Chemical Vapor Deposition (CVD) Market Report

Chemical Vapor Deposition (CVD) Market Analysis By Category, By Applications (Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment), By Region, And Segment Forecasts, 2014 - 2025

Published: August 2017  |  79 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-997-5

Industry Insights

The global chemical vapor deposition (CVD) market size was valued at USD 20.81 billion in 2016 and is expected to grow significant significantly over the forecast period. CVD films are used for various applications such as in microelectronics components, data storage, solar products, cutting tools, medical equipment and few other end-use applications. Increasing application of the technology for several end-uses is expected to be the major driving factor for this industry. 

Chemical vapor deposition is a chemical progression utilized for the production of high performance high purity solid materials. It includes a deposition process of a high performance thin solid coating, fibers, powders and monolithic components over metal or plastic surfaces of numerous products. There are many precursors/materials that are deposited in solid form on the surface and the choice of precursor depends upon the type of application for which the deposition film is made. This technology further has been categorized into plasma enhanced (PECVD), combustion (CCVD), and hot-wire chemical vapor deposition (HWCVD).

U.S. CVD market revenue, by category, 2014 - 2025 (USD Million)

U.S. CVD market

The tremendously rising demand for the technology in microelectronics such as mobiles, laptops, storage devices, and other electronic products has positively affected the market. Constructive regulatory support for private investments at the domestic level, in countries like Mexico, is also likely to drive this market over the forecast period.

The increased consumer demand in Europe and Asia Pacific for extending the longevity of end-use products using metallic coatings and for various surface-related properties such as magnetic, optical, electronic, and catalytic as well as the shifting consumer preference towards modern, durable, and reliable electronic gadgets have led to augmented usage of CVD equipment and services. Use of high performance thin films in solar panels and PV devices makes solar energy production one of the fastest developing sectors for the CVD market globally. 

Various guidelines framed by EPA and OSHA such as regulation 1191/2014”3 & regulation 2068/2015 respectively, which relate to the traditional electroplating process in economies such as Europe and U.S. are expected to augment demand for the technology in the next eight years. High capital investment for the technology and regulations regarding emission of F-gases by use of some precursors are the key restraining factors for the market.

Category Insights

CVD equipment was the largest category with revenue estimates of around USD 12 billion in 2016. This equipment plays a major role in manufacturing of high performance thin solid coatings. The coatings have numerous use in several operations including chemical, optical and mechanical operations in various industrial manufacturing processes.

Chemical vapor deposition equipment holds the major share of the overall market as it plays a significant role for the end-use application and helps in producing numerous types of solid film deposition. The industrial services include incorporation of various other chemical vapor deposition processes such as vacuum, atom layering, plasma, and combustion CVD. 

Chemical Vapor Deposition materials have fueled the growth of the overall market due to growing demand for optical, electronics, medical equipment and industrial applications of advanced mono-structured coatings for as tooling, high-speed machining and magnetic storage devices. There are types of precursors for CVD material process, which are used depending upon the time of application. 

CVD services are anticipated to be the fastest growing category in the industry. These services comprise the incorporation of several technological processes and advancements including plasma enhanced, vacuum and hot-wire vapour deposition.  

Application Insights

Microelectronics is anticipated to be the largest application sector in the industry by 2025, with an overall share of over 15% in the same year. Application of this technology for coating components of electronic devices such as integrated circuits, capacitors and resistors lead to enhanced product cycle. These characteristics of chemical vapor deposition coatings is expected to augment significant demand for this technology over the forecast period. 

Tremendously growing demand from microelectronics industry products such as mobiles, laptops, storage devices and other electronic products has positively affected the growth of this vapor deposition technology market.

Medical equipment application sector was the fastest growing segment in 2016 with CAGR of over 11% from 2017 to 2025, owing to increased government expenditure in equipment for medical sector in developing countries such as India and China. Data storage devices is the second largest application segment for this industry due increased usage of electronic devices.

Global CVD market volume share, by application, 2016 (%)

Global CVD market

Regional Insights

Asia Pacific dominated the industry with revenue estimates of around 9 billion in 2016, and is anticipated to continue so over the forecast period. Tremendously growing demand from the end-use industries makes Asia Pacific a global leader in the industry. Semiconductor, medical equipment, data storage & solar devices are the major end-use sectors driving this regional market.

Also, a well-established electronics manufacturing base in China, Taiwan, and South Korea shall provide further impetus for the market growth. Growing economies, rapid urbanization, burgeoning electronic products manufacturing ecosphere are supporting the growth of the regional market in Asia Pacific. Countries such as China, India, Vietnam, Indonesia and the Philippines are also witnessing a rapid economic growth and offer a lucrative opportunity for CVD technology licensors.

The European chemical vapor deposition market is expected to show prospective growth over the next few years owing to growing demand for high durability products from applications that employ a metallic-layer solid coating on product surfaces to increase the life span.

North America is the second leading region in 2016. Productive governmental regulatory support for encouraging domestic level private investment in the region is likely to boost the regional semiconductor industry, which in turn is expected to drive the North American chemical vapor deposition industry during the forecast period.

Competitive Insights

The industry is dominated by key players and is highly fragmented in nature. Some of the leading manufacturers such as Veeco Instruments, Inc., Ulvac, Inc., IHI Corporation, Applied Materials Inc., Tokyo Electron Limited and Adeka Corporation accounted for a market share of over 70% in 2016 due to high demand from end users and advancements in R&D. 

The competitive growth parameters for this industry include product innovations and technology upgradation among companies for manufacturing high performance thin solid films. Thus, the key companies undertake frequent product innovations with respect to the industry dynamics and consumer demand.

Some other players include CVD Equipment Corporation, Lam Research Corporation, Intevac, Inc., Aixtron SE, ASM International NV, Richter Precision Inc. and Plasma-Therm. Key players in the market are focusing on increasing their market share along with profitability through product innovations.

Report Scope 

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, France, U.K., China, India, Japan

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Global Chemical Vapor Deposition (CVD) market on the basis of category, applications and region:

  • Category Outlook (Revenue, USD Million, 2014 - 2025)

    • CVD Equipment

    • CVD Materials

    • CVD Services

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Microelectronics

    • Data Storage

    • Solar Products

    • Cutting Tools

    • Medical Equipment

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • France

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

    • Middle East & Africa 

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