Press release
Chemical Mechanical Polishing Market: Rapid Centered Growth of $8.71 Billion by 2029, With High-Hitting CAGR of 7.7%
Chemical Mechanical Polishing Market
What Is The Projected Market Size Of The Global Chemical Mechanical Polishing Market And Its Growth Rate?
The Chemical Mechanical Polishing Market has displayed powerful expansion over recent years, with a projected growth from:
• $6 billion in 2024 to $6.46 billion in 2025 (CAGR of 7.7%)
• Forecast to reach $8.71 billion in 2029 (CAGR of 7.7%)
The growth can be attributed to a rise in the automotive industry, aerospace sector expansion, demand for customization, efficiency and productivity gains, globalization of manufacturing, increased mass production, additive manufacturing integration, renewable energy sector expansion, advanced materials machining, global infrastructure development, and focus on sustainable manufacturing.
What Is Driving The Growth In The Chemical Mechanical Polishing Market?
The surge in the consumer electronics industry is a significant driver of the chemical mechanical polishing market. As the demand for electronic devices such as smartphones, tablets, laptops, and wearable devices increases, so does the need for high precision, advanced electronic components produced using CMP. The growth of the consumer electronics industry is powered by factors such as population growth, urbanization, rising incomes, and increased demand for mobility and connectivity. An example of this trend is the production of electronic equipment in Japan, which reached $52,36,535 million in May 2023, up from $1,714,724 million in May 2022.
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Who Are the Key Players Driving Chemical Mechanical Polishing Market Growth?
Key participants in the chemical mechanical polishing market include:
• Ebara Corporation
• Applied Materials Inc.
• Cabot Microelectronics Corporation
• Lapmaster Wolters GmbH
• Fujimi Incorporated
• CMC Materials Inc.
• Hitachi Chemical Company Ltd.
• Badische Anilin- und Sodafabrik SE
• Samsung Electronics Co. Ltd.
• Revasum Inc.
• Versum Materials Inc.
• Evonik Industries AG
• Asahi Glass Corporation
• DuPont de Nemours Inc.
• Ferro Corporation
• 3A Composites India Private Limited
• HKC Vietnam Company Limited,
• Logitech International SA
• Tianjin Huahaiqingke
• Tokyo Seimitsu Co. Ltd.
• K.C. Tech Co. Ltd.
• IV Technologies Inc.
• Merck Group
• Solvay S.A.
• Air Products and Chemicals Inc.
• Entegris Inc.
• Okamoto Corporation
• Compagnie de Saint-Gobain S.A.
• Dow Inc.
• LAM Research Corporation
What Are The Key Trends In The Chemical Mechanical Polishing Market?
Significant trends in the chemical mechanical polishing market include:
• Integration of Industry 4.0
• Adoption of multi-tasking and multi-function machines
• Focus on precision and high-speed machining
• Application of digital twin technology
• Use of open architecture control system
• Customization for specific industries
What Are The Segments Of The Global Chemical Mechanical Polishing Market?
The Global Chemical Mechanical Polishing Market is categorized by:
1) Type: CMP Equipment, CMP Consumable, Slurry, PAD, PAD Conditioner, Other Consumable Types
2) Equipment: Polishing and Grinding, Slurry Testing
3) Technology: Leading Edge, More than Moore's, Emerging
4) Application: Compound Semiconductors, Integrated Circuits, MEMS and NEMS, Other Applications
Which Region Leads The Chemical Mechanical Polishing Market?
In 2024, Asia-Pacific led the chemical mechanical polishing market, indicating substantial regional potential. The report also covers other regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Chemical Mechanical Polishing Global Market Report?
- Market Size Analysis: The Chemical Mechanical Polishing Market size is analyzed by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identification of various subsegments within the market for effective categorization.
- Key Player Focus: Concentration on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examination of individual growth trends and prospects in the market.
- Market Contribution: Assessment of the contribution of various segments to the overall market growth.
- Growth Drivers: Detailed information about key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analysis of challenges and risks affecting the market.
- Competitive Developments: Evaluation of competitive developments, such as expansions, agreements, and new product launches in the market.
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