Chemical Vapor Deposition Market to Hit USD 59.05 Bn by 2032

The global chemical vapor deposition market accounted for USD 28.11 billion in 2023 and is projected to reach USD 59.05 billion by 2032, growing at a CAGR of 8.6% during the forecast period 2023 to 2032.

Chemical Vapor Deposition Market Size 2023 to 2032

Key Takeaways

  • Asia Pacific led the global market with the highest market share in 2022.
  • By End-use, the microelectronics segment contributed the largest revenue share in 2022.
  • By Category, CVD equipment recorded the largest market share in 2022.

Chemical Vapor Deposition, or CVD, stands as a coating process that relies on thermally induced chemical reactions occurring on the surface of a heated substrate. This process involves reagents delivered in a gaseous state. CVD encompasses various approaches, each dependent on factors like pressure range, reactant types, and the activation method for the reaction. It can also be executed in an atomic layer deposition mode, forming single layers of atoms at a time.

Compared to physical vapor deposition, CVD boasts several advantages. It tends to be more conformal, providing a relatively even coating on uneven surfaces, following the morphology rather than resulting in low-quality and thin coatings on vertical walls. CVD utilizes source materials that flow into the process chamber from external reservoirs, allowing for replenishment without contaminating the growth environment. Unlike physical vapor deposition, CVD doesn’t require high vacuum levels and can process substrates in larger batches. Moreover, CVD offers greater flexibility and precision in process conditions.

Regional Snapshots:

Asia Pacific has emerged as a prominent market for chemical vapor deposition due to the robust growth of various end-use industries in the region. This growth is primarily driven by rapid urbanization in emerging markets and a well-established electronics manufacturing base in Taiwan, China, and Korea.

Chemical Vapor Deposition Market Share, By Region, 2022 (%)

In 2019, North America became the second-largest market for chemical vapor deposition, closely followed by Europe. The semiconductor and solar industries in North America have experienced an upward trend, significantly boosting the demand for chemical vapor deposition. Supportive government protocols encouraging local-level private investments are expected to further boost end-use industries like semiconductors in the region.

Chemical Vapor Deposition Market Scope

Report Highlights Details
Market Size in 2023 USD 28.11 Billion
Market Size by 2032 USD 59.05 Billion
Growth Rate from 2023 to 2032 CAGR of 8.6%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Category Type, End User Type, Region Type

Growth Factors

The current notable trend of increasing demand for cost-effective dressing tools across various industries is boosting the prospects of the CVD diamond market. These tools find application in abrasive machining processes. Additionally, reactor scale engineering is expected to create new attractive opportunities for the CVD market in the coming years.

In recent years, the electronics manufacturing sector has witnessed significant growth and innovations. Despite economic challenges, large developing nations have become key players in manufacturing markets. The electronics manufacturing sector is strongly influenced by positive regulatory frameworks, such as the “NITI Aayog” strategy in India, driving the growth of the chemical vapor deposition market.

Key Players & Strategies:

Major growth factors in the CVD industry include technological upgrades and product innovations among players to manufacture high-performance thin solid films. Key corporations are frequently introducing product innovations to align with industry dynamics and customer demands. These advancements, focusing on sustainability, will drive demand in the CVD diamond market, enhancing business-to-business (B2B) sustainability claims to retail and distribution customers. Companies participating in pilot audits are improving CVD diamonds with a wide range of metrics. Additionally, market participants are incorporating various experimental measurements, incorporating cutting-edge gas mixture activation chemistry.

Some of the significant players in the chemical vapor deposition market include:

  • CVD Equipment Corporation
  • Lam Research Corporation
  • Intevac, Inc
  • Aixtron SE
  • ASM International NV
  • Richter Precision Inc
  • Plasma-Therm
  • Applied Materials Inc.
  • Veeco Instruments Inc.
  • IHI Ionbond AG
  • OC Oerlikon Corporation AG
  • ULVAC Inc.

Segments Covered in the Report

By Category 

  • CVD Services
  • CVD Equipment
  • CVD Materials

By End-use

  • Solar Products
  • Cutting Tools
  • Microelectronics
  • Data Storage
  • Medical Equipment
  • Others

By Regional

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Latin America

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Fabio Thomas 

Fabio Thomas 

Fabio is a Senior Editor at Reports Gazette who focused on healthcare it news. Also, he is a writer and public health researcher.  He joins Reports Gazette from Modern Healthcare, where he worked as a web producer since 2020. Before joining the Modern Healthcare team, Fabio received a master’s degree in journalism from Northwestern University. He is the author of a 2016-17 book, he is also the recipient of numerous awards.

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