Press release
The Chemical Mechanical Planarization (CMP) Slurry Market To Look Through Innovative Snippets At A CAGR of 7.8% between 2022 - 2031 : FactMR
As per industry analysis by Fact.MR, a market research and competitive intelligence provider, the chemical mechanical planarization (CMP) slurry market is anticipated to be valued at US$ 1.6 Bn in 2021, expanding at a healthy CAGR of 7.8% over the forecast period of 2021-2031.Requirement for new CMP slurry solutions is likely to become more apparent, with advances in device manufacturing. The ever-increasing level of intricacy in electronic device manufacturing is necessitating slurry solutions that can deliver error-free planarization with a stable CMP process. The latest versions of logic and memory device node requires superior chemical mechanical polishing/planarization processes.
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Key Takeaways from Market Study
• The global chemical mechanical planarization slurry market is anticipated to create a value opportunity of around US$ 1 Bn over the forecast period.
• Aluminum oxide chemical mechanical planarization slurry will continue to dominate demand, accounting for more than one-third of global market share.
• The global market for CMP slurry is set to surge in India, China, Japan, and South Korea, owing to mounting demand for electronic products and integrated circuits (ICs).
• Chemical mechanical planarization slurry used for fabricating silicon wafers shall retain dominance, accounting for more than half of the global market share by 2031.
Winning Market Strategy
Prominent manufacturers of chemical mechanical planarization slurries are 3M Company, Fujimi Corporation, Applied Materials, Inc, BASF SE, and The Dow Chemical Company Limited. These players are adopting aggressive growth strategies for establishing their global footprint by acquiring regional players.
• For instance, in September 2016, 3M acquired Semifinder, a medical coding technology company. The acquisition helps the company accelerate its development of next-generation solutions for healthcare record coding by using Semfinder’s coding technology. As a result, it would increase the availability of its 3M 360 Encompass System across regions.
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About the Chemicals and Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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