USD 1.76 billion
CMP Slurry Market Size, Share, and Growth Analysis
CMP Slurry Market By Product Type (Aluminum Oxide, Ceramic), By Application (Silicon Wafers, Optical Substrates), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45N2065 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
67
|Figures:
75
Format -
CMP Slurry Market Insights
Global CMP Slurry Market size was valued at USD 1.76 billion in 2023 and is poised to grow from USD 1.87 billion in 2024 to USD 3.08 billion by 2032, growing at a CAGR of 6.4% during the forecast period (2025-2032).
The global CMP slurry market has witnessed substantial growth over the years, driven by the increasing demand for smaller and more powerful semiconductor devices in various industries, including consumer electronics, automotive, and telecommunications. As consumer expectations for faster and more efficient electronic devices continue to rise, manufacturers are under pressure to develop cutting-edge semiconductor components with higher performance and reduced form factors. CMP slurry manufacturers are thus compelled to innovate and produce slurries with higher selectivity, lower defectivity, and enhanced planarization capabilities to meet the stringent requirements of the semiconductor industry. The electronics industry's focus on achieving greater energy efficiency has also influenced the CMP slurry market positively.
As power consumption becomes a critical concern, semiconductor manufacturers are developing energy-efficient chips that require superior planarization during their production. CMP slurry manufacturers are responding to this demand by developing specialised slurries that offer improved planarization efficiency and reduce power consumption in electronic devices.
US CMP Slurry Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Aluminum Oxide Slurry
Fastest Growth
Growth Rate
6.4% CAGR
Global CMP Slurry Market ($ Bn)
Country Share for Asia Pacific Region (%)
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CMP Slurry Market Segments Analysis
Global CMP Slurry Market is segmented by Product Type, Application and region. Based on Product Type, the market is segmented into Aluminum Oxide, Ceramic, Cerium Oxide, Silica and Others. Based on Application, the market is segmented into Silicon Wafers, Optical Substrates, Disk-drive Components and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
CMP Slurry Market Analysis by Type
Among the mentioned CMP Slurry types, Aluminum Oxide Slurry has historically been the most dominant in the global market. It is widely used in the semiconductor industry for planarizing and polishing silicon wafers during the manufacturing process. Its superior material removal rate and compatibility with various integrated circuit (IC) materials have contributed to its widespread adoption.
The fastest growing type is Ceria Slurry and is expected to be the fastest-growing type in the global CMP Slurry market. Ceria-based slurries have gained significant attention and market share due to their excellent polishing performance, especially for advanced nodes in semiconductor fabrication. Ceria Slurry offers advantages such as high selectivity, improved planarization capabilities, and reduced defectivity, making it a preferred choice for finer feature sizes and complex semiconductor devices.
CMP Slurry Market Analysis by Application
Among the various applications of CMP (Chemical Mechanical Planarization) Slurry in the global market, the Semiconductor Manufacturing sector emerges as the most dominant application. CMP Slurries play a critical role in semiconductor fabrication processes, enabling the precise planarization of wafers and ensuring the smooth surface necessary for high-performance integrated circuits. As the demand for advanced semiconductor devices continues to grow, the dominance of CMP Slurries in the semiconductor manufacturing industry remains significant.
On the other hand, the fastest growing application of CMP Slurry is in the Flat Panel Displays segment, encompassing LCD (Liquid Crystal Display) and OLED (Organic Light-Emitting Diode) technologies. CMP Slurries are essential in the manufacturing of flat panel displays, helping to achieve the required uniformity and smoothness on glass substrates. With the rising consumer demand for high-quality displays in televisions, smartphones, tablets, and other electronic devices, the Flat Panel Displays segment is experiencing substantial growth, driving the demand for CMP Slurries in this application.
Global CMP Slurry System Market By Type
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CMP Slurry Market Regional Insights
Among the various regions contributing to the Global CMP (Chemical Mechanical Planarization) Slurry market, the most dominant region is Asia-Pacific. This is accountable to the significant growth in the semiconductor and electronics industries, which are the primary consumers of CMP slurries in the region. Countries like China, South Korea, Taiwan, and Japan are major manufacturing hubs for semiconductors and electronic devices, driving the demand for CMP slurries in this region.
On the other hand, the fastest growing region in the global CMP Slurry market is North America. The region has been experiencing substantial advancements in semiconductor manufacturing and related technologies. The growing demand for high-performance electronic devices, such as smartphones, tablets, and IoT devices, has led to increased investments in semiconductor production facilities in North America.
