Chemical Mechanical Planarization (CMP) Slurry Market Size
| Study Period | 2024 - 2029 |
| Market Size (2024) | USD 6.09 Billion |
| Market Size (2029) | USD 8.63 Billion |
| CAGR (2024 - 2029) | 7.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Chemical Mechanical Planarization (CMP) Slurry Market Analysis
The Chemical Mechanical Planarization Slurry Market size is estimated at USD 6.09 billion in 2024, and is expected to reach USD 8.63 billion by 2029, growing at a CAGR of 7.23% during the forecast period (2024-2029).
- The CMP market is expected to grow steadily during the forecast period due to technological advancements in fabrication and semiconductor processes to enhance the performance of semiconductor products. Manufacturers' increasing investment in semiconductor wafer fabrication materials for product innovation drives the market's growth.
- Chemical mechanical polishing or planarization (CMP) flattens rough surfaces and offers numerous benefits in semiconductor manufacturing. It enables manufacturers to achieve uniform flatness across the entire wafer in a single operation. CMP is versatile and capable of planarizing various materials, from metals to oxide films, often handling multiple materials simultaneously.
- CMP solutions play a vital role in achieving higher yields by ensuring uniform planarization and reducing defects on the wafer surface. Developing cost-effective CMP slurries also helps manufacturers optimize their production processes, significantly saving costs. CMP is utilized in optics, photonics, data storage, and medical devices. This expansion of CMP applications creates new market opportunities for CMP solutions manufacturers, further driving the market's growth.
- The stringent requirements of precise process control and defect reduction in various CMP processes affected device performance, yield, and challenges in high-volume manufacturing. Additionally, the complexity of polished materials drives the innovation of CMP consumables. The quality control of new consumables grows, impacting the process window and production line and lowering the manufacturing of CMP equipment and consumables worldwide.
- Post-pandemic, the demand for IC has surged due to increased automotive, consumer electronics, and healthcare sales. For instance, according to WSTS, the global IC market reached around USD 487 billion in revenue in 2024.
Chemical Mechanical Planarization (CMP) Slurry Market Trends
Integrated Circuits Occupied the Largest Market Share During the Forecast Period
- The increasing demand for electronic devices and the high functionalities required in them, in line with the growth of miniaturized electronic devices, are fueling the demand for highly dense embedded ICs and VLSIs in the market, which would create a growth opportunity for CMP devices and consumables. Chemical mechanical polishing (CMP) is a pivotal process in the semiconductor industry. It effectively eliminates surface materials by combining chemical reactions with mechanical forces, making the need for the CMP process instrumental in producing integrated circuits and memory disks.
- Additionally, the emergence of very large-scale integration (VLSI) involves embedding hundreds of thousands of transistors onto a single silicon semiconductor microchip. This process leads to heightened miniaturization, enhanced performance, and improved functionality. However, the challenge lies in fitting more components into a limited space, fueling a lesser margin of error. It raises the need to ensure the total removal of debris from mounting surfaces, supporting the importance of chemical mechanical polishing in IC manufacturing. It would help the market grow in line with the development of IC manufacturing worldwide.
- Countries such as the United States, Taiwan, Korea, and China, among others, are some of the major producers of semiconductor chips. They also contribute significantly to the market's growth in terms of consumption and investments. CMP has become a standard manufacturing process semiconductor manufacturers use to fabricate integrated circuits (IC). The growing adoption of various components in markets like IoT, automotive, and 5G is expected to drive the demand for CMP equipment over the forecast period.
- The market has been registering a significant development supported by the investment activities by the semiconductor manufacturer, government, and other international agencies to strengthen the semiconductor ecosystems worldwide by minimizing the dependency of limited countries for the semiconductor supply chain, which would fuel the demand for the CMP market due to the applications of polishing process in the manufacturing of ICs worldwide.
- For instance, in April 2024, Malaysia planned to build the most extensive integrated circuit design park in Southeast Asia to promote domestic semiconductor design, prototyping, and manufacturing. The Malaysian government would offer several incentives, including tax breaks, office space subsidies, and visa exemption fees, to attract tech companies and investors to the facility, supporting the IC manufacturing ecosystem in the country and creating a growth opportunity for the CMP market.
- The chemical component in the CMP process allows for the targeted removal of specific materials. Compared to purely mechanical polishing, CMP minimizes surface defects and enables the lithography steps to be applied in IC manufacturing, which shows the demand for CMP equipment and consumables in the market.
- The growing semiconductor sales globally over the years are expected to drive the demand for the CMP market. According to SIA, in January 2024, global semiconductor sales reached USD 47.63 billion, marking an increase of over USD 6 billion from the previous year's for the same month.
