Chemical Mechanical Planarization Market - Forecast(2024 - 2030)

Chemical Mechanical Planarization Market Overview

The global Chemical Mechanical Planarization Market is forecast to reach $7842 Million by 2026, growing at a CAGR 7.3% from 2021 to 2026. Chemical Mechanical Planarization can be referred as process of smoothing as well as polishing surfaces by a combination of chemical and mechanical (or abrasive) actions, serving pneumatic cylinder applications, acting as an alternative of photolithography processes. Globally, growing demand for Integrated circuits for electronic devices, advancements in shallow trench isolation applications as well as continuous investments in fumed silica or silicon nitride based chemical polishing can also drive the market growth forward. In addition, increasing demand for CMP for water planarization as well as the use of Micro electro Mechanical System (MEMS) is set to poise the market growth forward during the forecast period.

Report Coverage

The report based on: “Chemical Mechanical Planarization Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Chemical Mechanical Planarization Market.

By Product Type: Equipment (Slurry Testing, Polishing & Grinding), Consumables (Slurry, PAD conditioners, Others)

By Technology: Leading Edge, More than Moore’s, Others

By Application: Integrated Circuit Manufacturing, Compound Semiconductors, MEMS & NEMS, Optics, Others

By End Users: Automotive, Electronics & Semiconductors, Industrial, Others

By Geography: North America (U.S, Canada, Mexico); Europe (U.K., Germany, Italy, France, Spain, Others); APAC (China, Japan, South Korea, India, Others); South America (Brazil, Argentina, Others); RoW (Middle East & Africa)

Key Takeaways

• Consumable segment is analyzed to grow with the highest CAGR in the global chemical mechanical planarization market during 2021-2026, owing to its major role in semiconductor manufacturing processes.
• APAC region had contributed with the largest share in the Chemical Mechanical Planarization Market owing to the rise in investments towards semiconductor or chip fabrication units.

Global Chemical Mechanical Planarization Market Share, By Region, 2020(%)

Consumable segment is analyzed to witness the highest growth in the global chemical mechanical planarization market, with a CAGR of around 9.5% during the forecast period 2021-2026. With the high amount of production for advanced semiconductor devices, the need for manufacturers towards deploying material polishing technologies capable of making complex designs in smaller footprints becomes essential. This, in turn, raises the adaptability of consumables to have extreme control over slurry or pad qualities. Additionally, usage of costly materials like PEEK (polyetheretherketone) and PPS (polyphenylene sulfide) in order to resist chipping, ensure longer wear life, and others in several formulations have also emerged as a vital factor attributing to the growth of the chemical mechanical planarization (CMP) consumables over time. In December 2020, the Chemical Mechanical Planarization Consumables Task Force under the Liquid Chemicals Global Technical Committee within the SEMI Standards Program had revealed about the development of a new SEMI standard, SEMI C100 in order to ensure the hardness of polishing pads to be used for semiconductor manufacturing.

Chemical Mechanical Planarization Market Segment Analysis- By  Application

Integrated Circuit Manufacturing is anticipated to account as the fastest-growing segment in the global chemical mechanical planarization market, with a CAGR of 11.3% during the forecast period 2021-2026. Integrated Circuits (ICs) serve as an integral part of the development of modern consumer electronic products be it smartphones, laptops, and so on. The rising penetration of smartphones overtime coupled with growing investment in developing semiconductor fabrication units can be considered as some of the major factors driving the need for chemical mechanical planarization (CMP) techniques across IC manufacturing processes. CMP had gained wide popularity for serving IC manufacturing applications owing to increasing usage of silicon materials, as a part of a shift towards serving requirements related to miniaturized electronics. In April 2021, one of the leading semiconductor manufacturers, Taiwan Semiconductor Manufacturing Co. (TSMC) had revealed about its plans of investing about $100 billion, as a part of expanding its chip fabrication capacity by the next three years. Such factors are further set to create a positive impact on the growth of CMP for IC fabrication applications in the coming time.

