New York, NY -- (SBWIRE) -- 11/22/2018 -- According to the new market research report "Chemical Vapor Deposition (CVD) Market, [By Category Type (Equipment, Services, and Materials); By Technology Type (Plasma Enhanced CVD, Low Pressure CVD, Atomic Layer CVD, Metal Organic CVD, and Others)]; By Application (Solar Products, Electronics, Data Storage, Medical Equipment, and Others); By Regions]: Market size & forecast, 2018 - 2026", the market is expected to grow from USD 23.4 billion in 2017 to USD 47.2 billion in 2026, at a CAGR of 8.1% during the forecast period.

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Electronics manufacturing and semiconductor applications have intensely driven the demand for the chemical vapour deposition (CVD) market. Rising demand for advance and durable electronics products such as laptop, mobile phones, data storage devices, and advanced integrated circuits has led to increased usage of CVD equipment and technology. CVD in microelectronics is mainly used for fabrication and wafer processing.

Chemical vapour deposition (CVD) market is primarily driven by the growth of end use industries such as microelectronics, solar devices & modules, and medical equipment. The technological process is employed in many thin film applications of the previously mentioned end-uses such as heat-resistant coatings, passivation layers, conductors, dielectrics, conductive oxides, oxidation barriers, corrosion-resistant and tribological coatings, and epitaxial layers for microelectronics.

The global electronics manufacturing sector has undergone a tumultuous decade. In npite of the fact that a recession situation choked off the demand, large developing nations leaped into the first tier of manufacturing economies, along with the fall of manufacturing employment at an accelerated rate in advanced economies, however the manufacturing remains crucially important to both the developing and developed economies. The electronics manufacturing is also led by the constructive regulatory framework for the private investments at the domestic level in nations such as Mexico and schemes such as "NITI Aayog" (Make in India Strategy for Electronics Products) in the developing countries such as India are likely to drive the market growth over the forecast period.

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Miniaturization in the current scenario has been an ever-growing trend that has significantly led the microelectronics industry and is driving the product innovation in the same. Though the concept of miniaturization is very basic, taking something and making it smaller but comes with higher costs. Also, the concept is quite evident due to soaring demand for modern electronics, from embedded sensors to versatile to versatile electronics consumer products, the size of the device matters. Such outputs are greatly achieved by technologies such as atomic layer CVD and plasma-enhanced CVD.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global CVD Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Competitive Landscape and Key Vendors

Rising manufacturing of solar modules and cells on account of growing number of solar power plants globally has also significantly contributed towards the growth of the chemical vapour deposition (CVD) market. CVD is used for the preparation of high-temperature materials such as ceramics, tungsten, and others, in manufacturing of the solar cells, and high-temperature fibre composites. The CVD methods are also applied in many other applications such as textile surface functionalization, inorganic synthesis of materials, as coatings in many industrial applications, and in chemical preparation of advanced ceramics.

Major market players for the chemical vapour deposition (CVD) market include Veeco Instruments Inc., Praxair Surface Technologies, Lam Research Corporation, Applied Materials, Inc., Ulvac, Inc., Adeka Corporation, and Tokyo Electron Limited. Some other notable players in the market include ASM International NV, Plasma-Therm, Aixtron SE, CVD Equipment Corporation, and Intevac Inc.

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