Global CMP Slurry Market Insights Forecasts to 2033  

• The Global CMP Slurry Market Size was estimated at USD 1.79 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.47% from 2023 to 2033
• The Worldwide CMP Slurry Market Size is Expected to Reach USD 3.35 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global CMP Slurry Market Size is expected to cross USD 3.35 Billion by 2033, growing at a CAGR of 6.47% from 2023 to 2033. Increased use of CMP slurries in 5G networks, IoT devices, and automobiles has created fresh opportunities for the CMP slurry market.

Market Overview  

The CMP slurry market refers to the industry dedicated to the manufacture and supply of slurries used in the CMP process, which is an important stage in semiconductor wafer manufacturing. The CMP slurry market is where abrasives, chemicals, and other additives are combined in a particular way to ensure polishing and planarizing the surface of the wafers. CMP is a technique applied in the smoothing and flattening of semiconductor wafers in the production of integrated circuits. The growing need for advanced semiconductor devices and the growing use of 3D NAND technology are driving the growth of the CMP slurry market. The need for CMP slurries in microchips and the increase in product penetration in consumer electronics like smartphones are expected to drive the growth of the CMP slurry market. The growing demand for smart gadgets due to the expansion of the consumer electronics industry is driving the growth of the CMP slurry market.   

Report Coverage

This research report categorizes the CMP slurry market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the CMP slurry market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the CMP slurry market.

Driving Factors

The need to improve semiconductor performance and technological advancements in fabrication and semiconductor processes drives the growth of the CMP slurry market. The demand for silicon wafers is increasing globally as a result of the growing use of CMP slurry. Market expansion is expected to be driven by a rise in business tactics including mergers and acquisitions and product developments embraced by major industry players. Due to advancements aimed at improving polishing precision and decreasing faults, as well as a greater focus on sustainability, the market is anticipated to grow significantly. The growing popularity of consumer gadgets such as smartphones and tablets is driving the demand for the CMP Slurry market.     

Restraining Factors

High-purity fluoropolymers and other appropriate items must come into touch with the extremely corrosive CMP slurry liquid this can be restricted by the CMP Slurry market.   

Market Segmentation

The CMP slurry market share is classified intotype and application.   

• The aluminum oxide segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.  

Based on the type, the CMP slurry market is divided into aluminum oxide, ceramic, cerium oxide, silica, and others. Among these, the aluminum oxide segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Aluminum oxide remarkable hardness, toughness, and resistance to wear enable controlled material removal during planarization, preserving the smoothness and uniformity necessary for optimal device performance.

• The silicon wafers segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the CMP slurry market is divided into silicon wafers, optical substrates, disk-drive components, and others. Among these, the silicon wafers segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Silicon wafers are suitable for a variety of CMP processes, are widely utilized in the production of semiconductors, and are essential for achieving precise planarization and surface quality.

Regional Segment Analysis of the CMP Slurry Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the CMP slurry market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the CMP slurry market over the predicted timeframe. Asia Pacific has risen to the top of the global market for CMP slurry due to its strong domination in semiconductor production, technological advancements, highly skilled workforce, and rising demand for electronic devices. Including firms like Foxconn (Taiwan), Sony (Japan), and Huawei (China), the region is a global leader in electronics manufacturing operations. Demand for CMP slurry is rising as a result of the continuous need for complicated semiconductors brought on by the expansion of consumer electronics, 5G infrastructure, and IoT devices in the Asia Pacific region.

North America is expected to grow at the fastest CAGR growth of the CMP slurry market during the forecast period. Organizations like Lam Research and Applied Materials are leading the development of CMP tools and related technologies, making the US in particular a hub for semiconductor R&D. When companies go to 7nm, 5nm, and 3nm nodes, CMP slurry is essential for advanced chip fabrication. For these cutting-edge applications, American companies continue to develop next-generation CMP slurries to keep North America relevant in the worldwide market. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the CMP slurry market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fujifilm Corp
• 3M Company
• BASF SE
• Soulbrain Co., Ltd.
• Cabot Corporation
• Showa Denko Materials Co. Ltd
• Evonik Industries AG
• Fujifilm
• Dow Chemicals
• Fujimi Corporation
• KCTech
• Samsung SDI
• Applied Materials
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In December 2024, Fujifilm Corp. announced that increase in the amount of sophisticated semiconductor materials, known as CMP slurries, that it can produce at its facility in Kikuyo Town, Kumamoto Prefecture, Japan. This expansion is intended to meet Asia's growing need for semiconductor materials, especially as a result of the rise in AI semiconductor demands.  
• In January 2024, to guarantee supply stability, Fujifilm launched Fujifilm Electronic Materials Co., Ltd. (FFEM) Kyushu as its Kumamoto base for semiconductor materials. The company produces both semiconductor and display materials. This is the first CMP slurry-producing plant in Japan owned by Fujifilm. Due to its domestic production in Japan, Fujifilm can now quickly deliver CMP slurries to its domestic clients.   

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the CMP slurry market based on the below-mentioned segments: 

Global CMP Slurry Market, By Type

• Aluminum Oxide
• Ceramic
• Cerium Oxide
• Silica
• Others

Global CMP Slurry Market, By Application

• Silicon Wafers
• Optical Substrates
• Disk-drive Components
• Others

Global CMP Slurry Market, By Regional Analysis

• 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