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The Global Aerosol Propellants Market Size, Share & Trends, Product, Application And Segment Forecasts, 2019 – 2025

The global aerosol propellants market size was estimated at USD 7.74 billion in 2018 and is expected to expand at a CAGR of 5.2% over the forecast period. Increasing demand for aerosol products, such as air fresheners, paints, and deodorants is expected to be the primary factor contributing to the growth. Furthermore, growing product application in personal care products is expected to fuel the demand.

Increasing adoption of the aerosol-based in cosmetics, pharmaceuticals, and personal care products is likely to drive the growth. Growing skincare industry in emerging economies is also impelling the demand for aerosol propellants. Moreover, increasing demand for fragrances due to rise in the spending power of consumers is fueling the growth.

Growing automobile industry in U.S. and Mexico is predicted to fuel the product demand in the forthcoming years. Furthermore, growing construction and automotive sector in the emerging economies of Asia Pacific, such as India, China, and Malaysia are also expected to drive the demand for aerosol propellants. Latin America and Middle East and Africa are also expected to expand at a steady CAGR over the forecast period.

Europe led the market in the past and is expected to witness considerable growth in near future due to growing demand for such products in U.K. North America is also expected to witness substantial growth in the forthcoming years due to escalating demand for personal care products.

Inclination of emerging economies, such as India and China towards promoting favorable investments is anticipated to create growth opportunity for the aerosol propellants market. Moreover, innovations to introduce environment-friendly, economic, and low VOC products, is also predicted offer lucrative opportunities in near future.

Prohibition on the use of CFC and HFC in most parts of North America and Europe is restraining the market growth. Hydrocarbon propellants have zero ozone depletion potential and less atmospheric residence time. Hence, several health and environmental risks associated with the use of propellants in aerosol products are hampering the demand.

Hydrocarbons segment accounted for USD 6.28 billion in 2018 and is projected to expand at a CAGR of 4.9% from 2019 to 2025 due to high stability, less toxicity, and low cost of the product. In addition, hydrocarbons are ideally used for water-based products, since they do not comprise halogen group thereby accounting for a high product demand.

Hydrocarbons, such as propane, isobutene, ethane, and butane are either used as mixtures or alone, or combined with other gases to achieve the required vapor pressure, degree of flammability and density. Hydrocarbon propellants are used in pharmaceutical aerosols due to non-toxicity and non-reactivity, and eco-friendly nature, leading to acceptance and growing demand.

DME and methyl ether segment accounted for 9.8% of the global market in 2018 and is anticipated to expand at a CAGR of 4.9% in near future owing to various advantages including water miscibility, solvency, and chemical stability, making it ideal for application in hairsprays and paint sprays.

Low price of DME coupled with low toxicity and eco-friendly nature is expected to drive the growth during the forecast period. Furthermore, high demand for air fresheners and cosmetic products coupled with increasing use for the manufacturing of these products is anticipated to propel the market expansion in the years to come.

Personal care industry accounted for 34.3% of the global market share in 2018 and is anticipated to expand at a CAGR of 4.8% from 2019 to 2025. Rise in health issues and demand for hygiene products, such as infant care, deodorants, skin care, hair care products, and antiperspirants are few factors propelling the growth.

Aerosol propellants are used in personal care products, such as antiperspirants, deodorants, and hair sprays. Hence, escalating demand on the global scale is driving the segment growth. High demand for deodorants due to increasing spending power of consumers is expected to augment the demand from personal care industry.

Household segment was estimated at USD 2.72 in 2018 due to increasing applications in stain removers, starch, fabrics and household surfaces, water repellents for leather and fabric, and anti-static sprays and air fresheners, among others. Speedy globalization and growing well-organized retail industry are propelling the demand for these products.

Growing awareness regarding hygiene and booming home furnishing market is expected to augment the demand for aerosol propellants in household application. Rising usage of insect repellents and air fresheners is also driving the market. Additionally, high demand for deodorants and shaving creams among younger population in developing economies is impelling the market.

Easy availability of raw material impacts the production and price of aerosol propellants. Presence of natural gas reserves is expected to increase the production of hydrocarbons including butane, propane, and isobutene, thereby driving the market. Moreover, ban on CFC by European economies is leading to increased use of hydrocarbons and DME.

Increasing acceptance of DME by emerging economies, due to its low toxicity and economic pricing is expected to propel the market growth. Furthermore, increasing use of DME in solvents and water-based systems is predicted to drive the demand. Increasing applications of DME for hair spray and paint application is also expected to drive the growth.

Europe accounted for USD 2.49 billion in 2018 and is expected to expand at a CAGR of 5.0% from 2019 to 2025 due to the presence of robust manufacturing base of cosmetic products in economies, such as U.K., Germany, Spain, and France. Furthermore, increasing use of make-up products by women aged 18 to 25 is expected to drive the regional market. Europe holds significant share of global home furnishing market, which is expected to positively impact the growth. Moreover, availability and fluctuation in raw materials prices, such as methanol and natural gas is expected to influence the aerosol propellants pricing.

North America is expected to register notable gains over the forecast period due to growing scope of application in the automotive industry, especially in U.S. and Mexico. In addition, high adoption of aerosol products in the region is expected to benefit the market expansion. Moreover, presence of key market players is also propelling the region market growth.

