The global chemical vapor deposition (CVD) market size is anticipated to reach USD 47.2 billion by 2026 growing at a CAGR of 8.1%, according to a new study published by Polaris Market Research. The report “Chemical Vapor Deposition (CVD) Market Share, Size, Trends, Industry Analysis Report By Category Type (Equipment, Services, and Materials); By Technology Type (Plasma Enhanced CVD, Low Pressure CVD, Atomic Layer CVD, Metal Organic CVD, and Others)]; By Application (Solar Products, Electronics, Data Storage, Medical Equipment, and Others); By Regions, Segments & Forecast, 2018 - 2026” provides a comprehensive analysis of present market insights and future market trends.
Chemical vapor deposition is a vapor deposition technology by which thin films are deposited on different types of substrates. In a typical CVD, the substrate is exposed to one or more volatile precursors which deposit on the substrate to produce the desired deposit. Advantages of chemical vapor deposition include conformal thickness, high purity and a higher deposition rate.
Globally, a rising semiconductor industry and increase in manufacture of electronic components for semiconductor devices is primarily driving chemical vapor deposition market. The microelectronics industry runs because of miniaturization of components which is the most arising need today. This is achieved by marked chemical vapor deposition processes for achieving homogenously thin films.
The increasing utilization of high-performance films in solar panels is likely to propel growth in Chemical vapor deposition market during forecast period. There is an increasing demand from electronics that is driving the CVD market.
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Mobiles, PCs, smartphones and such electronic gadgets are penetrating market reach with India and China at the top of growth. This technique is used for coating components of electronic devices including integrated circuits, capacitors and resistors. Semiconductor sales has increased at a fast pace in 2017 registering mammoth growth. Semiconductor sales will still multiply with high demand existing for memory products. As semiconductors are the piece de resistance in almost all electronic products, semiconductor technology is likely to drive growth for chemical vapor deposition market most assuredly.
Solar panel application is slated to grow at the highest rate. The chemical vapor deposition (CVD) technology is widely used in fabrication of solar cells. The usage spawns deposition of crystalline-silicone solar cells to the deposition of range of different materials in high performance film solar cells. The solar panel is expected to rise in forthcoming years due to decline in cost of solar modules. The decline can be mainly attributed to improvement in material efficiency, production optimization and economies of scale. The Government across the globe has a plan in place to propel growth of solar energy by introducing various investments which in turn will drive growth of CVD equipment and materials.
Asia pacific is most likely the country of choice to drive growth in Chemical Vapor Deposition Market. Here too electronics manufacturing comes tops in Asia pacific markets and drives growth with semiconductor devices, medical equipment, data storage and solar devices creating uproar in the Chinese market. China is striving to vertically integrate electronics manufacturing industry by initiating entry into global semiconductor manufacturing industry. In 2015, China state council initiated a market plan called Made in China 2025. The plan delves on high end manufacturing innovation and intelligent manufacturing.
In March 2018, Oerlikon has announced to acquire Sucotec AG, a Swiss manufacturer specializing in CVD for the tools. This acquisition is likely to bolster the range of products and services provided by Oerlikon Balzers which focuses on PVD (Physical Vapor Deposition and PACVD (Plasma assisted chemical vapor deposition).
The key players in CVD market include Veeco Instruments, Praxair Surface Technologies, Inc., Ulvac, Inc., IHI Corporation, Applied Materials Inc., Adeka Corporation and CVD Equipment Corporation and Air Liquide.
Polaris Market Research has segmented the global chemical vapor deposition (CVD) market on the basis of category, technology, end-use and region:
CVD Category Outlook (Revenue USD Millions 2015-2026)
CVD Technology Outlook (Revenue USD Millions 2015-2026)
CVD End-use Outlook (Revenue USD Millions 2015-2026)
CVD Regional Outlook (Revenue USD Millions 2015-2026)