Chemical Mechanical Planarization Market, By Equipment, By Application, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Chemical Mechanical Planarization Market size was valued at USD 6,020.32 Million in 2023, expanding at a CAGR of 7.54% from 2024 to 2032.
Chemical Mechanical Planarization (CMP) is a process used primarily in semiconductor manufacturing to create flat surfaces on wafers during the production of integrated circuits (ICs). It combines both chemical and mechanical forces to smooth and flatten layers on the wafer, ensuring uniform thickness across the surface. This is critical for building multi-layered semiconductor devices with high precision.
Chemical Mechanical Planarization Market- Market Dynamics
Increasing demand from semiconductor, foundry & fabless companies and HPC computing is expected to propel market demand
Increasing demand for semiconductors in consumer electronics, automotive, telecommunications, and data centers is a major driver for market growth. As semiconductor devices become more complex such as 3D integrated circuits, advanced nodes like 5nm and below, CMP is critical for achieving the necessary precision and uniformity in wafer fabrication. As demand for high-performance computing, AI, and machine learning grows, the semiconductor industry requires efficient planarization processes to achieve high-density and fast-transistor circuits. CMP is crucial for ensuring the uniformity of interconnect layers, thus boosting market growth.
Growth in foundries and fabless companies such as TSMC, GlobalFoundries, Samsung, and UMC that focus on cutting-edge chip manufacturing has spurred investments in advanced CMP tools and slurries to ensure high yield and quality in mass production. Besides semiconductors, CMP is also gaining traction in industries like optoelectronics, MEMS (Micro-Electro-Mechanical Systems), and photovoltaic cells, as these technologies require high-precision planar surfaces for optimal performance. Advances in CMP tools and metrology systems, including real-time process control, endpoint detection, and advanced slurry dispensing systems, are enhancing the precision and reliability of CMP processes, which in turn fuels market growth.
Chemical Mechanical Planarization Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.54% over the forecast period (2024-2032)
Based on Equipment segmentation, the CMP consumables segment was predicted to show maximum market share in the year 2023, as the demand for high-quality consumables that improve efficiency and reduces defects.
Based on Application segmentation, the integrated circuits segment was the leading Application segment in 2023, due to the high demand for electronic devices & telecom sector.
Based on End-user segmentation, the semiconductor foundries segment was the leading End User segment in 2023, mainly due to high demand for semiconductor manufacturing.
On the basis of region, Asia Pacific was the leading revenue generator in 2023, due to the leading semiconductor production from South Korea, China, Japan, etc.
Chemical Mechanical Planarization Market- Segmentation Analysis:
Global Chemical Mechanical Planarization Market is segmented on the basis of Equipment, Application, End User, and Region.
The market is divided into two categories based on Equipment: CMP equipment and CMP consumables. The CMP consumables segment dominates the market. CMP consumables are growing in demand with rising application in telecommunications, LED lighting, and power electronics, which is supplementing market demand.
The market is divided into four categories based on Application: integrated circuits, compound semiconductors, MEMS, and others. The integrated circuits segment dominates the market. High performance integrated circuits ensure performance & reliability which is required in automotive & consumer electronics sector.
The market is divided into three categories based on End User: semiconductor foundries, fabless companies, and others. The semiconductor foundries segment dominates the market and is expected to maintain its high dominance during the forecast period. With rapid tech innovation & adoption of advanced high performance CMP technique & semiconductor foundries is contributing to segment growth.
Chemical Mechanical Planarization Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia-Pacific is the largest and fastest-growing market for CMP due to the concentration of semiconductor manufacturers in countries like China, Taiwan, South Korea, and Japan. Major semiconductor foundries and integrated device manufacturers (IDMs) such as Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics, and SK Hynix are located in the region, which drives the demand for CMP tools and materials. China's government initiatives like "Made in China 2025" and heavy investments in semiconductor production to reduce reliance on imports have boosted the CMP market.
