Chemical Mechanical Planarization (CMP) Slurry Market Size (2024 - 2029)

Chemical Mechanical Planarization (CMP) Slurry Market Analysis

The Chemical Mechanical Planarization Slurry Market size is estimated at USD 6.09 billion in 2024, and is expected to reach USD 8.63 billion by 2029, growing at a CAGR of 7.23% during the forecast period (2024-2029).

• The CMP market is expected to grow steadily during the forecast period due to technological advancements in fabrication and semiconductor processes to enhance the performance of semiconductor products. Manufacturers' increasing investment in semiconductor wafer fabrication materials for product innovation drives the market's growth.
• Chemical mechanical polishing or planarization (CMP) flattens rough surfaces and offers numerous benefits in semiconductor manufacturing. It enables manufacturers to achieve uniform flatness across the entire wafer in a single operation. CMP is versatile and capable of planarizing various materials, from metals to oxide films, often handling multiple materials simultaneously.
• CMP solutions play a vital role in achieving higher yields by ensuring uniform planarization and reducing defects on the wafer surface. Developing cost-effective CMP slurries also helps manufacturers optimize their production processes, significantly saving costs. CMP is utilized in optics, photonics, data storage, and medical devices. This expansion of CMP applications creates new market opportunities for CMP solutions manufacturers, further driving the market's growth.
• The stringent requirements of precise process control and defect reduction in various CMP processes affected device performance, yield, and challenges in high-volume manufacturing. Additionally, the complexity of polished materials drives the innovation of CMP consumables. The quality control of new consumables grows, impacting the process window and production line and lowering the manufacturing of CMP equipment and consumables worldwide.
• Post-pandemic, the demand for IC has surged due to increased automotive, consumer electronics, and healthcare sales. For instance, according to WSTS, the global IC market reached around USD 487 billion in revenue in 2024.

Chemical Mechanical Planarization (CMP) Slurry Industry Segmentation

The market is defined by the revenue accrued from the sales of chemical mechanical polishing solutions worldwide. The study focuses on various chemical and mechanical polishing equipment and consumables. It also analyzes different trends and dynamics related to protective chemical and mechanical polishing solutions across multiple application areas and geographical regions.

The chemical mechanical planarization market is segmented by type (CMP equipment, CMP consumable [slurry, pad, pad conditioner, other consumable types]), by application (compound semiconductors, integrated circuits, MEMS and NEMS, and other applications), by geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.