Demand for CMP slurry in Japan is set to rise at 7.8% CAGR, with a market share of over 15%. Further, demand for CMP slurry in APEJ is set to grow at 8.3% CAGR through 2030.
According to the study many countries have witnessed a high demand for electronic measuring equipment, displays, server/storage equipment, and electro-medical equipment.
China - Most Lucrative Market for CMP Slurry Globally
China will continue to be the largest market for CMP slurry in Asia Pacific during 2020-2030, with a slight decrease in market share. CMP slurry manufacturers in Taiwan can witness a period of ascendancy, whereas India and South Korean markets will see marginal increases.
Sensing the opportunities in this market, semiconductor manufacturers in China have started manufacturing CMP slurry.
“Asia Pacific is the leading market for chemical-mechanical planarization slurry manufacturers globally. During 2014-2019, the CMP slurry market in Asia Pacific has shown a consistent yearly growth of nearly 8%”, says a lead analyst at Fact.MR.
High Demand for Aluminum Oxide and Ceramic CMP Slurry
As is the global trend, aluminum oxide and ceramic CMP slurries remain sought-after. Collectively, these two variants account for nearly 60% market share. Silica CMP slurry remains the least preferred among end-users in Asia Pacific.
Demand for CMP slurry in Asia Pacific is spread across a range of applications, with microelectronic surfaces, optical substrates, and disk-drive components accounting for bulk of demand.
Fact.MR market research study on CMP slurry market finds that silicon wafers will emerge as revenue hotbeds, as focus on enhanced quality will gain momentum. As demand for semiconductors shifts from quantity-approach to quality and quality both, CMP slurry manufacturers are likely to witness an increased demand.
“Many economies in Asia Pacific are investing heavily in next-gen technologies, while expanding their existing internet systems. Growing fiberization and FTTH for 5G will create a sustained demand for CMP slurry in the future”, says the Fact.MR analyst.
The Fact.MR study profiles leading CMP slurry companies in the latest study. According to the study, key CMP slurry market players are focusing on product innovation and expansion strategies. Some of the key players profiled by the study include Cabot, Hitachi, Samsung, Fujifilm, BASF, DuPont, Evonik, and Fujimi Corporation.
The latest study by Fact.MR also includes a detailed COVID-19 analysis on the CMP slurry market.
Key Questions Answered by the Study
· Will opportunities in Asia CMP slurry market offset broader weakness in European and US markets?
· Will Chinese CMP slurry manufacturers continue to consolidate their position on basis of pricing?
· What impact will 5G infrastructure investment have on CMP slurry manufacturers?
· How has COVID-19 impacted semiconductor sales in general and CMP slurry sales in particular?
· Which CMP slurry companies are likely to witness an increase in market share?
· Which CMP slurry companies are likely to witness a decline in market share?
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