Global CMP Slurry System By Geography
- Largest
- Fastest
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CMP Slurry Market Dynamics
CMP Slurry Market Drivers
Advancements in Chip Technology
- The semiconductor industry continuously strives to produce smaller, faster, and more powerful chips. Advanced chip designs, such as 3D architectures and FinFET technology, require higher-precision CMP processes. CMP slurry formulations are being developed to meet these stringent requirements, driving the demand for specialised and customised slurries.
CMP Slurry Market Restraints
Fluctuating Semiconductor Market
- The semiconductor industry is subject to cyclical fluctuations and supply-demand imbalances. Economic uncertainties, geopolitical tensions, and technological shifts can impact semiconductor demand, leading to fluctuations in the CMP slurry market.
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CMP Slurry Market Competitive Landscape
The global CMP (Chemical Mechanical Planarization) slurry market presents a highly competitive and dynamic landscape. CMP Slurry plays a critical role in the semiconductor manufacturing process, aiding in the planarization of surfaces to achieve high-precision and smoothness required for advanced microchip production. As the demand for smaller, faster, and more efficient semiconductor devices increases, the competition among companies in the CMP Slurry market intensifies.
Top Players in CMP Slurry Market
- 3M Company (US)
- Applied Materials (US)
- BASF SE (Germany)
- Cabot Corporation (US)
- Dow Chemicals (US)
- Evonik Industries AG (Germany)
- Fujifilm (Japan)
- Fujimi Corporation (Japan)
- Showa Denko Materials Co. Ltd (Resonac Corporation) (Japan)
- KCTech Co., Ltd. (South Korea)
- Soulbrain Co., Ltd. (South Korea)
- Samsung SDI (South Korea)
- Merck Group (Germany)
- KMG Chemicals (US)
- Air Products and Chemicals, Inc. (US)
- Jiangyin Xinhong Chemicals (China)
- Entegris, Inc. (US)
- Henkel AG & Co. KGaA (Germany)
- Shin-Etsu Chemical Co. Ltd. (Japan)
- LG Chem (South Korea)
CMP Slurry Market Recent Developments
- In May 2023, Entegris announced that it had signed a multi-year agreement with TSMC to supply CMP slurries for the production of advanced semiconductor devices. This agreement is a major win for Entegris, and it will help the company to expand its market share in the global CMP slurry market.
- In April 2023, Fujimi Corporation announced that it had developed a new CMP slurry that is specifically designed for the production of high-performance logic devices. This slurry is said to offer improved planarization performance and reduced surface damage, which can lead to improved device performance.
- In March 2023, JSR Corporation announced that it had developed a new CMP slurry that is specifically designed for the production of 3D NAND flash memory devices. This slurry is said to offer improved planarization performance and reduced surface damage, which can lead to improved device performance and reliability.
- In February 2023, DuPont announced that it had launched a new line of CMP slurries that are specifically designed for the production of advanced semiconductor devices. These slurries are said to offer a number of advantages, including improved planarization performance, reduced surface damage, and improved device performance.
- In January 2023, KMG Chemicals announced that it had acquired the CMP slurry business of Entegris. This acquisition is a major expansion for KMG Chemicals, and it will help the company to become a leading supplier of CMP slurries in the global market.
CMP Slurry Key Market Trends
- Advanced Slurries with Improved Performance Characteristics: As semiconductor technology continues to advance, there is a growing need for more sophisticated CMP slurries that can meet the stringent requirements of next-generation devices. Manufacturers are focusing on developing slurries with higher selectivity, better planarization efficiency, and lower defect levels to achieve finer feature sizes and higher device yields. Additionally, there is a rising emphasis on eco-friendly and sustainable slurries to address environmental concerns. This trend drives research and development efforts in the industry, leading to the formulation of innovative CMP slurries that cater to the evolving needs of semiconductor manufacturers and support the continued growth of the global CMP Slurry market.
CMP Slurry Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global CMP slurry market analysis, the increasing demand for advanced memory solutions across various industries, including electronics, automotive, and telecommunications, is a key driver for market growth. Semiconductor memory plays a crucial role in storing and retrieving data in electronic devices, enhancing their performance and functionality. Advanced memory technologies, such as DRAM (Dynamic Random-Access Memory), NAND Flash, and NOR Flash, offer advantages such as high data transfer rates, non-volatile storage capabilities, and low power consumption. In terms of regional analysis, North America and Asia Pacific are dominant regions in the semiconductor memory market. North America is a leading market due to its robust electronics and automotive industries, along with the presence of key market players and technological advancements. The Asia Pacific region is witnessing significant growth, driven by the increasing demand for consumer electronics, rising smartphone penetration, and the rapid adoption of IoT technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.76 billion |
| Market size value in 2032 | USD 3.08 billion |
| Growth Rate | 6.4% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on CMP Slurry Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on CMP Slurry Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the CMP Slurry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the CMP Slurry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the CMP Slurry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the CMP Slurry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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