Chemical Mechanical Planarization Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Arla Foods amba, Lactalis American Group Inc., Fonterra Co-operative Group Limited, Saputo Inc., The Kraft Heinz Company, Dodoni S.A.

Overview and Scope
Chemical mechanical planarization is a method for flattening silicon oxide, metal, and polysilicon surfaces. It uses a combination of chemical and mechanical forces to polish surfaces by combining free abrasive polishing and chemical etching.

Sizing and Forecast
The chemical mechanical planarization market size has grown strongly in recent years. It will grow from $4.37 billion in 2023 to $4.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rise in semiconductor manufacturing, miniaturization of electronic devices, advancements in materials science, demand for smaller and faster chips, increasing demand for high-performance computing..

The chemical mechanical planarization market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to increasing complexity of memory devices, focus on automotive electronics, demand for higher data storage capacity, increasing investments in foundry services, rise in quantum computing development.. Major trends in the forecast period include 3d ics and advanced packaging, integration with metrology and inspection tools, collaboration in research and development, advancements in nanotechnology, finfet technology. .

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Segmentation & Regional Insights
The chemical mechanical planarization market covered in this report is segmented –

1) By Type: CMP Consumable, CMP Equipment
2) By Technology: Leading Edge, More Than Moore’s, Emerging
3) By Application: Integrated Circuits, Mems & Nems, Compound Semiconductors, Optics

Asia-Pacific was the largest region in the chemical mechanical planarization market in 2023. The regions covered in the chemical mechanical planarization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing popularity of smartphones is expected to boost the growth of the chemical mechanical planarization market going forward. Smartphones refer to the organic light-emitting diode (OLED), which is fabricated from bendy materials such as plastic as opposed to conventional glass. Chemical mechanical planarization is used to remove materials for topography planarization and device structure formation in smartphone manufacturing. For instance, according to the Pew Research Center, a nonpartisan American think tank, the percentage of Americans who own a smartphone climbed to 85% in February 2021, which was just 35% a decade ago. Further, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, around 68.3 million people are expected to be living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, the increase in the popularity of smartphones is driving the growth of the chemical mechanical planarization market.

Key Industry Players
Major companies operating in the chemical mechanical planarization market are focused on developing innovative products, such as SiC CMP systems, to gain a competitive edge in the market. A SiC CMP system is a chemical mechanical planarization (CMP) tool that is specifically designed for polishing silicon carbide (SiC) wafers. For instance, in September 2021, Applied Materials Inc., a US-based equipment, services, and software provider for semiconductor manufacturing, launched the Mirra Durum CMP System. The Mirra Durum is equipped with dedicated hardware optimized for the more aggressive slurries and chemistries required to polish SiC wafers. This ensures the system can achieve the high removal rates and low defect levels required for SiC device manufacturing. The Mirra Durum can polish 200mm SiC wafers with the high quality and uniformity required for SiC device manufacturing.

The chemical mechanical planarization market report table of contents includes:

1. Executive Summary

2. Chemical Mechanical Planarization Market Characteristics

3. Chemical Mechanical Planarization Market Trends And Strategies

4. Chemical Mechanical Planarization Market – Macro Economic Scenario

5. Global Chemical Mechanical Planarization Market Size and Growth

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32. Global Chemical Mechanical Planarization Market Competitive Benchmarking

33. Global Chemical Mechanical Planarization Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Chemical Mechanical Planarization Market

35. Chemical Mechanical Planarization Market Future Outlook and Potential Analysis

36. Appendix