The chemical vapor deposition is a chemical progression which is utilized for producing the high-performance and purity solid materials. This includes a deposition process of a high performance thin solid coating, fibers, powders, and monolithic components over the metal or the plastic surfaces over numerous products. The CVD is primarily used for manufacturing of thin sheets used in semiconductors, solar cells, LED lights and many other electrical appliances. Apart from these applications, CVD is also widely used over the coatings of diamonds to impart the desired properties over the cutting tools. The CVD films are being used for different applications over microelectronics components, data storage, cutting tools, medical equipment, solar products and many of other end-use applications. Moreover rise in application of technological over several end-use are expected to be one of the major driving factor to this industry.
According to study, “Global Chemical Vapor Deposition (CVD) Market to reach USD XXX billion by 2026” the key companies operating in the global CVD market are ADEKA Corporation, CVD Equipment Corporation, Aixtron, ASM International, Applied Materials Inc.,LAM Research Corporation, Dynavac,OC Oerlikon Management AG, IHI Ionbond AG, Oxford Instruments, Mustang Vacuum Systems, Tokyo Electron Limited, Plasma-Therm, Veeco Instruments Inc., ULVAC Inc.
Based on category, CVD market is segmented as CVD materials, CVD equipment and CVD services. CVD materials segment holds major share in market owing to rise in demand for optical, medical equipment, electronics, and industrial applications of advanced mono-structured coatings for as high-speed machining, tooling, and magnetic storage devices. Based on technology, market is segmented as plasma enhanced CVD, low pressure CVD, atmospheric pressure CVD, metal organic CVD and others. In addition, based on application, market is segmented as medical equipment, solar products, microelectronics, data storage, cutting tools and others. Medical equipment segment is anticipated to exhibit substantial growth rate due to increase in government expenditure in equipment for the medical sector in developing countries during the forecast period.
The CVD market is driven by rise in demand and adoption of consumer electronics, followed by increase in regulatory guidelines framed by EPA and OSHA and increase in utility of high performance thin films in solar panels. However, high capital investments along with strict regulations framed by government towards f-gases may impact the market.
Based on geography, the North-American is the significant region in global CVD market owing to favorable regulatory guidelines framed by central governments towards use of CVD and escalating utility of high performance thin films in solar panels in the region. Whereas, the Asian-Pacific region is also anticipated to show highest growth rate due to growth in manufacturing & adoption of consumer electronics along with rise in investments made by private organizations over the forecast period. In upcoming years, it is estimated that future of the global market will be bright on account of surge in demand from the electronics sector during the forecast period. Global Chemical Vapor Deposition (CVD) Market was valued at US $25.19 Billion in 2018 and is anticipated to reach US$53.24 Billion by 2026, growing at a CAGR of 9.83% from 2019-2026.
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Ankur Gupta, Head Marketing & Communications