Chemical Mechanical Polishing Global Market Report 2024

The chemical mechanical polishing market has grown strongly in recent years. It will grow from $5.58 billion in 2023 to $6.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed in the historical period of Chemical Mechanical Polishing (CMP) can be attributed to the growth of the automotive industry, the expansion of the aerospace sector, increasing demand for customization, efficiency and productivity gains, the globalization of manufacturing, and the rise in mass production.

The chemical mechanical polishing market is expected to see strong growth in the next few years. It will grow to $8.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period for Chemical Mechanical Polishing (CMP) can be attributed to the integration of additive manufacturing, the expansion of the renewable energy sector, advancements in machining advanced materials, global infrastructure development, and a focus on sustainable manufacturing. Major trends expected in the forecast period include the integration of industry 4.0, the utilization of multi-tasking and multi-function machines, precision and high-speed machining, the adoption of digital twin technology, the implementation of open architecture control systems, and customization tailored to specific industries.

The anticipated growth in the Chemical Mechanical Polishing (CMP) market is expected to be driven by the expansion of the consumer electronics industry. Consumer electronics, comprising devices such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices, are experiencing growth due to factors such as population expansion, increased incomes, urbanization, and growing demand for connectivity and mobility. CMP is integral to meeting the rising demand for consumer electronics, facilitating the production of advanced electronic components with high precision and accuracy. In May 2023, the Japan Electronics and Information Technology Industries Association reported that total electronic equipment production in Japan reached $52,36,535 million (¥771,457 million), with consumer electronics production increasing from $1,714,724 million (¥25,268 million) in May 2022 to $2,178,430 million (¥32,099 million) in May 2023.

The growth of the Chemical Mechanical Polishing (CMP) market is further expected to be fueled by the expanding semiconductor industry. The semiconductor sector, involved in producing electronic components from semiconducting materials, is crucial for manufacturing electronic devices. CMP is employed in the semiconductor industry for the precise planarization of wafer surfaces, ensuring optimal microchip performance and yield. According to the Semiconductor Industry Association (SIA), global semiconductor industry sales amounted to $46.6 billion in October 2023, marking a 3.9% increase compared to the September 2023 total of $44.9 billion. The rising semiconductor industry is thus a driving force behind the growth of the Chemical Mechanical Polishing market.

The chemical mechanical polishing market is witnessing key trends, with the expansion of production and investment taking center stage. Major players in the market are strategically focusing on increasing their production capacities to reinforce their market positions. In September 2022, Showa Denko Materials Co. Ltd., a Japanese chemical company, announced a substantial investment of 20 billion yen across its plants in Japan and Taiwan. This investment aims to expand the production capacity of chemical mechanical polishing (CMP) slurry, addressing the growing demand in the semiconductor industry and supporting material development for cutting-edge devices. Showa Denko Materials aims to enhance its CMP slurry production by around 20% with this initiative.

Prominent companies in the chemical mechanical polishing market are directing their efforts toward the development of advanced slurry facilities to enhance the efficiency and precision of semiconductor manufacturing. Merck Group, a German chemical mechanical polishing (CMP) company, expanded its production of CMP slurry in Korea in March 2022. CMP slurry plays a crucial role in polishing and leveling semiconductor wafer surfaces, contributing to improved semiconductor fabrication.

In July 2022, Entegris Inc., a US-based provider of products and systems for critical material handling, acquired CMC Materials Inc. This strategic acquisition strengthens Entegris' portfolio and operational capabilities, offering an unparalleled range of solutions within the fab environment and across the semiconductor ecosystem. The expanded offerings increase Entegris' content per wafer opportunity, elevating unit-driven revenue from 70% to approximately 80%. The enhanced materials and process solutions are designed to improve productivity, enhance performance, and reduce the total cost of ownership. CMC Materials Inc., based in the US, is a provider of slurries used in polishing processes such as chemical mechanical planarization.

Major companies operating in the chemical mechanical polishing market report are Ebara Corporation, Applied Materials Inc., Cabot Microelectronics Corporation, Lapmaster Wolters GmbH, Fujimi Incorporated, CMC Materials Inc., Hitachi Chemical Company Ltd., Badische Anilin- und Sodafabrik SE, Samsung Electronics Co. Ltd., Revasum Inc., Versum Materials Inc., Evonik Industries AG, Asahi Glass Corporation, DuPont de Nemours Inc., Ferro Corporation, 3A Composites India Private Limited, HKC Vietnam Company Limited, Logitech International SA, Tianjin Huahaiqingke, Tokyo Seimitsu Co. Ltd., K.C. Tech Co. Ltd., IV Technologies Inc., Merck Group, Solvay S.A., Air Products and Chemicals Inc., Entegris Inc., Okamoto Corporation, Compagnie de Saint-Gobain S.A., Dow Inc., LAM Research Corporation.

Asia-Pacific was the largest region in the chemical mechanical polishing market in 2023. The regions covered in the chemical mechanical polishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chemical mechanical polishing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories within chemical mechanical polishing encompass CMP equipment, CMP consumables, slurry, pad, pad conditioners, and others. CMP equipment represents the machinery instrumental in executing the polishing process, utilizing a rotating platen, polishing pad, and slurry. These machines include polishing and grinding equipment, along with slurry testing technologies. The adapted technologies span leading edge, More than Moore's, and emerging trends. Chemical Mechanical Polishing finds application across various semiconductor domains, including compound semiconductors, integrated circuits, MEMS (microelectromechanical systems), NEMS (nanoelectromechanical systems), and other related areas.

The chemical mechanical polishing market research report provides chemical mechanical polishing market statistics, including chemical mechanical polishing industry global market size, regional shares, competitors with a chemical mechanical polishing market share, detailed chemical mechanical polishing market segments, market trends and opportunities, and any further data you may need to thrive in the chemical mechanical polishing industry. This chemical mechanical polishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chemical mechanical polishing (CMP) market consists of sales of polishing equipment, slurries, pads, and other related products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.