Press release
CMP Slurry Market - Segmentation, Major Players & Geographical Analysis, 2031
The global CMP slurry market was valued over US$ 1.6 Bn in 2021. It is estimated to grow at a CAGR of 7.2% from 2022 to 2031. The global CMP slurry market is expected to reach surpass value of US$ 3.2 Bn by the end of 2031.Want to know the obstructions to your company's growth in future? Request a Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36632
CMP slurries are made of abrasive powder that is nano-sized and dispersed in a chemically reactive solution. While chemical etching softens the material, mechanical abrasion removes it, flattening the topographic features and creating a planar surface. Chemical mechanical planarization (CMP) has become an indispensable technique for fabricating ICs and other electronic components. Rise in adoption of this technique in the semiconductor industry is expected to boost the demand for CMP slurries.
The increase in demand for semiconductor chip from various end-use industries is boosting the production of semiconductor chips and hence, there has been rise in use of CMP slurries in semiconductor manufacturing companies.
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The CMP slurry market is being driven by an increase in the demand for smart gadgets owing to expansion of the consumer electronics industry. In consumer electronics, the penetration of smartphones and tablets is increasing, which further boosts the demand for semiconductors. Currently, every electronic equipment and product that is manufactured consists of semiconductors and microchips. CMP slurry is an important material that is used in the processing of semiconductors, wafer, and microchips. Increasing popularity of miniaturized electronic components and high density setups in small devices is making the compact semiconductor essential. Moreover, CMP slurry has become critical in the production of integrated circuits.
Moreover, evolving demand for chips is prompting the industry to adopt as well as to develop new productivity tools. The growth of artificial intelligence (AI), big data, and cloud computing is not only creating new growth avenues for chip makers, but also providing opportunities to improve their performance. Thus, increase in adoption of consumer electronic devices is expected to drive the global CMP slurry market during the forecast period.
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The semiconductor industry has been evolving for the last few decades; among these, miniaturization in semiconductor technology has made a significant contribution to the success of modern electronics in numerous fields. Multiple manufacturers are engaged in the development of leading-edge and advanced technologies that can be utilized in semiconductor manufacturing process to enhance the performance of semiconductor and electronic devices.
Artificial intelligence is reshaping the semiconductor industry by influencing semiconductor manufacturing process and chip designs. Additionally, IoT has brought in a revival in almost all core industries, further boosting the demand for semiconductor chips. Thus, rise in usage of advanced technology for manufacturing of semiconductor devices is anticipated to propel the global CMP slurry market during the forecast period.
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