The chemical mechanical polishing market has grown strongly in recent years. It will grow from $5.58 billion in 2023 to $6.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed in the historical period of Chemical Mechanical Polishing (CMP) can be attributed to the growth of the automotive industry, the expansion of the aerospace sector, increasing demand for customization, efficiency and productivity gains, the globalization of manufacturing, and the rise in mass production.
The chemical mechanical polishing market is expected to see strong growth in the next few years. It will grow to $8.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period for Chemical Mechanical Polishing (CMP) can be attributed to the integration of additive manufacturing, the expansion of the renewable energy sector, advancements in machining advanced materials, global infrastructure development, and a focus on sustainable manufacturing. Major trends expected in the forecast period include the integration of industry 4.0, the utilization of multi-tasking and multi-function machines, precision and high-speed machining, the adoption of digital twin technology, the implementation of open architecture control systems, and customization tailored to specific industries.
The anticipated growth in the Chemical Mechanical Polishing (CMP) market is expected to be driven by the expansion of the consumer electronics industry. Consumer electronics, comprising devices such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices, are experiencing growth due to factors such as population expansion, increased incomes, urbanization, and growing demand for connectivity and mobility. CMP is integral to meeting the rising demand for consumer electronics, facilitating the production of advanced electronic components with high precision and accuracy. In May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million), with consumer electronics production increasing from $1,714,724 million (¥25,268 million) in May 2022 to $2,178,430 million (¥32,099 million) in May 2023.
The growth of the Chemical Mechanical Polishing (CMP) market is further expected to be fueled by the expanding semiconductor industry. The semiconductor sector, involved in producing electronic components from semiconducting materials, is crucial for manufacturing electronic devices. CMP is employed in the semiconductor industry for the precise planarization of wafer surfaces, ensuring optimal microchip performance and yield. According to the Semiconductor Industry Association (SIA), global semiconductor industry sales amounted to $46.6 billion in October 2023, marking a 3.9% increase compared to the September 2023 total of $44.9 billion. The rising semiconductor industry is thus a driving force behind the growth of the Chemical Mechanical Polishing market.
The chemical mechanical polishing market is witnessing key trends, with the expansion of production and investment taking center stage. Major players in the market are strategically focusing on increasing their production capacities to reinforce their market positions. In September 2022, Showa Denko Materials Co. Ltd., a Japanese chemical company, announced a substantial investment of 20 billion yen across its plants in Japan and Taiwan. This investment aims to expand the production capacity of chemical mechanical polishing (CMP) slurry, addressing the growing demand in the semiconductor industry and supporting material development for cutting-edge devices. Showa Denko Materials aims to enhance its CMP slurry production by around 20% with this initiative.
Prominent companies in the chemical mechanical polishing market are directing their efforts toward the development of advanced slurry facilities to enhance the efficiency and precision of semiconductor manufacturing. Merck Group, a German chemical mechanical polishing (CMP) company, expanded its production of CMP slurry in Korea in March 2022. CMP slurry plays a crucial role in polishing and leveling semiconductor wafer surfaces, contributing to improved semiconductor fabrication.
In July 2022, Entegris Inc., a US-based provider of products and systems for critical material handling, acquired CMC Materials Inc. This strategic acquisition strengthens Entegris' portfolio and operational capabilities, offering an unparalleled range of solutions within the fab environment and across the semiconductor ecosystem. The expanded offerings increase Entegris' content per wafer opportunity, elevating unit-driven revenue from 70% to approximately 80%. The enhanced materials and process solutions are designed to improve productivity, enhance performance, and reduce the total cost of ownership. CMC Materials Inc., based in the US, is a provider of slurries used in polishing processes such as chemical mechanical planarization.
Major companies operating in the chemical mechanical polishing market report are 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, Logitech International SA, Tianjin Huahaiqingke, Tokyo Seimitsu Co. Ltd., K.C. Tech Co. Ltd., IV Technologies Inc., Merck Group, Solvay S.A., Air Products and Chemicals Inc., Entegris Inc., Okamoto Corporation, Compagnie de Saint-Gobain S.A., Dow Inc., LAM Research Corporation.
