Semiconductor Polishing Pads Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Semiconductor Polishing Pads Market Size

Semiconductor Polishing Pads Market is poised for substantial growth over 2024 and 2032, fueled by rapid adoption of advanced technologies like artificial intelligence (AI), Internet of Things (IoT), and 5G networks, which require semiconductor components. For instance, as per the data published by authorityhacker.com in 2023, 35% of businesses have embraced AI, with 77% of devices utilizing some form of AI. Moreover, a staggering 90% of organizations leverage AI for competitive advantage and by 2030, AI is projected to contribute $15.7 trillion to the global economy.
 

Semiconductor Polishing Pads Market Trends

The trend towards environmental sustainability in the semiconductor polishing pads industry reflects a growing awareness of the environmental impact of manufacturing processes and materials. As stakeholders seek to minimize their carbon footprint and reduce waste generation, there is a heightened focus on developing eco-friendly polishing pad solutions. This involves the adoption of sustainable manufacturing practices, such as using renewable or recycled materials, minimizing energy consumption, and implementing efficient waste management systems. For instance, as per a report by Capgemini in 2023, companies such as Intel and Applied Materials have engineers especially for catering to sustainability.
 

Additionally, companies are exploring alternative manufacturing processes that are less harmful to the environment, contributing to the overall sustainability of the semiconductor industry.  This can be obtained by achieving efficiency via advanced analytics, including machine learning, and AI, alongside enhancement of digital lifecycle collaboration. For instance, implementing a digital twin platform during the lifecycle of a FAB can reduce energy waste.
 

Semiconductor Polishing Pads Market Analysis

Silicon wafer polishing application segment is anticipated to grow substantially through 2032, as silicon wafers are a critical component in the production of semiconductor devices. Semiconductor polishing pads, including polyurethane (PU) and non-woven pads, are used in the silicon wafer polishing process to achieve the desired level of smoothness and flatness required for semiconductor manufacturing, thereby increasing their market value.
 

The automotive segment is set to generate significant demand in the market through 2032, owing to the incorporation of semiconductor components into vehicles for advanced driver assistance systems (ADAS), infotainment systems, EVs, and autonomous driving technologies. Semiconductor polishing pads are vital in the fabrication of semiconductor components used in automotive applications, ensuring high precision and reliability.
 

Asia Pacific semiconductor polishing pads market is poised to showcase a decent growth trajectory through 2032, driven by the presence of major semiconductor manufacturing hubs such as China, Japan, South Korea, and Taiwan, rapid industrialization, and technological advancements. The region has a significant share of the global semiconductor production, thereby driving the product demand. Additionally, favorable government initiatives and investments in infrastructure further bolster market growth in the region.
 

Semiconductor Polishing Pads Market Share

Some of the notable players in the semiconductor polishing pads industry include:

• Cabot Microelectronic
• 3M
• DuPont
• Kemet International Limited
• Logitech LTD
• Eminess technologies
   

These companies are implementing necessary growth strategies like mergers & acquisitions, partnerships, and new launches, while ensuring future sustainability.
 

Semiconductor Polishing Pads Industry News

In 2022, Entegris, Inc. finalized its acquisition of CMC Materials, Inc., enriching its portfolio and operational capabilities. This integration bolsters Entegris' position as a leading provider of solutions for the fab environment and the semiconductor industry at large.