Asia-Pacific to Register Major Growth
- The Asia-Pacific region holds a significant number of global semiconductor manufacturing facilities, with major players like TSMC and Samsung Electronics. Taiwan is the leading country globally for foundries and plays a crucial role in the semiconductor value chain. Supported by government initiatives, the semiconductor industry in the region is experiencing significant growth, driving market expansion.
- The growing semiconductor sales across the APAC region over the years are expected to drive the demand for the CMP market. According to WSTS, the region's semiconductor sales are expected to significantly increase in 2024 and 2025. In 2023, the region reported a revenue of USD 289.99 billion in sales, which is expected to increase to USD 340.87 billion in 2024 and USD 382.96 billion in 2025. WSTS reports that a significant increase, such as 17.5% YoY growth in 2024 and 12.3% YoY in 2025, is expected due to the growing demand for integrated circuits, discrete and other semiconductors. Such developments are expected to drive the demand for the CMP market.
- Countries like South Korea are significantly driving the demand for CMP technology due to its extensive growth in the semiconductor business with the presence of significant companies like Samsung, SK Hynix, and others. The South Korean government unveiled its strategy in January 2024 to dedicate around USD 470 billion towards establishing the world's largest semiconductor cluster. This ambitious project is set to unfold over the next 23 years and will entail the construction of a substantial production complex in Gyeonggi Province in partnership with SK Hynix. With the growing investments by companies like SK Hynix, the demand for the CMP market is expected to rise.
- In March 2024, Dongjin Semichem initiated the provision of a chemical mechanical polishing (CMP) slurry to SK Hynix for the production of high bandwidth memory (HBM). This slurry plays a crucial role in the CMP process during wafer fabrication by smoothing out the surface. Specifically, oxide slurry is utilized to flatten insulating layers, while metal slurry is employed to flatten metal circuits. This agreement marks the end of Soulbrain's monopoly on the material for HBM production in South Korea. Such developments are expected to drive the market's growth in the coming years.
- Moreover, due to its extensive semiconductor manufacturing capabilities, the market is also expected to witness significant growth in the Chinese region. China stands as a major player in the semiconductor production market, boasting the presence of numerous fabs in the area. As reported by WSTS, semiconductor sales in China hit USD 14.76 billion in January 2024. This figure marks a notable rise from January 2023, when sales in China amounted to USD 11.66 billion. With the growing geopolitical tensions, such as the US-China war, the region is investing significantly in boosting its domestic production.
Chemical Mechanical Planarization (CMP) Slurry Industry Overview
The chemical mechanical planarization market is semi-consolidated with the presence of major players like Applied Materials Inc., Entegris Inc., Ebara Corporation, Lapmaster Wolters GmbH, and Dupont De Nemours Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- May 2024: DuPont unveiled a strategic initiative to divide itself into three separate entities, each to be publicly traded. The plan entails executing tax-free separations of its Electronics and Water divisions, with the newly formed 'New DuPont' emerging as a diversified industrial player. Post separation, electronics, and water will operate as independent entities, poised to leverage enhanced focus and agility within their sectors. DuPont anticipates that all three companies will boast robust balance sheets, enticing financial standings, and promising growth prospects. The company aims to finalize these separations within the next 18 to 24 months.
- December 2023:- Entegris Inc. unveiled its Korea Technology Center at the Hanyang University ERICA campus in Ansan-si, Gyeonggi-do. The center, designed as a focal point, aims to streamline Entegris' diverse capabilities under one roof. This setup is strategically positioned to foster deeper collaboration with clients involved in technologies like advanced logic, DRAM, and 3D NAND semiconductors. Specifically, the center will serve as a knowledge hub for deposition, chemical mechanical planarization (CMP), and advanced wet etch processes. It will also house sophisticated analytical tools, bolstering Entegris' ability to cater to its Korean clientele.
Chemical Mechanical Planarization (CMP) Slurry Market Leaders
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Applied Materials Inc.
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Entegris Inc.
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Ebara Corporation
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Lapmaster Wolters Gmbh
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Dupont De Nemours Inc.
*Disclaimer: Major Players sorted in no particular order
Chemical Mechanical Planarization (CMP) Slurry Market News
- April 2024: 3M announced that it was looking to increase its revenue from chemical mechanical polishing (CMP) pads by 300% within three years. The company has developed a micro-replicated CMP pad with asperities and pores, similar to the wafers before polishing, to expand its presence in the market. These pads are likely targeted at 10-nanometer or under processes requiring uniform CMP usage. Additionally, 3M asserts that its pads offer a 30% improvement in polishing efficiency and last 1.5 to 2 times longer than its competitors. Such vendor developments to drive the CMP capabilities are expected to enhance the market’s potential.
