PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358100
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358100
The global atomic layer deposition Market was valued at US$ 2.03 Bn in 2023, exhibiting a CAGR of 13.1% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 4.81 Bn by 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 2.03 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 13.10% | 2030 Value Projection: | US$ 4.81 Bn |
Atomic layer deposition is used in the production of integrated circuits (ICs), various components and devices such as semiconductor devices and electronic components, and industrial applications. The growing demand for semiconductor devices in industries like consumer electronics, industrial equipment, automotive products, and healthcare equipment is driving the silicon wafer market and atomic layer deposition equipment demand.
As cosmetics witness higher demand, demand for atomic layer deposition increases, particularly as people try to move to nonpetroleum-based products. A strong focus on personal grooming and good hygiene is propelling the cosmetics market's growth, which in turn is driving the global atomic layer deposition market growth. Atomic layer deposition acts as nonpetroleum product alternatives for the cosmetics and personal care industries, which is expected to drive the global atomic layer deposition market's growth.
Atomic layer deposition is widely used for conformal coatings in solar cells and devices. Hence, the rise in demand for solar devices is expected to drive target market growth over the forecast period. Furthermore, the high growth of the solar energy industry is also driven mainly by increasing photovoltaic device (PV) installations.
Key market players are focusing on product launches, product expansions, mergers, acquisitions, and partnerships in order to expand their businesses in the market. For instance, in February 2020, Forge Nano, a global leader in surface engineering and precision nano-coating technology, and ALD NanoSolutions, Inc., merged to bring cutting-edge surface engineering techniques to the atomic layer deposition market. ALD NanoSolutions, Inc. is a manufacturer of advanced materials that are transforming industries.