Global Chemical Mechanical Polishing Market Size To Worth USD 13.47 Billion By 2033 | CAGR of 7.23%
Category: Chemicals & MaterialsGlobal Chemical Mechanical Polishing Market Size To Worth USD 13.47 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Chemical Mechanical Polishing Market Size is to Grow from USD 6.70 Billion in 2023 to USD 13.47 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.23% during the projected period.
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Browse key industry insights spread across 239 pages with 123 Market data tables and figures & charts from the report on the "Global Chemical Mechanical Polishing Market Size, Share, and COVID-19 Impact Analysis, By Type (CMP Equipment and CMP Consumable), By Application (Integrated Circuits, Semiconductors, MEMS/NEMS, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/chemical-mechanical-polishing-market
Chemical mechanical polishing (CMP) is a manufacturing technology that removes material using a combination of chemical oxidation and mechanical erosion to produce smooth, flat surfaces. The expanding technical advancements in fabrication and semiconductor development have had a substantial influence on industry growth. For example, according to the Press Information Bureau, the Indian semiconductor industry was worth around $ 38 billion in 2023 and is expected to expand to $ 109 billion by 2030. The government has launched many programs to boost domestic semiconductor manufacture in the country. The government's plan will ultimately increase the nation's financial growth, hence supporting market growth. However, manufacturing's excessive cost and complexity limit market expansion.
The CMP consumable segment is expected to drive market expansion throughout the forecast period.
Based on the type, the global chemical mechanical polishing market is divided into CMP equipment and CMP consumables. Among these, the CMP consumable segment is expected to drive market expansion throughout the forecast period. CMP consumables play a vital part in the manufacturing of contemporary semiconductors. It contributes to the development of smaller, faster, and more complex devices for end users. The global market for CMP slurry is expected to grow significantly during the projected period as a result of growing technical developments in semiconductor production processes that aim to improve semiconductor performance.
The integrated circuits segment holds the biggest market share over the projection period.
Based on the application, the global chemical mechanical polishing market is divided into integrated circuits, semiconductors, MEMS/NEMS, other. Among these, the integrated circuits segment holds the biggest market share over the projection period. The advancements in IC technology are expected to open the door to new types of equipment, including polishing equipment. However, Integrated Device Technology Inc., a fully owned subsidiary of Renesas Electronics Corporation, has introduced its first integrated power management integrated circuit (PMIC). It was built for small form factors and unbuffered DDR5-based dual in-line memory modules, and it brought significant changes to the range of laptops, desktops, and embedded computer platforms. Similar advances are expected to move the IC sector ahead.
Asia-Pacific is having the biggest share of the global chemical mechanical polishing market over the forecast period.
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Asia-Pacific is having the biggest share of the global chemical mechanical polishing market over the forecast period. In Asia Pacific, China had the largest market share due to increased investment in new semiconductor plants, as well as rising demand from various end-use industries such as mobile phones, computers, and others, all of which are important factors driving the growth of electronic components, integrated circuits, and other electrical devices. The increasing upgrade in the telecom sector as a result of 5G, as well as in the vehicle industry, is boosting the company's product demand and extending the supplier market.
North America is predicted to grow fastest pace throughout the forecast period. This is due to the North American region's growing industrial activity in electrical items such as semiconductors, integrated circuits, MEMS, and NEMS. The increased usage of advanced fabrication technologies in the semiconductor industry is driving the US market.
Major vendors in the global chemical mechanical polishing market include, Ebara Corporation, Applied Materials Inc, Cabot Microelectronics Corporation, Lapmaster Wolters GmbH, Fujimi Incorporated, CMC Materials Inc, Hitachi Chemical Company Ltd, Badische Anilin- und Sodafabrik SE, Samsung Electronics Co. Ltd, Revasum Inc, Versum Materials Inc, Evonik Industries AG, Asahi Glass Corporation, DuPont de Nemours Inc, Ferro Corporation, 3A Composites India Private Limited, HKC Vietnam Company Limited, and Others.
Recent Developments
- In January 2024, Fujifilm, a Japanese company, constructed a new facility to produce Chemical Mechanical Polishing (CMP) slurries, which are utilized in the semiconductor manufacturing process.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global chemical mechanical polishing market based on the below-mentioned segments:
Global Chemical Mechanical Polishing Market, By Type
- CMP Equipment
- CMP Consumable
Global Chemical Mechanical Polishing Market, By Application
- Integrated Circuits
- Semiconductors
- MEMS/NEMS
- Others
Global Chemical Mechanical Polishing Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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