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CVD Coating Technology Market is Expected to Reach Demand for Advanced Coating Process
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Global CVD Coating Technology Market : Drivers & Restraints
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.
Global CVD Coating Technology Market : Segmentation
The global CVD coating technology market is segmented on the basis of CVD (Chemical Vapor Deposition) process types, applications and region:
On the basis of CVD (Chemical Vapor Deposition) process type, the global CVD coating technology market is segmented into:
APCVD (Atmospheric Pressure Chemical Vapor Deposition)
LPCVD (Low Pressure Chemical Vapor Deposition)
MOCVD (Metal-Organic Chemical Vapor Deposition)
PACVD (Plasma Assisted Chemical Vapor Deposition)
LCVD (Laser Chemical Vapor Deposition)
PCVD (Photochemical Vapor Deposition)
CVI (Chemical Vapor Infiltration)
CBE (Chemical Beam Epitaxy)
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On the basis of applications, the global CVD coating technology market is segmented into:
Automotive
Consumer Electronics
Metal Cutting Tools
Decorative
Aerospace
CVD Coating Technology Market : Regional Outlook
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.
Global CVD Coating Technology Market : Key Players
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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