Chemical vapor deposition (CVD) is a chemical process used in improving quality of products such as ceramic powder, fiber, and monolithic components. This chemical process is often used in manufacturing of semiconductors and other electronic components to produce thin film, bearings, wear resistant parts, etc. CVD process involves reaction or decomposition of one or more precursor gases in a chamber for coating products. Also, CVD is used in microfabrication processes to deposit materials in various forms – monocrystalline, polycrystalline, amorphous, and epitaxial.
Growing demand for microelectronics such as laptops, storage devices, mobiles, and other electronic products is a key factor driving growth of the global chemical vapor deposition (CVD) market. In addition, fast industrialization in developing economies, and government support for private investment at domestic level are other factors expected to propel growth of the global chemical vapor deposition (CVD) market over the forecast period.
However, high cost of installation and lack of skilled operators are key factors restraining growth of the global chemical vapor deposition (CVD) market. Additionally, environmental issues due to release of corrosive and toxic gases during production process is other factor expected to hamper growth of the global chemical vapor deposition (CVD) market over the forecast period.
Growing demand for photovoltaic cells, medical equipment, and led devices is expected to generate potential opportunities for key players in the global chemical vapor deposition (CVD) market to expand their presence.
The global chemical vapor deposition (CVD) market is segmented on the basis of category, application, and region. On the basis of region, the global chemical vapor deposition (CVD) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is a dominant player in the global chemical vapor deposition (CVD) market and accounts for largest market share in terms of revenue. This can be attributed to growing demand from semiconductor and electronics industry in emerging economies in the region. The market in North America accounts for second-highest market share in revenue terms, owing to rising demand for high durability electronic products, and increasing investment in the semiconductor industry by government and private organizations in the region. Also, the market in Europe is expected to register significant growth in the global chemical vapor deposition (CVD) market, owing to rising demand for microelectronics, electrical energy storage, solar, cutting tools, medical equipment, and coating in the region.
Prominent players in the global chemical vapor deposition (CVD) market include Adeka Corporation, AIXTRON SE, Applied Materials, Inc., ASM International NV, IHI Corporation, Lam Research Corporation, Plasma-Therm LLC, Denton Vacuum, Inc., Richter Precision, Inc., and Tokyo Electron Limited.
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