Vapor Deposition Market | CAGR of 7.12% in order to attain the market size of around USD 32.93 billion by the end of 2023

Vapor Deposition Market
Global Vapor Deposition Market Information-by Processes (Physical Vapor Deposition and Chemical Vapor Deposition), by Application (Microelectronics, Electrical Energy Storage, Solar, Cutting Tools, Medical Equipment, Coating, and Others), by End User (Automotive, Aerospace, Pharmaceutical, Metal Industry, and Others) and by Region – Forecast till 2023

Vapour Deposition Market–Market Overview

As per the analysis of MRFR, the Global Chemical Vapor Deposition Market is projected to grow at significantly higher CAGR OF 7.12% in order to attain the market size of around USD 32.93 billion by the end of 2023. In addition to this the Global Physical Vapor Deposition Market is estimated to expand at healthy growth rate of nearly 6.2% during 2016 to 2023 to reach around USD 30.94 billion.  Vapor Deposition is a process wherein the material in a vapor state are condensed through chemical reaction, condensation, or conversion to form a solid material. These processes are majorly used to form coatings which confer the electrical, thermal, mechanical, corrosion resistance to the substrates. There are two broad categories of Vapor Deposition processes namely Physical vapor deposition (PVD) and Chemical Vapor Deposition (CVD). The market is expected to continue growing at a healthy rate in the next five years, mainly driven by a growth in the end-user industries such as microelectronics and industrial & energy applications in the Asia-Pacific.

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Vapour Deposition Market- Competitive Landscape

The Global Vapour Deposition is a significantly mature market, which is driven by the increasing demand from pharmaceuticals industry and rapidly growing metal industry across the globe. Additionally, the technological advancements in the field of Vapor Deposition undertaken by the major market players is likely have positive repercussions on the Global Vapour deposition Market. The market accommodating considerable numbers of tier 1 companies, yet the market share is dominated by the tier 1 companies such as Oerlikon Balzers Coating AG, Aurora Scientific Corp., and Tokyo Electron Limited. These leading manufacturers have substantial contribution towards the growth of this market during the forecast period. The primary business tactics undertaken by almost all of these market leaders are the capacity expansion by new facility, product launch and acquisitions of significant competitors. The market is anticipated to witness high competition on the backdrop of increasing global demand and continuous technological up-gradation of these players to gain significant share of the market and sustain the huge competition during 2017 to 2023.

Industry/ Innovation/ Related News:

January 30, 2017- CVD Equipment Corporation, which is one of the leading supplier of chemicals vapor deposition systems has recently announced that its CVD Materials Corporation subsidiary aspires to launch a new facility at U.S for expansion of the corrosion resistant coating services, which are currently offered through its Tantaline CVD ApS subsidiary in Denmark. This new and innovative tantalum chemical vapor coating technology, which is called Tantaline® treatment, is used to create a tantalum alloy surface on high performance parts including valves, fittings, autoclaves, process chambers, flow reactors, fasteners, mixers, flow meters, and medical devices, as well as other parts that are prone to corrosion in harsh environments.

March 13, 2018- Switzerland based leading global technology Group Oerlikon has acquired a Swiss manufacturer specializing in CVD (Chemical Vapour Deposition) equipment for the tools market called Sucotec AG. As per our analysis the acquisition will enhance the product range and services offered by the Liechtenstein-based coating specialist Oerlikon Balzers.

November 09, 2015- Intevac Incorporated, a leading global supplier of the thin-film deposition equipment and photonics products has announced launch of the new product called INTEVAC VERTEX™ (Vertex) Physical Vapor Deposition (PVD) System. This new system has been optimized to apply a protective thin-film coating over a glass and other substrates, which targets the growing mobile electronic display cover glass, glass protector and mobile enclosure markets.

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