Chemical Vapor Deposition (CVD) Market Analysis Report By Category, By Applications, By Region And Segment Forecasts From 2018 To 2025

Industry Insights

The global chemical vapor deposition (CVD) market size was worth USD 20.81 billion in the year 2016 and is predicted to grow significantly over the forecast period. CVD films serve in different applications like data storage, cutting tools, solar products, medical equipment, and many other applications. These applications of CVD products have led to a boost in industry growth.

Chemical vapor deposition is a chemical development used for the creation of superior performance and purity of solid items. The process of deposition includes powders, monolithic elements, and thin solid coating fibers over plastic or metal surfaces of various products. Various precursors are placed in solid form over the plane and the type of material is dependent on the category of application for which the film is formed. This technology has also been sort into combustion (CCVD), hot-wire chemical vapor deposition (HWCVD), and plasma-enhanced (PECVD).

The rapid increase in the demand for the technology in storage devices, laptops, mobiles, and few other microelectronic products has significantly contributed to the market growth. Regulatory policies for private investments at a ground level, in economies like Mexico, are, further, expected to accelerate the market in the near future.

The rising demand in regions like the Asia Pacific and Europe for increasing the durability of end-use items consisting of metallic coatings and other surface-related features like optical, catalytic, magnetic, and electronic along with the consumers’ inclination towards durable, reliable, and modern electronic gadgets has resulted in the surging adoption of CVD services. The demand for better performance thin films in PV devices and solar panels results in solar energy production among the fastest growing sectors for this market across the globe.

Several guidelines established by OSHA and EPA like regulation 2068/2015 & regulation 1191/2014”3 respectively, regarding the conventional electroplating process in countries like the U.S. and Europe region, are anticipated to drive the demand for the technology in the coming eight years. Extensive capital spending on the regulations and technology relating to the emission of F-gases with the help of a few precursors are the major factors for market growth.

Category Insights

CVD equipment accounted for the largest revenue worth USD 12 billion in 2016. CVD equipment plays a significant role in producing high-performance thin solid coatings. These coatings have various applications in numerous optical, mechanical, and chemical operations in manufacturing processes.

The dominance of CVD equipment is attributed to its use in end-use applications and the manufacturing of various types of solid film deposition. Incorporation of different other CVD processes like atom layering, combustion CVD, vacuum, and plasma are some of the industrial services.

Chemical Vapor Deposition items have surged the growth of the market owing to the rising demand for electronics, optical, and industrial applications of superior mono-structured coatings as high-speed machining, magnetic storage devices, and tooling. CVD services also consist of the incorporation of various technological processes and developments like plasma-enhanced, hot-wire vapor, and vacuum deposition.

Application Insights

Microelectronics is expected to be the largest sector in the chemical vapor deposition (CVD) market over the forecast period with a share expected to be above 15% by 2025. The use of the technology in coating parts of electronic devices like capacitors, resistors, and integrated circuits results in an efficient production cycle. These features of CVD coatings are anticipated to fuel the demand for this technology in the upcoming years.

The rapid growth in the demand for vapor deposition technology from the electronic industry products like laptops, mobiles, and storage devices has had a favorable impact on market growth.

The medical equipment sector grew at the fastest pace in 2016 and is expected to register a CAGR exceeding 11% over the projected period. The growth is attributed to the extensive government spending on equipment in the medical sector among countries like China and India. Data storage devices held the second position in the growing chain owing to the higher adoption of electronic devices.

Regional Insights

The Asia Pacific held the largest revenue estimate of approximately 9 billion in 2016 and is expected to maintain its growth by 2025. The rapid demand from the end-use industries has made the Asia Pacific a world leader in the industry. Some of the key end-use sectors of the regional market include medical equipment, semiconductor, data storage & solar devices. Moreover, urbanization and an established electronics production base in South Korea, Taiwan, and China will provide a boost to market growth. Countries like India, Vietnam, the Philippines, China, And Indonesia are further, experiencing a surge in economic growth and provide new avenues for technology license holders.

Europe is expected to witness significant growth in the near future due to the rising demand for durable products that consist of metallic-layer solid coating over product exteriors to expand their lifecycle.

North America accounted for the second leading regional market in 2016. Favorable government regulations for private investments are expected to provide impetus to the regional semiconductor market. Thus providing a boost to the chemical vapor deposition industry in the region.

Chemical Vapor Deposition Market Share Insights

The key players include Ulvac, Inc., Veeco Instruments, Inc., IHI Corporation, Tokyo Electron Limited, Adeka Corporation, and Applied Materials Inc. These companies held an overall market share of above 70% in 2016 owing to the surging demand from end-users.

Industry participants predominantly emphasize technological up-gradation and product innovation for producing high-performance thin solid films. Few other market participants include Lam Research Corporation, CVD Equipment Corporation, Intevac, Inc., ASM International NV, Aixtron SE, Plasma-Therm, and Richter Precision Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the Global Chemical Vapor Deposition market on the basis of category, applications, and region:

• Category Outlook (Revenue, USD Million, 2014 - 2025)
    • CVD Equipment
    • CVD Materials
    • CVD Services

• Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Microelectronics
    • Data Storage
    • Solar Products
    • Cutting Tools
    • Medical Equipment
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • France
        • U.K.
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa