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Global Chemical Mechanical Planarization Slurry Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts -

·5-min read

The "Chemical Mechanical Planarization (CMP) Slurry Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to's offering.

The chemical mechanical planarization (CMP) slurry market was valued at USD 1.34 billion in 2020 and is expected to reach USD 1.89 billion by 2026 at a CAGR of 6.43% during the forecast period (2021 - 2026).

The global market for chemical mechanical planarization(CMP) slurry is expected to grow significantly over the forecast period due to the increasing technological advancements in fabrication and semiconductor processes, mainly to enhance the performance of the semiconductor. The increasing investment in semiconductor wafer fabrication materials by manufacturers for product innovation is primarily driving the studied market growth.

Companies Mentioned

  • Cabot Microelectronics Corporation

  • Hitachi Chemical Co Ltd.

  • Fujifilm Corporation

  • Fujimi Corporation

  • Dow Inc.

  • Merck KGaA (Including Versum Materials)

  • Saint-Gobain Ceramics & Plastics, Inc.

Key Market Trends

Memory Occupies the Significant Shares

  • Flash memory has been an essential driving force due to the increasing popularity of mobile devices with large storage requirements. Also, emerging technology such as NVM (Non-Volatile Memory), which offers better speed and durability than traditional NAND is expected to poise the memory growth. With such enhancements, the CMP process would play a significant role, which would drive the CMP slurry market.

  • As the NAND technology moved from 2D to 3D, additional CMP steps were added, such as channel poly CMP and staircase (or ILD) CMP. Channel poly CMP is to polish many materials simultaneously, such as SiN, oxide, and poly-Si. Therefore, it needs an individual material rate tunability to meet the final topography requirement. It is thereby increasing the demand for the CMP slurry market.

  • Flash memory storage has become an essential component in smartphones, not only for consumers whose demand for storage keeps increasing with content creation but also for OEMs from the bill of materials (BoM) cost perspective. The NAND flash demand has been growing exponentially, primarily driven by the growth of the average capacity in smartphones. With the increasing adoption of 5G enabled Smart Phones is expected to increase further demand for market studied in 2020.

Taiwan is Expected to Emerge as a Major Player in the Market

  • The expanding semiconductor manufacturing in the country is mainly driving the adoption of CMP slurry in the country. According to the SEMI, a 20% increase in the purchase of semiconductor production equipment in the third quarter of 2019 helped the country regain its status as the world's biggest semiconductor equipment market in the world. In 2019, the country's semiconductor manufacturing equipment purchases during the period rose by 34% from a year earlier. Taiwan was ranked third in semiconductor equipment purchases in 2019, behind South Korea and China.

  • Taiwan-based TSMC, the world's largest contract chipmaker with a more than 50% share in the global market, is also playing a significant role in creating demand for the CMP slurries. The growing advancement in the telecom industry, due to 5G and in the automotive industry, is also fuelling the company's product demand, hence, also developing the scope for the studied market vendors. For instance, Huawei also buys Taiwanese equipment for 5G infrastructure. The company's 5G base stations are mostly equipped with TSMC semiconductors. TSMC is also a client of Cabot Microelectronics, one of the significant vendors in the studied market.

  • However, the company is witnessing challenges from China's decision to become more self-sufficient in semiconductor production amid its trade war with the United States. Also, the US government is urging many Taiwan companies to curb chip exports to China or Huawei.

  • Similarly, Taiwan itself is also 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 its IC design customers' demands for different types of digital signal processors for 5G and 5G's high-frequency radio modem circuits. This is expected to bring advancement into the market studied too.

Key Topics Covered:





4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Force Analysis

4.3 Industry Value Chain Analysis

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

4.5 Assessment of COVID-19 Impact on the Chemical Mechanical Planarization (CMP) Slurry Market


5.1 Introduction to Market Dynamics

5.2 Market Drivers

5.2.1 Increased Use of 3D structures in ICs and Growing Importance of CMP Technology

5.3 Market Challenges

5.3.1 Dynamics Nature of the Demand from the Memory Industry


6.1 By Device Type

6.1.1 Memory

6.1.2 Logic

6.2 By Country

6.2.1 South Korea

6.2.2 Taiwan

6.2.3 United States

6.2.4 Japan

6.2.5 Europe

6.2.6 China

6.2.7 Rest of the World


7.1 Vendor Ranking Analysis

7.2 Company Profiles



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