New York, NY Dec 12 2019: The global chemical
vapor deposition (CVD) market size is
anticipated to reach USD 47.2 billion by 2026 growing at a CAGR of 8.1%,
according to a new study published by Polaris Market Research. The report “Chemical Vapor Deposition (CVD) Market Share, Size, Trends,
Industry Analysis Report By Category Type (Equipment, Services, and Materials);
By Technology Type (Plasma Enhanced CVD, Low Pressure CVD, Atomic Layer CVD,
Metal Organic CVD, and Others)]; By Application (Solar Products, Electronics,
Data Storage, Medical Equipment, and Others); By Regions, Segments &
Forecast, 2018 – 2026” provides a comprehensive analysis
of present market insights and future market trends.
Chemical vapor deposition is a vapor deposition
technology by which thin films are deposited on different types of substrates.
In a typical CVD, the substrate is exposed to one or more volatile precursors
which deposit on the substrate to produce the desired deposit. Advantages of
chemical vapor deposition include conformal thickness, high purity and a higher
deposition rate.
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Globally, a rising semiconductor industry and increase
in manufacture of electronic components for semiconductor devices is primarily
driving chemical vapor deposition market. The microelectronics industry runs
because of miniaturization of components which is the most arising need today.
This is achieved by marked chemical vapor deposition processes for achieving
homogenously thin films.
The increasing utilization of high-performance films
in solar panels is likely to propel growth in Chemical vapor deposition market
during forecast period. There is an increasing demand from electronics that is
driving the CVD market.
Mobiles,
PCs, smartphones and such electronic gadgets are penetrating market reach with
India and China at the top of growth. This technique is used for coating components
of electronic devices including integrated circuits, capacitors and resistors.
Semiconductor sales has increased at a fast pace in 2017
registering mammoth growth. Semiconductor sales will still multiply
with high demand existing for memory products. As semiconductors are the piece
de resistance in almost all electronic products, semiconductor technology is
likely to drive growth for chemical vapor deposition market most assuredly.
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Solar panel application is slated to grow at the
highest rate. The chemical vapor deposition (CVD) technology is widely used in
fabrication of solar cells. The usage spawns deposition of crystalline-silicone
solar cells to the deposition of range of different materials in high
performance film solar cells. The solar panel is expected to rise in
forthcoming years due to decline in cost of solar modules. The decline can be
mainly attributed to improvement in material efficiency, production
optimization and economies of scale. The Government across the globe has a plan
in place to propel growth of solar energy by introducing various investments
which in turn will drive growth of CVD equipment and materials.
Asia pacific is most likely the country of choice to
drive growth in Chemical Vapor Deposition Market. Here too electronics
manufacturing comes tops in Asia pacific markets and drives growth with
semiconductor devices, medical equipment, data storage and solar devices
creating uproar in the Chinese market. China is striving to vertically
integrate electronics manufacturing industry by initiating entry into global
semiconductor manufacturing industry. In 2015, China state council initiated a
market plan called Made in China 2025. The plan delves on high end
manufacturing innovation and intelligent manufacturing.
In March 2018, Oerlikon has announced to acquire
Sucotec AG, a Swiss manufacturer specializing in CVD for the tools. This
acquisition is likely to bolster the range of products and services provided by
Oerlikon Balzers which focuses on PVD (Physical Vapor Deposition and PACVD
(Plasma assisted chemical vapor deposition).
The key players in CVD market include Veeco
Instruments, Praxair Surface Technologies, Inc., Ulvac, Inc., IHI Corporation,
Applied Materials Inc., Adeka Corporation and CVD Equipment Corporation and Air
Liquide.
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