Market Insights:
Market Research Future (MRFR) has revealed in its latest study that the global vapor deposition market is set to expand at 7.03% CAGR during the forecast period 2017 to 2023. The market is estimated to reach a valuation of USD 63,686.70 Mn by the end of 2023. The increasing application of vapor deposition across different industry verticals has boosted the growth of the global vapor deposition market.
The growth of the vapor deposition is highly attributable to the surge in demand for medical devices & equipment, stringent environmental regulations against the use of Hexavalent Chromium (Cr6) and increasing consumption of electronic devices. The widening base of applications of vapor deposition in the semiconductors, LED, optics, displays, photovoltaic cells, and decorative coatings are likely to propel revenue generation in the market.
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Top Key Players:
Oerlikon Balzers Coating AG
Applied Materials
IHI Ionbond AG
ASM International N.V
ULVAC Technologies
JUSUNG ENGINEERING Co
Kurt J. Lesker
LAM RESEARCH CORPORATION
Plasma-Therm LLC
Industry Developments:
In August 2018, The U.S. based Structured Materials Industries Inc (SMI) optimized a design version of its NanoV CVD research reactor to explore thin films of silicon germanium tin (SiGeSn) materials.
In August 2018, VaporTech, U.S., designed VT-3000i coating system to deposit materials using plasma-enhanced chemical vapor deposition (PE-CVD) or physical vapor deposition (PVD).
Regional Analysis:
By region, the global vapor deposition market has been segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is poised to exhibit the steepest rise in revenue creation, thriving at 7.39% CAGR. The market in Asia Pacific is estimated to reach a valuation of USD 63,686.7 Mn by 2023.
The factors favoring growth and expansion of the market are favorable government policies, and, rapid industrialization. Furthermore, China is the global leader of vapor deposition market, which complements the growth of Asia Pacific vapor deposition market. North America is anticipated to command the second largest share of the market and value at USD 14,552.4 Mn across the assessment period. Led by the U.S., the region is expected to retain its prominence over the next few years. Europe is projected to remain a significant growth pocket during the review period. Germany is likely to dominate the region due to massive demand from the automotive industry. The Middle East & Africa, and, Latin America regions are estimated to exhibit a relatively slower growth throughout the projection period.
Market Segmentation:
By process, the Vapor Deposition Market is segmented into Chemical Vapor Deposition (CVD) and Physical Vapor Deposition (PVD). The CVD segment is sub-segmented into low-pressure CVD, atmospheric pressure CVD, metalorganic, and Plasma Enhanced CVD (PECVD). The PVD segment is further sub-segmented into cathodic arc deposition, electronic beam PVD, and sputter deposition.
By application, the global vapor deposition market has been segmented into microelectronics, cutting tool, medical devices & equipment, and decorative coatings among others.
By end-use industry, the vapor deposition market is segmented into electrical & electronics, automotive, aerospace, metal industry, medical, and others.
Regional Analysis:
Geographically, Asia Pacific accounts for the largest market share in Vapor Deposition market growth due to demand in various industry such as textile, leather, and paper, especially in China region followed by India. Europe holds the second position for Vapor Deposition market and is another lucrative market in terms of value and volume after APAC. Germany, Italy, and UK led the demand for Vapor Deposition in this region. In Europe region, Vapor Deposition market is mainly driven by textile industry.
Europe is another significant region in the global vapor deposition market, which accounted for 18.93% market share in 2017. Germany is likely to dominate the European market in terms of value and volume due to increasing demand from the automotive industry. Latin America and the Middle East & Africa are estimated to grow at a moderate CAGR during the forecast period.
North America accounted for the third largest share in the global Vapor Deposition market in 2016. UK, Canada, and United Mexican States led the demand for Vapor Deposition in this region. In this region, Vapor Deposition market is driven by large demand in textile, paper, and leather industry. Latin America and the Middle East also witnessed in growth of reactive dye market due to various application such as paper dye, leather dye, wood dye, and others.
Intended Audience:
Manufacturers and distributors of vapor deposition technology.
Suppliers and traders.
Government, associations and industrial bodies.
Investors and Trade experts.
Consulting with chemical experts.
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