The CMP slurry market is being driven by an increase in the demand for smart gadgets owing to expansion of the consumer electronics industry. In consumer electronics, the penetration of smartphones and tablets is increasing, which further boosts the demand for semiconductors. Currently, every electronic equipment and product that is manufactured consists of semiconductors and microchips. CMP slurry is an important material that is used in the processing of semiconductors, wafer, and microchips. Increasing popularity of miniaturized electronic components and high density setups in small devices is making the compact semiconductor essential. Moreover, CMP slurry has become critical in the production of integrated circuits.

CMP slurries are made of abrasive powder that is nano-sized and dispersed in a chemically reactive solution. While chemical etching softens the material, mechanical abrasion removes it, flattening the topographic features and creating a planar surface. Chemical mechanical planarization (CMP) has become an indispensable technique for fabricating ICs and other electronic components. Rise in adoption of this technique in the semiconductor industry is expected to boost the demand for CMP slurries.

The increase in demand for semiconductor chip from various end-use industries is boosting the production of semiconductor chips and hence, there has been rise in use of CMP slurries in semiconductor manufacturing companies.

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Key Developments in Global CMP Slurry Market

In 2020,     Soulbrain Co., Ltd developed new poly buffering slurry. The company     focuses on R&D and aims to offer electronics related chemical materials     such as chemical mechanical polishing slurries to customers.

In January     2020, Entegris acquired Sinmat for approximately US$ 75 Mn. This     acquisition adds specialty CMP slurries to the company’s portfolio, and     would further help Entegris to develop new products and create unique and     differentiated value for its customers.

In 2019,     Fujimi Corporation established a HVM site for silicon carbide wafer     polishing slurries at its manufacturing plant at Tualatin, Oregon, U.S.     The company has developed various alumina and silica-based polishing     slurries for SiC wafer polishing. These slurries are prepared with     non-acidic chemistries at neutral pH.

Increase in Demand for Miniaturized Consumer Electronics to Drive Global CMP Slurry Market

Moreover, evolving demand for chips is prompting the industry to adopt as well as to develop new productivity tools. The growth of artificial intelligence (AI), big data, and cloud computing is not only creating new growth avenues for chip makers, but also providing opportunities to improve their performance. Thus, increase in adoption of consumer electronic devices is expected to drive the global CMP slurry market during the forecast period.

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Rise in Adoption of Advanced Technologies to Boost CMP Slurry Market

The semiconductor industry has been evolving for the last few decades; among these, miniaturization in semiconductor technology has made a significant contribution to the success of modern electronics in numerous fields. Multiple manufacturers are engaged in the development of leading-edge and advanced technologies that can be utilized in semiconductor manufacturing process to enhance the performance of semiconductor and electronic devices.

Artificial intelligence is reshaping the semiconductor industry by influencing semiconductor manufacturing process and chip designs. Additionally, IoT has brought in a revival in almost all core industries, further boosting the demand for semiconductor chips. Thus, rise in usage of advanced technology for manufacturing of semiconductor devices is anticipated to propel the global CMP slurry market during the forecast period.

Preference for Aluminum Oxide Ceramic Due to Excellent Engineering Capacity and Easy Material Availability

In terms of type, the global CMP slurry market has been segregated into aluminum oxide, ceramic, cerium oxide, silica, and others. The aluminum oxide segment held a prominent share of 34.51% of the market in 2021, as it is commercially available slurry for tungsten CMP, which requires superior planarity and extremely accurate uniformity control. Moreover, aluminum oxide exhibits good planarity and selectivity performance. Aluminum oxide is an extremely hard-wearing ceramic with excellent engineering capacity and easy material availability. It forms the basis of a several range of common CMP slurry products. In addition, it is the most commonly used industrial mineral today. It occurs naturally in the form of the mineral corundum.

Ability of Silicon Wafers to Lower Heat in High-speed Devices to Drive Product Demand

Based on application, the global CMP Slurry has been classified into silicon wafers, optical substrates, disk-drive components, and others microelectronic surfaces. Among applications, the silicon wafers segment held 50.03% share of the market in 2021. This is due to its increasing usage of silicon wafers in semiconductor chip manufacturing, micro electromechanical systems (MEMS) devices, and advanced complementary metal oxide semiconductor (CMOS) integrated circuit products, as it is helpful to reduce power and heat while increasing the speed performance of a device.

Some of the major market participants provide CMP slurry material in the market for silicon wafer applications and contribute to the market growth; for instance, Ferro Corporation provides various type of CMP slurries that are developed for the primary and secondary polishing of silicon wafers. CMP slurries of the company attain optimal metal CMP removal rates, resulting in reduced cost of ownership and enhanced productivity using existing equipment and space.

Regional Outlook of Global CMP Slurry Market

In terms of value, Asia Pacific held 63.55% share of the global CMP Slurry market in 2021 owing to the increase in penetration of CMP slurry fueled by increasing investment in the semiconductor industry. Increasing competition among manufacturers leads to an increase in the manufacturing quantity of electronics goods such as semiconductors, which in turn, propels the demand for CMP slurry because of favorable CMP slurry composition in countries of Asia Pacific such as Taiwan, China, South Korea, etc.

North America and Europe are also prominent consumers of CMP Slurry, and the regions held significant share of the global market in 2021. Increased demand for CMP Slurry in silicon wafers and optical substrates applications in the North America region drives the market.

Middle East & Africa is a larger consumer of CMP Slurry as compared to Latin American; however, the market in Latin America is estimated to expand at a rapid pace as compared to the market in Middle East & Africa.

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Analysis of Major Players in Global CMP Slurry Market

The global CMP Slurry market is consolidated with a small number of large-scale vendors controlling the majority of the market share. A majority of the firms are spending significantly on comprehensive research and development, and new product development.

Expansion of product portfolios and mergers & acquisitions are major strategies adopted by the key players. 3M Company, Applied Materials, Cabot Corporation, BASF, Dow Chemicals, DONGJIN SEMICHEM CO LTD., Evonik Industries AG, Fujifilm, Fujimi Corporation, SHOWKA DENKO Materials Co. Ltd (Hitachi Chemical), KCTech, Samsung SDI, and Soulbrain Co., Ltd. are the prominent entities operating in this market.

Each of these players has been profiled in the CMP Slurry market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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