Chemical Mechanical Planarization Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Chemical Polishing Slurry Manufacturers and it is segmented by Device Type (Memory and Logic) and by Geography (South Korea, Taiwan, United States, Japan, Europe, China, and Rest of the World). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Chemical Mechanical Planarization (CMP) Market Size

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Chemical Mechanical Planarization (CMP) Slurry Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.43 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Chemical Mechanical Planarization (CMP) Slurry Market

*Disclaimer: Major Players sorted in no particular order

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Chemical Mechanical Planarization (CMP) Market Analysis

The global chemical mechanical planarization (CMP) slurry market is valued at USD 1.56 billion in 2023. It is expected to reach USD 2.13 billion in 2028, witnessing a CAGR of 6.43% during the forecast period.

The growing technological advancements in fabrication and semiconductor processes, mainly to enhance the performance of the semiconductor, are expected to boost the market's growth. Increasing investment in semiconductor wafer fabrication materials by manufacturers for product innovation is primarily driving market growth.

  • The growing demand for semiconductors and memory chips in markets, including the Internet of Things (IoT), automotive, and 5G, is expected to drive the demand for CMP slurries during the forecast period. The growing adoption of electric vehicles and autonomous vehicles creates a huge demand for semiconductors and ICs, which is projected to drive the market for CMP slurry.
  • Due to the growing demand for power semiconductors with accelerated digitalization and electrification, Infineon Technologies opened a new high-tech chip factory for power electronics on 300 mm thin wafers at Villach, Austria. Such active efforts by key vendors in the semiconductor and memory market are anticipated to boost the demand for CMP slurry in the coming years.
  • The market's growth is driven by the commercialization of 5G mobile communications systems, which increases the need for data centers/mobile terminals, and the development of high-performance semiconductors due to technological innovation in fields such as artificial intelligence/autonomous driving. As a result, the CMP players are expected to grow as the semiconductor memories move from 2D to 3D structures, and the complexity of the transistor structures, including finely-pitched semiconductor logic circuits, increases.
  • Aluminum oxide is the most adopted slurry material in the market, whereas cerium oxide slurries are witnessing a substantial growth rate owing to their application in silicon wafers. CMP processes for advanced logic and memory devices require more varied, non-metal layer combinations that need highly tunable and dilutable CMP slurries to achieve both technical and economic objectives. Therefore, growing multilayer characteristics are forcing the market vendors to offer multi-material polishing, tunable selectivity, and low defects. However, high investment and R&D costs, along with frequent changes in process, are some of the major factors restraining the market growth.
  • As per SEMI, soaring pandemic-inspired demand for chips was estimated to drive an 8% increase in global fab equipment spending in 2020 and a 13% increase in 2021. Of all chip sectors, memory witnessed the largest spending increase in 2020, growing USD 3.7 billion, or 16% year-over-year (Y-o-Y), to USD 26.4 billion. The trend also continued in the post-pandemic era, with global fab equipment spending for front-end facilities estimated to increase approximately 9% year-over-year (Y-O-Y) to reach a new all-time high of USD 99 billion in 2022. The SEMI World Fab Forecast report published in September 2022 showed a global capacity increase approaching 8% in 2022, reaching 7.7%, after a 7.4% growth in 2021. Overall, the increasing demand for semiconductor components is expected to significantly aid the demand for CMP slurries in the coming years.

