Transparency Market Research (TMR) has carved a new research report on the global CMP slurry market, which delivers insights for the forecast period (2017-2026). The report estimates critical factors such as entry of new vendors to impel growth prospects of the market in the near future. Majority of new vendors are established players in production of core electronic device components. These vendors are likely to develop & introduce advanced materials and chemicals equipped with latest technologies.
The global market for chemical mechanical polishing/planarization (CMP) slurry is fragmented owing to occupancy of several vendors. Major players in the market are continuously taking efforts to increasing their presence globally by employing key strategies such as joint ventures, mergers & acquisitions, and new product development.
Key market players identified by the report include Fujimi Corporation, Evonik, 3M, Applied Materials, BASF, Dow Chemicals, FujiFilm, Samsung Electronics, Hitachi Chemical, and Cabot Corporation.
The global market for CMP slurry has been projected to register a spectacular CAGR through 2026. Worldwide sales of CMP slurry is estimated to account for nearly US$ 3,500 Mn revenues by 2026-end. With the rise of the semiconductor materials and equipment industry, engineers are continuously working on the optimization of CMP processes for enabling an ever-surging slurry dilution, and evaluating new pad entrants in the market.
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Unlike front-end semiconductor applications, the back-end processing has long utilized CMP slurries. However, with the transistor level becoming critical, CMP slurry is now observed as the enabling technology for front-end processing as well. It is being deployed in an array of front-end applications, particularly in memory devices, and for implementing metal gate integration schemes.
According to the report, Asia-Pacific excluding Japan (APEJ) is expected to hold the lion’s share of the market during 2017 to 2026. In addition, sales of CMP slurry in APEJ is projected to register the fastest growth through 2026.
The CMP slurry markets in North America and Japan are expected to trail behind that in APEJ, in terms of revenue share. The market in North America will ride on a comparatively lower CAGR than in Japan through 2026. Revenues from CMP slurry sales in Middle East & Africa (MEA) and Latin America will continue to be sluggish throughout the forecast period.