The key companies in the industry are focused on new product developments in deodorants and shaving creams, which will ultimately promote revenue generation. Growing automobile production is expected to propel the demand for paints and coatings, which is expected to augment the product demand during the forecast period.

The market players compete with one another on the basis of product and price and operate direct and third party-based distribution channels with their clients. The major players are involved in the development of advanced product formulations in a bid to increase the market share and sales.

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global aerosol propellants market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
    • Hydrocarbons
    • Nitrous Oxide and Carbon Dioxide
    • DME and Methyl Ethyl Ether
    • Others
  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
    • Household
    • Personal Care
    • Paints & Coatings
    • Medical
    • Automotive & Industrial
    • Foods
    • Others
  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa
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Zinc Oxide Market 2017- U.S. Zinc, Horsehead Corporation, Umicore SA

Market Reports, recently published a detailed market research study focused on the “Zinc Oxide Market” across the global, regional and country level. The report provides 360° analysis of “Zinc Oxide Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Zinc Oxide industry, and estimates the future trend of Zinc Oxide market on the basis of this detailed study. The study shares “Zinc Oxide Market” performance both in terms of volume and revenue.

Top Manufacturers Analysis of This Report

U.S. Zinc,
Horsehead Corporation,
Umicore SA,
G.H. Chemicals Limited,
Weifang Longda Zinc Industry Company Limited,
Seyang Zinc Technology (Huaian) Company Limited,
Hindustan Zinc Limited,
Hakusuitech Company Limited,
American Chemet Corporation,
Numinor,
Akrochem Corporation,
Rubamin Limited

The market research report explores the Zinc Oxide market across the globe along with major regions and countries. The research report provides a detailed study on each and every aspect of “Zinc Oxide Market”. The research report studies the entire value chain from raw material to end user industries. The report also shares import/export statistics along with production and consumption for all major regions and countries. Moreover, the research study classifies the Zinc Oxide market based on major product types, application and end users industries of Zinc Oxide. Besides, the report also covers geographical segmentation for Zinc Oxide market. The report further provides production, capacity, price per region, gross margin, production cost, for all major regions and countries listed in report.

The competitive landscape of the global market for Zinc Oxide is determined by assessing the major industry participants, production capacity, production capacity utilization rate, Zinc Oxide market’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the Zinc Oxide market globally.

The worldwide Zinc Oxide market 2017 is further analyzed on the basis of product pricing, Zinc Oxide production volume, data pertaining to demand and Zinc Oxide supply, and the revenue garnered by the product. The report provides upstream and downstream analysis covering major raw material used in manufacturing of Zinc Oxide along with detailed manufacturing sources. The report also shares list of major raw material manufacturers along with their manufacturing locations. Detailed raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Various methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to present a comprehensive, detailed study of the industry for Zinc Oxide across the world.

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The Global Aerospace Floor Panels Market Size, Raw Material, Aircraft, Use And Segment Forecasts, 2018 – 2025

The aerospace floor panels market was estimated at 341.2 million in 2016. Rising military expenditure across major economies of the world, in addition to robust growth of the aerospace industry, is expected to drive product demand over the forecast period. Furthermore, technological advancements in this sector will boost this market. Floor panels are crucial products used in all types of aircraft: narrow body, wide body, and very large aircraft (VLA).

The U.S. market for aerospace floor panels was estimated to be valued at USD 93.5 million in 2016 and is anticipated to expand at a CAGR of 5.9% from 2017 to 2025. Panels are manufactured using nomex honeycomb, aluminum honeycomb, titanium honeycomb, and thermoplastic honeycombs. These raw materials are used to manufacture panels that find application in military, commercial, and business aircraft.

A large number of research agencies have been conducting R&D activities and investments in this industry for several years. Research has proved the benefits of honeycomb materials and aerospace composites for the manufacture of aerospace floor panels. Some key methods used for manufacturing honeycomb panels are heated press and vacuum bag processing.

The aerospace sector has experienced increasing demand for defense aircraft. The U.S. government has made efforts to increase their defense budgets in order to expand its fleet of aircraft and ships. This will eliminate sequester, which is likely to result in higher defense spending.

With the rise in global tension, demand for military and defense products is increasing in North Korea, Eastern Europe, Middle East, and South and East China Seas. This, in turn, has resulted in increased military spending globally, most notably in UAE, Saudi Arabia, India, Japan, South Korea, and China. Many of these countries have started investing in advanced military aircraft to improve their military strength and portfolios.

Aerospace and defense companies are investing heavily to develop products and components with improved operational performance, thereby resulting in the adoption of high-performance composites and similar materials. Countries such as China, U.S., and UAE have increased their defense spending in recent times, owing to the rising incidences of security challenges and threats. Administration bodies in the U.S. have taken initiatives to strengthen the U.S. military by adding new and advanced defense aircraft and ships to their fleet.

The regulatory framework for these panels is governed by the Toxic Substances Control Act of 1976 (TSCA), the Comprehensive Environmental Response, Compensation, and Liability Act (CERLA), Workplace Hazardous Materials Information System (WHMIS), and the Resource Conservation and Recovery Act (RCRA), among others. These specify chemical and physical dangers of various types of honeycombs and their general requirements for storage and use of concerning raw materials.

