Chemical Mechanical Planarization (CMP) Slurry Market expected to grow significantly by 2030
From GlobeNewswire: 2024-07-23 08:35:00
Exactitude Consultancy, part of Ameliorate Digital Consultancy, released a detailed report on the Chemical Mechanical Planarization (CMP) Slurry Market. Expected to grow from USD 2.50 Billion in 2023 to USD 4.28 Billion by 2030, the market plays a crucial role in semiconductor production by enhancing device performance and yield.
The CMP slurry market is vital for improving the precision and productivity of semiconductor production. The demand for CMP slurries is being driven by the need for more precise planarization in smaller and more intricate semiconductor designs to enhance device functionality and performance.
CMP plays an important role in semiconductor production by ensuring a uniform, flat surface for lithography and etching processes. This technique helps to improve device quality and yield by reducing faults, enhancing integrated circuit performance, and improving manufacturing yield.
While CMP slurries offer many benefits, there are concerns about environmental impact. Proper waste management practices are necessary to prevent heavy metal discharge into the environment. Enterprises must adhere to environmental norms and standards and implement effective recycling methods to reduce the environmental footprint of CMP slurries.
Quartz and engineered stone surfaces offer durability, design flexibility, and environmental benefits. CMP slurries play a key role in producing these surfaces, which are resistant to scratches and low maintenance. Some manufacturers use recycled materials in quartz manufacturing to create eco-friendly solutions.
Key players in the CMP slurry market include Cabot Microelectronics Corporation, Dow Electronic Materials, Fujimi Incorporated, and more. Recent developments include Ecolab’s Watermark Study, Dow’s introduction of two new caustic soda products, and Microsoft Taiwan’s partnership for digital transformation in Taiwan.
Market trends include the development of slurries for novel materials and advanced device architectures, the growing need for CMP slurries due to semiconductor complexity, and a shift towards environmentally friendly CMP formulations. Globally, the demand for semiconductors is increasing, particularly in Asia-Pacific regions.
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