CMP Slurry Market Booming Demand Leading To Exponential CAGR Growth by 2027

Posted by Fred Williams on March 26th, 2021

Chemical mechanical planarization (CMP) slurries are liquid dispersions that are extensively used for chemical mechanical planarization. The growth of the CMP slurry market will primarily hinge its hopes on the sales of consumer electronics products during the forecast period, as CMP slurries are primarily used to develop silicon wafers, disk-drive components, and different types of microelectronic surfaces. Moreover, as CMP continues to remain one of the most effective and cost-efficient techniques to address chemical attacks and remove abrasion, a steady growth of the CMP slurry market is projected during the assessment period.

Furthermore, the increasing adoption of CMP for integrated circuit manufacturing is a major factor that is expected to fuel the growth of the global CMP slurry market during the forecast period. The emergence of CMP has played a key role in changing the fortunes of processing and manufacturing high-technology semiconductors. The noteworthy growth of the industrial sector around the world is likely to have a positive impact on the CMP slurry market due to a surge in the demand volumes. Market players are likely to focus on research and commercialization of CMP slurries in the upcoming years to improve their footing in the current CMP slurry market landscape.

At the back of these factors, the global CMP slurry market is projected to surpass the valuation of US$ 2.4 Bn by the end of 2030.

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Fred Williams

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Fred Williams
Joined: May 7th, 2020
Articles Posted: 371

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