Nomex honeycomb, aluminum honeycomb, and titanium honeycomb are major raw material sources used for manufacturing aerospace floor panels. Prices of these raw materials are expected to have a significant impact on the production cost of floor panels used in aircraft. Panel manufacturers have entered into contracts with aircraft manufacturers to supply these products for specific businesses.

Nomex honeycomb accounted for 71.0% of the global market in 2016. This lightweight material has a wide application scope owing to their high specific strength and stiffness. Also, they are compatible with most adhesives, present fire-resistant (self-extinguishing), corrosion-resistant, and excellent dielectric properties, are thermally insulating and have good thermal stability. These properties have made it a preferred choice in manufacturing such panels.

Aerospace floor panels are used in all types of aircraft such as narrow body aircraft, wide body aircraft, and very large aircraft, and find use in commercial, military, and business applications.

Narrow body aircraft accounted for 70.5% of the global aerospace floor panels market in 2016. These aircraft are widely used across the globe for short-haul operations and short distances on both domestic and international routes. In addition, these aircraft are manufactured for intense operations with quick turnaround times at airports and for high flight density. Furthermore, maintenance, navigation, and other expenses can be up to 1.5-2 times lower than wide body aircraft.

The wide body aircraft segment is expected to register the fastest growth in the industry over the forecast years. In regions such as Asia Pacific, Europe, and North America, air passenger traffic has been increasing with time. Thus, instead of operating many small airplanes, a larger one that can carry many passengers at once is preferred. This trend is expected to propel the demand for wide body aircraft over the forecast period.

Commercial aviation was the largest end-use segment, accounting for 59.4% of the global revenue in 2016. Air passenger traffic has been increasing consistently over the years and this trend is expected to continue over the forecast period. Passenger traffic is increasing year over year, supported by increasing deliveries from manufacturers. Also, an increase in the number of routes that connect various cities has facilitated air passenger traffic in the region.

In addition, travel between business hubs such as London and New York has seen an increase over the years owing to the expansion of businesses by MNCs.Growth of the aerospace industry in countries such as India and China is expected to propel the demand for these panels. In addition, tourism activities in these regions have been increasing over the recent past and are expected to continue rising over the forecast period as well. Travel airfares to regions such as India are cheaper and thus are preferred tourist destinations.

Asia Pacific dominated the market for aerospace floor panels in terms of revenue in 2016 at a size of USD 131.4 million. This region is projected to expand at a CAGR of 6.7% from 2017 to 2025. Increasing demand for various types of aircraft in countries such as India and China is expected to propel market growth over the forecast period.

Positive political activities such as improved trade relations between Indian and China have facilitated business growth in these countries, thus, leading to an increased number of meetings and travel between these nations. In addition, tourism activities in these regions have been increasing over the past few years, and this trend is expected to continue over the forecast period. Airfares to travel to regions such as India are cheaper and thus, are preferred tourist destinations. This is expected to increase air passenger traffic in this region, thereby boosting industry growth over the forecast period.

Key players in the global market for aerospace floor panels include Rockwell Collins Inc.; Zodiac Aerospace; Triumph Group Inc.; The Nordam Group Inc.; AIM Aviation Ltd.; EnCore Group; and The Gill Corporation. Aerospace floor panels manufactured by these companies are moved across the value chain with the help of distributors or are directly supplied to OEMs by manufacturers.

Companies are emphasizing partnerships, new product development, and M&As with key players to increase their share and strengthen their competitive abilities. Major aircraft manufacturers such as The Boeing Company, Airbus, Lockheed Martin, Bombardier Aerospace, and Gulfstream Aerospace account for a major share in terms of consumer base and end use.

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global aerospace floor panels market report on the basis of raw material, aircraft type, end use, and region:

  • Raw Material Outlook (Revenue, USD Million, 2014 – 2025)
    • Nomex honeycomb
    • Aluminum honeycomb
    • Others
  • Aircraft Type Outlook (Revenue, USD Million, 2014 – 2025)
    • Narrow body aircraft
    • Wide body aircraft
    • Very Large Aircraft(VLA)
  • End-use Outlook (Revenue, USD Million, 2014 – 2025)
    • Commercial aviation
    • Military aircrafts
    • Business jets
  • Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • The U.S.
    • Europe
      • The U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • UAE
      • Saudi Arabia
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The Global Point of Use Water Treatment Systems Market Analysis, Technology, Device And Segment Forecasts, 2018 – 2025

The global point of use water treatment systems market was valued at USD 16.8 billion in 2016 and is anticipated to ascend at a CAGR of 8.1% by 2025, owing to the increasing water pollution coupled with rising urban population along with growing health awareness among the younger demographic. Stringent regulatory guidelines to restrict pollution in drinking water, coupled with global health awareness offered to augment the adoption of water treatment systems market are predicted to drive the point of use water treatment systems market over the forecast period. The point of use water treatment systems are priced in an affordable range for consumers. Increasing health awareness in the developed regions like North America and European regions along with the developing regions in the Asia Pacific is expected to augment market growth by 2025.

