The global atomic layer deposition market is estimated to be valued at US$ 1,841.7 million in 2021, according to the Global Atomic Layer Deposition Market report, by Product (Aluminum Oxide, Metal, Catalytic, Plasma Enhanced, and Others), by Application (Solar Devices, Semiconductors, Electronics, Medical Equipment, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East and Africa), published by Coherent Market Insights.
The global atomic layer deposition market is expected to surpass US$ 6,587.9 Million by 2030 and exhibit a CAGR of 15.4% during the forecast period (2022-2030). The chemical and structural purity of atomic layer deposition method has resulted in increased usage in a number of industries including electronics, chemical, healthcare, energy, and mechanical applications. Atomic layer deposition also allows the usage of sensitive substrates such as plastic or paper, which is not possible with traditional thin film coating methods.
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Browse 22 market data tables* and 18 figures* on "Global Atomic Layer Deposition Market” - Forecast to 2030.
Key Trends and Analysis of the Global Atomic Layer Deposition Market:
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Global Atomic Layer Deposition Market - Impact of Coronavirus (Covid-19) Pandemic
Due to the coronavirus pandemic, the world is still facing unprecedented challenges. Manufacturing companies of various end-use industries such as electronics, automotive, semiconductors, solar, and medical equipment are facing problems due to supply-demand disruption and building long-term strategies has become difficult. Growing concerns for freight rates and container shortages had cumulatively worsen supply chain problems. As a result, the demand for atomic layer deposition has decreased, which in turn, halted the market growth. Many countries imposed lockdowns, which affected the overall electronics industry. With the electronics industry affected, demand scenarios for atomic layer deposition in various countries were halted during lockdown.
The demand for semiconductors from various end-use markets such as medical electronics, aerospace equipment, power and energy products have declined in 2020 as companies postponed infrastructure investments, reduced manufacturing activities, or decreased operations, which in turn halted the demand for atomic layer depositions thereby reducing market growth. The COVID -19 outbreak affected the overall semiconductor and chip fabrication market from both the demand side and the supply side. The nationwide lockdowns and closure of semiconductor plants resulted in the supply shortage, which in turn affected the atomic layer deposition market negatively. However, these factors are expected to beshort-term and affect the demand of atomic layer deposition technologies temporarily. Moreover, governments are taking precautions across the world to support automotive and industrial sectors is expected to drive the global atomic layer deposition market growth.