Chemical Vapor Deposition Market to Reach USD 52.3 Billion by 2032

According to analysts at Vantage Market Research, the Global Chemical Vapor Deposition Market size is worth USD 22.91 Billion in 2023 and is projected to reach USD 52.3 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 9.6% from 2024 to 2032. The market is driven by rising demand for high-performance coatings, growing semiconductor and electronics industries, advancements in nanotechnology, and increasing adoption in solar and medical device applications. 

Market Overview

The growing demand from the electronics industry has significantly boosted the use of Chemical Vapor Deposition (CVD) for producing thin films of semiconductors, conductors, and insulators. CVD is essential for fabricating advanced electronic materials & structures, including diffusion barriers and high thermal conductivity substrates. It employs various materials such as titanium nitride, silicon nitride, silicon oxide, diamond, and aluminum nitride. Aluminum has traditionally been favored for electrical conductors in semiconductor devices due to its low-temperature CVD processing, but copper has emerged as a superior alternative for IC metallization.

Chemical Vapor Deposition (CVD) synthesis & techniques have seen significant advancements, establishing themselves as a superior material processing technology compared to physical vapor deposition methods. The ability to tune deposition rates and achieve excellent conformality has propelled the use of CVD for high-end materials in the electronics and semiconductor industries. The integration of carbon nanotubes and graphene for next-generation electronics has broadened the market opportunities for CVD technologies. Emerging techniques in substrate pretreatment and improvements in post-growth processes have further invigorated market growth. Favorable regulations supporting the use of low-dimensional materials in electronics manufacturing have also boosted demand. 

OC Oerlikon Management AG has unveiled its newest PVD coating, BALIQ TISINOS PRO

• OC Oerlikon Management AG has introduced its latest PVD coating, BALIQ TISINOS PRO, engineered for hardened steels, stainless steels, and high-temperature alloys. BALIQ TISINOS PRO significantly reduces tool load, greatly improving wear resistance in steels with hardness up to 70 HRC during hard machining processes

Key Takeaways from the Report

• In 2023, Asia Pacific dominated the market with 52.4% share, driven by rapid growth in the electronics and semiconductor industries, particularly in countries like China, Japan, and South Korea
• By Application, the Semiconductor & Microelectronics segment dominated the market, driven by increasing demand for high-performance and miniaturized electronic devices
• By Category, CVD Equipment segment dominated the market with a 66.3% share due to the advancements in equipment technology, increased demand for high-precision and high-performance coatings in electronics, semiconductors, and the growing adoption of CVD processes in emerging applications such as advanced materials and renewable energy solutions

Top Companies

• ASM International NV
• Plasma-Therm LLC
• Applied Materials Inc.
• CVD Equipment Corporation
• Tokyo Electron Limited.
• Veeco Instruments Inc.
• OC Oerlikon Management AG
• IHI Corporation
• voestalpine AG
• ULVAC Inc.
• Aixtron SE
• RIBER
• TAIYO NIPPON SANSO CORPORATION
• Nuflare Technology Inc.

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Veeco Instruments Inc. revealed that it acquired Epiluvac AB

• On January 31, 2023, Veeco Instruments Inc. announced its acquisition of Epiluvac AB, a privately-owned manufacturer of Chemical Vapor Deposition (CVD) epitaxy systems. Epiluvac focuses on advanced silicon carbide (SiC) applications for the electric vehicle industry. By integrating Epiluvac's technology with Veeco's expansive global market reach, this acquisition is anticipated to drive significant long-term growth for Veeco