Sales of CMP Slurry in Semiconductor Industry to Drive Market at 7.8% CAGR

According to Fact.MR, the global chemical mechanical planarization (CMP) slurry market is projected to reach US$ 2.5 Bn by the end of 2031. With ever-expanding semiconductor industry, the overall market is anticipated to expand at a robust CAGR of 7.8% between 2021 and 2031. Rising demand for electronic products and increasing need to facilitate the fabrication process are some of the major factors driving the growth in CMP slurry market. Chemical mechanical planarization (CMP) has become an indispensable technique for fabricating integrating circuits and other electronic components. Rising adoption of this technique in semiconductor industry is expected to accelerate the demand for CMP slurries.