Global demand for chemical mechanical planarization will rise at 3% CAGR through 2032. The United States CMP market is forecast to hit a valuation of US$ 1.4 billion by 2032.
The global demand for chemical mechanical planarization is expected to grow at a 5.3% CAGR through 2032. The whole market will grow from 5.4 billion USD in 2022 to 9.1 billion USD by 2032.
The sector of CMP consumables will continue to dominate the global market. This is due to the increased use of CMP consumables like slurry during the planarization process. From 2022 to 2032, the target segment is expected to grow at a 5.2% annual rate.
The global market is being driven by the increasing use of chemical mechanical planarization in the semiconductor and electronics industries. Similarly, factors such as increased digitalization penetration will drive demand.
In the semiconductor sector, the chemical mechanical planarization method is widely utilised. It is one of the processes used in the fabrication of chips, integrated circuits, and compound semiconductors. As a result, rising demand for these products will fuel the CMP industry.
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The increased use of smartphones, tablets, and other electronic devices as a result of digitization will drive up CMP demand even more. These electronic gadgets contain a variety of components manufactured using the CMP technique.
Similarly, advances in CMP equipment and consumables will aid market growth. Several new chemical mechanical planarization machines are entering the market. The penetration of this equipment will be beneficial to the market.
Key Takeaways from the Chemical Mechanical Planarization Market Report:
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“Robust expansion of semiconductor and electronics sector will elevate CMP demand. Further, rising demand for next-generation electronic devices will bode well for the market. Says a lead Future Market Insights analyst.
Who is Winning?
Ebara Corporation, LAM Research Corporation, Applied Materials Inc., Air Products and Chemicals, Inc., Lapmaster Wolters GmbH, Cabot Microelectronics Corporation, Okamoto Machine Tool Works, Ltd., Hitachi Chemical Company, Ltd., DOW Electronic Materials, CMC Materials, and Fujimi Incorporation are key players operating in chemical mechanical planarization market.
These players are constantly looking to introduce novel CMP equipment and consumables. They are also forming alliances and partnerships as well as adopting merger & acquisition strategy.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the chemical mechanical planarization market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals extensive growth in the chemical mechanical planarization market in terms of type (CMP consumable and CMP equipment), technology (leading edge, more than Moore’s, and emerging), and application (integrated circuits, Mems and Nems, compound semiconductors, and optics) across various regions.
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Chemical Mechanical Planarization Market Segmentation
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 17, 2023
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