Global Chemical Mechanical Polishing Market growing at a CAGR of 7.2% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the chemical mechanical polishing market is predicted to grow at a compound annual growth rate of 7.2% from 2023 to 2030 and is expected to reach USD 9,865.63 million in 2030 which was valued at USD 5,696.20 million in 2022.
The report highlights the increasing adoption of chemical mechanical polishing in integrated circuit applications, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the chemical mechanical polishing market.
Global Chemical Mechanical Polishing Market By Overview
The chemical mechanical polishing market is bifurcated into type and application. Based on type, the market is segmented into CMP equipment and CMP consumable. In 2022, the CMP consumable segment dominate in the overall chemical mechanical polishing market. The application segment is categorized into semiconductors, integrated circuits, MEMS & NEMS, and others. In 2022, the integrated circuit segment accounted for the highest market share in the chemical mechanical polishing market.
Get Free SampleMarket Dynamics
Driver:
- Increasing adoption of chemical mechanical polishing in integrated circuits is favoring the growth of the market.
- The growth of the semiconductor application is supplementing the chemical mechanical polishing market growth.
Restraints:
- Performance limitations associated with chemical mechanical polishing are restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | CMP Equipment and CMP Consumable (Slurry, PAD, and Others) |
| By Application | Semiconductors, Integrated Circuits, MEMS & NEMS, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Ebara Corporation, Applied Materials, Inc., Cabot Microelectronics Corporation, and Lapmaster Wolters GmbH which has a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the chemical mechanical polishing market is expected to witness substantial growth in the coming years due to the growing investment in new semiconductor manufacturing projects in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Ebara Corporation
- Applied Materials, Inc.
- Cabot Microelectronics Corporation
- Lapmaster Wolters GmbH
- DuPont Electronic Solutions
- Fujimi Incorporated
- Okamoto Corporation
- Strasbaugh Inc.
- Accretech Create Corp.
- Revasum Inc.
