September 09, 2022 06:00 ET | Source: FACT.MR FACT.MR
Dublin, Ireland, Sept. 09, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global diamond slurry market is estimated at US$ 165.1 million in 2022 and is expected to expand at a healthy CAGR of 5.6% between 2022 and 2032.
With the rise in demand for semiconductors to meet the production of automobiles, smartphones, integrated circuits, and other electronic devices, the deployment of optical fibre technology will drive the need for semiconductors. Semiconductors such as silica glass and silicon are widely used in the manufacturing of telecom fibres.
The semiconductor industry needs to strictly maintain the quality of material, and with the miniaturization of semiconductor devices, the necessity to have high-polished surface quality on both sides of the material is critical. The number of mobile devices, such as smartphones and tablets, and their accessories, are increasing quickly.
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Semiconductors are used in electric vehicles for different functions such as sensing, display, power management, safety features, and control. Several government initiatives and rising fuel prices around the world have driven the demand for electric vehicles. Due to the growth of the semiconductors market, demand for their lapping and polishing is expected to observe a substantial growth over the coming years.
Key Takeaways from Market Study
“Increasing demand for semiconductors, especially from the automotive and electronic industries, and rising demand of compact devices, will drive diamond slurry market growth,” says a Fact.MR analyst.
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Technological advancements such as environment-friendly diamond slurry, application-specific diamond slurry, and specially formulated slurries for different types of polishing pads and lapping plates have created a significant market impact. Moreover, the adoption of diamond slurry as a polishing agent in various end products has led to a dynamic shift in the overall diamond slurry market landscape.
The necessity to create new polishing and lapping solutions will rise as more and more products require mirror-like finishing across various domains. The biggest use for this product is in semiconductors, automotive, healthcare, optics, metallography, and aircraft. Thus, key market players are looking to expand their offerings to increase their market share.
Prominent diamond slurry manufacturers are Algasan International, Allied High Tech Products, INC., Asahi Diamond Industrial Co., Ltd., Bewise Inc., Diamond Tool and Abrasives, Inc., Dopa, Engis Corporation, Entegris, Extec Corp., Henan Boreas New Material Co Ltd, Hyperion Materials & Technologies, Kemet International Limited, LAM PLAN SA, Mark V lab, Precision Surfacing Solutions, Qual Diamond, Saint-Gobain, Shenzhen Yungu Semiconductor Material Co., Ltd., and Stahli USA.
Fact.MR has provided detailed information about the price points of key manufacturers of diamond slurry positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Segmentation of Diamond Slurry Industry Research
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global diamond slurry market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of type (water-based, lubricant-based, oil-based, alcohol-based), diamond type (monocrystalline, polycrystalline, nano), viscosity (low viscosity, medium viscosity, high viscosity), micron size (up to 10 μ, 10-30 μ, above 30 μ), end-use industry (semiconductor industry, optics & photonics industry, advanced ceramics industry, metal industry, other industries), and process (lapping, polishing), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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