PUBLISHER: The Business Research Company | PRODUCT CODE: 1409295
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409295
“Chemical Mechanical Planarization Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chemical mechanical planarization market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for chemical mechanical planarization? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chemical mechanical planarization market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Chemical Mechanical Planarization (CMP) is a surface flattening method employed for silicon oxide, metal, and polysilicon surfaces. It involves utilizing both chemical and mechanical forces to polish surfaces, combining abrasive polishing and chemical etching processes.
The primary categories within Chemical Mechanical Planarization (CMP) are CMP consumables and CMP equipment. CMP consumables encompass various components such as slurry, pads, and pad conditioners. The technology associated with CMP can be classified into leading-edge technology and More than Moore's technology. These applications are used in various fields including integrated circuits, MEMS (Micro-Electro-Mechanical Systems), NEMS (Nano-Electro-Mechanical Systems), compound semiconductors, and optics.
The chemical mechanical planarization market research report is one of a series of new reports from The Business Research Company that provides, chemical mechanical planarization market statistics, including, clock buffer industry global market size, regional shares, competitors with a chemical mechanical planarization market share, detailed, chemical mechanical planarization market segments, market trends and opportunities, and any further data you may need to thrive in the clock buffer industry. This, chemical mechanical planarization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chemical mechanical planarization market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. During the historical period, the growth in Chemical Mechanical Planarization (CMP) can be attributed to several factors, including the increase in semiconductor manufacturing, the ongoing trend towards miniaturization of electronic devices, advancements in materials science facilitating CMP processes, the growing demand for smaller and faster chips, as well as the increasing need for high-performance computing capabilities.
The chemical mechanical planarization market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. Anticipated growth in the upcoming period within Chemical Mechanical Planarization (CMP) is expected to be influenced by several factors, notably the rising complexity of memory devices, a heightened emphasis on automotive electronics, the increasing demand for higher data storage capacity, augmented investments in foundry services, and the development of quantum computing technologies. Key trends projected in the forecast period encompass the adoption of 3D ICs (Integrated Circuits) and advanced packaging methodologies, integration with metrology and inspection tools to enhance precision, increased collaboration in research and development efforts within the industry, advancements in nanotechnology applications for CMP, and the continued evolution of FinFET (Fin Field-Effect Transistor) technology.
The surging popularity of smartphones is poised to drive the growth of the chemical mechanical planarization (CMP) market. Smartphones, featuring organic light-emitting diode (OLED) displays fabricated from flexible materials such as plastic, leverage chemical mechanical planarization for material removal, topography planarization, and device structure formation during manufacturing. As of February 2021, data from the Pew Research Center indicates that smartphone ownership among Americans reached 85%, a significant increase from 35% a decade ago. Furthermore, a report from Uswitch Limited in February 2023 forecasts that 95% of the anticipated 68.3 million people in the UK by 2025 will own smartphones. This widespread adoption of smartphones is a key driver for the growth of the chemical mechanical planarization market.
The escalating demand for semiconductors is expected to be a major catalyst for the growth of the chemical mechanical planarization market. Semiconductors, essential for electronic devices such as computers, rely on chemical mechanical planarization to achieve smooth, defect-free surfaces on silicon wafers and other substrates. This process is crucial for ensuring the proper operation of semiconductor devices. According to the Semiconductor Industry Association in February 2023, global semiconductor sales recorded a 3.3% increase from $555.9 billion in 2021 to $574.1 billion in 2022. The growing demand for semiconductors underscores the significance of chemical mechanical planarization in supporting this industry's expansion.
A key trend gaining traction in the chemical mechanical planarization market is product innovation. Leading companies in the market are actively focusing on technological advancement and developing new products to reinforce their market positions. An example of this trend is seen in Samsung Electronics Co., Ltd., a South Korean multinational electronics corporation, which introduced the world's first reusable semiconductor polishing pad in June 2021. This innovative CMP pad addresses the environmental concerns and cost implications associated with the repeated purchase and disposal of CMP pads in the semiconductor industry. This commitment to product innovation highlights the dynamic nature of the chemical mechanical planarization market.
Major players in the chemical mechanical planarization (CMP) market are strategically concentrating on the development of innovative products, particularly SiC CMP systems, to enhance their competitive position. A SiC CMP system is a specialized CMP tool designed specifically for polishing silicon carbide (SiC) wafers, catering to the unique requirements of SiC device manufacturing. An illustrative example is Applied Materials Inc., a prominent US-based provider of equipment, services, and software for semiconductor manufacturing. In September 2021, Applied Materials Inc. introduced the Mirra Durum CMP System, equipped with dedicated hardware optimized for the more aggressive slurries and chemistries essential for polishing SiC wafers. This ensures the system can achieve high removal rates and low defect levels necessary for SiC device manufacturing. The Mirra Durum is capable of polishing 200mm SiC wafers with the high quality and uniformity demanded in SiC device manufacturing.
In January 2023 , Amtech Systems Inc., a US-based manufacturer of semiconductor consumables and equipment, acquired Entrepix Inc., for an undisclosed amount. This acquisition is anticipated to broaden Amtech's market opportunities and expedite growth in the front-end wafer processing market, particularly in silicon carbide applications. Entrepix Inc., a US-based provider specializing in chemical mechanical planarization and wafer cleaning technologies, aligns well with Amtech's existing product portfolio. The integration of Entrepix's expertise is expected to enhance Amtech's capabilities, and the combined entities will benefit from a more extensive customer base, reinforcing their collective presence in the semiconductor industry.
Major companies operating in the chemical mechanical planarization market report are Arla Foods amba, Lactalis American Group Inc., Fonterra Co-operative Group Limited, Saputo Inc., The Kraft Heinz Company, Dodoni S.A., Kolios S.A, Mevgal, Saudia Dairy and Foodstuff Company, Clover Leaf Cheese Ltd., Carr Valley Cheese, Agropur Cooperative, Churney Company Inc., Organic Valley, Amul, Bel Brands USA Inc., Fage International S.A., Epirus S.A., Karoun Dairies LLC, Vermont Creamery, Lemnos Foods, Mt Vikos, Pastures of Eden, Olympus Dairy, Crystal Farms, Arahova Products Distribution Inc., Old Europe Cheese, Bethel Creamery, Klondike Cheese Company, Sierra Nevada Cheese Co., Makedonia S.A., Valbreso, Verde Farm, Domi Greece, Kasseri S.A., Naxos Dairy, Tresomega Nutrition .
Asia-Pacific was the largest region in the chemical mechanical planarization market in 2023. The regions covered in the chemical mechanical planarization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the chemical mechanical planarization market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The chemical mechanical planarization market consists of revenues earned by entities by providing services such as chemical mechanical polishing method and practice, post-CMP cleaning, particle removal by surfactants during semiconductor cleaning, process technology for copper interconnects, back-end-of-line cleaning, metal surface chemical composition, and morphology, brush scrubbing for post-CMP cleaning. The market value includes the value of related goods sold by the service provider or included within the service offering. The chemical mechanical planarization market also includes sales of polishing and grinding machines and slurry testing equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.