Chemical mechanical planarization (CMP) is one of the crucial steps used multiple times during the manufacture of semiconductors. This process is used at every layer of wafer for removing excess material and for creating a smooth surface with the help of a liquid known as CMP slurry. The CMP slurry is a liquid diffusion that contains microabrasive grains and active chemicals which are used in the process of chemical mechanical planarization. Moreover, CMP slurries are used in combination with CMP polishing naps and pads that are rotated and held against the wafer surface in the process of CMP.
Based on application, the silicon wafers segment is expected to dominate the market during the forecast period owing to the rising consumption of silicon wafers. For instance, a report published by SEMI, a global microelectronics industry association suggests that in the year 2017, nearly 3 billion square inches of silicon wafer were developed, polished, shipped and sliced. Moreover, the report suggests that in 2017, around 2,798 million square inches of silicon wafers were shipped to various supplies of electronic products. The aforementioned are the key factors driving the growth of overall CMP slurry market.
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The growth in the semiconductor industry is driven by expanding applications of semiconductors in segments such as data processing, consumer’s electronics and others, which is driving demand for new technologies such as 3D packaging, 3D NANDs etc. This is expected to drive the CMP slurry market growth as CMP is crucial for delivering the above technologies. Moreover, the rising trend of new technology and demand for new and improved consumer electronics is favoring the overall growth of the market.
Moreover, product launches along with mergers and acquisition by key players in the CMP slurry market are contributing to the growth of the market. For instance, in August 2018, Cabot Micro, a producer of silica-based chemical-mechanical planarization slurries, announced plans to acquire KMG Chemicals,a leading supplier of high-purity cleaning chemicals used between chip-making steps. Through the acquisition, Cabot Micro aims to increase its sales in the U.S. markets.
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Key players operating in the global CMP slurry market are Versum Materials, Saint-Gobain, Eminess, Fujimi, Dow Chemicals, Cabot Microelectronic, FujiFilm, BASF, 3M, Evonik, and Hitachi Chemical among others.
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