CMP Slurry Market to Chart Impressive Trajectory in the Next Decade, According To Coherent Market Insights

 

CMP Slurry Market

The CMP slurry market is expected to chart a highly impressive trajectory in the next decade according to Coherent Market Insights. With the advent of new advanced processing technologies, and a multitude of materials that can be used to fabricate CMP slurry, the industry is poised to rise above the competition. However, the recent Covid-19 pandemic has dampened industry optimism. However, with an influx of industrial spending on research and development and a slew of manufacturing deals lined up, it is expected that the CMP slurry market will witness a sea change in the next few years.

The CMP slurry market is expected to witness significant growth with increase in integrated circuit production. Looking at the current market scenario, the demand for solid-state low-cost bulk materials is on the rise. Although there is a significant amount of room for improvement in the design and manufacturing capabilities of such components, the topmost priority for manufacturers is to scale down their current product offerings to enable them to better serve customer requirements. Thus, most of the leading integrated-circuit-manufacturing companies have been upgrading their manufacturing infrastructure and product offerings to address growing customer requirements. These companies have been increasing the frequency and size of their factory floor space so as to accommodate increased volumes of product manufacturing.

The primary drivers behind growth of the CMP slurry market are: (a) the increase in global market share for chips and wafers due to the high cost of materials like platinum, boron and phosphorous; (b) an increased need for robust and durable packaging materials to house heat sinks and refrigeration coils; and (c) an increasing demand for thermal spray foam for use in heat treatment and chemical processing applications. In fact, the demand for CMP slurry materials and products like Silicone Buffer is expected to keep growing for at least the next five years.

With the increase in demand for CMP slurry and related products there has been a corresponding increase in supply and an increased demand for trained and fully-trained polymer processing engineers who are able to handle the design, material and fabrication aspects of these products. Thus, it is imperative that quality control standards are continuously monitored and maintained to ensure that these materials meet both the CMP slurry market and government quality standards.


Location: India

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