New York, NY 8 Jan
2020: 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.
About Polaris Market Research
Polaris
Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business
research services for our clientele spread across different enterprises.
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Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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