and U Type.
C Type is expected to be the top part of application segmentation.
DRIVING FACTORS
"Several Features of the Ring to Push Market Progress"
Several features of the ring such as superior wear performance than generic PPS, high-quality polishing, and rigid and strong. Increased demand for the ring in industrial activities and the ring has increased pressure and temperature, which can accelerate the material removal rate from a semiconductor wafer in some processes. The ring is made of TECATRON CMP or TECAPEEK CMP, which have low outgassing that helps the wafer not to be demolished by emerging gases. The rings are convenient in the processing stage of semi-finished products due to improved machinability is estimated to drive market growth. Further, it has very good chemical resistance and good slide, which is anticipated to fuel market growth. Additionally, it has high-performance plastic, which is used to develop applications in the semiconductor sector and is anticipated to foster CMP retaining ring market progress
"Growing Adoption of Polyethylene Terephthalate (PET) to Surge Market Growth"
Increased demand for recycled PET in several packaging, food & beverage, and the automotive sector is estimated to surge market growth. Rise in demand for greenhouse gas and increased awareness to reduce pollution caused by plastic trash. Increased consumption of PET in the packaging industry and it has high strength and lightweight properties, which help to boost the product adoption. Ongoing advancement in lightweight technology and increased expansion of the e-commerce & packing sector is anticipated to accelerate market progress in the upcoming years.
RESTRAINING FACTORS
"High Cost of the Ring and Fluctuation of Raw Material Costs to Limit Market Growth"
High cost of the ring and fluctuation of raw material costs to limit market growth in the upcoming years. Also, the availability of substitute products is anticipated to harm market growth.
CMP RETAINING RING MARKET REGIONAL INSIGHTS
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"Rise in Research & Development Activities in Asia Pacific to Drive Market Share "
Asia Pacific is estimated to account for the highest CMP retaining ring market share owing to the rise in research & development activities. A huge need for the ring in the electrical, packing, and electronic sectors is anticipated to drive market growth. Increased demand for the ring in industrial activities and the ring has increased pressure and temperature, which can accelerate the material removal rate from a semiconductor wafer in some processes. The ring is made of TECATRON CMP or TECAPEEK CMP, which have low outgassing that helps the wafer not to be demolished by emerging gases. Due to improved machinability, the rings are convenient in the processing stage of semi-finished products. A rise in industrial activities and the massive spending capacity of a growing consumer are predicted to surge market growth in the forthcoming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- AKT Components Sdn Bhd (Malaysia)
- Cnus Co., Ltd. (South Korea)
- Ensinger (Germany)
- CALITECH (U.S.)
- PTC, Inc. (U.S.)
- Will be S&T (Malaysia)
- Euroshore (Malaysia)
- UIS Technologies (Malaysia)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 101.64 Million in 2021 |
Market Size Value By |
US$ 186.41 Million by 2031 |
Growth Rate |
CAGR of 6.25% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is CMP retaining ring market expected to touch by 2031?
The global CMP retaining ring market size is expected to reach USD 186.41 million by 2031.
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What CAGR is CMP retaining ring market expected to exhibit by 2031?
The CMP retaining ring market is expected to exhibit a CAGR of 6.25% by 2031.
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Which are the driving factors of the CMP retaining ring market?
Drivers of this CMP retaining ring market are several features of the ring and growing adoption of polyethylene terephthalate (PET).
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Which are the top companies operating in the CMP retaining ring market?
AKT Components Sdn Bhd, Cnus Co., Ltd., Ensinger, CALITECH, PTC, Inc., Will be S&T, Euroshore, and UIS Technologies are the top companies operating in the CMP retaining ring market.