In 2016, reverse osmosis systems led the technology segment, with a sizeable share of 43.9%, principally owing to the extensive penetration of this technology and the hassle-free installation and usage. In terms of volume, RO technology contributed over 208.9 million units in the global point of use water treatment systems market in 2016. Although RO systems are predicted to witness a slowdown by 2025, mainly due to manufacturers launching systems that have technologies in combination, for instance, RO and UV systems.

Increasing adoption of alternative upcoming technologies having more efficiency and improved features. Distillation technology is the second-largest application and is estimated to witness a measured increase in terms of manufactured units during the forecast period, owing to affordable products coupled with better designs and other benefits. Disinfection systems technology is a mature established technology in the point of use water treatment systems market and is predicted to be valued at USD 5.7 billion by 2025. Lastly, filtration systems were valued at USD 3.5 billion in 2016, is also a mature technology in the point of use water treatment systems market.

Tabletop pitchers point of use water treatment systems market was valued at USD 6.9 billion in 2016 and is predicted to be valued at USD 14.6 billion by 2025, mainly owing to the affordability of the product coupled with convenience in use. Faucet mounted filters are estimated to grow at 6.8% CAGR over the forecast period. These filters find wide adoption especially in developing regions like India and South Africa. In terms of units, the countertop unit segment contributed over 45.5 million in 2016 and is projected to account for 165.9 million by 2025.

Countertop units are extremely popular in Asian countries including China and South Korea, owing to the economical prices and larger capacity dispensed by these units. On the other hand, under the sink filters find wide adoption in Europe and North America due to aesthetics as these units are concealed and kitchen counters look decluttered. Under the sink, the segment accounted for 28.7 million units of the point of use water treatment systems market in 2016 and is projected to reach 68.5 million units by 2025.

In terms of applications, the point of use water treatment systems market has been classified into residential and non-residential segments. In 2016, the non-residential segment was valued at USD 12.1 billion and is projected to reach over USD 25.9 billion by 2025. The non-residential segment includes small scale commercial, industrial, healthcare facilities, education institutions, sports facilities, and transportation facilities. In terms of units, the residential segment contributed 113.5 million units in 2016 and is projected to reach 392.0 million units by 2025. Growth in the residential segment can be attributed to the exponential growth in residential construction across the world.

The Asia Pacific dominated the global point of use water treatment systems market with over 31% of the global revenues in the world. In 2016, China point of use water treatment market was valued at USD 1.57 billion and is predicted to expand over USD 2.47 billion by 2025. China has a large presence of local manufacturers and suppliers on the equipment helping it dominate the global scenario, primarily due to large-scale investments made for developing the technology.

Europe emerged as the second-largest market in 2016 and is projected to be valued at USD 4.5 Billion, in terms of revenue, in the global point of use water treatment systems market over the forecast period. UK and Russia led the regional market, cumulatively accounting for more than 47% of the Europe market.

North America point of use water treatment systems market, led by the U.S., was valued at over USD 3.5 Billion in 2016 and is predicted to expand over USD 4.6 by 2025. North America is an extremely mature market, where consumer awareness regarding the importance of a healthy lifestyle and potable drinking water is high.

Key industry players in the point of use water treatment systems market mainly include 3M, Philips, Pentair, Panasonic, Unilever, LG Electronics, EcoWater systems, A.O. Smith, Culligan International, and Amway. It is an established market with numerous local and international companies.

Manufacturers in the point of use water treatment systems market are paying close attention to the developments in the water purifier business, and formulating new business strategies to consolidate their market position. Companies are investing heavily in the research and development and introduce innovative designs along with enhanced capacities, to augment their adoption.

This report forecasts revenue growth at global, regional & country levels, and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the point of use water treatment systems market on the basis of technology, device, application, and region.

  • Technology Outlook (Volume, Million Units; Revenue, USD Billion; 20142025)
    • Reverse osmosis technology
    • Distillation systems
    • Disinfection methods
    • Filtration methods
  • ApplicationTypeOutlook (Volume, Million Units; Revenue, USD Billion; 2014 – 2025)
    • Residential
    • Non-residential
  • Device Type Outlook (Volume, Million Units; Revenue, USD Billion; 2014 – 2025)
    • Tabletop pitchers
    • Faucet mounted filters
    • Countertop units
    • Under the sink filters
  • Regional Outlook (Volume, Million Units; Revenue, USD Billion; 20142025)
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • Russia
      • The U.K.
      • Spain
      • Italy
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
    • Central & South America
      • Brazil
    • The Middle East and Africa
      • UAE
      • Saudi Arabia
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The Global Atomic Layer Deposition Market Size, Share & Trends, Product Type, Application, Region Segment Forecasts, 2018 – 2025

The global atomic layer deposition market size was valued at USD 1.09 billion in 2016. It is a key process in the fabrication of semiconductor devices, and part of the set of tools available for the synthesis of nano-technology materials. Atomic Layer Deposition is considered as one of the superior deposition methods for producing thin and conformal films.

The industry is expected to be driven by the growing electronics industry and semiconductor solutions particularly in the Asia Pacific and North America. Various deposition instruments are used in the manufacturing of semiconductor categories such as copper electrodes, High-K dielectric gate stacks, and copper barrier/seed layers. Rising demand for electronic components in the automotive industry is expected to increase the demand for semiconductors and hence, directly impact the atomic layer deposition market positively.

