A new research report recently added by Transparency Market Research offers a detailed analysis of the global chemical mechanical planarization market. The study, titled “Chemical Mechanical Planarization Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” has been added to the vast repository of TMR research reports. The increasing use of chemical mechanical planarization in the semiconductors industry is estimated to accelerate the growth of the global market in the next few years.
The rising demand for planarization from the semiconductor industry and a tremendous rise in the demand for consumer products, including tablets, smart phones, and other electronic devices are some of the key factors driving the global market. In addition, the rising use of microelectromechanical is likely to boost the demand for chemical mechanical planarization in the next few years. The growing competition among the key players and the launch of new products are anticipated to encourage the growth of the market worldwide.
On the flip side, the fluctuating nature of the semiconductor sector is estimated to curb the growth of the global chemical mechanical planarization market throughout the forecast period. Nonetheless, technological advancements in the semiconductor industry and the introduction of new products are estimated to offer promising opportunities for the key players in the global market.
In terms of product type, the global market can be classified into chemical mechanical planarization consumables and chemical mechanical planarization equipment. The rising number of applications will help in boosting the demand in the near future. From a geographical perspective, Asia Pacific is expected to remain in the leading position throughout the forecast period, in terms of size as well as revenue. The growing demand for consumer electronic products and the high contribution from Japan, China, Taiwan, and South Korea are projected to drive the chemical mechanical planarization market in Asia Pacific. North America is expected to register a significant growth in the next few years.
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Some of the leading players that are operating in the chemical mechanical planarization market across the globe are Ebara Corporation, Middle by Cabot Microelectronics Corporation, Fujimi Incorporated, Applied Materials, Inc., and Dow Electronic Materials. At present, the global market is highly competitive in nature and is expected to witness the same throughout the forecast period. To attain a leading position in the market, the leading players across the globe are focusing on cost, product quality, distribution structure, and innovations. Moreover, the rising number of mergers and acquisitions and expansions are projected to encourage the overall growth of the market over the next few years.