Chemical Mechanical Planarization Market- Competitive Landscape:
The Chemical Mechanical Planarization (CMP) market is highly competitive, driven by a mix of global players that specialize in CMP equipment, consumables (such as slurries and pads), and services. Companies in the CMP market are heavily investing in R&D to develop advanced equipment and consumables that cater to next-generation semiconductor nodes (e.g., 5nm, 3nm, and beyond). This includes creating new formulations for slurries and polishing pads that are compatible with advanced materials like copper, tungsten, and low-k dielectrics.
In June 2022, CMC Materials was acquired by Entegris, a leading supplier of specialty chemicals and advanced materials. This acquisition has further consolidated CMC's leadership in CMP consumables.
In 2023, Fujifilm Electronic Materials, a US company completed an USD 88 million expansion of its Mesa, Arizona facility to expand their network.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CHEMICAL MECHANICAL PLANARIZATION MARKET KEY PLAYERS
Applied Materials, Inc.
Entegris, Inc.
DuPont de Nemours, Inc.
Lam Research Corporation
Ebara Corporation
Hitachi High-Technologies Corporation
Fujimi Corporation
Samsung Electronics Co., Ltd.
SK Hynix Inc.
Taiwan Semiconductor Manufacturing Company (TSMC)
Intel Corporation
Tokyo Electron Limited (TEL)
Kinik Company
Asahi Kasei Corporation
JSR Corporation
Others
GLOBAL CHEMICAL MECHANICAL PLANARIZATION MARKET, BY EQUIPMENT- MARKET ANALYSIS, 2019-2032
CMP Equipment
CMP Consumables
GLOBAL CHEMICAL MECHANICAL PLANARIZATION MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032
Integrated circuits
Compound semiconductors
MEMS
Others
GLOBAL CHEMICAL MECHANICAL PLANARIZATION MARKET, BY END USER- MARKET ANALYSIS, 2019-2032
Semiconductor foundries
Fabless companies
Others
GLOBAL CHEMICAL MECHANICAL PLANARIZATION MARKET, BY REGION- MARKET ANALYSIS, 2019-2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Chemical Mechanical Planarization Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Chemical Mechanical Planarization Market Snippet by Equipment
2.1.2. Chemical Mechanical Planarization Market Snippet by Application
2.1.3. Chemical Mechanical Planarization Market Snippet by End User
2.1.4. Chemical Mechanical Planarization Market Snippet by Country
2.1.5. Chemical Mechanical Planarization Market Snippet by Region
2.2. Competitive Insights
3. Chemical Mechanical Planarization Key Market Trends
3.1. Chemical Mechanical Planarization Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Chemical Mechanical Planarization Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Chemical Mechanical Planarization Market Opportunities
3.4. Chemical Mechanical Planarization Market Future Trends
4. Chemical Mechanical Planarization Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Chemical Mechanical Planarization Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Chemical Mechanical Planarization Market Landscape
6.1. Chemical Mechanical Planarization Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Chemical Mechanical Planarization Market - By Equipment
7.1. Overview
7.1.1. Segment Share Analysis, By Equipment, 2024 & 2032 (%)
7.1.2. CMP Equipment
7.1.3. CMP Consumables
8. Chemical Mechanical Planarization Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%)
8.1.2. Integrated circuits
8.1.3. Compound semiconductors
8.1.4. MEMS
8.1.5. Others
9. Chemical Mechanical Planarization Market - By End User
9.1. Overview
9.1.1. Segment Share Analysis, By End User, 2024 & 2032 (%)
9.1.2. Semiconductor foundries
9.1.3. Fabless companies
9.1.4. Others
10. Chemical Mechanical Planarization Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
10.2. North America
10.2.1. Overview
10.2.2. Chemical Mechanical Planarization Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. North America Market Size and Forecast, By Equipment, 2019 - 2032 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.6. North America Market Size and Forecast, By End User, 2019 - 2032 (US$ Million)