Chemical Vapor Deposition (CVD) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players_Market.webp "Chemical Vapor Deposition (CVD) Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Chemical Vapor Deposition (CVD) Market Analysis
The chemical vapor deposition (CVD) market is anticipated to register a CAGR of around 10% during the forecast period.
In 2020, COVID-19 had a highly negative impact on the global chemical vapor deposition market owing to the decline in sales of electronic products. However, the upsurge in production of electronic goods is expected to boost the adoption of the CVD technique post-pandemic.
- Rising demand in microelectronics applications and the increasing use of high-performance films in solar panels are the major factors driving the market.
- High capital investment for CVD technology is likely to hinder the market's growth.
- The future development of the initiated chemical vapor deposition technology is projected to act as an opportunity for the market.
- Asia-Pacific was the biggest market for chemical vapor deposition, and it is expected to grow at the fastest rate. China is the largest consumer of CVD within the region.
Chemical Vapor Deposition (CVD) Market Trends
Increasing Demand from the Electronics Industry
- CVD is one of the most important ways to make thin films of semiconductors, conductors, and insulators, which are the three types of electronic materials.
- CVD is a key part of designing and making advanced electronic conductors and insulators, as well as structures like diffusion barriers and substrates with high thermal conductivity (heat sinks).In order to produce conductors and insulators, CVD uses a variety of materials, including titanium nitride, silicon nitride, silicon oxide, diamond, and aluminum nitride.
- Aluminum has long been the metal of choice for electrical conductors in semiconductor devices. It is easily evaporable and can undergo CVD processing at a low temperature.
- Copper is intrinsically a better metal than aluminum for the metallization of ICs. The development of CVD copper for semiconductor metallization has been on a considerable scale in recent times.
- Researchers in Japan have found that sub-quarter-micron copper interconnects can be made using metallo-organic chemical vapor deposition (MOCVD) followed by chemical mechanical polishing. This can be done on a large scale.
- CVD copper is in direct competition with sputtering, which is still the best way to make copper right now. The most likely CVD applications of superconductors to reach the practical stage are coatings for semiconductors and other electronics-related applications. The semiconductor industry is shifting massively from aluminum to copper for chip metallization.
- Also, thin films of electrical insulators are important parts of making and designing electronic parts. Silicon oxide (SiO2) and silicon nitride (Si3N4) are two of the most common materials used as insulators. The production of these materials by CVD is extensive.
- According to the Semiconductor Industry Association (SIA), the global semiconductor industry's sales totaled USD 574.1 billion in 2022. Semiconductors are crucial components of electronic devices, and the industry is highly competitive.
- Intel and Samsung Electronics are two of the biggest companies that make semiconductor chips. In 2022, Intel will make 58.4 billion USD and Samsung will make 65.6 billion USD in semiconductor sales.
- Furthermore, the retail revenue from consumer electronics sales in the United States is expected to reach close to USD 505 billion by the end of 2022, recording a growth rate of almost three percent.
- Because of this, CVD is likely to become more popular in electronic applications in the coming years.
Asia- Pacific Region to Dominate the Market
- In Asia-Pacific, China is the largest economy in terms of GDP.
- The country's reliance on coal to meet its energy needs has started to wear off, and now the government has started to close mines and restrict the construction of new coal power plants in recent years, particularly in heavily populated areas. Nevertheless, the coal sector still accounts for 59% of the total electricity consumption in the country.
- The solar energy sector of the country is mainly driven by huge-scale production and learning curve effects. The government is focused on mitigating urban air pollution and enhancing energy security and resilience by positioning the nation as the world's leading supplier of clean energy technologies of the future.
- The top three global solar PV manufacturing companies, such as JinkoSolar, JA Solar, and Trina Solar, are all headquartered in China. On May 31, 2018, the Chinese government announced subsidy reductions for photovoltaic power generation, widely known as the "531 Policy".
- According to the International Renewable Energy Agency (IRENA), the installed solar PV capacity was around 306.4 GW in 2021, up from 253.4 GW in 2020 in China. Additionally, in 2021, the value of China's solar PV exports was over USD 30 billion, almost 7% of China's trade surplus over the last five years.
- Furthermore, the electronics industry in India is mainly driven by macro-economic factors, such as growing middle-class families and rising disposable incomes. In addition to this, high preference for high-end technological devices and the declining electronics prices are also fueling the demand.
- The Indian semiconductor industry offers high-potential growth areas, as industries sourcing semiconductors in the country are witnessing high demand. India is considered to have a rapidly growing electronics system design and manufacturing (ESDM) industry, thereby driving the market.
- The electronics industry in India is mainly driven by macro-economic factors such as growing middle-class families and rising disposable incomes. In addition to this, the high preference for high-end technological devices and the declining electronics prices are also fueling the demand.
- The exports of electronic goods during the period from April to December 2022 recorded USD 16.67 billion as compared to USD 10.99 billion during the same period last year, registering a growth of 51.56%.
- Mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, and auto electronics are key export products in this sector. As per the Ministry of Electronics and IT's vision, India's electronics industry exports are expected to increase to USD 120 billion by 2026.
So, all of these things are likely to increase the demand for CVD in the above-mentioned sectors in the region over the next few years.
Chemical Vapor Deposition (CVD) Industry Overview
The chemical vapor deposition (CVD) market is partially consolidated. In terms of market share, a 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 Ionbond AG, Applied Materials Inc., and OC Oerlikon Corporation AG, among others (not in any particular order).
Chemical Vapor Deposition (CVD) Market Leaders
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Veeco Instruments Inc.
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IHI Ionbond AG
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Applied Materials Inc.
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OC Oerlikon Corporation AG
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ULVAC Inc.
*Disclaimer: Major Players sorted in no particular order
_Market.webp "Chemical Vapor Deposition (CVD) Market Concentration")
Chemical Vapor Deposition (CVD) Market News
- February 2023: Veeco Instruments Inc. announced that on January 31, 2023, it acquired Epiluvac AB, a privately held manufacturer of chemical vapor deposition (CVD) epitaxy systems that enable advanced silicon carbide (SiC) applications in the electric vehicle market. Epiluvac's technology platform combined with Veeco's global go-to-market capabilities create a significant long-term growth driver for Veeco.
- April 2022: Applied introduced the Stensar Advanced Patterning Film for EUV, which is deposited using Applied's Precision CVD (chemical vapor deposition) system. Compared to spin-on deposition, Applied's CVD film helps customers tune the EUV hardmask layers for specific thicknesses and etch resilience so they can achieve near-perfect EUV pattern transfer uniformity across the entire wafer.
Chemical Vapor Deposition (CVD) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand in Microelectronics Application
- 4.1.2 Use of High-performance Films in Solar Panels
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4.2 Restraints
- 4.2.1 High Capital Investment for Technology
- 4.2.2 Regulations regarding Emission of F-gases
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Category
- 5.1.1 CVD Equipment
- 5.1.2 CVD Materials
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5.2 Application
- 5.2.1 Electronics
- 5.2.2 Solar panel
- 5.2.3 Cutting Tools
- 5.2.4 Medical Devices
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 ASEAN Countries
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Spain
- 5.3.3.6 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ADEKA CORPORATION
- 6.4.2 Aixtron
- 6.4.3 Applied Materials Inc.
- 6.4.4 ASM International
- 6.4.5 CVD Equipment Corporation
- 6.4.6 Dynavac
- 6.4.7 IHI Ionbond AG
- 6.4.8 LAM RESEARCH CORPORATION
- 6.4.9 Mustang Vacuum Systems
- 6.4.10 OC Oerlikon Management AG
- 6.4.11 Oxford Instruments
- 6.4.12 Plasma-Therm
- 6.4.13 Tokyo Electron Limited
- 6.4.14 ULVAC Inc.
- 6.4.15 Veeco Instruments Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of Initiated Chemical Vapor Deposition Technology
Chemical Vapor Deposition (CVD) Industry Segmentation
Chemical vapor deposition (CVD) is the technique by which substances that are in the vapor phase are condensed to generate solid-phase material. It is a powerful technology for producing high-quality, solid thin films and coatings. The market is segmented by category, application, and geography. By category, the market is segmented into CVD equipment and CVD materials. By application, the market is segmented into electronics, solar panels, cutting tools, medical devices, and other applications. The report also covers the market size and forecasts for the chemical vapor deposition (CVD) market in 16 countries across major regions. The market sizing and forecasts for each segment have been done based on revenue (USD million).
| Category | CVD Equipment | |
| CVD Materials | ||
| Application | Electronics | |
| Solar panel | ||
| Cutting Tools | ||
| Medical Devices | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Spain | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Chemical Vapor Deposition (CVD) Market Research FAQs
What is the current Chemical Vapor Deposition (CVD) Market size?
The Chemical Vapor Deposition (CVD) Market is projected to register a CAGR of less than 10% during the forecast period (2024-2029)
Who are the key players in Chemical Vapor Deposition (CVD) Market?
Veeco Instruments Inc., IHI Ionbond AG, Applied Materials Inc., OC Oerlikon Corporation AG and ULVAC Inc. are the major companies operating in the Chemical Vapor Deposition (CVD) Market.
Which is the fastest growing region in Chemical Vapor Deposition (CVD) Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chemical Vapor Deposition (CVD) Market?
In 2024, the Asia-Pacific accounts for the largest market share in Chemical Vapor Deposition (CVD) Market.
What years does this Chemical Vapor Deposition (CVD) Market cover?
The report covers the Chemical Vapor Deposition (CVD) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chemical Vapor Deposition (CVD) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chemical Vapor Deposition Industry Report
Statistics for the 2024 Chemical Vapor Deposition market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemical Vapor Deposition analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
