CMP SLURRY MARKET ANALYSIS

Cmp Slurry MarketSize and Trends

Market Dynamics:

• The growth in the semiconductor industry is driven by expanding applications of semiconductors in segments such as data processing, consumer’s electronics and others, which is driving demand for new technologies such as 3D packaging, 3D NANDs etc. This is expected to drive the CMP slurry market growth as CMP is crucial for delivering the above technologies. Moreover, the rising trend of new technology and demand for new and improved consumer electronics is favoring the overall growth of the market.
• Moreover, product launches along with mergers and acquisition by key players in the CMP slurry market are contributing to the growth of the market. For instance, in August 2018, Cabot Micro, a producer of silica-based chemical-mechanical planarization slurries, announced plans to acquire KMG Chemicals,a leading supplier of high-purity cleaning chemicals used between chip-making steps. Through the acquisition, Cabot Micro aims to increase its sales in the U.S. markets.

Market Outlook:

• Based on application, the silicon wafers segment is expected to dominate the market during the forecast period owing to the rising consumption of silicon wafers. For instance, a report published by SEMI, a global microelectronics industry association suggests that in the year 2017, nearly 3 billion square inches of silicon wafer were developed, polished, shipped and sliced. Moreover, the report suggests that in 2017, around 2,798 million square inches of silicon wafers were shipped to various supplies of electronic products. The aforementioned are the key factors driving the growth of overall CMP slurry market.