CMP Slurry Market Size, Share, Growth, And Industry Analysis by Type (Alumina Slurry, Colloidal Silica Slurry, Ceria Slurries) by Application (Oxide (Ceria), HKMG, Oxide (Silica), Tungsten, Cu-Bulk, Cu-Barrie, Others) and Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

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The global CMP slurry market size was USD 1620 million in 2022. As per our research, the market is expected to reach USD 2556.5 million in 2028, exhibiting a CAGR of 7.9 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with CMP slurry market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

CMP slurry stands for Chemical Mechanical Polishing slurry. It is a mixture of abrasive particles, chemicals, and water that is used to polish and planarize the surfaces of semiconductors and other materials in the manufacturing process. The slurry is a critical component in the CMP process, where it helps remove surface irregularities and smooth out the surface of the material being polished. The abrasive particles in the slurry are typically made of materials such as alumina or silica, while the chemicals help to control the pH of the slurry and enhance the polishing performance. The composition of CMP slurry can be customized based on the specific requirements of the material being polished, making it a versatile and essential material in the semiconductor industry.

The CMP slurry market size is growing rapidly due to the increasing demand for high-performance semiconductors and electronic devices. As the semiconductor industry continues to advance, the demand for smaller, faster, and more efficient devices is increasing, and CMP slurry plays a crucial role in enabling this progress. The use of CMP slurry in the manufacturing process helps to achieve greater precision and consistency in the production of semiconductor components, which is necessary for the development of next-generation technologies. Additionally, the rising demand for electronic devices, such as smartphones, tablets, and laptops, is driving the growth of the CMP slurry market as these devices require more advanced semiconductors to meet consumer demands for speed, functionality, and convenience.

COVID-19 Impact: The Pandemic Had Both Favourable And Unfavourable Effects On Supply And Demand In The Market For CMP Slurry

The COVID-19 pandemic had a mixed impact on the CMP slurry market. On the one hand, the pandemic caused disruptions in global supply chains, which led to temporary shutdowns of manufacturing facilities and reduced demand for CMP slurry. Additionally, the restrictions on travel and social distancing measures imposed to control the spread of the virus disrupted the supply of raw materials and delayed the delivery of finished products. On the other hand, the pandemic also accelerated the growth of the semiconductor industry, as people relied more heavily on technology for remote work, entertainment, and communication. This led to an increased demand for high-performance semiconductors, which, in turn, boosted the demand for CMP slurry. Overall, the pandemic had a mixed impact on the CMP slurry market, with both positive and negative effects on demand and supply.

Latest Trends

"The Creation Of Novel And Cutting-Edge Goods To Satisfy The Rising Demand For High-Performance Semiconductor Devices Is One Trend In The Market"

One trend in the CMP slurry market is the development of new and advanced products to meet the increasing demand for high-performance semiconductor devices. Companies are investing in research and development to create slurry formulations that are more effective at polishing and planarizing advanced materials such as III-V semiconductors, 3D NAND, and FinFETs. Additionally, there is a trend towards using more environmentally-friendly materials and processes in the manufacturing of CMP slurries. Leading players in the market, such as Cabot Microelectronics Corporation, Dow Electronic Materials, and Fujimi Incorporated, are launching new products and technologies to stay competitive in the market. For example, Cabot Microelectronics Corporation recently launched a new CMP slurry for advanced memory devices, while Fujimi Incorporated introduced a new series of high-performance CMP slurries for advanced logic devices. 

SEGMENTATION

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• By type

Depending on CMP slurry market given are types: Alumina Slurry, Colloidal Silica Slurry, Ceria Slurries. The Alumina Slurry type will capture the maximum market share through 2028.

• By Application

The market is divided into Oxide (Ceria), HKMG, Oxide (Silica), Tungsten, Cu-Bulk, Cu-Barrie, Others based on application. The global CMP slurry market  players in cover segment like Oxide (Ceria) will dominate the market share during 2022-2028.

