Atomic Layer Deposition Market
Atomic layer deposition is used in the production of integrated circuits (ICs), various components and devices such as semiconductor devices and electronic component, and industrial applications. The growing demand for semiconductor devices in industries like consumer electronics, industrial equipment, automotive products, and healthcare equipment is driving the silicon wafer market and atomic layer deposition equipment demand.
Market Dynamics
As cosmetics witness a higher demand, demand for atomic layer deposition increase, particularly as people try to move to nonpetroleum-based products. A strong focus on personal grooming and good hygiene is propelling the cosmetics market growth, which in turn, is driving the global atomic layer deposition market growth. Atomic layer deposition act as nonpetroleum product alternatives for the cosmetics and personal care industry, which is expected to drive the global atomic layer deposition market growth.
Atomic layer deposition is widely used for conformal coatings in solar cells and devices. Hence, the rise in demand for solar devices is expected to drive the target market growth over the forecast period. Furthermore, the high growth of the solar energy industry is also driven mainly by increasing photovoltaic devices (PV) installations.
Key market players are focusing on product launches, product expansions, mergers, acquisitions, and partnerships in order to expand their business in the market. For instance, in February 2020, Forge Nano, a global leader in surface engineering and precision nano-coating technology and ALD NanoSolutions, Inc. merged to bring cutting edge surface engineering techniques to atomic layer deposition market. ALD NanoSolutions, Inc. is manufacturer of advanced materials that are transforming industries.
Key features of the study:
Detailed Segmentation:
*” marked represents similar segmentation in other categories in the respective section.
Atomic Layer Deposition Market Detailed Segmentation:
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