The global chemical vapor deposition (CVD) market is expected to reach USD 48.01 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing demand from semiconductor industry has been a major factor driving industry growth. Also, growing consciousness regarding the benefits of these products along with consumer preference for modern and durable electronic devices has resulted in increased utilization CVD coatings in various applications.
CVD technology is employed for producing high-performance solid materials mainly to manufacture thin films for the semiconductor industry. In this process, the wafer/substrate comes in contact with a volatile precursor that reacts to form different types of deposits such as pyrolytic coatings, also referred to as hard coatings.
CVD coatings are generally deposited at higher temperatures and exhibit strong adhesion to glass surfaces. The volatile precursors for the process include halides (TiCl4, TaCl5, WF6), hydrides (SiH4, GeH4, and ammonia), metal organic compounds (metal alkyls/alkoxides/ dialylamides/diketonates/carbonyls), and others (ligands and complexes).
In the current scenario, industry players are focusing on developing processes for hybrid thin inorganic-organic deposition films to lower the production costs, thereby driving the semiconductor industry. This trend has led to increased and tighter supply of titanium compounds in compliance with environmental norms.
CVD equipment was the largest category in 2016 and is expected to maintain a relatively average growth rate over the forecast period owing to good quality of deposition films obtained from the equipment. CVD services segment is the fastest growing chemical vapor deposition segment owing to technological advancements in technologies such as plasma enhanced process, hot-wire and combustion based.
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Further key findings from the report suggest:
The global CVD market was valued at 20.8 billion in 2016 and is expected to grow at a CAGR of 9.8% from 2017 to 2025
In application segment, microelectronics was the largest consumption center in 2016 and is estimated to reach a net worth exceeding USD 17.90 billion by 2025
The Asia Pacific chemical vapor deposition market was the largest in 2016 and is anticipated to follow the same trend over the forecast period, owing to number of developments from end-use industries across major economies
The technology demand in the solar products (PV modules and solar cells) segment was valued over USD 390 million in 2016
These technologies are classified on the basis of operating pressure, physical characteristics of vapor and plasma enhanced chemical vapor deposition
Key players including Veeco Instruments, Inc., Ulvac, Inc., IHI Corporation, Applied Materials Inc. Tokyo Electron Limited and Adeka Corporationdominates the global market in 2016 with major market share.
Grand View Research has segmented the global Chemical Vapor Deposition (CVD) market on the basis of equipment & services, application and region:
Equipment & Services Outlook (Revenue, USD Million, 2014 - 2025)
Application Outlook (Revenue, USD Million, 2014 - 2025)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
Central & South America
Middle East & Africa
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