The global chemical vapor deposition market size was estimated at USD 20,640.09 million in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 8.9% from 2023 to 2030. The rapid development in technology facilitating the increasing use of chemical vapor deposition (CVD) process in several applications is expected to majorly drive the market growth over the forecast period. The outbreak of COVID-19 had a negative impact on the global chemical vapor deposition market. The pandemic resulted in setback in industrial manufacturing along with the disruption in supply chain and lack of workforce availability. Over the forecast period with resumption of manufacturing and active vaccination the market is expected to recover and witness strong growth.
The U.S. government is actively focusing on growing domestic manufacturing and with respect to that introduced Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength (COMPETES) Act in January 2022. This act is expected to provide investment for domestic semiconductors manufacturing and scientific research & developments activities. Additionally, developments in the semiconductor industry across the globe is also likely to boost the chemical vapor deposition market over the forecast period. CVD is used for the fabrication of the semiconductor which deposits thin film of coating materials. The expansion of semiconductor manufacturing in Asia Pacific is expected to boost the demand for chemical vapor deposition.
Furthermore, CVD technology is utilized in the solar cell manufacturing with the deposition of different materials in thin film. The rising greenhouse gas emission and increased importance of renewable energy sources is driving the demand for solar cell manufacturing. This is expected to drive the chemical vapor deposition market growth over the forecast period. Moreover, growing medical field and rising technological development is expected to drive the growth of the chemical vapor deposition market over the forecast period. CVD technology finds application in the medical field where tools and implants are coated with functional coatings that entails the performance and biocompatibility.
The global chemical vapor deposition market was dominated by the CVD equipment segment, accounting for 65.6% revenue share in 2022. Chemical vapor deposition equipment consists of equipment and tools which includes various types of CVD; plasma CVD, low pressure CVD, high temperature CVD and atomic layer deposition. The CVD equipment plays significant role in the deposition process of the metal precursors, dielectrics, and silicon for various end use industries. In addition, CVD precursors delivery equipment such as containers, vacuum pumps, and gas supply plays vital role. The expansion of end use manufacturing facilities is likely to drive the growth of the CVD equipment segment.
Chemical vapor deposition services segment is expected to witness significant growth with a CAGR of 9.6% over the forecast period. The chemical vapor deposition services market comprises of several technological process including plasma, low pressure, high temperature, and atomic layer deposition. Atomic layer deposition technology is gaining momentum attributed to the excellent coating qualities. CVD materials segment is anticipated to register promising growth over the forecast period attributed to the increasing demand for coating application from several end use industries. CVD materials consists of different metal precursors, dielectric compounds, and silicon precursors and witnessing growing demand from new opportunities from aerospace and medical industry.
The semiconductor & microelectronics segment held the largest market share, accounting for 60.3% share in 2022. This is attributed to the significant application of CVD coating during fabrication of semiconductors, internal circuits and chip manufacturing. The growth of the electronic devices industry is driving the demand for semiconductors and microelectronics and subsequently boost market growth. The medical industry is rapidly growing at the advent of increasing technological innovation and development. Moreover, rising healthcare spending is also driving the need of medical devices and equipment. CVD is used to coat the medical implants and tools with functional coating that has increased efficiency and biocompatibility.
The solar products segment is expected to witness the significant CAGR of 9.5% over the forecast period. Rising social awareness regarding environmental impact of greenhouse gas emission is creating high demand for renewable energy resources. Photovoltaic cells production and installation is expected to witness strong growth which is expected to drive the growth of the market. Additionally, aerospace industry is also expected to drive the growth of the CVD market. In aerospace industry, CVD is used to deposit aluminide or chromide coatings for protection of jet engine blades and other components. The growth in the aerospace industry is likely to boost the growth of the CVD market over the forecast period.
The Asia Pacific led the global chemical vapor deposition market with a revenue share of 51.8% in 2022. Countries such as China, Japan, and Taiwan are prominent countries in fabrication of semiconductors and other microelectronics across the world. The higher market share is mainly attributed to the higher demand from the end use industries.
North America is expected to register a substantial growth with a CAGR of 8.8% over the forecast period. The growth is attributed to the rapid industrialization and investments in manufacturing in Canada and Mexico. Moreover, U.S. government agenda to drive domestic manufacturing is anticipated to increase the demand of CVD equipment and materials over the forecast period.
