• ASSO
• 2022-06-27
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Expert Opinion:Global CMP Slurry Market

Expert opinion of ASSO Consulting Company: The strong demand for CMP slurry driven by the shortage of semiconductor demand is expected to reach US$2.66 billion by 2028, with a compound growth rate of 6.16%.
Chemical mechanical polishing/planarization (CMP) slurries are abrasive materials, also called non-crystalline inorganic oxides, which are dispersed in water blended with other chemicals and used in CMP processes for semiconductors. CMP process is employed in semiconductor manufacturing, where surfaces of wafers are smoothed and leveled with the help of abrasive slurries. This process is critical for precise lithography patterning, and is utilized after every deposition-etch step. CMP slurries are liquid solutions generally composed of high-purity deionized water and a proprietary mix of chemical additives and engineered abrasives that chemically and mechanically interact at an atomic level with the surface material of the IC device. Analyst Lucas from ASSO Consulting Company estimated the global CMP slurry market size in 2021 at US$1.75 billion, and is expected to reach US$2.66 billion by 2028, with a compound growth rate of 6.16%. The rapid growth of this industry driven by demand from the semiconductor market has made existing players continue to expand their production capacity.
The following pie chart is the global consumption share of CMP Slurry released by ASSO International Consulting in 2021:

Source: ASSO Consulting Company
 
Expert opinion 1: Affected by COVID-19, the global semiconductor industry chain has been significantly affected, and the demand in the semiconductor industry is in short supply. Driven by the hot demand, the global CMP slurry is also showing a rapid growth trend. However, limited by the capacity expansion of semiconductors, the demand for CMP slurries has not fully matched the revenue growth rate of semiconductor companies.
 
Expert opinion 2: The continuous growth of CMP slurry is expected to be maintained at least until 2025, but due to the possibility of adjustment in the global semiconductor industry chain, the United States will play an increasingly important role. As far as the current consumer market is concerned, South Korea and Taiwan together account for 40% of the market share. Obviously, the trend of semiconductor foundry is unlikely to be completely concentrated in South Korea and Taiwan, and European and American manufacturers are considering more establishment of necessary advanced process production lines locally.
Click to view the full report TOC, figure and tables：
The Global CMP Slurry Market Research Report 2022 report released by ASSO Consulting Company provides a basic overview of the CMP Slurry industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures. The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the CMP Slurry industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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