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Chemical Vapor Deposition Market: Snapshot

Chemical vapor deposition (CVD) is a widely used material processing technology. It is a process employed to produce high-performance and high-purity solid materials. The technique is appropriate for the manufacture of powders, coatings, monolithic components, and fibers. This technique is often utilized in thin film applications. CVD is used to obtain 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.

Rising demand for microelectronics and semiconductor devices has driven the CVD market and the market is expected to grow in near future. As, the microelectronics industry segment is anticipated to emerge as a prominent and rapidly expanding industry segment of the global CVD equipment market. In the microelectronics industry, CVD equipment are used for wafer processing in the semiconductor industry, and for coating applications in the LED (light emitting diodes) manufacturing process.


chemical vapor deposition market


CVD Equipment Rising in Commercial Prominence due to Increasing Market Players

The chemical vapor deposition market has been segmented on the basis of category, application, and technology. Based on category, the market has been segmented into CVD equipment, CVD materials, and CVD services. CVD equipment accounted for a major segment of the CVD industry followed by CVD services, CVD materials. A number of CVD equipment manufacturers and distributors operate globally. Growth in end-use industries such as microelectronics and solar applications and coatings is estimated to drive the global market for CVD equipment.

Based on application, the market has been segmented into coatings, electronics, catalysis, and others. The coating segment is further split into optical coatings, protective coatings, and decorative coatings. Coating segment holds a major market share and is expected to expand in near future. Electronics application is split into microelectronics and optoelectronics. Based on technology, the market has been split into atomic layer CVD, laser induced CVD, organometallic CVD, plasma enhanced CVD, plasma assisted CVD, low pressure CVD, and others. The low-pressure CVD segment accounted for more than 25% of the global CVD market in 2016. Its share is estimated to increase by the end of the forecast period. Low pressure (LP) is used to decrease any unwanted gas phase reactions, and also increase the uniformity across the substrate.

Rising Industrialization in India and China Drives Demand in Asia Pacific

Asia Pacific held the largest share of the global chemical vapor deposition market in 2016 and is likely to rise to a valuation of more than US$12 bn by 2025, exhibiting a steady 8.10% CAGR through the 2017-2025 forecast period. Growth of the CVD market in the region is primarily ascribed to the development of electronics and semiconductor industries, especially in China. Rising industrialization and increasing number of end-use industry players in emerging economies such as India and China offers several untapped opportunities. Asia Pacific accounted for more than 35% of the global chemical vapor deposition market in 2016. It is also projected to be the fastest growing market during the forecast period due to the presence of developing economies and expansion in electronics industries. Evolving countries in Asia Pacific are the key consumers and producers of chemical vapor deposition.

The market share of North America and Europe in the global chemical vapor deposition market is also estimated to increase during the forecast period. The chemical vapor deposition market is still developing in Latin America, the Middle East, and Africa. The manufacturing, pharmaceuticals, and renewable energy industries in developing economies in the Middle East and Africa have been expanding. The region is gradually shifting from an oil-based economy toward infrastructure, tourism, and renewable energy sectors, leading to rising demand from the chemical vapor deposition market.

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.

Technological Advancements in Equipment and Techniques Boost Chemical Vapor Deposition Market

Chemical vapor deposition (CVD) synthesis and techniques have made some remarkable advances. It evolution as a material processing technology for range of substrates offers several advantages over physical vapour deposition methods, hence the rapidly growing uptake. For one, the deposition rates can be tuned and CVD boasts of a splendid conformality, paving way to manufacturing of high-end materials for the electronics and semiconductor industries. The adoption of carbon nanotubes and graphene for next-gen electronics has expanded the canvas for players in the CVD market. A case in point is the use of CVD synthesis for high-performance flexible transparent electrodes. Emerging techniques of substrate pretreatment and advances made in post-growth processes have added vigor to the revenue generation in the market. The demand also benefits massively from the favorable regulations pertaining to the use of low-dimensional materials for electronics manufacturing. Advancements made in CVD instrumentation have also boosted the market prospects of CVD. Concomitant advances made in the chemistry of new materials have opened up the market to new areas of revenue streams. The adoption of better gas delivery system has tellingly benefitted and improved CVD synthesis. Advancements made in thermal CVD process have also boosted the demand in key application areas.

The Covid-19 pandemic since it hit the world in 2019 has metamorphosed into a full-blown global crisis, triggering worldwide responses to combat the fallouts. The humanitarian crisis affected the economies on multiple levels, including reshaping financial flow, firm productions, industry growth dynamics, and many more. Many businesses from across all industries were forced to integrate new operating and strategic business models to maintain their bottom line. The pandemic and its emerging waves have not only changed the operating models of various manufacturing industries, including chemical vapour production application areas, but also realigned the course of product development in some sectors. This paved way to new ICT and automation technologies that act as drivers for unlocking new consumer propositions in these end-use industries.

Global Chemical Vapor Deposition Market: Overview

This report analyzes and forecasts the market for chemical vapor deposition at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2017 to 2025. The study includes drivers and restraints of the global chemical vapor deposition market. It also covers the impact of these drivers and restraints on demand for chemical vapor deposition during the forecast period. The report also highlights opportunities in the chemical vapor deposition market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global chemical vapor deposition market. Porter’s Five Forces model for the chemical vapor deposition market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Chemical Vapor Deposition Market: Segmentation

The study provides a decisive view of the global chemical vapor deposition market by segmenting it in terms of category, technology, and application. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for chemical vapor deposition in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report also covers demand for individual category, technology, and end-user segments in all the regions.

The report provides the estimated market size of chemical vapor deposition for 2016 and forecast for the next eight years. The global market size of chemical vapor deposition has been provided in terms of revenue. Market numbers have been estimated based on category, technology, and application segments of chemical vapor deposition market. Market size and forecast for each major category, technology, and application have been provided in terms of global and regional markets.

Global Chemical Vapor Deposition Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, webcasts specific to companies operating in the market, American Chemical Society, International Council of Chemical Associations, 4m Associations, and European Union. Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Global Chemical Vapor Deposition Market: Competitive Dynamics

The study includes profiles of major companies operating in the global chemical vapor deposition market. 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. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, recent developments, and SWOT analysis.

The report segments the global Chemical Vapor Deposition market as follows:

Category Analysis

  • CVD Equipment
  • CVD Services
  • CVD Materials

Application Analysis

  • Coatings
    • Optical Coatings
    • Protective Coatings
    • Decorative coatings
  • Electronics
    • Microelectronics
    • Optoelectronics
  • Catalysis
  • Others (Nuclear, etc.)

Technology Analysis

  • Atomic Layer CVD
  • Laser Induced CVD
  • Organometallic CVD
  • Plasma Enhanced CVD
  • Plasma Assisted CVD
  • Low Pressure CVD
  • Others

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA

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Chemical Vapor Deposition Market

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