Chemical Mechanical Planarization (CMP) Market Trends

Memory Segment to Hold Significant Market Share

  • The memory chip demand continues to witness notable growth driven by expanding applications across server, mobile, data communication, automotive, and industrial segments. For instance, according to WSTS, revenue from memory component sales was estimated to reach USD 134.41 billion in 2022.
  • As chemical mechanical planarization (CMP) is now a widely used manufacturing technique by semiconductor companies for creating memory discs, the increasing use of these components in sectors like IoT, 5G, automotive, and data center, among others, may also fuel demand for CMP slurries during the forecast period.
  • The semiconductor industry is witnessing a rapid growth rate, with semiconductors becoming the building blocks of all modern technologies. Technological advancements and innovations in this field are directly impacting all downstream technologies. As a result, the semiconductor memory industry is also witnessing a direct impact from the growing demand for high-performance memory systems across multiple end-user verticals.
  • The explosion in data generation has fueled the demand for improved memory and storage types at workplaces across the globe. As traditional memory systems have been struggling to keep up with the increased volume of data, the growing investments in data centers are also driving the demand for memory devices. For instance, according to Cloudscene, in 2022, the United States was the leading country with 2,701 data centers, followed by Germany (487), the United Kingdom (456), and China (443).
  • A significant proportion of the total system power is spent on the memory systems, as most of the current systems-on-chips (SOC) area is occupied by memories. Moreover, the processing elements need to be fed with instructions and data from memories, where memory plays a crucial role in the system's performance. Therefore, memory is a crucial part of future embedded systems, and non-volatile memory holds great potential to resolve bandwidth, speed, and size problems. These are expected to become market regulars and occupy a significant market share by the end of the forecast period.
Chemical Mechanical Planarization (CMP) Slurry Market: Number of Data Centers, by Country, Global, 2022

Taiwan Holds Major Share in the Market

  • Taiwan is investing in 5G, with its strategy for 5G rollout. Since the semiconductor manufacturing sector mainly drives the initiative, it is expected to keep up with the demands of its IC design customers for different types of digital signal processors for 5G and 5 G's high-frequency radio modem circuits. Thus, this is expected to bring advancements in the market.
  • Taiwan-based TSMC, the world's largest contract chipmaker with more than 50% share in the global market, is also significantly creating demand for CMP slurries. The growing advancement in the telecom industry, due to 5G, and in the automotive industry are also fueling the company's product demand, developing the scope for the market vendors.
  • In May 2023, Microsoft Taiwan established a 5G Foresight Team with local partners to build a complete 5G ecosystem and drive digital transformation by encouraging firms to capitalize on the opportunities provided by 5G and artificial intelligence in Taiwan.
  • Taiwan holds a prominent position in terms of total IC foundry output. It is the global leader with advanced below 10 nm production process, also number one in IC packaging and testing output. Due to these factors, the country observes a significant demand from major IC manufacturers worldwide.
  • The region is witnessing an increasing demand for consumer electronics. For instance, according to the Ministry of Economic Affairs of Taiwan, the sales value of portable computers in Taiwan increased from TWD 64.13 billion (~USD 2.05 billion) in 2021 to TWD 79.23 billion (~USD 2.53 billion) in 2022. Such instances augment the growth of the market studied.
  • Supportive government regulations, easy availability of raw materials and labor have boosted the growth of the semiconductor manufacturing industry. The expanding semiconductor manufacturing is mainly driving the adoption of CMP slurry in the country.
Chemical Mechanical Planarization (CMP) Slurry Market: Sales Value of Portable Computers, TWD Billion, Taiwan, 2012 - 2022

Chemical Mechanical Planarization (CMP) Industry Overview

The CMP slurry market is witnessing significant competition with a limited number of players catering to the market. The market studied has fluctuated with the growing consolidation, technological advancement, and geopolitical scenarios. In addition, the major semiconductor industry player depends on their affiliates for the CMP slurry process, considering their ability to invest, which results from their revenues. Overall, the intensity of the competitive rivalry in the market studied is growing and expected to grow moderately in the forecast period owing to the growth of the semiconductor and IC chip industry. Entegris Inc., Dupont De Nemours Inc., Fujifilm Corporation, Resonac Holding Corporation, Merck KGaA, etc., are some of the major players in the market.

  • May 2023 - The US-based Entegris Inc.'s semiconductor high purity process chemicals (HPPC) business, CMC Materials KMG Corporation (KMG), has been acquired by FUJIFILM Corporation under a definitive agreement. Fujifilm would be able to provide its clients with a wider selection of electronic chemicals due to the acquisition of KMG, including KMG's portfolio of HPPCs, which includes photoresists, photolithography materials, CMP slurry, post-CMP cleaner, and others.
  • February 2023 - Resonac Holding Corporation announced plans to apply virtual technology to the development of semiconductor materials. The company would apply VR technology in analyzing the mechanisms of interaction between an inorganic substrate and organic molecules for semiconductor and electronic materials, such as CMP slurries (polishing materials). According to the company, it would be the first time that VR technology has been implemented to develop semiconductor materials in Japan.

