Vapor Deposition Market

Vapor Deposition Market Size (2023-2028)

The Vapor Deposition  Market size is projected to reach US$ 19.5 billion by the end of 2028, increasing at a CAGR of 8.7% between 2023-2028

Vapor Deposition Market Scenario: 

The vapor deposition market experienced significant growth due to the growing demand for medical devices & equipment, the increasing led devices market, and environmental regulations over Cr6. Vapor deposition is the process of coating in which materials in a gaseous state are condensed through a condensation process. The two categories of vapor deposition are PVD (physical vapor deposition) and CVD (Chemical vapor deposition). PVD can be defined as the process in which a thin layer of coating is settled on the substrate via the vaporization process. The vapor atoms and molecules are positioned next to one another on the substrate.

At the same time, CVD (chemical vapor deposition) utilizes a chemical reaction to form a coating from the vapor, leaving a volatile species with the reaction byproducts. In addition, CVD requires high temperatures to process the chemical reaction. Vapor deposition is used to produce high-performance solid materials, including nanotubes, nanofilaments, thin films, and multilayers. These characteristics tend to increase the global vapor deposition market revenue.

Vapor Deposition Market Drivers:

The increasing consumer electronics market and stringent environmental regulations over chromium (6+) for electroplating are the significant factors that propel the global consumer electronics market growth in the near future.

The total exports of electronic products rise by US$ 269 billion in 2021 in the United States. The United Kingdom holds the highest market for high-performance consumer electronics among all the regions in Europe. Compared to other sectors in the U.K., the consumer electronics end-user will increase much faster, with a growth rate of 4.5%. In addition, consumer electronics require vapor deposition to coat their products, thus driving the vapor deposition market in the upcoming years. Chromium 6+ (Cr) acts as an anti-corrosive agent and can be used in primers, coatings, and other surfaces. In addition, cr6+ compounds can be used as pigments for dyes, inks, and paints. Therefore, the usage of Cr6+ tends to be a significant driver for the global vapor deposition market growth.

Vapor Deposition Market Restraints:

The increasing capital investments and the requirement for a qualified workforce for the operation are the major restraints that slow down the global vapor deposition market growth.

The vapor deposition process requires specialized equipment to strictly monitor the guidelines on pressure, temperature, gas volumes, and time to produce good-quality graphene. To escalate productivity and throughput, the cluster tool system is being used for parallel processing. Moreover, the substrates require a robotic arm, which prevents contamination and oxidation. This process requires high capital investment, which further hampers the global vapor deposition market growth.

Challenges in the Vapor Deposition Market:

The coating process requires high temperatures, difficult to mask surface, limited size for reacting chamber capacity, parts can be broken into individual components, and it is mainly not an on-site process. These are the primary challenges that hinder the global vapor deposition market growth during 2022 - 2027.

VAPOR DEPOSITION MARKET REPORT COVERAGE:

Vapor Deposition Market Segmentation

By Technology:

• Chemical vapor deposition

• Physical vapor deposition

Besides physical vapor deposition (PVD), chemical vapor deposition (CVD) plays a prominent role in holding the most extensive global vapor deposition market share and continues the trend during the forecast period. Chemical vapor deposition (CVD) comprises high purity, throughput, and low-cost operation. CVD acts as the primary method for the testimony of film in the semiconductor industry. Furthermore, CVD has more characteristics including sputtering and molecular beam evaporation.

Compared to physical vapor deposition (PVD), CVD utilizes source materials that flow from the external reservoirs into the chamber process. It can also be refilled without spoiling the environmental growth. Moreover, CVD does not require high vacuum levels and can process the substrates in heavy and more batches. In addition, CVD consists of precision tolerance. Therefore, these factors of CVD further drive the growth of the global vapor deposition market.

By End-User:

• Aerospace

• Automotive & Transportation

• Industrial & Energy

• Electrical & Electronics

• Medical & Healthcare

• Coatings

• Others

The electrical and electronics segment holds the most prominent global vapor deposition market share among the other end-users. It is anticipated to grow with the highest CAGR of 9.4% during the forecast period. Physical vapor deposition is used chiefly in technology in the electric and electronic industry, and its applications are broadly utilized in biomolecules and microelectronics.

Physical vapor deposition (PVD) comprises high process efficiency, lower cost, pattern ability, and environmentally friendly nature. Owing to these features, it is widely used in the process of printable and flexible electronic devices. These significant characteristics of PVD are broadly used in the electrics and electronics industry, which in turn boosts the global vapor deposition market. 

Vapor Deposition Market Regional Analysis: 

The Vapor Deposition Market Report includes the segmentation of Regions:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

Asia Pacific holds the largest global vapor deposition market share in 2021 due to the growing electronic sector. Most of the electronics sector utilizes vapor deposition of molecule-molecule or atom-atom sediment on a solid surface of a substrate.

 Europe and North America hold the highest CAGR during the forecast period owing to the increasing electronics manufacturing industries in Japan and U.S. Middle East and Africa tend to have a significant global vapor deposition market share during 2022 - 2027 due to the presence of end-user industries mainly in Africa and Saudi Arabia.

Impact of COVID-19 on the Vapor Deposition Market:

The COVID-19 pandemic made most people homeless, and jobless and also made all industries closed due to the imposition of lockdowns by the government across the globe. Many of the vendors had to suspend their production due to the lockdown. As a result, the global vapor deposition market has faced disruptions in supply chain management during COVID-19. Post-pandemic, the demand for vapor deposition has declined in most countries, including Germany, the US, France, Italy, and Spain. Therefore, vendors were exploring various ways to boost up their supply chain post-pandemic.

Recent Developments in the Vapor Deposition Market:

• Adeka Corporation announces a new brand of polymer additives that promotes sustainable manufacturing in resin firms. ADEKA has manufactured the ADK CYCLOAID brand of products to ensure eco-friendly plastics that have features equal to conventional plastics, which can also help people's prosperity.

• Aixtron SE developed a metal-organic chemical vapor deposition reaction for the growth of the materials using Close Coupled Showerhead technology.

Vapor Deposition Market Key Players:

The companies covered in the report include:

• Applied Materials Inc. 

• Adeka Corporation

• Aixtron SE 

• Tokyo Electron Limited 

• Plasma-Therm

• IHI Group

• Lam Research Corporation