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English2023-2029 Global CVD and ALD Precursor Market Outlook
With the rapid development of technologies such as semiconductors, flat panel displays, and solar photovoltaics, chemical vapor deposition (CVD) and atomic layer deposition (ALD), as two important thin film preparation technologies, are receiving widespread attention in the industry. As the core materials of these two technologies, the CVD and ALD precursor markets are also showing a booming development trend. According to QYResearch's latest report "Global CVD and ALD Precursor Market Report 2023-2029", we will conduct in-depth analysis and insights into this market from multiple perspectives, including market size, competitive landscape, product types, and consumer markets.
1. Market size and growth trend
The report shows that the global CVD and ALD precursor market size has reached US$1,670.8 million in 2023 and is expected to grow to US$2,791.0 million by 2029, with a compound annual growth rate (CAGR) of 9.17%. This growth is mainly due to the rapid development of downstream application fields such as semiconductors, flat panel displays and solar photovoltaics, as well as the continuous emergence of new materials and technologies.
2. Competition Landscape Analysis
Globally, the CVD and ALD precursor markets present a relatively concentrated competition landscape. Merck, Air Liquide, SK Material, Lake Materials, DNF, Yoke (UP Chemical), Soulbrain, Hansol Chemical, ADEKA, Dupont, Nanmat, Engtegris, TANAKA, Botai, Strem Chemicals, Nata Opto-electronic Material and Longyang Biochemical are the main players in the market. Among them, the top five manufacturers occupy about 79% of the market share by virtue of their advantages in technology, brand, channels and other aspects.
3. Product Type and Market Share
From the perspective of product types, silicon precursors are currently the most important product segment. Due to their high purity, high stability and good film-forming properties, silicon precursors are widely used in semiconductors, flat panel displays and other fields. In 2022, the consumer market for silicon precursors accounted for approximately 32.7% of the global CVD and ALD precursor markets. In addition, other types of precursors such as metal precursors and high-k precursors also have their own characteristics and have irreplaceable positions in specific fields.
4. Consumer Market and Geographical Distribution
From the perspective of the consumer market, Asia is the world's largest consumer market for CVD and ALD precursors. Thanks to the rapid development of Asian countries such as China, Japan, and South Korea in the fields of semiconductors and flat panel displays, Asia accounts for about 80.7% of the global market share. North America and Europe follow closely behind, each occupying a certain proportion of the market share. It is expected that in the next few years, with the continued economic growth and continuous technological advancement in Asia, its market share will further expand.
5. Future Outlook
Looking ahead, the global CVD and ALD precursor market will continue to maintain a rapid growth trend. On the one hand, with the continuous development of technologies such as 5G, Internet of Things, and artificial intelligence, the demand for high-quality thin film materials in downstream application fields such as semiconductors and flat panel displays will continue to increase; on the other hand, the continuous emergence of new materials and new technologies will also bring new growth points to the CVD and ALD precursor markets. At the same time, with the continuous improvement of environmental awareness and the popularization of green manufacturing concepts, environmentally friendly and low-energy CVD and ALD precursor products will receive more attention.
In summary, the global CVD and ALD precursor market has broad development prospects and huge market potential. For market participants, they should pay close attention to market dynamics and technological development trends, strengthen technological research and development and product innovation to seize market opportunities and achieve sustainable development.