Chemical Vapor Deposition (CVD) Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Category (CVD Equipment and CVD Materials), Application (Electronics, Solar Panels, Cutting Tools, Medical Devices, and Other Applications), and Geography.

Market Snapshot

CAGR (new format)
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for chemical vapor deposition (CVD) is anticipated to register a CAGR of 7.92%, during the forecast period (2019-2024). Chemical vapor deposition (CVD) is a deposition method, which is used to produce high quality and high-performance solid materials, typically under vacuum. The process is often used in the semiconductor industry for producing thin films, and goes into various segments, such as smartphones, PC’s, tablets, and other medical electronics.

  • Metals, such as aluminum, copper, etc., which go into the manufacturing of microelectronics, are often deposited by CVD methods. Copper CVD is generally used as a substitute in integrated circuits. The Indian semiconductor industry offers high potential growth areas, as industries sourcing semiconductor in the country are witnessing high demand. India is considered to have a rapidly growing electronics system design manufacturing (ESDM) industry, thereby driving the market.
  • High capital investment for CVD technology is likely to hinder the market growth.
  • Development of the initiated chemical vapor deposition technology is projected to act as an opportunity for the market, in the future.

Scope of the Report

The chemical vapor deposition (CVD) market report includes:

CVD Equipment
CVD Materials
Solar panel
Cutting Tools
Medical Devices
Other Applications
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Power Industry

  • Chemical vapor deposition equipment is used in the fabrication of solar cells. The equipment is used for various steps, including diffusion, deposition of antireflective layers, oxidation, and silicone epitaxial deposition.
  • Chemical vapor deposition processes are extensively used in the manufacturing of solar cells, from the deposition of crystalline silicon in a c-Si solar cell, to the deposition of various range of different materials in thin-film solar cells (TFSCs). Additionally, this equipment is also used for the deposition of amorphous silicon (a-Si), micro-crystalline silicon, silicon-germanium, etc.
  • The solar power industry is one of the fastest growing industries in the world. According to the International Energy Agency (IEA), this industry accounts for almost two-third of the net power capacity, worldwide. The value of solar power was estimated at USD 86 billion in 2015, and is projected to reach USD 422 billion by 2022.
  • The United States is the second-largest PV market, after China. In 2017, capacity additions declined in the country by almost 30%, to 10.6 GW, after developers rushed to commission projects in 2016, before the expiration of a federal tax credit.
  • Solar PV is running well to meet its SDS target, which required electricity generation to grow from solar PV from 460TWh, in 2017, to reach more than 2700 TWh, by 2030.
  • All the aforementioned factors are expected to drive the  market, during the forecast period.
segmentation (ne

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Asia- Pacific Region to Dominate the Market

In Asia-Pacific, China is the largest economy, in terms of GDP. The annual growth rate of Chinese GDP was 6.7% and 6.6%, in 2017 and 2018, respectively. This growth is expected to be stable, despite the trade disturbance in early 2019. The economic growth in the country remains high, owing to the increasing interest of investors to invest in the country. China is one of the fastest growing economies globally, and almost all the end-user industries are growing, owing to the rising population, living standards, and per capita income. Chemical vapor deposition (CVD) is primarily used in the manufacture of thin sheets used in semiconductors, solar cells, LED lights, and other electrical appliances. Furthermore, CVD is also used for applying coatings of materials, such as diamond, to impart desired properties to cutting tools. China is the largest market, in terms of production and consumption of semiconductors in the Asia-Pacific region. According to the World Semiconductor Trade Statistics (WSTS), China accounted to 32% of the global sales of semiconductors, in 2017. China is becoming the prime location for investments in the production of mobiles, laptops, and other electrical appliances. Global major manufacturers had invested a large capital in the Chinese market, in order to cope up with the upcoming demand surge in the future. This is expected to drive Asia-Pacific's dominance during the forecast period.

regional (new format)

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Competitive Landscape

The chemical vapor deposition (CVD) market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the chemical vapor deposition (CVD) market include Veeco Instruments Inc., Ulvac Inc., IHI Corporation (Ionbond), Applied Materials Inc., Adeka Corporation, and CVD Equipment Corporation, among others.

Major Players

  1. Veeco Instruments Inc.
  2. IHI Corporation (Ionbond)
  3. Applied Materials Inc.
  4. CVD Equipment Corporation
  5. Adeka Corporation

* Complete list of players covered available in the table of contents below

market concentration (new format)

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rising Demand in Microelectronics Application

      2. 4.1.2 Use of High-performance Films in Solar Panels

    2. 4.2 Restraints

      1. 4.2.1 High Capital Investment for Technology

      2. 4.2.2 Regulations regarding Emission of F-gases

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Category

      1. 5.1.1 CVD Equipment

      2. 5.1.2 CVD Materials

    2. 5.2 Application

      1. 5.2.1 Electronics

      2. 5.2.2 Solar panel

      3. 5.2.3 Cutting Tools

      4. 5.2.4 Medical Devices

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Veeco Instruments Inc.

      2. 6.4.2 Ulvac Inc.

      3. 6.4.3 IHI Corporation (Ionbond)

      4. 6.4.4 Applied Materials Inc.

      5. 6.4.5 Tokyo Electron Limited

      6. 6.4.6 Adeka Corporation

      7. 6.4.7 CVD Equipment Corporation

      8. 6.4.8 Lam Research Corporation

      9. 6.4.9 AIXTRON

      10. 6.4.10 ASM International

      11. 6.4.11 Plasma-Therm

      12. 6.4.12 Mustang Vacuum Systems

      13. 6.4.13 Dynavac

      14. 6.4.14 Oxford Instruments

      15. 6.4.15 Oerlikon Balzers

    5. *List Not Exhaustive

    1. 7.1 Development of Initiated Chemical Vapor Deposition Technology

**Subject to Availability

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