CVD Coating Technology Market to See Incredible Growth During 2024
Posted: Dec 21, 2017
CVD (Chemical Vapor Deposition) is an atmosphere controlled coating process carried out at high temperatures and is usually carried out in CVD reactors. It is mainly employed for surface coating process to produce high purity bulk materials that are used across various industries. Ongoing technological advancements and innovations in the CVD (Chemical Vapor Deposition) technology are anticipated to supplement the growth of global CVD Coating Technology Market over the forecast period. The CVD (Chemical Vapor Deposition) technology has excellent resistance against wear and possesses good adherence properties and gives coating thickness up to 20 micrometers.
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The global CVD coating technology market is primarily driven by the demand for advanced coating process from the various industries such as, semi-conductor industry, automotive industry and aerospace industry among others, to fulfill the need for effective protective coatings to minimize corrosion and increase the durability and resistance to wear and tear. Furthermore, coatings based on CVD (Chemical Vapor Deposition) technology in automotive parts such as, pistons, crankshaft and valve trains helps in reducing the friction, which in turn helps in increasing the fuel efficiency of vehicles by nearly 10% and reduces the carbon emissions, thus, fulfilling the regulations for emissions set by the government. Apart from the automotive industry, the demand for CVD (Chemical Vapor Deposition) technology in the semi-conductor industry for coating of micro electronic systems is further augmenting the demand for CVD coating technology market globally.
On the plus side, macroeconomic factors such as, rise in disposable income of middle-class population has witnessed rise in consumer spending on consumer electronics and vehicle purchase, which in turn is propelling the growth of automotive industry and consumer electronics industry benefiting the global CVD Coating technology market. Some notable trends in the CVD Coating technology market are the technological innovations and significant spending on developing the existing CVD (Chemical Vapor Deposition) technology for instance, "CERATIZIT" a leading hard metal cutting tool manufacturer and wear protection solution provider has developed the world’s first multi-layer CVD coating technology for further enhancement of service life of hard metal cutting tools. However, the CVD (Chemical Vapor Deposition) process are carried out at very high temperatures and the process can’t be carried out for several metal such as TiAIN (Titanaluminiumnitrid), for which PVD (Physical Vapor Deposition) is used, which might hamper the growth of global CVD (Chemical Vapor Deposition) technology market.
Based on geographies, the global CVD coating technology market is segmented into five regions— North America’s CVD coating technology market, Latin America’s CVD coating technology market, Europe’s CVD coating Technology Market, Asia-Pacific’s CVD Coating Technology Market and Middle East & Africa’s CVD Coating technology market. Among the aforementioned regions, Asia-Pacific region is estimated to be account for dominant share in the global CVD coating technology market, owing to the rapid industrialization in the region, with a promising automotive industry growth and an attractive consumer electronics market, the Asia-Pacific market for CVD Coating technology market is anticipated to be dominant throughout the forecast period registering highest growth rate as compared to other markets. Asia-Pacific is followed by Europe and North America for global CVD coating technology market. Overall the global CVD coating technology market is anticipated to register a double digit growth rate during the forecast period.
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Some of the key players identified in the global CVD coating technology market includes Richter Precision Inc., Sulzer Ltd, Ti-Coating, Inc., ENDURA Coatings, sp3 Diamond Technologies, CemeCon AG Germany and CERATIZIT among others.
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