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Semiconductor Polishing Pads Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4710

The semiconductor polishing pads market will gain appreciable momentum from 2022 to 2028. Growing technological advancement and the widespread integration of semiconductors in consumer electronics like smartphones, refrigerators, LED bulbs, digital cameras, etc., will push the demand for semiconductor polishing pads in the foreseeable future.
 

The rapid expansion of public infrastructure leading to the adoption of semiconductors across several industrial verticals like bank ATMs, the internet, communications, trains, medical networks, and logistics systems will fuel the industry growth over the projected timeframe.
 

Semiconductor polishing pads are used to perform chemical mechanical planarization during the semiconductor manufacturing process on each wafer to create a smoother surface and remove excess materials. Doing so increases the performance and durability of the semiconductor, which in turn will increase their adoption, boosting the market outlook in the years to come. Growing technological advancement and emerging R&D activities by major manufacturers will augment the industry forecast in the foreseeable future.
 

In July 2021, Samsung Electronics came up with a reusable chemical mechanical polishing pad in collaboration with F&S tech. These polyurethane pads can effectively flatten semiconductor wafer surfaces and are usually cremated after use.
 

Such innovations, along with the rising concerns towards energy efficiency and environmental preservation, will positively impact the industry expansion during the analysis period.
 

With respect to the product type, non-woven pads may gain significant traction driven by their excellent capability of cleaning and removing oxidation. They do not make much noise while working and are known for their non-rusting and resilient characteristics. Moreover, these pads are gaining immense popularity among plumbers and pipefitters due to their incredible reusable properties and ability to meet desired requirements.
 

Increasing focus of the market players towards better product innovation will help increase the industry share in North America. In addition, the expanding consumer electronics market across the U.S. and Canada will also push the regional growth.
 

Some of the notable players of the semiconductor polishing pads market include Cabot Microelectronic, 3M, DuPont, Kemet International Limited, Logitech LTD, and Eminess technologies. These players are implementing necessary growth strategies to expand their market footprints while ensuring future sustainability.
 

In December 2021, Entegris announced the acquisition of CMC materials, formerly Cabot Microelectronics, in a transaction worth around $6.5 billion. The transaction was made to continue the company’s consolidation in the electronic materials business
 

COVID-19 impact on the semiconductor polishing pads industry

The sudden outbreak of COVID-19 had a varied effect on the semiconductor polishing pads market. The sector experienced a mild setback during the first quarter of 2020 due to the imposition of lockdowns in several major economies of the world, which prominently impacted the global supply chain of the products. Moreover, import and mobility restrictions resulted in price hikes and low availability of raw materials.
 

However, the rising demand for consumer electronics due to remote working and e-learning trends significantly pushed the industry growth later on. The market is expected to make further expansion in the coming years, owing to the emerging global outsourcing trends, increasing leisure expenditures, accelerating digitalization, and growing requirements for advanced products.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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