Furthermore, product releases, as well as mergers and acquisitions by major competitors in the CMP Slurry, are driving market expansion. Cabot Micro, a manufacturer of silica-based chemical-mechanical planarization slurries, announced plans to buy KMG Chemicals, a major provider of high-purity cleaning chemicals used between chip-making operations, in August 2018. Cabot Micro intends to grow its sales in the United States with the purchase.
The expansion of semiconductor applications in categories such as data processing, consumer electronics, and others is generating demand for new technologies like as 3D packaging, 3D NANDs, and so on, which is fueling development in the semiconductor industry. This is projected to fuel the growth of the CMP Slurry, since CMP is critical for supplying the aforementioned technologies. Furthermore, the growing trend of new technology and desire for new and enhanced consumer electronics is boosting market development overall.
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