CMP Slurry Market Size, Share, Growth Analysis, By Type(Aluminum Oxide Slurry, Ceria Slurry, Colloidal Silica Slurry, Fumed Silica Slurry and Others.), By Application(Semiconductor Manufacturing, Data Storage, Optical Substrates, Flat Panel Displays (LCD), By Region - Industry Forecast 2024-2031

CMP Slurry Market size was valued at USD 1.6 million in 2021 and is poised to grow from USD 1.73 million in 2022 to USD 3.22 million by 2030, growing at a CAGR of 8.09% in the forecast period (2023-2030).

The global CMP slurry market has witnessed substantial growth over the years, driven by the increasing demand for smaller and more powerful semiconductor devices in various industries, including consumer electronics, automotive, and telecommunications. As consumer expectations for faster and more efficient electronic devices continue to rise, manufacturers are under pressure to develop cutting-edge semiconductor components with higher performance and reduced form factors. CMP slurry manufacturers are thus compelled to innovate and produce slurries with higher selectivity, lower defectivity, and enhanced planarization capabilities to meet the stringent requirements of the semiconductor industry. The electronics industry's focus on achieving greater energy efficiency has also influenced the CMP slurry market positively.

As power consumption becomes a critical concern, semiconductor manufacturers are developing energy-efficient chips that require superior planarization during their production. CMP slurry manufacturers are responding to this demand by developing specialised slurries that offer improved planarization efficiency and reduce power consumption in electronic devices.

US CMP Slurry Market is poised to grow at a sustainable CAGR for the next forecast year.