by The CMP slurry market plays a crucial role in the global semiconductor manufacturing industry. CMP slurry is a chemical solution that is used to planarize or polish surfaces of semiconductor wafers during the Chemical Mechanical Planarization (CMP) process. It helps in achieving the required surface planarity and thickness uniformity for fabricating advanced integrated circuits with sub-micron level features. The CMP process is an essential part of front-end fabrication in semiconductor manufacturing and is used to polish various layers like dielectric, metal interconnects, and silicon wafers. Rising demand for miniaturization, increased functionality, and higher device density in integrated circuits has fueled the adoption of CMP slurries.
The Global CMP Slurry Market is estimated to be valued at US$ 1.8 Bn in 2024 and is expected to exhibit a CAGR of 45.% over the forecast period 2024 to 2031
CMP Slurry Market growth is being propelled by the growing demand for smartphones, tablets, electric & hybrid vehicles, and advanced computing devices CMP slurries play a crucial role in enabling the fabrication of complex chip designs with smaller geometries. Manufacturers are focused on developing new slurry formulations to support thepolishing of advanced logic chips with more sophisticated layered structures. The increasing complexity of IC manufacturing processes and transition towards new materials like copper, low-k dielectrics, and advanced memory technologies is also driving the need formore advanced CMP slurries.
Market Key Trends
The transition towards copper interconnects in logic ICs is one of the key trends shaping the CMP slurry market. Copper CMP slurries need to have high polish rates and induce low defectivity. Leading players are focused on advancing copper slurry formulations and technologies. Another major trend is the use of low-k dielectric materials to reduce the
constant of interconnects and enable higher device speeds. Developing effective slurry solutions for low-k dielectrics continues to be challenging and an area of active research. Alternative materials like polysilicon, tungsten, and advanced memory technologies like 3D NAND and ReRAM are also presenting growth opportunities for customized CMP slurry development.
Key Takeaways
CMP Slurry Market Companies Teva Pharmaceutical Industries Ltd., Pfizer, Inc., Dr. Reddy’s Laboratories Ltd., Novartis AG, Mylan N.V., Amneal
Pharmaceuticals LLC, Lonza Group, Lupin Limited, Fresenius Kabi, Hikma Pharmaceuticals, Cipla Limited, Glenmark Pharmaceuticals Limited, Sun Pharmaceutical Industries Ltd., Endo International plc, Aurobindo Pharma Limited, Apotex Inc, Taro Pharmaceutical Industries Ltd, Stada Arzneimittel AG, Krka Pharmaceuticals, CordenPharma International, Evonik Industries AG, and Biological E. Limited.
witnessing a transition towards copper interconnects in logic ICs, which is one of the key trends shaping the CMP slurry market. Copper CMP slurries need to have high polish rates and induce low defectivity. Leading players are focused on advancing copper slurry formulations and technologies.
Major companies are investing in expanding their production capacities and capabilities to cater to the untapped growth opportunities in emerging markets like China, India, Southeast Asia, and South Korea. The rising local manufacturing of electronics is increasing the demand for CMP slurries in Asia Pacific.
Porter’s Analysis
Threat of new entrants: The CMP Slurry Market has moderate threat of new entrants due to high capital investment required for Research and Development.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes in the market.
Bargaining power of suppliers: A few major players operate in the market, giving them significant bargaining power over buyers.
Threat of new substitutes: Threat from new substitutes is low as CMP Slurry has limited substitutes for its intended purpose.
Competitive rivalry: The market has high competitive rivalry due to presence of many global players offering similar products.
Geographical Regions
North America region dominated the global CMP Slurry market in terms of value in 2024 due to large presence of semiconductor manufacturers in the US.
Asia Pacific region is expected to witness fastest growth during the forecast period 2024 to 2031. This is attributed to increasing demand for CMP Slurry from electronics and semiconductor manufacturing companies in countries like China, South Korea, Taiwan and India where electronics market is growing at a rapid pace. Countries like China and India are anticipated to offer huge growth potential during the coming years.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
