Global Chemical Vapor Deposition Market Anticipated to Rise due to Growing Application in Microelectronics Industry: Transparency Market Research
21 Aug, 2017, 07:30 ET
ALBANY, New York, August 21, 2017 /PRNewswire/ --
Key players in the Chemical Vapor Deposition Market include ULVAC Inc., IHI Corporation, Singulus Technologies AG, Veeco Instruments Inc., Tokyo Electron Limited, Mustang Vacuum Systems, Dynavac, and Oxford Instruments. The chemical vapor deposition market is likely to witness the entry of new players on a regular basis in the coming years due to the attractive commercial proposition of the market. Acquisition of smaller emerging players with considerable expertise in particular aspects of the process is likely to be a key tactic for large players in the global chemical vapor deposition market in the coming years.
According to Transparency Market Research (TMR), the global chemical vapor deposition market was valued at US$16,449.8 mn in 2016 and is estimated to reach US$32,441.5 mn by 2025, expanding at a CAGR of 7.7% between 2017 and 2025.
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Currently, Asia Pacific leads the global chemical vapor deposition market, followed by North America and Europe. Increasing consumption of chemical vapor deposition in electronics industries in China and India is likely to fuel the demand for chemical vapor deposition applications in Asia Pacific over the forecast period. China is the key manufacturer and consumer of CVD products in Asia Pacific, mainly due to the booming demand from microelectronics applications. CVD demand would continue to increase in Asia Pacific over the forecast period. Asia Pacific accounted for more than 35% of the global chemical vapor deposition market in 2016.
Rising Need for Reliable Coatings Drives Chemical Vapor Deposition Market
Chemical vapor deposition (CVD) can be performed by various methods such as atmospheric pressure CVD (APCVD), low pressure CVD (LPCVD), and others. It is used to provide wear-resistant coatings, corrosion-resistant coatings, and heat-resistant coatings. It is also used for the production of high-purity powder and fabricating ceramic and metal matrix composite materials. The growing need for high-quality coatings in a number of industries is likely to drive the chemical vapor deposition market in the coming years.
Steady Growth of Microelectronics Sector Benefits Chemical Vapor Deposition Market
Rising demand for microelectronics is likely to drive the chemical vapor deposition market in the near future. The microelectronics application segment is expected to emerge as a prominent and rapidly expanding application of chemical vapor deposition in the coming years. In the microelectronics industry, CVD equipment is used for wafer processing in the semiconductor industry, and for coating applications in the LED (light emitting diodes) manufacturing process. Microelectronics is a leading application segment for CVD and expansion of the microelectronics market has been a major factor fuelling the CVD market.
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Rapid industrialization in developing economies in Asia Pacific is likely to be a crucial driver for the global chemical vapor deposition market. This has also led to growing demand for automated equipment in many industries, leading to rising use of chemical vapor deposition to ensure a strong coating.
The information in this preview comes from a Transparency Market Research report titled 'Chemical Vapor Deposition Market (Category - Equipment, Services, and Materials; Application - Coating, Electronics, and Catalysis) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.'
The report segments the global chemical vapor deposition market as follows:
Chemical Vapor Deposition Market: Category Analysis
- CVD Equipment
- CVD Services
- CVD Materials
Chemical Vapor Deposition Market: Application Analysis
- Optical Coatings
- Protective Coatings
- Decorative coatings
- Others (Nuclear, etc.)
Chemical Vapor Deposition Market: Technology Analysis
- Atomic Layer CVD
- Laser Induced CVD
- Organometallic CVD
- Plasma Enhanced CVD
- Plasma Assisted CVD
- Low Pressure CVD
Chemical Vapor Deposition Market: Regional Analysis
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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