High K and ALD/CVD Metal Precursors Market at a CAGR of 7.1% from 2021 to 2027

The Market Statsville Group (MSG) publishes the new report on the "High K and ALD/CVD metal precursors Market by Technology (Interconnect, Capacitors, and Gates), by Application (Semiconductor, and Non-Semiconductor), and by Region - Global Trends, Market Share, and Forecast to 2027". The global high k and ALD/CVD metal precursors market was valued at USD 501 million in 2020 to USD 754.58 million by 2027, at a CAGR of 7.1% from 2021 to 2027. The overhead for a custom design for LEDs is switching to electronic design automation (EDA) tools to automate their design process. In the III-V element group market, a rising focus towards the growing lighting market to replace the backlights in the LCDs is expected to drive demand for high-k materials in LED technology.

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LEDs provide 60,000 hours of life in contrast with 1,000 hours for incandescent lights and do not involve highly toxic chemicals such as Hg (mercury) in production. The LED market for these applications is expected to exhibit a growth rate of around 50% for backlighting and 35% for general lighting. Unitec Semiconductor S.A. is set to invest in building an advanced semiconductor factory facilitating the production of LED chips for the high-k metal precursors market, which further anticipated providing high growth prospects over the next seven years.

Global High K and ALD/CVD Metal Precursors Market Segmentation
The overall high k and ALD/CVD metal precursors market has been segmented into technology, application, and region.

By Technology (Interconnect, Capacitors, and Gates)
By Application (Semiconductor and Non-Semiconductor)
By Region (US, Mexico, Canada, UK, France, Germany, Italy, Spain, China, India, Japan, South Korea, Southeast Asia, Australia, UAE, Saudi Arabia, South Africa, Nigeria, Qatar, Israel, Brazil, Peru, Argentina)
Interconnect, by Technolgy, is estimated to hold the largest market share during the forecast period

Based on the component, the global high k and ALD/CVD metal precursors market has been segmented into interconnect, capacitors, and gates. In 2020, Interconnect accounted for the largest market share of 47.75% in the global high k and ALD/CVD metal precursors market and had a CAGR of 13.9% during the forecast period.

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In a fabrication technique, Aluminum (Al) or Copper (Cu) for patterning metals and introducing the barrier metal layers for protecting the Silicon from the potential damage in an Integrated Circuit, that technique is known as interconnects. High-k dielectric layers are increasingly prevalent in specific electronic components and devices, such as advanced Non-Volatile, Metal-Insulator-Metal capacitors, OLEDs, organic thin-film transistors, and DRAMs are the types of memory devices. For transistor scaling, high-k metal gate technology is used.

Asia Pacific accounts for the largest market share during the forecast period in the high k and ALD/CVD metal precursors market

Based on the regions, the global high k and ALD/CVD metal precursors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America was accounted for the highest market share of 63% in the global high k and ALD/CVD metal precursors market, followed by North America and Europe. The region is expected to continue to dominate during the forecast period as the factors such as average demand of electronic products in China and continued outsourcing of electronic equipment production to China. The growing demand for semiconductor devices in India, China, Russia, and Brazil, owing to the rising need for end-use electronic products with high portability, variety, and low cost, is expected to boost the regional market significantly.

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The key trend favoring the market growth in the U.S. is the increase of R&D activities in the nanotechnologies used in the semiconductor industry. Moreover, the escalating demand for fabricating semiconductor devices, such as 3D-stacked ICs, having multifaceted architecture and produced using cost-effective and seamless manufacturing processes, such as ALD, is expected to drive the market growth in the country.

The major players that operate in the global high k and ALD/CVD metal precursors market generated the highest revenue in 2020; some of the players are Air Liquide, Dow Chemicals, Air Products and Chemicals Inc., Merck Group, Nanmat Technology Co. Ltd., Praxair Technology Inc., Samsung Electronics Co. Ltd., Tri Chemical Laboratories Inc., TSI Incorporated, and JSR Corp.

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