Chemical Mechanical Polishing Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Applied Materials Inc and Revasum Inc are key players.

The prime factors propelling the growth of the chemical mechanical polishing market are the growing demand for integrated circuits and the expanding adoption of PCBs.
The chemical mechanical polishing market is expected to grow at a steady pace during the forecast period.

Chemical mechanical polishing is a manufacturing process used most dominantly in the semiconductor industry to create flat and smooth surfaces on materials such as silicon wafers. The various advantages offered by chemical mechanical polishing in comparison with other surface polishing techniques, such as a high level of planarization and surface uniformity, are increasing its demand in specific manufacturing processes such as printed circuit boards and integrated circuits.

The rising demand for ICs in memory discs and electronic gadgets is expected to stimulate the demand for chemical mechanical polishing over the forecast period. For instance, the World Semiconductor Trade revealed that micro-IC sales increased by 15.1% in 2021 to reach US$80.2 billion, and automotive IC sales increased by 34.3% in 2022 to reach US$26.4 billion. Further, the increasing production by the automotive sector is increasing the demand for PCBs to ensure the proper functioning of visual display and stereo systems in cars. This is another significant factor driving the chemical mechanical polishing market over the forecast period. For instance, the International Organization of Motor Vehicle Manufacturers revealed that the aggregate production of cars worldwide increased by 10% from 2020 to 85 million units in 2022.

Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/chemical-mechanical-polishing-market

The chemical mechanical polishing market has been segmented into type, application, and geography.

The market has been classified into CMP equipment and consumables by type. The CMP equipment is expected to hold a major share of the chemical mechanical polishing market. CMP equipment consists of a polishing platen, a rotating disk made of a hard material such as polyurethane, or a composite material covered with a polishing pad, which is usually made of a porous material such as polyurethane or composite material. It is employed to clutch the slurry and to provide a polishing surface for the wafer.
Based on application, the segmentation has been done into micro-electromechanical systems (MEMS), printed circuit boards (PCBs), integrated circuits (ICs), and others. The MEMs segment is anticipated to expand significantly over the forecast period. It is driven by the increasing demand for MEMs due to their integration with other electronics, such as microprocessors and sensors, miniaturization, and new applications in emerging fields such as autonomous vehicles, wearable electronics, and IoT.

In MEMs manufacturing, chemical mechanical polishing is used to planarize and smooth micro-device surfaces such as sensors, actuators, and micro-mirrors. It is a critical process in MEMs manufacturing as it enables the creation of flat and uniform surfaces required to accurately position and operate MEMs devices. Further, it is extensively adopted in fabricating through-silicon vias (TSVs) in MEMs devices to remove unwanted materials and create a smooth and planar surface for subsequent processing steps.
By region, the Asia Pacific is predicted to witness significant growth because of the advancement in production activities in the electronics sector and declining production cost, boosting the demand for chemical mechanical polishing in the region. In addition, the expansion of the semiconductor industry in the region will contribute to the growth of its chemical mechanical polishing market. For instance, the statistics provided by the World Semiconductor Trade revealed that the sales revenue of the semiconductor industry of Taiwan amounted to TWD625.53 billion in the final quarter of 2022. Further, the Press Information Bureau of the Indian government estimated in 2022 that the semiconductor industry in India will increase from US$15 billion in 2020 to US$63 billion by 2026.

The major players covered in the chemical mechanical polishing market are Applied Materials Inc., Ebara Corporation, Lapmasters Wolters GmbH, DuPont de Nemours Inc, Fujimi Incorporated, Revasum Inc, Okamoto Corporation, Accretech GmbH, Logitech Ltd., and Entegris.

The Chemical Mechanical Polishing Market has been analyzed into the following segments:

• By Type

o CMP Equipment
o CMP Consumables

• By Application

o Micro-electromechanical systems (MEMS)
o Printed Circuit Boards (PCBs)
o Integrated Circuits (ICs)
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Explore More Reports:

• Conformal Coatings Market: https://www.knowledge-sourcing.com/report/conformal-coatings-market

• Thermal Spray Coating Market: https://www.knowledge-sourcing.com/report/thermal-spray-coating-market

Contact Us:

Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.