Global Abrasive Polishing Fluid Market is Expected to Reach USD 538.8 Million by the End of 2026

Research analysts forecast the global Abrasive Polishing Fluid market to grow at a CAGR of 5.7% during the forecast period, according to their latest market research report.

Rising product incorporation for hard disk drive polishing to bolster demand for Abrasive Polishing Fluid; increasing semiconductor wafer processing with abrasive polishing fluids to boost market growth.

Abrasive polishing fluid is involved during finishing of semiconductor device surfaces, helping remove additional material and reduce surface defects for a uniform finish. The abrasive polishing fluids are a vital aspect in the enhancement of semiconductor device functionality, ensuring planar uniformity control over device surfaces.

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The consistent product incorporation in polishing of hard disk drives as computer peripherals and data centre components and increasing product demand for wafer processing in semiconductor manufacturing facilities are the influential primary factors that would propel the market growth during the forecast period. The abrasive polishing fluids are effectively designed to remove defectivity and sub-surface damage on wafers, along with an enhanced surface finish that facilitates overall product performance. The rise in volume of wafer processing and substrate handling capabilities in semiconductor fabrication facilities would thereby bolster growth prospects of the market. The introduction of a two-step polishing process for hard disk drives would further necessitate the purchase and incorporation of abrasive fluids, with constant focus provided on the enhancement of final polishing measures for improved product performance. The growing product demand in optical media and industrial sectors of emerging economies pertaining to the industrial electronic media facilities would offer key players with new opportunities for the product application and business expansion during the forecast period.

The uncertainty of changing market dynamics owing to the evolving complications of the Covid-19 pandemic has impeded the growth prospects of the Abrasive Polishing Fluid market, limiting the potential sale of products in new demand areas. The generation of lower profit margins and rising operational costs in light of periodic sanitization demands have hampered execution of facility expansion projects. The high economic losses of major and minor manufacturers, owing to long periods of functional inactivity during the early days of the Covid outbreak, has left a shortage in fund reserves and compelled many to opt for employee pay cuts. As such, the market is unlikely to witness a sudden increase in demand or find any new method of innovative product use in light of the Covid-19 pandemic. The resumption in full-scale operations of semiconductor fabrication units would instill a renewed vigor in the future market growth prospects.

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Mechanical Action Polishing Fluid and Chemical Action Polishing Fluid are included in the Type segment of the market scope. In contrast, the Application segment is categorized into Silicon Wafers, Optical Substrate, Disk Drive Components, and Others. The report covers the volume of the Application segment, expressed in K MT. The Type segment is also calculated in terms of overall value and volume.

The volume of the Disk Drive Components segment is estimated to garner 143.3 K MT by 2026, growing at a CAGR of 6.0% from 2020 to 2026. The incremental rise in several disk drive peripherals being subjected to surface finishing processes would boost the growth of the segment during the forecast period.

North America, Asia Pacific, Europe, South America, and Middle East & Africa are taken into account while arriving at the global volume and value figures. While North America is divided into the United States, Canada, and Mexico, Europe is split into Germany, the United Kingdom, France, Italy, Russia, and Rest of Europe. Asia-Pacific includes China, India, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Argentina, Brazil, and Rest of South America, with Middle East & Africa involving Egypt, GCC Countries, South Africa, and Rest of Middle East & Africa.

The Abrasive Polishing Fluid market is moderately fragmented, with several global and regional companies operating in the evolving market scenario with expansive manufacturing capabilities and extensive product distribution networks. The increment in manufacturing capabilities through facility expansions and diversification of business opportunities through strategic partnerships are the primarily followed business strategies of top players.

CMC Materials, Inc. is one of the most significant companies of the global Abrasive Polishing Fluid Market in terms of production volume, with Fujimi Incorporated and Fujifilm Holdings Corporation among many other vendors to hold considerable market share by value and volume.

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This release was published on openPR.