Chemical vapor deposition (CVD) is a chemical process used for the production of solid materials with high purity and high performance. It involves deposition of a thin solid powder, fiber, monolithic component, and coating over plastic or metal surfaces. CVD materials are used for several applications such as data storage, cutting tools, solar products, microelectronic components, and medical equipment. Increasing applications across different end-user industries will fuel the adoption of the chemical vapor deposition technology.
CVD Equipment to Command Substantial Revenue Share through 2025
CVD can be categorized into equipment, services, and materials. CVD equipment was the leading segment in terms of revenue in 2016. This equipment plays a vital role in the manufacturing of high-performance thin solid coatings. Spiraling demand for these coatings for optical, chemical, and mechanical operations in various industrial manufacturing verticals is contributing to the growth of the segment. The high quality of deposition films obtained through the equipment will keep its demand strong through 2025.
CVD services can be the fastest growing segment between 2017 and 2025. These services refer to incorporation of technologies such as hot-wire chemical vapor deposition (HWCVD), combustion (CCVD), and plasma enhanced (PECVD). Rapid technological advancements are likely to supplement the growth of the segment. Besides this, extensive R&D is paving way for novel and innovative technologies, which in turn can support segment growth. For instance, recently, researchers from Japan developed a novel CVD method to produce graphene at temperatures as low as 50oC using a molten gallium catalyst and a dilute methane vapor source.
Market Insights
A report by Grand View Research, Inc. indicates that the global chemical vapor deposition (CVD) market is projected to amount to USD 48.01 billion by the end of 2025. The semiconductor industry is one of the key end users of CVD. Therefore, flourishing growth of the industry can stoke market growth. Proliferation of electronic products such as laptops, mobiles, and storage devices is escalating the use of semiconductors, thereby providing a fillip to the market. Rising consumer preference for modern and durable electronic devices can positively influence the market.
Asia Pacific is expected to dominate the market throughout the forecast period (2014 to 2025). Presence of well-established electronics manufacturing base in countries, including Taiwan, South Korea, and China is driving the market in the region. Some of the key players in the global arena are Intevac, Inc.; CVD Equipment Corporation; Aixtron SE; Plasma-Therm; and Richter Precision Inc.
In-Depth Research Report On Chemical Vapor Deposition (CVD) Market:
https://www.grandviewresearch.com/industry-analysis/chemical-vapor-deposition-cvd-market
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