Global SiC CMP Pads & Slurry Market Projected to Reach US$ 115.6 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global SiC CMP Pads & Slurry Market by type, by applications, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 56.4 Million in 2022 and is anticipated to grow at a growth rate 8.4% by the year 2031.

CMP Pads are made up of porous material with filler materials to achieve the hardness to polish the wafer surface. This hardness is considered as a crucial factor as it affects the material removal rate (MRR) and uniformity of the wafer. When CMP pads undergo mechanical processes, their physical properties such as elasticity, hardness, and surface roughness are expected to change during CMP. CMP Slurry is a stable liquid that contains materials such as Potassium Persulphate, Hydrogen Peroxide, Potassium Permanganate, and Potassium Chlorate show oxidizing properties. The material with a higher rate of oxidation has a higher material removal rate (MRR).

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The Global SiC CMP Pads & Slurry Market has been fragmented based on type, applications, and regions. Based on Type, the global SiC CMP Pads & Slurry Market is segmented into SiC CMP Pads and SiC CMP Slurry. Based on Application, the global SiC CMP Pads & Slurry Market is segmented into Power Electronics, RF Electronics, LEDs, and Others.

The Global SiC CMP Pads & Slurry Market was impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction. However, the use of SiC CMP Pads & Slurry is likely to rise in semiconductor manufacturing sectors in the near future.

As per growth market reports industry analyst XX, “Electronics industry plays an important role in the SiC CMP Pads and Slurry market. It has a significant impact on the demand for, distribution of, and accessibility of CMP Pads & Slurry, affecting both users and manufacturers.

Key Takeaways from the Study:

• Key players operating in the market are 3M, Entegris (Cabot Microelectronics Corporation), DuPont, SKC, Fujimi Incorporated, Saint-Gobain, FUJIFILM Holdings Corporation, AGC Inc., Kemet International Limited, and CETC Solar Energy Holdings Co., Ltd. These companies are considered as key manufacturers of SiC CMP Pads & Slurry based on their revenue, research development (R&D) activities, Gauge Type offerings, regional presence, and supply chain management system.

• Based on Type, the global SiC CMP Pads & Slurry Market is segmented into SiC CMP Pads and SiC CMP Slurry. The SiC CMP Pads segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. SiC CMP Pads are Polyurethane (Polyester Urethane) pads impregnated with nanoparticles such as ferrous and Aluminum oxide in order to planarize the surface of the silicon carbide wafers. SiC (silicon carbide) is a compound semiconductor composed of silicon and carbide. These devices have high operating voltages, high operating frequency, and higher dependability, compared to Si-based devices.

• Based on Application, the global SiC CMP Pads & Slurry Market is segmented into Power Electronics, RF Electronics, LEDs, and Others. The Power Electronics segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Power electronics are devices that deal with the processing, control, and conversion of electric power. It involves the use of solid-state electronics, such as transistors and diodes, to control and manipulate high-power electrical energy. SiC is a semiconductor material with a high electric breakdown field and saturated electron velocity, which makes them suitable for use in power electronics.

• On the basis of region, the global SiC CMP Pads & Slurry Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In North America, the market expand at a CAGR of XX% between 2022 and 2031. North America region is witnessing increasing prevalence of research & development in semiconductor industries, due to the growing popularity of its application in electronic sector leading to high adoption of SiC wafers. In Europe, the market in Europe is anticipated to expand at a CAGR of XX% between 2023 and 2031. The market growth is attributed to increased demand for electric mobility from consumers and technological benefits offering by the SiC wafers such as thermal conductivity & ability to operate under harsh conditions. In Asia Pacific, the market in Asia Pacific is anticipated to expand at a CAGR of XX% between 2023 and 2031. Rising growth in semiconductor manufacturing industries. The countries such as Taiwan, South Korea, China, Japan are rapidly contributing the popularity of the pads & slurries market in Asia Pacific is driving the market in the region.

Scope of SiC CMP Pads & Slurry Market Report:

Target Audience:

• Supply-side: Manufacturer, distributors, wholesaler, and Supplier.

• Demand Side: Semiconductor Manufacturing Industry.