Silicon Polishing Liquid Market Report Overview
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The global silicon polishing liquid market size was USD 201.1 million in 2022 & the market is projected to touch USD 359 million by 2031, exhibiting a CAGR of 6.7% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the global silicon polishing liquid market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
A unique procedure is used to create silicon polishing liquid, a high-purity low-metal ion type polishing solution, from high-purity silicon powder as the raw material. polishing of sapphire wafers, gallium arsenide compound semiconductor materials, indium phosphide precision optical devices, etc. It has a wide range of applications, is highly polishing efficient, contains little impurity, and is simple to clean after polishing. The CMP slurry for semiconductor silicon wafer is examined in this research.
COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market
The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.
LATEST TRENDS
"Growth of the market in recent years"
Liquid Silicon Oxide Polishing With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a comprehensive summary of the market circumstances in the forecast term, market research reports provide a careful watch on key rivals. It is an expertly written, in-depth study that emphasizes key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises. The hunt for different polishing methods or materials for semiconductors is still continuing. If these alternatives are effective, the market for conventional silicon polishing solutions may be in danger.
Silicon Polishing Liquid Market Segmentation
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- By Type
Based on type the global silicon polishing liquid market is classified as first and second polishing, final polishing.
- By Application
Based on application the global silicon polishing liquid market is classified as 300mm silicon wafer, 200mm silicon wafer, others.
DRIVING FACTORS
"Wide range of Electrical Device to Boost the Market Growth "
A significant consumer of silicon wafers, which are widely utilized in electrical devices, is the semiconductor sector. Due to its critical function in the production of semiconductor wafers, silicon polishing liquid is becoming more and more in demand as consumer demand for electronic devices rises. Electronic gadgets are becoming more sophisticated and smaller as a result of improvements in semiconductor fabrication techniques. These developments necessitate greater polishing precision, which raises the need for more sophisticated silicon polishing liquids that can produce finer results.
"Extensive Application in Laundering Process to Multiply the Production and Market Growth"
Smartphones, televisions, and other electronic gadgets are now in strong demand for displays with high resolution. High-quality polished silicon wafers are necessary for the production of such displays, which increases the demand for effective and efficient silicon polishing liquids. The market for silicon polishing liquid has benefited from the rising use of the Internet of Things (IoT) and artificial intelligence (AI), which has increased demand for various electronic components. Electronics production is expanding quickly in emerging economies like China, India, and Southeast Asian nations. Due to this expansion, there is a greater need for silicon polishing fluid in these areas to assist the manufacturing of electronic devices.
RESTRAINING FACTORS
"Several Challenges Associated with the Local Irritation to Restrain the Market"
Some silicon polishing solutions could include risky substances that are bad for the environment and human health. Manufacturers and regulatory agencies are concerned about the consumption and disposal of these products, which could result in tighter rules and more expensive compliance expenses. Abrasives and chemicals, which are needed to make silicon polishing solutions, might have varying prices in international commodities markets. This may have an effect on the polishing liquids' overall production costs and the makers' ability to make a profit. Setting up factories to produce silicon polishing liquids necessitates a significant investment in machinery and technology. This may act as a deterrent to new competitors and restrict the market's smaller players' ability to expand.
Silicon Polishing Liquid Market Rigional Insights
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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"
The market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA), according to region. The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.
KEY INDUSTRY PLAYERS
"Financial Players to Contribute Towards Expansion of Market"
This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.
List of Market Players Profiled
- Fujimi (Japan)
- Entegris (CMC Materials) (US)
- DuPont (US)
- Merck (Versum Materials) (Germany)
- Anjimirco Shanghai (China)
- Ace Nanochem (South Korea)
- Ferro (UWiZ Technology) (US)
- Shanghai Xinanna Electronic Technology (China)
REPORT COVERAGE
The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 201.1 Million in 2022 |
Market Size Value By |
US$ 359 Million by 2031 |
Growth Rate |
CAGR of 6.7% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Silicon Polishing Liquid market expected to touch by 2031?
The Global Silicon Polishing Liquid Market is expected to USD 359 million by 2031.
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What CAGR is the Silicon Polishing Liquid market expected to exhibit by 2031?
The Silicon Polishing Liquid market is expected to exhibit a CAGR of 6.7% by 2031.
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Which are the driving factors of the Silicon Polishing Liquid market?
A significant consumer of silicon wafers, which are widely utilised in electrical devices, is the semiconductor sector.
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Which are the key players functioning in the Silicon Polishing Liquid market?
Fujimi, Entegris (CMC Materials), DuPont, Merck (Versum Materials), Anjimirco Shanghai, Ace Nanochem, Ferro (UWiZ Technology), Shanghai Xinanna Electronic Technology are the key players functioning in the Silicon Polishing Liquid market.
