Press release
CMP Slurry Market to Surpass Valuation of US$ 2.6 Bn by 2031
The global CMP slurry market is broadly affected by several factors, including increasing applications in a wide range of sectors, increasing adoption of advanced technology, and developments in Internet of Things. Thus, expanding applications of CMP slurry in different sectors is propelling the growth of the market.
The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the CMP slurry market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.
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CMP Slurry Market: Industry Trends and Value Chain
The study on the CMP slurry market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
The CMP slurry market is growing across the globe due to rising demand for electronic products in a wide range of industries such as industrial electronics, automotive, and consumer electronics. The semiconductor industry is witnessing success in memory chip as well as logic board categories. With this success, semiconductors are offering high processing speed for various devices such as flat screen displays and smartphones. Furthermore, growing usage of artificial intelligence, Big Data, and cloud computing is creating opportunities for chip makers. Hence, manufacturers are focusing on the development of new productivity tools due to evolving demand for chips. These factors are propelling the growth of the CMP slurry market.
Over the last decade, technological advancements have taken place in the semiconductor industry. The industry has undergone changes such as miniaturization, which has contributed to the success of modern electronics. Manufacturers are focusing on development of advanced technologies, which can be used to enhance the performance of semiconductors. For instance, artificial intelligence is influencing the design as well as manufacturing of chips. Moreover, there has been increasing number of partnerships and acquisitions undertaken by manufacturers to ease the development process. These strategies by manufacturers are contributing to the growth of the CMP slurry market.
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The CMP slurry market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growing usage of CMP slurry in various applications in the region. The CMP slurry market in Europe is projected to witness favorable growth during the forecast period, due to rise in investments by manufacturers in the region. The Asia Pacific CMP slurry market is likely to expand during the forecast period, owing to the prominence of Asia Pacific in semiconductor sector, growing consumer electronics market, increasing number of hardware fabricating centers in developing economies, growing automotive sector, and presence of a large number of players designing and producing semiconductor devices.
CMP Slurry Market: Key Players
Key players operating in the global CMP slurry market are 3M, Applied Materials, BASF, Cabot Corporation, Dongjin Semichem Co Ltd., Dow Chemicals, Evonik Industries AG, Fujifilm, Fujimi Corporation, Hitachi Chemical, KCTech, Samsung SDI and Soulbrain Co., Ltd.
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