Chemical Mechanical Polishing Market Size, Share, Opportunities, And Trends By Type (CMP Equipment, CMP Consumables), By Application (Micro-electromechanical systems (MEMS), Printed Circuit Boards (PCBs), Integrated Circuits (ICs), Others), And By Geography - Forecasts From 2023 To 2028

Chemical mechanical polishing is a crucial process technology stage in the production of semiconductor wafers and with the aid of chemical slurry and mechanical movements, a completely flat surface is created on the top of the wafer during this process action, which is required to create semiconductor materials that are more powerful and durable. The application usage of chemical mechanical polishing in smaller and more reliable semiconductors, and in the electronic and automobile industry is becoming necessary due to the increasing performance requirements from electronic devices and vehicles, which in turn is fuelling the demand for chemical mechanical polishing and driving the overall market growth during the forecasted period.

The rising integrated circuits demand will boost the market growth

Chemical mechanical polishing is a common manufacturing technique used in the semiconductor business to create memory discs and integrated circuits used in contemporary electronic gadgets.  With the rise in the sales of integrated circuits, the market for chemical mechanical polishing will boost at a rapid pace. According to World Semiconductor Trade Statistics, the microprocessors which are included in the category of micro-ICs saw a 15.1% rise in sales to $80.2 billion in 2021. As per the same source, automotive IC sales reached a new high of $26.4 billion in 2022, up 34.3% year over year. The sales of ICs growing in the semiconductor industry will increase the demand for chemical mechanical polishing which will boost the overall market growth during the forecasted period.

The increased adoption of printed circuit boards will boost market growth.

A vital component of almost all consumer electronic appliances and the automotive sector is printed circuit boards (PCBs). This board connects electrical components to ensure that the car's stereo and visual display systems work as expected with usage in global location systems, or GPS. The rising automobile production will boost the demand for printed circuit boards which will boost the chemical mechanical polishing market growth. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, the production of cars globally has increased from 77 650 152 units in 2020 to 85 016 728 units in 2022 showing a 10% increase in production. Significant investment has also been made in PCB manufacturing as a result of the increase in telematics, advanced driver assistance systems (ADAS), and infotainment device integration in cars by the automobile sectors. Therefore, the demand for chemical mechanical polishing is increasing due to the integration of electronic control units in cars which will boost the chemical mechanical polishing market growth.

During the forecast period, the Asia-Pacific region is expected to dominate the market

The low production cost and the increasing electronics production are the two major drivers of the chemical mechanical polishing market's growth in the Asia-Pacific region. For instance, the State Council of the People's Republic of China reports that the added value to the major electronics producers in the nation raised by 12.7% every year in the two months from January to February 2022, compared to 7.5% growth in the country's overall industrial sector. The Asia-Pacific region will continue to rule this market primarily due to its flourishing semiconductor manufacturing which will increase demand for chemical mechanical polishing. According to PIB reports, in February 2022, the Indian semiconductors market was valued at USD 15 billion in 2020, and it is predicted to be around USD 63 billion by 2026. According to World Semiconductor Trade Statistics, Taiwan semiconductor manufacturing generated TWD625.53 billion in sales income in the fourth fiscal quarter of 2022. These developments in the electronics and semiconductor industry are rising the demand for chemical mechanical polishing in the Asia Pacific region which will boost the market growth during the forecasted period.

Market Key Developments

• In February 2022, Merck Korea completed the building of a new semiconductor chemical mechanical polishing slurry production facility at its Pyeongtaek factory in South Korea.

Chemical Mechanical Polishing Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Type, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	Applied Materials Inc, Ebara Corporation, Lapmasters Wolters GmbH, DuPont de Nemours Inc, Fujimi Incorporated, Revasum Inc, Okamoto Corporation, Accretech GmbH, Logitech Ltd, Entegris
Customization Scope	Free report customization with purchase

 

Segmentation

• By Type
  • CMP Equipment
  • CMP Consumables
• By Application
  • Micro-electromechanical systems (MEMS)
  • Printed Circuit Boards (PCBs)
  • Integrated Circuits (ICs)
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis

5. CHEMICAL MECHANICAL POLISHING MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. CMP Equipment

5.3. CMP Consumables

6. CHEMICAL MECHANICAL POLISHING MARKET ANALYSIS, BY APPLICATION

6.1. Introduction

6.2. Micro-electromechanical systems (MEMS)

6.3. Printed Circuit Boards (PCBs)

6.4. Integrated Circuits (ICs)

6.5. Others 

7. CHEMICAL MECHANICAL POLISHING MARKET ANALYSIS, BY GEOGRAPHY

7.1. Introduction

7.2. North America 

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America 

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe 

7.4.1. UK

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain 

7.4.6. Others

7.5. Middle East and Africa 

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific 

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan 

7.6.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Applied Materials Inc

9.2. Ebara Corporation

9.3. Lapmasters Wolters GmbH

9.4. DuPont de Nemours Inc

9.5. Fujimi Incorporated 

9.6. Revasum Inc

9.7. Okamoto Corporation

9.8. Accretech GmbH

9.9. Logitech Ltd

9.10. Entegris 

Applied Materials Inc

Ebara Corporation

Lapmasters Wolters GmbH

DuPont de Nemours Inc

Fujimi Incorporated

Revasum Inc

Okamoto Corporation

Accretech GmbH

Logitech Ltd

Entegris