Published: Jan, 2018
The global chemical vapor deposition market has tremendous scope for growth and development in the coming years. This can act as the driving force for new players to enter the market and utilize the attractive commercial opportunities resting in the market. The established market players are expected to resort to key business strategies in order to expand their consumer base. To attain regional market territories, it is important for market players to penetrate into the various local pockets. Hence, the market players are expected to acquire emerging local players to pervade across several regional markets. The contemporary market players include Oxford Instruments, Dynavac, ULVAC Inc., Singulus Technologies AG, Mustang Vacuum Systems, IHI Corporation, Veeco Instruments Inc., and Tokyo Electron Limited.
Transparency Market Research (TMR) estimates several growth indicators for the market to project its growth path over the period from 2017 to 2025. The market was valued at US$16,449.8 mn in 2016 and is anticipated to touch a value of US$32,441.5 mn by 2025. This reflects a robust growth over the forecast period, and the CAGR during the period is expected to settle at 7.7%. Based on category, the CVD equipment is expected to exhibit affluent demand over the forecast period. On a geographical footing, the market is anticipated to be dominated by Asia Pacific where the major chunk of demand comes from India and China. The escalating demand for microelectronic applications across China has also prompted large-scale manufacturing of CVD products in the region. In 2016, 35% of the total market share was occupied by Asia Pacific.
Need to Immune Equipment from Wear and Tear Propels Demand
Chemical vapor deposition (CVD) has an expansive utility across several industrial and commercial processes, which bolsters the demand within the market. Wear-resistant coatings can be effectively forged with the use of CVD and a number of industries use these coatings. Other types of coatings that can be provided by CVD are water-resistant coatings, heat-resistant coatings, and corrosion-resistant coatings. The damage caused to equipment due to corrosion, hydro-effects, and excessive heat can incur huge expenses for industrial units. Hence, coatings made of CVD spur in popularity across multiple industries, which accelerates market growth. CVD is also used for fabricating materials made up of metal matrix composites and ceramics. This furthers the employability of CVDs, thus, creating immense opportunities for market players. Microelectronics is another emerging domain that finds the use of CVD in processing semiconductor wafers and in the manufacturing of LEDs. At the helm of all of the aforementioned factors is the rapid industrialization that has taken swing across the globe. As industries become more preventive of infrastructural damage, the market is projected to gain affluence.
Asia Pacific to Offer Lucrative Growth Opportunities
On a geographical footing, the market can be segment into Europe, The Middle East and Africa, Asia Pacific, North America, Europe, and Latin America. The market in Asia Pacific is expected to grow at a CAGR of 8.10% over the period from 2017-2025. The electronics and semiconductor industry has flourished across the region which has led to its prominence. There are lucrative opportunities resting in the region and the global market players are expected to plunge into the market. North America and Europe have also been key regions offering commendable growth opportunities on account of the growth of industries such as pharmaceuticals, manufacturing, and renewable energy. In the Middle East and Africa, the economy is shifting form oil and gas towards infrastructure, energy, tourism, thus, attracting demand for CVD.
The review is based on a report by Transparency Market Research titled, “Chemical Vapor Deposition Market (Category - Equipment, Services, and Materials; Application - Coating, Electronics, and Catalysis) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”
The market is segmented along the following lines:
The report segments the global chemical vapor deposition market as follows:
Chemical Vapor Deposition Market: Category Analysis
- CVD Equipment
- CVD Services
- CVD Materials
Chemical Vapor Deposition Market: Application Analysis
- Optical Coatings
- Protective Coatings
- Decorative coatings
- Others (Nuclear, etc.)
Chemical Vapor Deposition Market: Technology Analysis
- Atomic Layer CVD
- Laser Induced CVD
- Organometallic CVD
- Plasma Enhanced CVD
- Plasma Assisted CVD
- Low Pressure CVD
Chemical Vapor Deposition Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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