The global chemical mechanical planarization market was worth USD 3.32 billion in 2014, and it is expected to reach USD 4.94 billion by 2020, at an estimated CAGR of 6.83% from 2015 to 2020. The major factors driving the growth of the CMP market during the forecast period are the growing need of CMP for wafer planarization, high demand for consumer electronic products, and increasing use of micro-electro-mechanical systems (MEMS). The CMP offers significant advantages over other planarization techniques in terms of its capabilities to provide excellent global planarization. These advantages have created huge opportunities for CMP technology beyond the traditional CMP applications.

Chemical Mechanical Planarization Market

CMP technical solutions are becoming more complex with leading-edge technologies; hence, majority of CMP consumable suppliers are developing innovative Chemical Mechanical Planarization consumables products for different growing leading-edge applications. The integrated circuits segment has generated most of revenue for the CMP market and is accounted for a share of almost 50% of the total CMP market in 2014. The MEMS & NEMS segment is expected to grow at the highest CAGR of 8.40% from 2015 to 2020. High demand in end-use applications such as smartphones, tablets, and other electronic devices is propelling the CMP equipment & consumable market forward. The recent advancements in IC packaging technologies such as TSV, 3D interconnect, and chip scale packaging are driving this market further.

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As the global economies continue to recover, the demand for CMP equipments would increase with an expanding number of end-use applications providing the stimulus for the CMP equipment market to grow further and is estimated to grow with the highest growth rate during forecast period compared to CMP consumables market. Growing importance of APAC as an end market and emerging research hub for the semiconductor industry are creating significant growth opportunities for CMP suppliers. China, Taiwan, and Japan are the major markets for CMP equipment & consumables and would remain to be the most promising markets during forecast period mainly because of the positive outlook of the semiconductor industry and optimistic attitudes about the growth in the Asia-Pacific region, especially in the emerging economies.