Component miniaturization is one of the recent technological advancements in the global electronics sector. In the past few years, introduction of materials such as porous, Hf(Si)O, SiOC, AlO, ZrO, LaO, and SiC have resulted in higher efficiency and stability of substrates. Some of the other factors that are driving the market include increasing demand from current & emerging applications such as dye-sensitized solar cells, efficiency enhancement, and technological development. However, high investment cost in R&D is expected to restrain its application in several industries, therefore, many manufacturing companies prefer the atomic layer deposition technique to produce smaller components with comparatively low cost.

Increasing concerns for global warming climate change and has encouraged governments around the globe towards renewable & green energy sources. The subsidies offered by government have encouraged the growth of the solar power industry. Thin-film materials overcome this problem with their properties of efficiency and reliability. This material offers miniaturization and is one of the reasons for the MEMS industry to increasingly utilize micro components. In countries such as Germany, India, the U.S., and UK governments have been providing fiscal incentives and schemes to drive the use of renewable energy.

The global vapor deposition industry is rapidly growing with chemical vapor (CVD) accounting for a significant share. Other technologies include epitaxy, physical vapor (PVD), and atomic layer deposition. However, the advanced and feature-rich outputs of ALD systems result to give high deposition performance, high rates of production, and minimal waste.

The technology is largely present in almost all high-end products in industries such as automobile & other transportation, wearable health monitoring devices, and solar PV. ALD is a prominent technology to lower the cost in manufacturing advanced electronic products. The brightness and longevity of LED and precision optical layers are made by ALD for various specific applications. In medical technology, lifetime of various medical implants equipment is enhanced by biosynthesized ALD coatings.

Aluminum oxide ALD is expected to remain the largest type of product segment by 2025 which was valued at USD 328.2 million in 2016. With the abundance of aluminum, the demand for aluminum oxide film using this deposition technique is also anticipated to increase in industrial penetration. Deposited aluminum oxide film is known to contain effective permeation barriers owing to alumina’s pin-hole free morphology and uniformity. The aluminum oxide film acquires the maximum share of the type of technology due to its excellent characteristics, stability to numerous substrates, easy availability of precursor material, and optimal base metal prices.

Technological developments in the precursor materials and substrates is a major trend for the industry. The advancements have resulted in plasma enhanced-atomic layer deposition (PEALD) as the fastest-growing category. PEALD is a key enabler of logic devices and nanoscale memory owing to the characteristics such as thickness controllability and superior conformity.

The extensive research initiatives for the technology concerning enhanced nucleation have resulted in deposition on particles and polymers. This technology type holds a smaller share of the overall market due to high capital costs and specific applications. For instance, ALD on polymers mitigates numerous challenges concerning space polymers. However, it reduces the rate of oxygen-atom erosion and vacuum ultraviolet (VUV) of polymers in spacecraft.

The atomic layer deposition industry has numerous promising areas of application. The semiconductor industry was the leading application sector in 2016 while accounting for over 40% of the total revenue in the same year. The semiconductor technology node transition and the drive for miniaturized components have indeed contributed to the development of the global semiconductor industry. The need for a shrinking device dimension in tandem with high durability has tremendously increased the application scope of deposition technologies.

The technology in the semiconductor industry finds applications in both IC (Integrated Circuit) and Non-IC components. The other application sectors for the technology include flexible electronic devices, fuel cells, solar cells, medical devices, and data storage devices.

The changing consumer preference and government initiatives to reduce greenhouse gas emissions have resulted in swift growth of the solar sector. The technique is widely used for conformal coatings in solar cells and devices. Solar devices are expected to be the fastest-growing application sector over the prediction period.

The high growth of the solar energy industry is primarily driven mainly by increasing PV installations in economies including China, the U.S. Japan, India, Poland, and the U.K. Countries such as India and Japan are ideal solar markets due to high insolation, comparatively higher energy costs, increasing concerns regarding greenhouse gas emissions, and low electrification costs.

Asia Pacific was the dominant region in 2016 with revenue estimated over USD 504 million for the same year. The rapidly growing demand from end-use industries such as semiconductors, electronics, medical equipment industry, and the solar sector has led Asia Pacific to achieve the maximum market share.

The deep-rooted electronics manufacturing base in South Korea, China, and Taiwan have led to increased demand for the deposition technologies. The proliferating manufacturing of electronics products, tremendous modernization, and growing economies coupled with rising consumer electronics spending have backed up the growth of this region.

Some of the Asian countries offer lucrative opportunities for the industry participants due to increase in capacity of solar photovoltaics. China, India, Japan, Indonesia, South Korea, and Taiwan have led the ALD growth due to burgeoning solar panels manufacturing and installations.

North American ALD market followed Asia Pacific in 2016 in terms of market capitalization. The U.S. and Canada are the major contributors to the growth of the regional market. The U.S. emerged as the frontrunner and is estimated to grow at a CAGR of 12.2% over the next eight years. The key growth driver for North America’s market includes productive government regulatory support for encouraging domestic level private investment, which is likely to be a significant factor for the region’s growing semiconductor and consumer electronics industry.

The global atomic layer deposition market inherits an intense competition among the key international players. Technological advancements and innovative product launches are the major aspects contributing to the competition. The key companies in the industry include Lam Research Corporation, ASM International NV, Applied Materials Inc., Aixtron SE, and Adeka Corporation.

