Global Polishing Slurry Market Share Likely to Surpass At a CAGR of 6.2% By 2030
According to Custom Market Insights (CMI), The Global Polishing Slurry Market Size was valued at USD 1665.2 million in 2021 and is estimated to reach USD 2362.2 million by the end of 2030 at a CAGR of approximately 6.2% during the forecast period 2022-2030.
The polishing slurry is a mixture of chemicals used to fabricate or smooth electrical components like chips and semiconductors. The slurry is a term used to describe the chemical compositions used to make the polishing slurry. The polishing slurry is created by mixing pure water, various chemicals, and sometimes metals. The blended mixture is used for the creation of a smooth polish surface that prevents the equipment from corrosion. The semiconductor device that contains silicon, silicon oxide, and other metal needs surface polishing, due to which the slurry polish is highly required
Browse the full “Polishing Slurry Market Size, Trends and Insights By Type (Alumina Slurry, Colloidal Silica Slurry, Ceria slurry), By Application (Silicon Wafers, Optical Substrate, Disk Drive Components, Micro electric Surfaces, Other), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030” report at ReportURL
Polishing Slurry Market Dynamics
The increase in demand for mobile and electrical devices drives the market growth for the polishing slurry.
The huge demand for mobile devices associated with large storage and the development of flash memory serves as the crucial platform for the polishing slurry market growth.
The increased demand for aluminum oxide across different regions propels the polishing slurry market growth.
Aluminum oxide is a major constituent of the slurry with high demand across various regions. Aluminum oxide is hard ceramic with extensive properties, which is easily available and has an excellent capacity.
The huge demand for miniature consumer electronics drives the market growth.
There has been a rise in the production of electronic goods and semiconductors due to the increase in the consumer base, which has propelled the market growth for the polishing slurry.
The advancement in the semiconductor industry is expected to boost the market growth in the forecast period.
There has been a rapid evolution in the semiconductor industries, and the rise in demand across various regions is projected to drive market growth over the coming years.
The increase in the trend for smart computational techniques tends to drive market growth for polishing slurry.
The development of smart computational techniques, including artificial intelligence and the internet of things, has increased demand for electronic chips, due to which the slurry market has been positively impacted.
The increased regulatory framework associated with the environmental concern will likely restrain the polishing slurry market growth. The chemicals used in the slurry process are detrimental to the plants and the surrounding environment. Along with that, the rapid usage of semiconductors has led to increased electrical energy consumption, which is also responsible for GHG emissions.
Various companies in the chemical-based slurry market tend to focus on the rapid growth of end-use applications to grow the business on a global scale. This creates an enormous opportunity for the growth of the polishing slurry market. The increase in the adoption of CMP slurries by the semiconductor industry will likely propel market growth. There has been a huge demand for smart devices, including small chips.
The stiff competition between the industries, the rise of local semiconductor industries, and the increase in demand can be challenging for the global key players, which can affect the global polishing slurry market in the upcoming years.
Based on type, the alumina slurry segment dominated the slurry market in 2021. Aluminum oxide is a material with excellent uniform controllability and superior planarity, due to which it is widely used as slurry. The alumina segment holds the major market share with 34.52%. Along with that, aluminum oxide is a naturally occurring mineral widely used for various purposes.
Based on the application, the silicon wafers segment has held the largest market share, with 50.23% in 2021. The market domination of the silicon wafers segment can be attributed to their high production rate and wide rapid adoption by the chip manufacturing and semiconductor industries. Such factors drive the market growth for the silicon wafers segment. Additionally, silicon wafers are also in demand for electrochemical systems and devices. One of the main features of silicon wafers is that they can reduce high heat.
Based on the region, the North American regional segment dominated the polishing slurry market in 2021. The rapid growth of the semiconductor industry across such regions contributes to the growth of the slurry market. The huge demand for smart gadgets from the generations has led to the semiconductor industry’s growth due to the market value for the polishing slurry across the North American region.
|Feature of the Report||Details|
|Market Size in 2021||USD 1665.2 Million|
|Projected Market Size in 2030||USD 2362.2 Million|
|CAGR Growth Rate||6.2% CAGR|
|Prominent Players||Cabot Microelectronics, DuPont, Fujimi Incorporated, Air Products/Versum Materials, Fujifilm, Hitachi Chemical, Saint-Gobain, Asahi Glass, Ace Nanochem, UWiZ Technology, WEC Group, Anji Microelectronics, and Others|
|Key Segment||By Type, Application, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
- Cabot Microelectronics
- Fujimi Incorporated
- Air Products/Versum Materials
- Hitachi Chemical
- Asahi Glass
- Ace Nanochem
- UWiZ Technology
- WEC Group
- Anji Microelectronics
- In 2020, Soulbrain Co., Ltd. introduced an advanced poly buffering slurry, which is better than usual. The organization has performed efficient research and development activities to aim for the production of electronic-based chemical materials or slurries to fulfill the demand of their customers.
- In 2019, Fujimi Corporation established the HVM site for silicon carbide wafer-based polishing slurries at their manufacturing site. The manufacturing site is situated at Tulatian, Oregon, US. The company has focused on developing alumina-based slurries created using non-acidic chemicals at the neutral ph.
Market segments covered in the report
- Alumina Slurry
- Colloidal Silica Slurry
- Ceria slurry
- Silicon Wafers
- Optical Substrate
- Disk Drive Components
- Micro electric Surfaces
On the basis of Geography
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America