Market Research Report
Chemical Vapor Deposition (CVD) Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||708607|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Chemical Vapor Deposition (CVD) Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: April 1, 2019||Content info: 110 Pages||
The market for Chemical Vapor Deposition (CVD) is anticipated to register a CAGR of 7.92% during the forecast period 2019-2024. Chemical Vapor Deposition (CVD) is a deposition method that is used for producing high quality and high-performance solid materials, typically under vacuum. The process is often used in the semiconductor industry for producing thin films, and goes into various segments such as smartphones, PC's, tablets and other medical electronics.
Increasing Demand from the Power Industry
Asia- Pacific region to dominate the Market
In Asia-Pacific, China is the largest economy, in terms of GDP. The annual growth rate of Chinese GDP was 6.7% in 2017 and 6.6% in 2018. This growth is expected to be stable despite the trade disturbance in early 2019. The economic growth in the country remains high, owing to the increasing interest of investors to invest in China. China is one of the fastest growing economies globally and almost all the end-user industries are growing owing to the rising population, living standards and per capita income. Chemical Vapor Deposition (CVD) is primarily used in manufacture of thin sheets used in semiconductors, solar cells, LED lights and other electrical appliances. Apart from these applications, CVD is also used for applying coatings of materials such as diamond to impart desired properties to cutting tools. China is the largest market in terms of production and consumption of semiconductors in Asia-Pacific region. According to World Semiconductor Trade Statistics (WSTS), China accounted to 32% of global sales of semiconductors in 2017. China is becoming the prime location for investments in production of mobiles, laptops and other electrical appliances. Global major manufacturers had invested a large capital in the market of China to cope up with the upcoming demand surge in future. This is expected to drive the Asia-Pacific's dominance during the forecast period.
The chemical vapor deposition (CVD) market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the chemical vapor deposition (CVD) market include Veeco Instruments, Inc., Ulvac, Inc., IHI Corporation (Ionbond), Applied Materials Inc., Adeka Corporation, and CVD Equipment Corporation, among others.