Chemical Mechanical Planarization (CMP) Market Leaders

  1. Entegris Inc.

  2. Resonac Holding Corporation

  3. AGC Inc.

  4. Fujifilm Corporation (Fujifilm Holdings Corporation)

  5. Fujimi Corporation (Fujimi Incorporated)

*Disclaimer: Major Players sorted in no particular order

Chemical Mechanical Planarization (CMP) Slurry Market Concentration
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Chemical Mechanical Planarization (CMP) Market News

  • May 2023: Fujifilm Holdings planned to invest JPY 15 billion (USD 110 million) to increase the production of a chip-polishing material in Taiwan, in line with the rising semiconductor demand from self-driving vehicles and 5G communication technologies. The company would build a new plant and expand existing facilities owned by subsidiary Fujifilm Electronic Materials Taiwan to increase its production capacity of CMP slurry, a material used to polish and planarize the surface of chips, by 50%. The company also planned to begin production of CMP slurry at a plant in southern Japan's Kumamoto prefecture next year.
  • March 2023: Saint-Gobain Surface Conditioning announced the opening of a new manufacturing line to produce its ClasSiC™ product in Avignon, France, and the existing facility in Anaheim, CA, United States. With this action, the company aims to enhance customer service and BCP (Business Continuity Plan) while reducing its carbon footprint.

Chemical Mechanical Planarization (CMP) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Applications - Copper and Barrier, Cobalt, Tungsten, Oxide, Ceria, and Other Applications

    5. 4.5 Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increased Use of 3D Structures in ICs and Growing Importance of CMP Technology

    2. 5.2 Market Restraints

      1. 5.2.1 Technical Challenges Pertaining to CMP Technique

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Device Type

      1. 6.1.1 Memory

      2. 6.1.2 Logic

    2. 6.2 By Geography

      1. 6.2.1 South Korea

      2. 6.2.2 Taiwan

      3. 6.2.3 United States

      4. 6.2.4 Japan

      5. 6.2.5 China

      6. 6.2.6 Europe

      7. 6.2.7 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Vendor Ranking Analysis

    2. 7.2 Company Profiles

      1. 7.2.1 Entegris Inc.

      2. 7.2.2 Resonac Holding Corporation

      3. 7.2.3 AGC Inc.

      4. 7.2.4 Fujifilm Corporation (Fujifilm Holdings Corporation)

      5. 7.2.5 Fujimi Corporation (Fujimi Incorporated)

      6. 7.2.6 Dupont DE Nemours Inc.

      7. 7.2.7 Merck KGaA (Including Versum Materials)

      8. 7.2.8 Saint-Gobain Ceramic & Plastic Inc. (SAINT-GOBAIN Group)

      9. 7.2.9 BASF

    3. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OUTLOOK AND OPPORTUNITIES

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Chemical Mechanical Planarization (CMP) Industry Segmentation

The slurry is a stable mixture of abrasive materials dispersed in DI wafers with other chemicals, such as oxidants, inhibitors, surfactants, and bases, to provide an acid or alkaline pH. Chemical mechanical planarization (CMP) slurries are used in conjunction with CMP pads or polishing naps, which are rotated and held against a substrate or wafer surface during the planarization process.

The chemical mechanical planarization (CMP) slurry market is segmented by device type (memory, logic) and geography (South Korea, Taiwan, United States, Japan, China, Europe, and the Rest of the World). The report offers the market size in value terms in USD for all the abovementioned segments.

By Device Type
Memory
Logic
By Geography
South Korea
Taiwan
United States
Japan
China
Europe
Rest of the World
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Chemical Mechanical Planarization (CMP) Market Research FAQs

The CMP Slurry Market is projected to register a CAGR of 6.43% during the forecast period (2024-2029)

Entegris Inc. , Resonac Holding Corporation , AGC Inc., Fujifilm Corporation (Fujifilm Holdings Corporation) and Fujimi Corporation (Fujimi Incorporated) are the major companies operating in the CMP Slurry Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in CMP Slurry Market.

The report covers the CMP Slurry Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the CMP Slurry Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Chemical Mechanical Planarization Industry Report

Statistics for the 2024 Chemical Mechanical Planarization (CMP) Slurry market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemical Mechanical Planarization (CMP) Slurry analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Chemical Mechanical Planarization Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)