The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth and Projections

• Strong Growth: The chemical mechanical polishing market has witnessed significant growth, expanding from $5.58 billion in 2023 to $6.04 billion in 2024, with a CAGR of 8.3%.
• Future Outlook: The market is expected to continue its robust growth trajectory, reaching $8.03 billion by 2028, with a CAGR of 7.4%.

Driving Forces of Growth

• Consumer Electronics Boom: The expansion of the consumer electronics industry is a major driver, fueled by population growth, rising incomes, and increasing demand for connectivity and mobility.
• Technological Advancements: Additive manufacturing integration, renewable energy sector expansion, and advanced materials machining are driving demand for CMP solutions.
• Global Infrastructure Development: The global infrastructure development initiatives are also contributing to the market growth, necessitating precision manufacturing processes.
• Focus on Sustainable Manufacturing: There’s a growing emphasis on sustainable manufacturing practices, which is boosting the adoption of CMP technologies.

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Consumer Electronics Industry Impact

• Rising Demand: The consumer electronics industry is witnessing a surge in demand for advanced electronic components.
• High Precision Requirement: CMP plays a crucial role in meeting the precision and accuracy demands of consumer electronics manufacturing.
• Production Statistics: In May 2023, Japan witnessed a significant increase in electronic equipment production, driving demand for CMP solutions.

Key Market Players

• Industry Leaders: Ebara Corporation, Applied Materials Inc., Cabot Microelectronics Corporation, and others dominate the market.
• Innovative Solutions: Companies are focusing on developing innovative solutions to meet the evolving demands of the market.

Production and Investment Trends

• Capacity Expansion: Market players are investing in expanding their production capacities to meet the growing demand for semiconductor devices.
• Showa Denko Materials Case: Showa Denko Materials Co. Ltd. announced a significant investment to expand its CMP slurry production capacity, anticipating a 20% increase.
• Focus on Semiconductor Needs: Investments are directed towards addressing the escalating requirements for enhanced functionality in advanced semiconductor devices.

Strategic Acquisitions

• Entegris Inc. and CMC Materials Inc.: In July 2022, Entegris Inc. acquired CMC Materials Inc., expanding its portfolio and operational capabilities.
• Enhanced Solutions: This acquisition allows Entegris to offer enhanced materials and process solutions, catering to various applications within the semiconductor ecosystem.

Market Segmentation

• Types: CMP Equipment, CMP Consumable, Slurry, PAD, PAD Conditioner, Other Consumable Types.
• Equipment: Polishing and Grinding, Slurry Testing.
• Technology: Leading Edge, More than Moore’s, Emerging.
• Applications: Compound Semiconductors, Integrated Circuits, MEMS and NEMS, among others.

Regional Insights

• Asia-Pacific Dominance: Asia-Pacific emerged as the largest region in the chemical mechanical polishing market in 2023, driven by its robust manufacturing sector.

In conclusion, the chemical mechanical polishing market is experiencing remarkable growth, fueled by the expansion of industries such as consumer electronics, semiconductor manufacturing, and renewable energy. With technological advancements and strategic initiatives by key market players, the market is poised for further expansion in the coming years, catering to the evolving needs of diverse industries across the globe.

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The Chemical Mechanical Polishing Global Market Report 2024  provides an overview of the chemical mechanical polishing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chemical mechanical polishing market forecast analyzes chemical mechanical polishing market size, chemical mechanical polishing market share, leading competitor and their market positions.

The Table Of Content For The Chemical Mechanical Polishing Market Include:
1. Chemical Mechanical Polishing Market Executive Summary
2. Chemical Mechanical Polishing Market Segments
3. Chemical Mechanical Polishing Market Size And Chemical Mechanical Polishing Market Growth Rate
4. Key Chemical Mechanical Polishing Market Trends
5. Major Chemical Mechanical Polishing Market Drivers
……
25. Key Mergers And Acquisitions In The Chemical Mechanical Polishing Market
26. Top Chemical Mechanical Polishing Companies
27. Chemical Mechanical Polishing Market Opportunities And Strategies
28. Chemical Mechanical Polishing Market, Conclusions And Recommendations
29. Appendix

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