Driving Factors

"The Rising Need For High-Performance Computing (HPC) Applications Is One Element Fueling The CMP Slurry Market's Expansion"

One driving factor behind the CMP slurry market growth is the increasing demand for high-performance computing (HPC) applications. HPC applications require semiconductor devices that can handle large amounts of data and perform complex calculations quickly and efficiently. CMP slurries play a critical role in the manufacturing of these advanced semiconductor components, as they enable precise and consistent planarization of the device layers, which is essential for achieving optimal device performance. With the increasing demand for HPC applications in industries such as healthcare, finance, and defense, the demand for high-performance semiconductor devices is expected to continue to grow, which will drive the demand for CMP slurries. This trend is expected to create opportunities for CMP slurry manufacturers to develop new and more advanced formulations that can meet the demands of the HPC market.

"The Rising Need For 5G Technology Is Another Element Fueling The Expansion Of The CMP Slurry Market"

Another driving factor behind the CMP slurry market growth is the increasing demand for 5G technology. The rollout of 5G networks is driving the demand for advanced semiconductor devices that can support high-speed data transfer and processing. CMP slurries are critical in the manufacturing of these advanced semiconductor devices, as they are used to planarize and polish the surfaces of the devices to ensure optimal performance. With the expected growth in the adoption of 5G technology, the demand for advanced semiconductor devices is set to increase, which will drive the demand for CMP slurries. This trend is expected to create opportunities for CMP slurry manufacturers to develop new and more advanced formulations that can meet the demands of the 5G market, such as improved polishing rates, better selectivity, and enhanced surface finish.

Restraining Factors

"The Growing Environmental Problems Connected To The Usage And Disposal Of CMP Slurries Are One Restraint On The Market For CMP Slurry"

One restraining factor affecting the CMP slurry market growth is the increasing environmental concerns associated with the use and disposal of CMP slurries. CMP slurries contain abrasive particles and chemicals that can be harmful to the environment if not handled properly. The disposal of used slurry can also be challenging, as it requires proper treatment to remove any hazardous materials before it can be released into the environment. Additionally, the production of CMP slurries can be energy-intensive and may contribute to greenhouse gas emissions. As environmental concerns become more prominent, there is growing pressure on the semiconductor industry to adopt more sustainable manufacturing practices, including the use of more environmentally-friendly CMP slurries. This trend is expected to create challenges for CMP slurry manufacturers to develop more sustainable formulations that can meet the performance requirements of the industry while minimizing their environmental impact.

Regional Insights

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The Asia-Pacific region is the leading region in the CMP slurry market. The region is home to some of the world's largest semiconductor manufacturing companies, including Samsung, TSMC, and SK Hynix. The growth of the semiconductor industry in Asia-Pacific, particularly in countries such as China, Taiwan, and South Korea, has been a key driver of the CMP slurry market in the region. Additionally, the increasing demand for high-performance computing, 5G technology, and other advanced applications has driven the demand for CMP slurries in the region. The Asia-Pacific region is expected to continue to dominate the CMP slurry market share, driven by the growth of the semiconductor industry and the increasing demand for advanced applications that rely on high-performance semiconductor devices. 

North America is the second-leading region in the CMP slurry market share. The region has a significant presence of major semiconductor companies such as Intel, Micron Technology, and Texas Instruments. The growing demand for high-performance computing applications in various industries, including healthcare, automotive, and aerospace, has led to an increased demand for advanced semiconductor devices, which is driving the growth of the CMP slurry market in North America. Additionally, the region has a well-established infrastructure for research and development, which is leading to the development of more advanced CMP slurries. The North American market is expected to continue to grow, driven by the increasing demand for advanced semiconductor devices in various industries and the development of more advanced CMP slurries.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• CMC Materials (U.S)
• DuPont (U.S)
• Fujimi Corporation (Japan)
• Merck KGaA(Versum Materials) (Germany)
• Fujifilm (Japan)
• Showa Denko Materials (Japan)
• Saint-Gobain (France)
• AGC (Japan)
• JSR Corporation (Japan)
• Ferro (UWiZ Technology) (U.S)
• WEC Group (South Korea)
• Anjimirco Shanghai (China)
• Soulbrain (South Korea)
• KC Tech (South Korea)
• Ace Nanochem (South Korea)
• SKC (South Korea)
• Dongjin Semichem (South Korea)
• Entegris (Sinmat) (U.S)
• Ecolab (Nalco) (U.S)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.