Chemical Mechanical Planarization Market Segment Analysis- Geography

APAC region had dominated the global Chemical Mechanical Planarization Market in 2020 with a share of around 34% and is analyzed to have a significant growth during 2021-2026. Factors such as the rising development of consumer electronics sector, expansion of semiconductor fabrication units and others have attributed towards the market growth of chemical mechanical planarization in the region. Presence of leading market vendors including Ebara Corporation, Fujimi Incorporated and many others is further analyzed to drive the market growth in the region. In December 2020, Indian Government had revealed about issuing an Expression of Interest (EoI) for setting up semiconductor fab facilities within the country, as a part of supporting local or domestic manufacturing. Such factors will further help in creating a positive impact on the growth of CMP in the Asian markets in the long run.

Chemical Mechanical Planarization Market Drivers

• Increasing demand from semiconductor industries

Increasing demand from semiconductor industries act as one of the major factors driving the growth of chemical mechanical planarization market. Since CMP had emerged as a widely adopted technology for serving varied industrial applications be it IC manufacturing, Micro-electrical mechanical systems, compound semiconductors, hard drive manufacturing and so on, helping in accelerating its market growth overtime. Additionally, rise in investments on establishing new or expanding semiconductor fabrication facilities across various countries for meeting growing customer market demands have further aided the need towards leveraging CMP tools. According to World Semiconductor Trade Statistics, semiconductor industry growth have faced increase despite disruptions caused through the COVID-19 pandemic. The Chip sales have grown by 6.5% i.e. $439 billion in 2020, with predictions to rise further to $469 billion by the year 2021, thereby analyzed to influence the demand for CMP tools in the long run.

• Growing penetration of smart devices

Growing penetration of smart devices act as a major driver boosting the growth of chemical mechanical planarization market. Since demand for compact and lightweight design devices have been growing at a rapid pace, chip designers tend to use advanced chip processing processes which can help in reducing production time but optimum flexibility. Increasing penetration of smart devices be it wearables, trackers and so on include a broad range of components which need to be have abrasive free polishing, thereby affecting the market growth towards CMP tools. Investments on manufacturing sleek design smart phones, smart fitness trackers and so on from leading market vendors such as Vivo, Samsung and many others will further aid the market growth towards CMP in the long run.

Chemical Mechanical Planarization Market Challenges

• Defect problems of using Chemical Mechanical Planarization

Though Chemical Mechanical Planarization process have been adopted widely across semiconductor manufacturing sectors, the defects associated with it can be considered as a potential drawback impeding its market growth. Additionally, meeting device requirements for new structures or materials within 7 nm devices, also causes lesser adoptability in the end use markets. Various types of issues including scratching, erosion, corrosion, film delamination and others arises during CMP processes, which can further restrain its market growth.

Chemical Mechanical Planarization Market Landscape

Partnership, Acquisitions and R&D activities are key strategies adopted by players in the Chemical Mechanical Planarization Market. The top 10 companies in the Chemical Mechanical Planarization Market are

1. Applied Materials Inc.
2. Ebara Corporation
3. Nalco Chemical Co,
4. Okamoto Machine Tool Works Ltd
5. Fujimi Incorporated
6. DuPont Electricals,
7. Cabot Microelectronics Corporation
8. Hitachi Chemical Company Ltd
9. Strasbaugh Inc
10. LAM Research Corporation.

Acquisitions/Technology Launches

• In October 2020, Applied Materials Inc. and BE Semiconductor industries announced an agreement to accelerate chip integration technology that enables heterogeneous chip and subsystem design for application including high-performance computing, AI and 5G.
• In January 2020, Entergris Inc., a key leader in chemical and advanced material solution, acquired Sinmat, a CMP slurry manufacturer. CMP slurries used for polishing ultra-hard surfaces such as Silicon Carbide and Gallium Nitride.

Relevant Report Titles

Electronic and Chemicals Material Market- Forecast Period 2021-2026

Report Code: CMR 0057

Chemical Surface Treatment Market- Forecast Period 2021-2026

Report Code: CMR 65623

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