High-k And CVD ALD Metal Precursors Market Projected to Grow at a CAGR of 6.3% Throughout 2022 – 2030
The global high-k And CVD ALD metal precursors market size is expected to reach USD 813.5 million by 2030 according to a new study by Polaris Market Research.
The market is expected to be driven by the growth in metal precursors and fluctuations in the supply and demand of the industry in several consumer electronic devices such as integrated circuits, capacitors, dielectric equipment, switches, ferromagnetic materials, and other electronic devices. Consumer electronics is one of the most popular industry segments driven by the surge in usage of High-k and CVD/ALD thin films in semiconductor manufacturing applications. Thin films and coatings contribute towards smaller and miniaturized electronic devices yet with the high standard of performance in consumer electronics. Besides, the industry is also gaining prevalence in automotive electronics as well as the biomedical industry—increasing usage of nonporous materials being used in drug delivery, tissue engineering, and implant applications.
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Asia Pacific holds huge dominance in the high-k and CVD ALD metal precursors industry, being a manufacturing hub for the semiconductor industry. China holds strong leadership in the region along with key Asian economies such as South Korea, Taiwan, and Thailand. They are expanding the electronics industry in China with increasing penetration of deposition techniques with the ever-growing microelectronics industry. The increasing number of smartphone users and personal computers is giving an impetus to the region’s growth.
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North America offers a strong industry opportunity for industry stakeholders with the ever-growing microelectronics industry. There is a strong push by the USA to move away from its reliance on the import of microelectronics from China which is likely to create strong domestic manufacturing and substantiate industry demand. Continued advancement in the integration of modern electronics and artificial intelligence across industry verticals is likely to spur the industry demand of the region.
Major participants such as Dow Chemicals, Nanmat Technology, Samsung Electronics, Air Liquide, Air Products Inc., Colnatec LLC, DuPont, Entegris, Inc., JSR Corporation, Linde plc, ADEKA Corporation, UP Chemical Co., SAFC Hitech, Strem Chemicals, Inc., Tri Chemical Laboratories, Merck Group, and Praxair are some of the key players competing in the global industry. Major players are investing a lot in R&D and expansion of footprints to make advancements in technologies and meet the growing industry demand.
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Polaris Market Research has segmented the high-k And CVD ALD metal precursors market report on the basis of technology, end-use, and region:
High-k And CVD ALD Metal Precursors, Technology Outlook (Revenue USD Million, 2018 – 2030)
High-k And CVD ALD Metal Precursors, End-Use Outlook (Revenue USD Million, 2018 – 2030)
- Consumer Electronics
- Aerospace & Defense
- IT & Communication
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