Global Chemical Vapor Deposition (CVD) Market: Trends, Growth Drivers, and Forecast Analysis 2024-2030
The global chemical vapor deposition market size is anticipated to reach USD 40.73 billion by 2030 and expand at a CAGR of 9.0% during the forecast period, according to a new report by Grand View Research, Inc. The rapid development in technology facilitating the increasing use of chemical vapor deposition (CVD) process in several applications is expected to drive the market growth over the forecast period. The rising demand for high-performance materials in aerospace and electronics industry is an important market driver. In addition, government initiatives in emerging economies to increase semiconductor production & innovation in manufacturing technologies are further expected to drive the market. The key players in the market are keen on advancing chemical vapor deposition technologies with improvements in the components and efficient controls. A new class of CVD machines is being developed where a thin film deposition is done in a wide range of durability, sca...