Overview and Scope
Chemical vapor deposition refers to a process in which a solid substance is deposited from a vapor by a chemical reaction that occurs on or near a typically heated substrate surface. It is used to develop a variety of coatings, powders, fibers, and monolithic parts.
Sizing and Forecast
The chemical vapor deposition market size has grown rapidly in recent years. It will grow from $35.29 billion in 2023 to $39.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to semiconductor industry growth, increased demand for high-performance coatings, energy storage and conversion applications, emerging optoelectronics market, expansion of the aerospace industry.
The chemical vapor deposition market size is expected to see rapid growth in the next few years. It will grow to $58.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rise in internet of things (iot) device, increased focus on quantum computing, medical device coatings, growing need for wear-resistant coatings, advancements in 2d materials. Major trends in the forecast period include advancements in ald-cvd hybrid technologies, increased application in aerospace and defense, shift towards remote plasma cvd, focus on sustainable and green cvd technologies, rise in 2d materials and nanotechnology applications.
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Segmentation & Regional Insights
The chemical vapor deposition market covered in this report is segmented –
1) By Category: CVD Equipment, CVD Services, CVD Materials
2) By Technology: Atomic Layer CVD, Laser Induced CVD, Organometallic CVD, Plasma Enhanced CVD, Plasma Assisted CVD, Low Pressure CVD, Other Technologies
3) By End-Use Type: Solar Products, Electronics, Data Storage, Medical Equipment, Other End-Use Types
Asia-Pacific was the largest region in the chemical vapor deposition market in 2023. North America is expected to be the fastest-growing region in the chemical vapor deposition market report during the forecast period. The regions covered in the chemical vapor deposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising semiconductor industry is significantly contributing to the growth of the chemical vapor deposition market going forward. A semiconductor is a material with special electrical properties that allow it to serve as the foundation for computers and other electronic devices. Chemical vapor deposition is used in the semiconductor industry to produce thin films and complex layered micro- and nanostructures. For instance, according to the Semiconductor Industry Association (SIA), a US-based trade association and lobbying group that represents the United States semiconductor industry, global semiconductor industry sales increased by 3.2 percent from $555.9 billion in 2021 to $573.5 billion in 2022. Therefore, the rising semiconductor industry will drive the chemical vapor deposition market.
Key Industry Players
Major companies in the chemical vapor deposition market are focused on the introduction of innovative coating materials to offer advanced products in industrial and automotive steel machining and strengthen their position in the market. Machining is a manufacturing process that involves removing layers from a workpiece in order to produce products, parts, and designs. For instance, in May 2023, KYOCERA Corporation, a Japan-based ceramics and electronics manufacturing company, launched two new chemical vapor deposition (CVD) coating materials, CA115P and CA125P, for turning insert grades used in industrial and automotive steel machining. The extended tool life produced by the new coating technologies is due to their high level of wear and fracture resistance. Through industry-leading uniformity in alumina crystal orientation, new technology offers 1.5x better wear resistance.
The chemical vapor deposition market report table of contents includes:
1. Executive Summary
2. Chemical Vapor Deposition Market Characteristics
3. Chemical Vapor Deposition Market Trends And Strategies
4. Chemical Vapor Deposition Market – Macro Economic Scenario
5. Global Chemical Vapor Deposition Market Size and Growth
…
31. Global Chemical Vapor Deposition Market Competitive Benchmarking
32. Global Chemical Vapor Deposition Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Chemical Vapor Deposition Market
34.Chemical Vapor Deposition Market Future Outlook and Potential Analysis
35. Appendix
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