Fast Market Research recommends "Vapor Deposition Market - Global Trends & Forecast to 2019" from Markets and Markets, now available
Boston, MA -- (SBWIRE) -- 02/09/2015 -- Vapor Deposition Market by Technology (Chemical Vapor Deposition, Physical Vapor Deposition), by End-user Industry (Microelectronics, Cutting tools, Industrial & Energy, Medical, Decorative Coating) - Global Trends & Forecast to 2019
Globally vapor deposition technologies can be classified in two major segments, Chemical vapor deposition (CVD) and Physical vapor deposition (PVD), these technologies are used in various end-use industries such as microelectronics, cutting tools, industrial & energy, medical devices & equipment, decorative coating and others (packaging, composites, catalysts, powder production and R&D), for applying thin layer of coating materials on the substrate materials to modify and improvise the properties of the substrate material. Microelectronics industry growth owing to increased demand of semiconductor and LED based consumer products, increasing demand for PV cells and government regulations in the developed economies over the use of Cr6 in the electroplating process are some of the key driving forces of this industry in the recent time.
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Region-wise, Asia-Pacific is the biggest consumer of CVD and PVD technologies, followed by North America and Western Europe respectively. Asia-Pacific is expected to continue at its top position in the near future and also the market in the region will grow fastest, it is expected to grow at a CAGR of 9.6% and 8.9% respectively for CVD and PVD technology in terms of value between 2014 and 2019. RoW is expected to follow Asia-Pacific in terms of growth. Growth in Asia-Pacific is led by increasing number of end-use industry players in the region and fast growing microelectronics industry in the region. Microelectronics represents the largest end-use market for both CVD and PVD technology.
The report analyzes the global CVD and PVD technology market trends and forecasts till 2019. The market size has been provided in terms of value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products & services offered recent developments, and company strategy.
The global CVD and PVD technology market is projected to register a respective CAGR of 7.1% and 6.1% between 2014 and 2019 to reach $25.0 billion and $24.3 billion, respectively. The microelectronics segment, that uses CVD and PVD technology, is witnessing a CAGR of 8.7% and 7.7% respectively for CVD and PVD equipments, and constitutes a significant part of the overall CVD and PVD technology market.
The CVD and PVD technology market is experiencing heavy investment in the development of newer technologies and better coating materials to produce new and high-quality coatings for the substrate materials in the end-use industry. The companies involved in this market are extensively into research and new product developments.
All these factors, along with the growing end-user industries, will continue to drive the demand for CVD and PVD technology.
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