U.S. Chemical Vapor Deposition Market Size Worth $8.65 Billion By 2032 | CAGR: 8.1%

The U.S. chemical vapor deposition market size is expected to reach USD 8.65 billion by 2032, according to a new study by Polaris Market Research. The report “U.S. Chemical Vapor Deposition Market Share, Size, Trends, Industry Analysis Report, By Category (CVD Services, CVD Equipment, CVD Materials); By End-use; By Technology; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Chemical vapor deposition is widely employed in the manufacturing of semiconductors, solar panels, and nanotubes. The increasing disposable income among the people in the United States optimally boosts the need for electrical gadgets, leading to the growing production of entertainment and luxurious goods in the region. This promptly facilitates the need for raw materials, primarily electrical components, including semiconductors.

Rising government initiatives to promote microelectronics production are positively impacting the U.S. chemical vapor deposition market. For instance, in December 2023, BAE Systems Microelectronics Center received a USD 35 million grant from the U.S. Department of Commerce to boost production and lower the size of microelectronics. The potential to reduce the size of chips by molding material into thin films is expected to drive the adoption of chemical vapor deposition.

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Moreover, the potential to create thin films on medical equipment with uniformity, density, and customized thickness is further driving chemical vapor deposition adoption in the healthcare industry. Additionally, with the presence of established infrastructure in multiple sectors, specifically healthcare and manufacturing, there will be new growth opportunities for chemical vapor deposition in the United States.

The ongoing expansion activities of the major chemical vapor deposition players in the United States are driving innovations in the region. According to the International Council on Clean Transportation, electric sales in the United States increased by 3% in Q1 2022, 7% in 2022, and over 10% in Q3 2023. The increasing consumption of electric vehicles is forcing companies to enter microelectronics manufacturing. For instance, in February 2023, Veeco completed the acquisition of Epiluvac to expand its market position in the silicon carbide epitaxy equipment market.

The increasing government policies supporting the growth of the semiconductor industry are anticipated to create new growth potential for chemical vapor deposition in the forecast period. The National Institute of Standards and Technology introduced the CHIPS for America policy in the United States with a capital investment of USD 300 million to support the production of raw materials and equipment used in semiconductor manufacturing. As this trend continues, there will be a huge opportunity for chemical vapor deposition in the region.

U.S. Chemical Vapor Deposition Market Report Highlights

• The CVD equipment segment is anticipated to witness the highest growth in the coming years due to its convenience and ease of application.
• The atomic layer CVD segment garnered the maximum share, owing to the growing chip production activities.
• The microelectronics segment garnered the largest share due to the increasing development of advanced electronic devices.
• The players include Adeka Corporation, Aixtron, Angstrom Engineering, Applied Materials, CVD Equipment Corporation, & Denton Vacuum.

Polaris Market Research has segmented the U.S. chemical vapor deposition market report based on category, technology, end-use, and region:

U.S. Chemical Vapor Deposition, Category Outlook (Revenue - USD Billion, 2019 - 2032)

• CVD Services
• CVD Equipment
• CVD Materials

U.S. Chemical Vapor Deposition, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• Atomic Layer CVD
• Induced CVD
• Organometallic CVD
• Plasma Enhanced CVD
• Plasma Assisted CVD
• Low Pressure CVD
• Others

U.S. Chemical Vapor Deposition, End-use Outlook (Revenue - USD Billion, 2019 - 2032)

• Solar Products
• Cutting Tools
• Microelectronics
• Data Storage
• Medical Equipment
• Others

U.S. Chemical Vapor Deposition Market Report Scope