The market for diamond slurry is predicted to reach US$ 165.1 million globally in 2022 and grow at a respectable CAGR of 5.6% from 2022 to 2032. The adoption of optical fiber technology will increase the demand for semiconductors as more are needed to produce cars, smartphones, integrated circuits, and other electronic gadgets. The production of telecom fibers uses a lot of semiconductors, like silicon and silica glass.
The semiconductor industry must tightly maintain material quality, and as semiconductor devices become smaller, it is essential to have highly polished surfaces on both sides of the material. Mobile gadgets like smartphones and tablets, as well as their attachments, are proliferating swiftly.
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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 substantial growth over the coming years.
Key Takeaways from the Market Study
- The global diamond slurry market is projected to grow at a rate of 5.6% and reach US$ 286.1 million by 2032.
- The market expanded at 3.9% CAGR between 2017 and 2021
- Under type, oil-based diamond slurry dominates the market and is valued at US$ 60.2 million in 2022.
- Monocrystalline, under diamond type, dominates the market with a 43.4% share in 2022.
- East Asia leads the global market with 29.8% market share in 2021.
- Together, Europe and East Asia are likely to represent 54.1% market share in 2022.
Market Development
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.
Competitive Landscape
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.
Country-wise Insights
Will Increasing Use of Semiconductors in the U.S. Drive Diamond Slurry Demand?
In June 2021, the United States approved the United States Innovation and Competition Act (USICA), which contained US$ 52 million to support local chip manufacture, research, and design.
The U.S.’s abundance of semiconductor manufacturing businesses will cause a spike in the demand for diamond slurry there. The U.S. is home to several well-known producers of electric vehicles and smartphones, both of which require semiconductors for product manufacturing. This will further propel the market.
Thus, it is anticipated that the US diamond slurry market will control 85.4% of the North American industry in 2022.
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Segmentation of Diamond Slurry Industry Research
- By Type :
- Water-based Diamond Slurry
- Lubricant-based Diamond Slurry
- Oil-based Diamond Slurry
- Alcohol-based Diamond Slurry
- By Diamond Type :
- Monocrystalline
- Polycrystalline
- Nano
- By Viscosity :
- Low Viscosity
- Medium Viscosity
- High Viscosity
- By Micron Size :
- Up to 10 μ
- 10-30 μ
- Above 30 μ
- By End-use Industry :
- Semiconductor Industry
- Optics and Photonics Industry
- Advanced Ceramics Industry
- Metal Industry
- Other Industries
- By Process :
- Lapping
- Polishing
- By Region :
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa
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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