Some of the major companies have undertaken recurrent technological upgradations and product launches for manufacturing superior quality conformal films and gaining sustainability in the sector. These aspects are worked upon by the companies concerning to demand from consumers and industry dynamics.

Some other industry players offering the technology include Tokyo Electron Limited, Denton Vacuum LLC, Kurt J. Lesker Company, Beneq Oy, Veeco Instruments, Canon Anvela Corporation, Picosun Oy, Entergis Inc., and ALD NanoSolutions, Inc.

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the global atomic layer deposition market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Metal
    • Aluminum Oxide
    • Plasma Enhanced
    • Catalytic
    • Others
  • Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Semiconductors
    • Solar devices
    • Electronics
    • Medical equipment
    • Others
  • Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • The U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Middle East & Africa
    • Central & South America (CSA)
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The Global Child Resistant Re-Closable Edible Bags Market Size, Share & Trends, Function Type, Use Segment Forecasts, 2019 To 2025

The global child resistant re-closable edible bags market is expected to witness positive growth over the forecast period.

In today’s packaging products, safety of edible products is considered to be of paramount importance. Designs in packaging today have to take into consideration the safety of not just the product itself, but also the safety of the user. Packaging in this day and age demands to be child-resistant.

Innovations in packaging have led to the developments in design that makes the product within the package inaccessible to children. These are termed as child-resistant packaging. These are available in two forms namely re-closable and non-re-closable.

Dr. Henri Breault was the first to develop child-resistant packaging back in the 70s. The wide application in the pharmaceutical industry has led to the imposition of regulations by international and national authorities that require testing of the packaging before approval. Through the years, child-resistant re-closable edible bags have helped decrease the incidents of unintentional child poisoning due to ingestion of drugs all over the world.

With the legalization of marijuana in a few sates of the U.S. and the commercialization of marijuana; the respective producers have accepted child-resistant packaging with open arms. Ease of production of flexible packaging and its wide adoption among the consumers has led to innovations in design that incorporate child-resistant features. One of the upcoming child-resistant packaging types is the child-resistant re-closable edible bags.

The increasing demand for functionality in the packaging of products, safety is an unsaid factor to be taken into consideration for packaging of edible products. The pharmaceutical industry specifically has taken steps through the years to develop packaging solutions that capture this essential factor.

This has led to the increased safety of children and a major decline in unintentional child poisoning. With the pharmaceutical industry booming across the globe, child-resistant re-closable edible bags market is expected to witness a positive impact. The trend has caught up with the “consumer goods” segment and the “cosmetics, food & beverages, and pet food” industries have widely adopted child resistant re-closable edible bags as well. With the increasing demand for packaged goods due to the “on the go” lifestyle of consumers, we can expect the child-resistant re-closable edible bags market size to witness an exponential growth through the forecasted period.

Testing of the re-closable edible bags by international and national authorities requires the packaging of the product to fulfill certain guidelines that have been laid down. This will act as a restraint for the child-resistant re-closable edible bags market size. The global market size spans function type, end use, and geography. On the basis of Function Type, the global market size spans zippers, sliders, and a combination of sliders and zippers.

On the basis of End Use, the global market size spans consumer goods, chemical, pharmaceutical, nutraceuticals, pet food, granules, powders, and other mixes, and so on. On the basis of Geography, the global market size spans North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size is expected to grow during the forecast period. Europe is expected to continue being the dominant market for child-resistant re-closable edible bags.

The increasing demand for child-resistant re-closable edible bags in the consumer goods, healthcare, and pharmaceutical sector will stimulate the demand for the child-resistant re-closable edible bags to market globally. The key players of global child resistant re-closable edible bags market are BSI Group, Healthcare Logistics Inc., Sun Grown Packaging, and Loksak Inc.

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The Global Fiberglass Pipe Market Size, Share & Trends, End-Use And Segment Forecasts, 2018 – 2025

The global fiberglass pipe market size was estimated at USD 3.83 billion in 2016. Increasing need for lightweight, fire retardant, high corrosion resistance and high stiffness pipes is expected to be a key factor driving the global market growth over the forecast period.

Fiberglass pipes are composite materials which have combine properties of two or more materials such as glass fibers and resins, that are used in various end-use industries such as chemicals and irrigation. The key end-use industries include oil & gas, irrigation, chemicals, sewage and others. The industry is mainly driven by the GRE product segment owing to its application in various offshore and onshore oil & gas production and exploration activities.

The U.S. was estimated at USD 562.9 million in 2016 and is anticipated to grow at a CAGR of 4.3% from 2017 to 2025. U.S senate introduced Water Resources Development act of 2016, to invest in water infrastructure improvements and to reduce corrosion resistance failures with existing installations. This provides ample opportunities for the manufacturers to supply cities with high corrosion-resistance pipes.

The global demand is driven by increasing need for products that offer advantages such as easy installations, low maintenance costs, flexibility in producing complex shapes, and immunity to corrosion. Traditional products such as poly vinyl chloride (PVC), concrete, and steel fail to meet the changing consumer requirements, which is booming the growth.