Asia-Pacific was the largest region in the chemical mechanical polishing market in 2023. The regions covered in the chemical mechanical polishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical mechanical polishing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories within chemical mechanical polishing encompass CMP equipment, CMP consumables, slurry, pad, pad conditioners, and others. CMP equipment represents the machinery instrumental in executing the polishing process, utilizing a rotating platen, polishing pad, and slurry. These machines include polishing and grinding equipment, along with slurry testing technologies. The adapted technologies span leading edge, More than Moore's, and emerging trends. Chemical Mechanical Polishing finds application across various semiconductor domains, including compound semiconductors, integrated circuits, MEMS (microelectromechanical systems), NEMS (nanoelectromechanical systems), and other related areas.
The chemical mechanical polishing market research report provides chemical mechanical polishing market statistics, including chemical mechanical polishing industry global market size, regional shares, competitors with a chemical mechanical polishing market share, detailed chemical mechanical polishing market segments, market trends and opportunities, and any further data you may need to thrive in the chemical mechanical polishing industry. This chemical mechanical polishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chemical mechanical polishing (CMP) market consists of sales of polishing equipment, slurries, pads, and other related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The chemical mechanical polishing market is expected to see strong growth in the next few years. It will grow to $8.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period for Chemical Mechanical Polishing (CMP) can be attributed to the integration of additive manufacturing, the expansion of the renewable energy sector, advancements in machining advanced materials, global infrastructure development, and a focus on sustainable manufacturing. Major trends expected in the forecast period include the integration of industry 4.0, the utilization of multi-tasking and multi-function machines, precision and high-speed machining, the adoption of digital twin technology, the implementation of open architecture control systems, and customization tailored to specific industries.
The anticipated growth in the Chemical Mechanical Polishing (CMP) market is expected to be driven by the expansion of the consumer electronics industry. Consumer electronics, comprising devices such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices, are experiencing growth due to factors such as population expansion, increased incomes, urbanization, and growing demand for connectivity and mobility. CMP is integral to meeting the rising demand for consumer electronics, facilitating the production of advanced electronic components with high precision and accuracy. In May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million), with consumer electronics production increasing from $1,714,724 million (¥25,268 million) in May 2022 to $2,178,430 million (¥32,099 million) in May 2023.
The growth of the Chemical Mechanical Polishing (CMP) market is further expected to be fueled by the expanding semiconductor industry. The semiconductor sector, involved in producing electronic components from semiconducting materials, is crucial for manufacturing electronic devices. CMP is employed in the semiconductor industry for the precise planarization of wafer surfaces, ensuring optimal microchip performance and yield. According to the Semiconductor Industry Association (SIA), global semiconductor industry sales amounted to $46.6 billion in October 2023, marking a 3.9% increase compared to the September 2023 total of $44.9 billion. The rising semiconductor industry is thus a driving force behind the growth of the Chemical Mechanical Polishing market.
The chemical mechanical polishing market is witnessing key trends, with the expansion of production and investment taking center stage. Major players in the market are strategically focusing on increasing their production capacities to reinforce their market positions. In September 2022, Showa Denko Materials Co. Ltd., a Japanese chemical company, announced a substantial investment of 20 billion yen across its plants in Japan and Taiwan. This investment aims to expand the production capacity of chemical mechanical polishing (CMP) slurry, addressing the growing demand in the semiconductor industry and supporting material development for cutting-edge devices. Showa Denko Materials aims to enhance its CMP slurry production by around 20% with this initiative.
Prominent companies in the chemical mechanical polishing market are directing their efforts toward the development of advanced slurry facilities to enhance the efficiency and precision of semiconductor manufacturing. Merck Group, a German chemical mechanical polishing (CMP) company, expanded its production of CMP slurry in Korea in March 2022. CMP slurry plays a crucial role in polishing and leveling semiconductor wafer surfaces, contributing to improved semiconductor fabrication.
In July 2022, Entegris Inc., a US-based provider of products and systems for critical material handling, acquired CMC Materials Inc. This strategic acquisition strengthens Entegris' portfolio and operational capabilities, offering an unparalleled range of solutions within the fab environment and across the semiconductor ecosystem. The expanded offerings increase Entegris' content per wafer opportunity, elevating unit-driven revenue from 70% to approximately 80%. The enhanced materials and process solutions are designed to improve productivity, enhance performance, and reduce the total cost of ownership. CMC Materials Inc., based in the US, is a provider of slurries used in polishing processes such as chemical mechanical planarization.