Energy crisis in Europe is expected to have promising effect and shift in the preference strongly from non-renewable to renewable sources. Hence, solar cells demand as well as production is expected to experience a boost over the forecast period. This is likely to drive the regional as well as global CVD market growth. Industrial development and rising foreign investment in India are driving the manufacturing sector rapidly. The country is anticipated to present promising opportunities for the growth of the CVD market. For instance, in September 2022, ISMC Digital announced investment of USD 3 billion for semiconductor fabrication plant in India.
The key players are actively focusing on several strategies, including research & development, product innovation, geographical expansion, and joint venture. With these strategies, key players aim to target new customers from end use industries and to increase market penetration. For instance, in November 2022, CVD Equipment Corporation received USD 3.7 million aerospace order for production coating system; chemical vapor infiltration system. The system will be used to deposit ceramic composite materials for gas turbine engines and other components. Some of the prominent players in the global chemical vapor deposition market include: Some prominent players in the chemical vapor deposition market include:
CVD Equipment Corporation
Tokyo Electron Limited
IHI Corporation
Veeco Instruments Inc.
ASM International NV
Plasma Therm LLC
Applied Materials Inc.
Oerlikon Group
Voestalpine AG
ULVAC Inc.
Aixtron SE
Taiyo Nippon Sanso Corporation
LPE
Nuflare Technology Inc.
RIBER
Report Attribute |
Details |
Market size value in 2023 |
USD 22,345.58 million |
Revenue forecast in 2030 |
USD 40,731.24 million |
Growth Rate |
CAGR of 8.9% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2018 - 2021 |
Forecast period |
2023 - 2030 |
Quantitative units |
Revenue in USD Million and CAGR from 2023 to 2030 |
Report coverage |
Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends |
Segments covered |
Category, application, and region |
Regional scope |
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa |
Country Scope |
U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, South Africa, UAE |
Key companies profiled |
CVD Equipment Corporation; Tokyo Electron Limited; IHI Corporation; Veeco Instruments Inc.; ASM International NV; Plasma Therm LLC; Applied Materials Inc.; Oerlikon Group; Voestalpine AG; ULVAC Inc.; Aixtron SE; Taiyo Nippon Sanso Corporation; LPE; Nuflare Technology Inc.; RIBER. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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 2018 to 2030. For the purpose of this study, Grand View Research has segmented the chemical vapor deposition market on the basis of category, application, and region:
Category Outlook (Revenue, USD Million; 2018 - 2030)
CVD Equipment
CVD Materials
CVD Services
Application Outlook (Revenue, USD Million; 2018 - 2030)
Semiconductor & microelectronics
Data Storage
Solar Products
Cutting Tools
Medical Equipment
Other
Regional Outlook (Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
UAE
b. The global chemical vapor deposition market size was estimated at USD 19.1 billion in 2021 and is expected to be USD 20.64 billion in 2022
b. The chemical vapor deposition market, in terms of revenue, is expected to grow at a compound annual growth rate of 8.9% from 2022 to 2030 to reach USD 40.7 billion by 2030
b. Asia Pacific accounted for a significant market revenue share of 43.2% in 2021, which is attributed to the high demand from semiconductor fabrication, solar photovoltaics, and other manufacturing industry
b. Some of the key players operating in the chemical vapor deposition market include: CVD Equipment Corporation, Tokyo Electron Limited, IHI Corporation, Oerlikon Group, and Applied Materials Inc.
b. Key factors driving the chemical vapor deposition market is rising consumer electronics usage, increasing developments in medical equipment, and growing demand for solar renewable energy source
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
ISO Certified
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
The exponential spread of COVID-19 worldwide has had an adverse impact on the semiconductor industry with manufacturing facilities temporarily shut, leading to a significant slowdown in the production. The outbreak could result in disruption across the ecosystem with several supply chain participants shifting their production facilities outside China, thereby reducing their over-reliance on China. Lockdowns imposed by the governments in the wake of the Covid-19 outbreak has not only affected manufacturing but also hauled consumer demand for semiconductor devices. Our analysts predict a decline in semiconductor revenue by over 1% in 2020 as compared to that in 2019. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.