The [FURL=https://www.industryarc.com/Research/Chemical-Mechanical-Planarization-Market-Research-505293?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global Chemical Mechanical Planarization Market[/FURL] is forecast to reach $7842 Million by 2026, growing at a CAGR 7.3% from 2021 to 2026. Chemical Mechanical Planarization can be referred as process of smoothing as well as polishing surfaces by a combination of chemical and mechanical (or abrasive) actions, serving pneumatic cylinder applications, acting as an alternative of photolithography processes. Globally, growing demand for Integrated circuits for electronic devices, advancements in shallow trench isolation applications as well as continuous investments in fumed silica or silicon nitride based chemical polishing can also drive the market growth forward.Key Takeaways
Consumable segment is analyzed to grow with the highest CAGR in the global chemical mechanical planarization market during 2021-2026, owing to its major role in semiconductor manufacturing processes.
APAC region had contributed with the largest share in the Chemical Mechanical Planarization Market owing to the rise in investments towards semiconductor or chip fabrication units.
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Chemical Mechanical Planarization Market Segment Analysis- Geography
APAC region had dominated the global Chemical Mechanical Planarization Market in 2020 with a share of around 34% and is analyzed to have a significant growth during 2021-2026. Factors such as the rising development of consumer electronics sector, expansion of semiconductor fabrication units and others have attributed towards the market growth of chemical mechanical planarization in the region. Presence of leading market vendors including Ebara Corporation, Fujimi Incorporated and many others is further analyzed to drive the market growth in the region.
Chemical Mechanical Planarization Market Drivers
Increasing demand from semiconductor industries
Growing penetration of smart devices
Chemical Mechanical Planarization Market Landscape
Partnership, Acquisitions and R&D activities are key strategies adopted by players in the Chemical Mechanical Planarization Market. The top 10 companies in the Chemical Mechanical Planarization Market are Applied Materials Inc., Ebara Corporation, Nalco Chemical Co, Okamoto Machine Tool Works Ltd, Fujimi Incorporated, DuPont Electricals, Cabot Microelectronics Corporation, Hitachi Chemical Company Ltd, Strasbaugh Inc, LAM Research Corporation.
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