[FURL=https://www.industryarc.com/Research/Chemical-Mechanical-Planarization-Market-Research-505293.?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Chemical mechanical planarization (CMP) market [/FURL] is expected to reach $7649 million by 2025 at a CAGR of 7.2% during the forecast period 2020-2025. owing to the technological advancements in fabrication and semiconductor processes, mainly to enhance the performance of the semiconductor. The increasing investment in semiconductor wafer fabrication materials by manufacturers for product innovation is primarily driving the studied market growth. In addition, rising demand for micro electromechanical systems is another factor expected to further fuel growth of the global market over the forecast period 2020-2025.Key Takeaways
APAC dominated the market by a market share of more than 35.5% in 2019, the economy of APAC is majorly influenced by the major countries such as China and India. In these countries, the government are investing heavily for the development of several industries such as Semiconductor, consumer electronics and so on.
The demand for planarization in semiconductor devices will increase with an expanding number of end-use applications such as IC manufacturing, micro-electro-mechanical systems (MEMS), optics, compound semiconductors, and computer hard drive manufacturing.
The prominent players of chemical mechanical planarization (CMP) market are focusing on product innovation and expansion of their product line to meet demand associated with different applications and segments.
Chemical mechanical planarization top 10 companies include Cabot Microelectronics Corporation, DOW Electronic Materials, Ebara Corporation, Fujimi Incorporated, LAM Research Corporation, Lapmaster Wolters GmbH, Strasbaugh Inc., DuPont Electronic Solutions, BASF SE, Sungmoon Electronics Co. Ltd among others.
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Chemical mechanical planarization Market Drivers
Growing demand for CMP in Semiconductor manufacturing
Chemical Mechanical Planarization is an enabling technology that has rapidly spread throughput the semiconductor manufacturing process. The demand for planarization in semiconductor devices will increase with an expanding number of end-use applications such as IC manufacturing, micro-electro-mechanical systems (MEMS), optics, compound semiconductors, and computer hard drive manufacturing.In addition the increasing global semiconductor sales and growing economic activities in Asia-Pacific and North America is providing opportunities to the CMP equipment manufacturers.
Chemical mechanical planarization top 10 companies are Cabot Microelectronics Corporation, DOW Electronic Materials, Ebara Corporation, Fujimi Incorporated, LAM Research Corporation, Lapmaster Wolters GmbH, Strasbaugh Inc., DuPont Electronic Solutions, BASF SE, Sungmoon Electronics Co. Ltd
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