Major companies operating in the chemical mechanical polishing market report are 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, Logitech International SA, Tianjin Huahaiqingke, Tokyo Seimitsu Co. Ltd., K.C. Tech Co. Ltd., IV Technologies Inc., Merck Group, Solvay S.A., Air Products and Chemicals Inc., Entegris Inc., Okamoto Corporation, Compagnie de Saint-Gobain S.A., Dow Inc., LAM Research Corporation.
Asia-Pacific was the largest region in the chemical mechanical polishing market in 2023. The regions covered in the chemical mechanical polishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical mechanical polishing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories within chemical mechanical polishing encompass CMP equipment, CMP consumables, slurry, pad, pad conditioners, and others. CMP equipment represents the machinery instrumental in executing the polishing process, utilizing a rotating platen, polishing pad, and slurry. These machines include polishing and grinding equipment, along with slurry testing technologies. The adapted technologies span leading edge, More than Moore's, and emerging trends. Chemical Mechanical Polishing finds application across various semiconductor domains, including compound semiconductors, integrated circuits, MEMS (microelectromechanical systems), NEMS (nanoelectromechanical systems), and other related areas.
The chemical mechanical polishing market research report provides chemical mechanical polishing market statistics, including chemical mechanical polishing industry global market size, regional shares, competitors with a chemical mechanical polishing market share, detailed chemical mechanical polishing market segments, market trends and opportunities, and any further data you may need to thrive in the chemical mechanical polishing industry. This chemical mechanical polishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chemical mechanical polishing (CMP) market consists of sales of polishing equipment, slurries, pads, and other related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Chemical Mechanical Polishing Market Characteristics3. Chemical Mechanical Polishing Market Trends and Strategies31. Global Chemical Mechanical Polishing Market Competitive Benchmarking32. Global Chemical Mechanical Polishing Market Competitive Dashboard33. Key Mergers and Acquisitions in the Chemical Mechanical Polishing Market
4. Chemical Mechanical Polishing Market - Macro Economic Scenario
5. Global Chemical Mechanical Polishing Market Size and Growth
6. Chemical Mechanical Polishing Market Segmentation
7. Chemical Mechanical Polishing Market Regional and Country Analysis
8. Asia-Pacific Chemical Mechanical Polishing Market
9. China Chemical Mechanical Polishing Market
10. India Chemical Mechanical Polishing Market
11. Japan Chemical Mechanical Polishing Market
12. Australia Chemical Mechanical Polishing Market
13. Indonesia Chemical Mechanical Polishing Market
14. South Korea Chemical Mechanical Polishing Market
15. Western Europe Chemical Mechanical Polishing Market
16. UK Chemical Mechanical Polishing Market
17. Germany Chemical Mechanical Polishing Market
18. France Chemical Mechanical Polishing Market
19. Italy Chemical Mechanical Polishing Market
20. Spain Chemical Mechanical Polishing Market
21. Eastern Europe Chemical Mechanical Polishing Market
22. Russia Chemical Mechanical Polishing Market
23. North America Chemical Mechanical Polishing Market
24. USA Chemical Mechanical Polishing Market
25. Canada Chemical Mechanical Polishing Market
26. South America Chemical Mechanical Polishing Market
27. Brazil Chemical Mechanical Polishing Market
28. Middle East Chemical Mechanical Polishing Market
29. Africa Chemical Mechanical Polishing Market
30. Chemical Mechanical Polishing Market Competitive Landscape and Company Profiles
34. Chemical Mechanical Polishing Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on chemical mechanical polishing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for chemical mechanical polishing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: CMP Equipment; CMP Consumable; Slurry; PAD; PAD Conditioner; Other Consumable Types
2) By Equipment: Polishing and Grinding; Slurry Testing
3) By Technology: Leading Edge; More than Moore's; Emerging
4) By Application: Compound Semiconductors; Integrated Circuits; MEMS (microelectromechanical systems) and NEMS (nanoelectromechanical systems); Other Applications
Key Companies Mentioned: Ebara Corporation; Applied Materials Inc.; Cabot Microelectronics Corporation; Lapmaster Wolters GmbH; Fujimi Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- Logitech International SA
- Tianjin Huahaiqingke
- Tokyo Seimitsu Co. Ltd.
- K.C. Tech Co. Ltd.
- IV Technologies Inc.
- Merck Group
- Solvay S.A.
- Air Products and Chemicals Inc.
- Entegris Inc.
- Okamoto Corporation
- Compagnie de Saint-Gobain S.A.
- Dow Inc.
- LAM Research Corporation
Methodology
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