- March 2024: SK Hynix expanded its CMP slurry supply for HBM production by partnering with Dongjin Semichem. The new CMP slurry, introduced in January at Semicon Korea 2024, is designed to flatten the charged copper through silicon via (TSV) during HBM production. SK Hynix has shown a strong interest in the CMP slurry sample from Dongjin Semichem, deeming it superior to its competitors. These collaborative efforts between vendors are anticipated to stimulate market growth.
Chemical Mechanical Planarization (CMP) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Technology Snapshot
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Need for Miniaturization of Semiconductors
5.1.2 Increasing use of Mems and Nems is Fueling the Growth of the CMP Market
5.2 Market Challenges
5.2.1 Complexity Regarding Manufacturing
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 CMP Equipment
6.1.2 CMP Consumable
6.1.2.1 Slurry
6.1.2.2 Pad
6.1.2.3 Pad Conditioner
6.1.2.4 Other Consumable Types
6.2 By Application
6.2.1 Compound Semiconductors
6.2.2 Integrated Circuits
6.2.3 Mems and Nems
6.2.4 Other Applications
6.3 By Geography***
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Applied Materials Inc.
7.1.2 Entegris Inc.
7.1.3 Ebara Corporation
7.1.4 Lapmaster Wolters Gmbh
7.1.5 Dupont De Nemours Inc.
7.1.6 Fujimi Incorporated
7.1.7 Revasum Inc.
7.1.8 Resonac Holdings Corporation (Showa Denko Materials)
7.1.9 Okamoto Corporation
7.1.10 Fujifilm Corporation (Fujifilm Holdings Corporation)
7.1.11 Tokyo Seimitsu Co. Ltd (Accretech Create Corp.)
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Chemical Mechanical Planarization (CMP) Slurry Industry Segmentation
The market is defined by the revenue accrued from the sales of chemical mechanical polishing solutions worldwide. The study focuses on various chemical and mechanical polishing equipment and consumables. It also analyzes different trends and dynamics related to protective chemical and mechanical polishing solutions across multiple application areas and geographical regions.
The chemical mechanical planarization market is segmented by type (CMP equipment, CMP consumable [slurry, pad, pad conditioner, other consumable types]), by application (compound semiconductors, integrated circuits, MEMS and NEMS, and other applications), by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.
| By Type | ||||||
| CMP Equipment | ||||||
|
| By Application | |
| Compound Semiconductors | |
| Integrated Circuits | |
| Mems and Nems | |
| Other Applications |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Chemical Mechanical Planarization (CMP) Market Research FAQs
How big is the Chemical Mechanical Planarization Slurry Market?
The Chemical Mechanical Planarization Slurry Market size is expected to reach USD 6.09 billion in 2024 and grow at a CAGR of 7.23% to reach USD 8.63 billion by 2029.
What is the current Chemical Mechanical Planarization Slurry Market size?
In 2024, the Chemical Mechanical Planarization Slurry Market size is expected to reach USD 6.09 billion.
Who are the key players in Chemical Mechanical Planarization Slurry Market?
Applied Materials Inc., Entegris Inc., Ebara Corporation, Lapmaster Wolters Gmbh and Dupont De Nemours Inc. are the major companies operating in the Chemical Mechanical Planarization Slurry Market.
Which is the fastest growing region in Chemical Mechanical Planarization Slurry Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chemical Mechanical Planarization Slurry Market?
In 2024, the Asia Pacific accounts for the largest market share in Chemical Mechanical Planarization Slurry Market.
What years does this Chemical Mechanical Planarization Slurry Market cover, and what was the market size in 2023?
In 2023, the Chemical Mechanical Planarization Slurry Market size was estimated at USD 5.65 billion. The report covers the Chemical Mechanical Planarization Slurry Market historical market size for years: . The report also forecasts the Chemical Mechanical Planarization Slurry Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chemical Mechanical Planarization Industry Report
The Chemical Mechanical Planarization (CMP) Market Report provides a comprehensive market overview and market review, segmented by type and application. The report offers detailed industry analysis, including market segmentation by CMP equipment and consumables, such as slurry, pad, and pad conditioner. Additionally, it covers various applications like compound semiconductors, integrated circuits, and MEMS/NEMS.
The report delves into the market forecast and market predictions, providing an industry outlook and market growth insights. It highlights key market leaders and includes industry trends and market data. The geographical segmentation covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, offering a global market perspective.
Industry research and industry reports are essential components of this analysis, providing valuable industry information and industry statistics. The report also includes market value and market size estimations, along with industry sales figures. For those interested in more detailed information, a report example and report PDF are available for download.
The market forecast outlook and market growth rate are crucial for understanding future trends. The report is an invaluable resource for research companies looking for detailed market segmentation and market outlook. It offers a thorough market overview, backed by extensive industry data and industry forecast, ensuring a comprehensive understanding of the industry landscape.
Chemical Mechanical Planarization (CMP) Slurry Market Report Snapshots