The market is gaining widespread acceptance as a viable alternative to conventional ones owing to factors such as long-life span due to greater corrosion resistance and easy handling due to lower weight. Increasing acceptance of its usage various applications as a result of stringent regulations is also bolstering the growth. Fiberglass pipes also offer advantages such flexibility in manufacturing the product in varied range of diameters and shapes to suit the customer needs in wide variety of applications. Excellent hydraulic features are maintained during the operation due to less internal friction inside the product’s surface.

In terms of revenue, GRE segment accounted as the largest segment and is expected to reach USD 3.14 billion by 2025 growing at a CAGR growth of 5.3% over the forecast period. It accounted for 51.9% of the global revenue share in 2016.

Fiberglass pipes reinforced with epoxy resins are suitable in applications that operate under extreme pressure and thermal conditions that require high corrosion resistance such as industrial and offshore oil & gas applications. In addition, with the approval of International Marine Organization (IMO) for the use of these products in level 3 fire endurance marine applications, the demand is projected to increase significantly from 2017 – 2025.

E-glass fiber was estimated as the largest segment in 2016, accounting for 57.0% of the global revenue share. E-glass fiber is used as reinforcement in many composites. The product enhances the resin’s performance as a strengthening agent. The market for E-glass fiber is partially consolidated with the presence of players such as PPG Industries, Saint-Gobain Vertotex, and Nippon Electric Glass Co., Ltd. E-glass fiber is used in applications such as drainage in construction and marine cooling.

Oil & gas industry emerged as the leading end-use segment and accounted for 41.9% of the global revenue share in 2016. It was followed by chemicals and irrigation as the second and third largest market respectively,in terms of revenue. The market is highly influenced by the oil & gas end-use industries in the emerging countries in Asia Pacific, South & Central America and Middle East & Africa. This is attributed to the energy & infrastructure reforms initiated to upgrade their ageing infrastructure and meet their energy needs owing to rapid growth development in these regions.

In addition, chemical Industries is one of the established and rapidly growing markets in Europe and North America. Fiberglass pipe growth in North America and Europe is augmented by the falling prices of natural gas, which is used as feedstock in many chemical processing industries. Construction is a diverse industry that is expected to experience robust growth due to growing infrastructural development in the region, especially in China, India and Saudi Arabia.

Asia Pacific leads the fiberglass pipe market in terms of revenue in 2016, and this trend is expected to continue over the forecast period. It was estimated at USD 1.58 billion in 2016 and is projected to grow at a CAGR of 6.8% from 2017 to 2025.

In emerging economies such as China, India and Japan where energy demand is rapidly growing, preference for natural gas as a replacement for coal is a growing trend. Importing natural gas has a high price attached to it, but transportation through pipeline is preferred as an economical option when compared to transportation of gas through large LNG vessels. This necessitates huge amount of investments to develop supporting infrastructure. Owing to these factors, the market is expected to witness significant growth as a potential replacement for conventional steel and concrete pipes.

Asia Pacific was followed by Europe in terms of revenue and is expected to grow at a CAGR of 3.6% over the forecast period. Economic recovery in European countries and increasing dependence on Russia for natural gas imports in this region is projected to fuel the demand in end-use applications. With increasing urbanization and drought conditions, European region is witnessing an increase in desalination facilities across several countries. GRP and GRE piping equipment in desalination plants and manufacturing of chemicals and effluent treatment facilities is expected to fuel the demand over the forecast period.

The key players in the global market includeNational Oilwell Varco, Inc., Graphite India Limited, Saudi Arabian AMIANTIT Company, PPG Fiberglass Industries, HOBAS International GmbH, and Fibrex Corporation. The domestic companies are emphasizing on providing quality products at competitive prices complying with the quality standards where as key players are seeking to increase their market share and strengthen competitive aspect. 

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global fiberglass pipes market on the basis of product, fiber, end-use and region:

  • Product Type Outlook (Revenue, USD Million, 2014 – 2025)
    • GRE Pipes
    • GRP Pipes
    • Others
  • Fiber Type Outlook (Revenue, USD Million, 2014 – 2025)
    • E-glass
    • T-Glass/ S-Glass/ R-Glass
    • Others
  • End-use Outlook (Revenue, USD Million, 2014 – 2025)
    • Oil & Gas
    • Chemicals
    • Sewage
    • Irrigation
    • Others
  • Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Russia
      • UK
      • France
      • Germany
    • Asia Pacific
      • China
      • India
      • Australia
    • South & Central America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
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The Global Stretchable Conductive Material Market Analysis, Product, Application, Region And Segment Forecasts, 2018 – 2025

The global stretchable conductive material market size was valued at USD 434.7 million in 2016. The market is expected to show significant growth over the forecast period owing to the high dependence on photovoltaics. Various factors like growing electricity demand and rising healthcare expenses worldwide are expected to drive the stretchable conductive material market over the forecast period.

Increase adoption of renewable power in industrial, utilities, the healthcare sector will propel the stretchable conductive material industry expansion over the forecast period. The growing stringent government regulations on the carbon emissions imposed on the industries worldwide are expected to augment the market growth for the stretchable conductive material market growth over eight years.

