Introduction
Chemical vapor deposition (CVD) is one of the most common deposition process where solid material is deposited from a vapor resulting into thin film, powder, or single crystal. The process is used to coat almost any ceramic and metallic compounds including elements, metals, alloys, and intermetallic compounds. CVD is also employed in many thin film applications, especially in semiconductor industry. CVD services are gaining increasing demand for application in coatings, owing to excellent throwing power that enables the production of coatings of uniform properties and thickness with less porosity even on complicated or uneven surface.
Adoption of CVD services has been on the rise in the recent years for its ability to get a good side wall coverage and relatively less waste deposition as compared to physical vapor deposition (PVD). Capability of localized or selective deposition on patterned substrate is further influencing the demand for CVD services. Recent developments in CVD techniques for optical thin films and coatings and the use of more efficient reactants will possibly promote lucrative opportunities for CVD service operators.
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Dynamics
Chemical vapor deposition (CVD) services market has been gaining high traction in the recent past for its advantages of higher growth rate and better reproducibility than PVD (physical vapor deposition). Growing application of CVD across wide range of industries such as coatings, electronic devices, catalysts, nano-machines, power production, and others are highly contributing to the growth of CVD services market. Emerging trends of incorporating advanced technological processes such as hot-wire vapor deposition and plasma-enhanced vacuum are likely to propel growth of the CVD services market.
Mass urbanization and industrial growth in emerging economies across the globe is expected to be a key driver determinant of the CVD services market. Tremendously growing demand for CVD technology in microelectronics is anticipated to positively affect the CVD services market. Increasing demand for high-thin films for solar panels and PV devices is further likely to bode well with the progress of CVD services market. Another factor favoring CVD services market is growing consumers’ demand for extending the longevity of end-use products with metallic coatings.
However, maintenance cost of CVD equipment are observed to be significantly high which may create hindrance in the growth of CVD services market. Stringent regulations regarding the emissions of F-gases due to the use some precursors in CVD process will possibly confine the market growth. In addition, challenges associated with process yield and productivity are likely to remain restraining factors of the CVD services market.
CVD Services Market Segmentation
Global CVD services market can be segmented on the basis of type and application.
Based on type, global CVD services market can be segmented into:
- Lower Pressure CVD
- Atmospheric Pressure CVD
- Plasma Enhanced CVD
- Metal Organic CVD
Based on application, global CVD services market can be segmented into:
- Coatings
- Electronics
- Catalysis
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CVD Services Market: Regional Outlook
The global CVD services market is expected to perform well in the Asia Pacific region with rapid industrialization and development of electronic and semiconductor industries in emerging economies. Lucrativeness of CVD services market in China and India will possibly continue to optimistic, owing to high demand for microelectronic applications. Growing number of end-use industries and developing financial systems across Asia Pacific is expected to augment the usage of CVD equipment and services.
The CVD services market is expected to generate significantly high revenue from developed nations of North America and Europe, owing to rising demand for high durability products. Further, growing domestic level private investment in North America is likely to fuel semiconductor industry, which in turn enhance the lucrativeness of CVD services market.
CVD Services: Key Market Players
Key market players currently operating in CVD services are focusing on development of advanced CVD equipment through research and innovations, in order to expand their customer base. These players are also entering to partnership to gain an edge over their competitors and eliminate competition. Some of the market participants identified over value chain include:
- Veeco
- Richter Precision
- IHI Ionbond
- Endura Coatings
Report Highlights:
The research report presents a comprehensive assessment of the CVD services market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on CVD services market provides analysis and information according to market segments such as geographies, application and industry.
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The CVD services market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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