The global chemical vapor deposition (CVD) market was valued at USD 23.4 billion and is estimated to grow at a CAGR of 8.1% from 2018 to 2026.
CVD is a material-processing technology where its wide array of functions includes application of solid thin-films coatings to surfaces in tandem with the manufacturing of high purity bulk powders & materials and composite & fabricating materials vial infiltration techniques. chemical vapor deposition (CVD) market is primarily driven by the growth of end use industries such as microelectronics, solar devices & modules, and medical equipment. The technological process is employed in many thin film applications of the previously mentioned end-uses such as heat-resistant coatings, passivation layers, conductors, dielectrics, conductive oxides, oxidation barriers, corrosion-resistant and tribological coatings, and epitaxial layers for microelectronics.
North America chemical vapor deposition (CVD) Market Share By End-Use Type, 2017-2026
Electronics manufacturing and semiconductor applications have intensely driven the demand for the chemical vapor deposition (CVD) market. Rising demand for advance and durable electronic products such as laptop, mobile phones, data storage devices, and advanced integrated circuits has led to increased usage of CVD equipment and technology. CVD in microelectronics is mainly used for fabrication and wafer processing.
The global electronics manufacturing sector has undergone a tumultuous decade. In spite of the fact that a serious recession situation choked off the demand, large developing nations leaped into the first tier of manufacturing economies, along with the fall of manufacturing employment at an accelerated rate in advanced economies, however the manufacturing remains crucially important to both the developing and developed economies. The electronics manufacturing is also led by the constructive regulatory framework for the private investments at the domestic level in nations such as Mexico and schemes such as “NITI Aayog” (Make in India Strategy for Electronics Products) in the developing countries such as India, are some among the many important factors likely to drive the chemical vapor deposition (CVD) market growth over the forecast period.
North America chemical vapor deposition (CVD) Market, By Technology Type, 2017 – 2026
Increased usage of CVD technology in semiconductor devices has also driven its demand globally. Modern, durable, and miniaturized components in smart devices are coated with the help of CVD for conformal thickness and longevity. These coatings are generally applied at higher temperatures by making use of volatile precursors such as metals, metal hydrides, halides, metal organic compounds and other complexes.
The chemical vapor deposition (CVD) market has expanded fast on account of its vast array of applications in both semiconductor and non-semiconductor segments coupled with the technological advancements concerning materials and methods. In the current scenario, the market players are focussing on developing innovative processes for the organic-inorganic hybrid deposition films to lower the manufacturing costs.
The global chemical vapor deposition (CVD) market has been segmented on the basis of category type, technology type, applications, and end-uses. Equipment is the largest category type for the CVD market on account of high-efficiency deposition films. However, the fastest segment is CVD services due to development in technology for the advanced methods such as plasma-enhanced CVD.
Atomic layer CVD is the fastest growing CVD technology as component miniaturization has become a very significant aspect for the electronics & semiconductor devices and atomic layer CVD is known for depositing exceptionally conformal films comparable to nano-layer thickness.
In terms of CVD applications, electronics is the largest segment due to the growing demand of consumer electronics such as laptops and smart gadgets. The fastest growing applications for the CVD market is solar sector, which has witnessed a very high growth on account of being a cleaner alternative for power generation. Different type of CVD methods are widely applied on solar devices and cells.
Asia Pacific is the largest regional chemical vapor deposition (CVD) market for the chemical vapour deposition due to the fast growth of numerous end-use industries in the region. This regional market is primarily driven by rapid urbanization in developing economies well-established electronics manufacturing base in China, Korea, and Taiwan.
North America is the second largest regional player in the global chemical vapor deposition (CVD) market followed by Europe. An upward trend in the solar and semiconductor industry of the North America region has driven its CVD demand globally. Moreover, supportive governmental regulations for encouraging local level private investments is anticipated to give a boost to region’s end-use industries such as semiconductors.
The chemical vapor deposition industry is globally consolidated with major players holding a greater share of the market. Some of the competitive factors for the industry players include technological upgradation, material innovations, and efficient manufacturing by lowering production costs.
Major market players for the chemical vapor deposition (CVD) market include Veeco Instruments Inc., Praxair Surface Technologies, Lam Research Corporation, Applied Materials, Inc., Ulvac, Inc., Adeka Corporation, and Tokyo Electron Limited. Some other notable players in the market include ASM International NV, Plasma-Therm, Aixtron SE, CVD Equipment Corporation, and Intevac Inc.