Chemical Mechanical Planarization Slurry Market, with a 6.12% CAGR, is forecasted to rise from USD 2.473 billion in 2025 to USD 3.532 billion in 2031.
The market's growth is boosted by the expanding technological developments in fabrication and semiconductor processes, which are primarily intended to improve the semiconductor's performance. The factor driving market expansion is rising investment in semiconductor wafer manufacturing materials for new product development by the manufacturers. Moreover, a rising need for semiconductors and memory chips in industries including the Internet of Things (IoT), automotive, and 5G. The market for CMP slurry is also expected to be driven by the rising popularity of electric and driverless vehicles, which has a significant impact on the need for semiconductors and ICs.
Increase in adoption of planarization in the semiconductor industry
In the semiconductor sector, chemical mechanical planarization slurry is frequently used for metal layer planarization and oxide dielectric planarization. It is also used to create MEMS or microelectromechanical systems. The semiconductor business is being driven by an increased demand for mobile devices, PCs, and moulded interconnect devices (MIDs). Consequently, growth in the semiconductor sector is anticipated to fuel the chemical mechanical planarization slurry market during the time of forecasting.
Increased demand in the consumer electronics sector
The consumer electronics industry is expanding as a result of the increased use of 3D devices, LEDs, smartphones, laptops, TVs, and gaming consoles. A vital component of practically every consumer electrical appliance is a printed circuit board (PCB). Significant investment has also been made in PCB fabrication as a result of the increase in telematics, Advanced Driver Assistance Systems (ADAS), and infotainment device integration in automobiles. Due to the rising demand for comfort, security, and safety in automotive, ADAS is gaining ground in the automotive industry. Therefore, the need for chemical mechanical planarization is increasing due to the growth of the electronics industry and the increased integration of electronic control units in automotives.
Increasing use of chemical mechanical planarization slurry in integrated circuits
In order to obtain the necessary planarity of the substrate and the deposited layers, chemical mechanical planarization slurry is widely used in integrated circuits. The creation of new manufacturing facilities, improvements in electronics and assembly technology, and other factors are the main factors influencing integrated circuit production. For instance, according the data from the Japan Electronics and Information Technology Industries Association (JEITA) The worldwide electronics and information technology sectors are expected to produce $2,972.7 billion in 2020 and $3,175.6 billion in 2021, respectively, As a result, there is a growing need for chemical mechanical planarization slurry to level off uneven surfaces due to the increase in integrated circuit production.
Increasing developments in solar energy projects
The use of chemical mechanical planarization slurry in rotary buffing equipment to remove minute amounts of surface substance from crystalline workpieces makes it the perfect material for solar panels. One significant factor driving the development of new solar projects is the shift in emphasis toward the generation of power from renewable energy. For instance, the investment of USD 1,000 million 1,00 MW Smoky Valley Solar Project in the United States, and a USD 100 million 119 MW solar park in Saudi Arabia are examples of solar energy projects that are under construction. As a result, the demand for photovoltaic panels will increase the chemical mechanical planarization slurry market share.
Rising application of chemical mechanical planarization slurry for silicon wafers
Chemical mechanical planarization is the most widely used process for reducing surface imperfections in silicon wafers. Abrasives of the nanometer scale are often distributed in an acidic or basic solution to form CMP slurries. During mechanical abrasion, a chemical reaction causes the substance to soften. Critical parameters, such as the rate of removal and wafer flaws, are significantly impacted by the size distribution of the abrasive particles which increases the chemical mechanical planarization slurry market share for silicon wafers.
Asia Pacific is projected to dominate the Chemical mechanical planarization slurry market
During the projected period, the Asia Pacific region is anticipated to lead the chemical mechanical planarization slurry market. This can be attributable to the region's expanding semiconductor sector. Chemical mechanical polishing is said to be the most important process in semiconductor fabrication. While one of the primary uses of CMP is material removal, it is also increasingly being utilized for a variety of other purposes, such as defect reduction, uniformity control, and semiconductor surface smoothening. These developments are anticipated to boost the expansion of the chemical mechanical planarization slurry market in Asia Pacific.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 β 2031 |
| Companies |
|
Report Metric | Details |
Chemical Mechanical Planarization Slurry Market Size in 2025 | USD 16.487 billion |
Chemical Mechanical Planarization Slurry Market Size in 2030 | USD 57.533 billion |
Growth Rate | CAGR of 28.40% |
Study Period | 2020 to 2030 |
Historical Data | 2020 to 2023 |
Base Year | 2024 |
Forecast Period | 2025 β 2030 |
Forecast Unit (Value) | USD Billion |
Segmentation |
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Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in the Chemical Mechanical Planarization Slurry Market |
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Customization Scope | Free report customization with purchase |
Chemical Mechanical Planarization (CMP) Slurry Market Segmentation
By Type
Alumina-based Slurry
Ceria-based Slurry
Silica-based Slurry
Others
By Application
Silicon Wafers
Optical Substrates
Disk-Drive Components
Others
By End User
Electronics
Automotive
Telecommunications
Others
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Thailand
Others