Extensive manufacturing of stretchable conductive materials by market players such as Dupont and Co., 3M, Chasm Technologies, US Research Nanomaterials, Advanced Nano Materials, Applied Nanotech in the U.S. is expected to promote industrial use for the stretchable conductive materials, which in turn is projected to fuel demand. The growing demand for solar power has been one of the major drivers for the stretchable conductive materials market which in turn is anticipated to create immense market opportunities over the forecast period.

Graphene is likely to gain momentum in the near future, due to its distinctive properties such as high electrical and thermal conductivity, and the barrier to the permeation of water and oxygen. The high charge carrier mobility, chemical and thermal stability and flexibility it is widely used in the thermal and chemical sensors. The application can be used in electronics, printed electronics, and packaging will fuel market demand over the next eight years.

Increased awareness regarding newer technologies in the wearables in U.S., Mexico, Japan, and China is expected to promote the development of wearable technologies over the years ahead. However, low awareness regarding wearable technologies is expected to hinder product growth over the forecast period. Technological advancements in order to increase output, and reduce costs will create immense industry potential in the near future.

Growing electricity demand as a result of increasing population and infrastructure will increase the adoption of photovoltaics in the solar power panels. An increase in government expenditure, followed by stringent norms to promote renewable power will boost the growth of the demand for photovoltaics.

Graphene was the dominant product segment and accounted for 31.46% of the global market in 2016. It is expected to witness significant growth on account of its increased applications in various industries. Graphene demand will witness rise over the forecast period on account of high consumption in the large-scale installations of the solar power grid.

Increasing usage of these materials in solar power, biomedical applications will propel its demand over the forecast period. Moreover, factors such as the rising population and urbanization in Mexico, Turkey, China, India, Thailand, and Bangladesh are expected to augment these applications, thereby rising demand.

The photovoltaics segment is expected to witness significant growth at a CAGR of 26.4% from 2017 to 2025 as a result of increasing usage of renewable energies in the solar power grids. Increasing renewable power spending in Chile, Peru, and Mexico as a result of government support for promoting investments is expected to propel market size.

The increasing population and electricity demand in China and the U.S. are the factors that are expected to play a crucial role in driving the usage of photovoltaics in the power grid applications. Furthermore, the establishment of new production units in power generation in Middle East countries including Saudi Arabia, Iran, and Israel owing to the favorable initiatives to promote the investments is expected to expand the market penetration over the next eight years.

Asia Pacific is expected to show significant revenue rise at a CAGR of 26.4% from 2017 to 2025 on account of the extensive production of electricity in China, and India. Ongoing industrialization, the rising population along with increasing foreign investments in the solar power grids and healthcare sectors will drive the industry expansion over the forecast period.

The positive intends towards biomedical in healthcare in the U.S., China, Japan, Germany, and France owing to the increased population is expected to play a crucial role in increasing the application of biomedical.

Various government initiatives in India including “Housing for All by 2022” and “Atal Mission for Rejuvenation and Urban Transformation (AMRUT)” for improving the housing sector is expected to increase the penetration of electricity facilities for the urban population, which in turn will augment market size.

North America was the prominent market and accounted for 41.55% of the overall industry share in 2016. The robust presence of manufacturing facilities of renewable power, pharmaceuticals, chemicals, food & beverage, and automotive in the U.S. and Mexico is expected to promote the demand for solar power grid the next eight years.

The global Graphene industry is highly dynamic and competitive in nature owing to the presence of various small and large-scale manufacturers and the availability of raw materials. The market is dominated by various major participants including Xiamen Knano Graphene Technology Co., Ltd, 2-D Tech, Abalonyx, ACS MaterialAdnano Technologies, Angstron Materials.

The graphene market is expected to witness strong competition over the next eight years on account of increasing investment in research and development activities, product innovation, and reducing product costs.

Key players in the market are focusing on increasing their market share along with profitability through establishing strategic partnerships with regional players and distributors by providing accessibility in technological expertise for the solar power grid and healthcare sectors including pharmaceuticals, food & beverages, and oil & gas.

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global Stretchable Conductive Material market on the basis of product, configuration, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Graphene
    • Carbon Nanotube
    • Silver
    • Copper
  • Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Wearables
    • Biomedicals
    • Photovoltaics
    • Cosmetics
  • Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
    • Asia Pacific
      • China
      • Japan
    • Central & South America
      • Brazil
      • Mexico
    • Middle East & Africa
      • Africa
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The Global Cross Laminated Timber Market Size, Share & Trends, Type, Region And Segment Forecasts, 2018 – 2025

The global cross-laminated timber market size was valued at USD 558.6 million in 2016 and is projected to grow at a CAGR of 15.7% over the forecast period. Global sustainability concerns coupled with rising awareness about wood as a building material among consumers are the factors likely to boost the market growth in the coming years. Transitioning consumer preferences for wood-based construction along with low cost, high thermal performance, and insulation properties are expected to drive the market growth over the forecast period.

The demand for cross-laminated timber (CLT) is witnessing an increase as wood is evolving as a low-cost and sustainable alternative to steel and concrete. The growing popularity of cross-laminated timber, considering its ease of construction and durability, is likely to propel the demand for the market over the next eight years. Rising popularity and awareness in regions such as North America, Europe, and the Asia Pacific is anticipated to positively impact the market.

Adhesively bonded types dominated the market in light of enhanced durability and performance. The segment is expected to account for a significant market share over the forecast period.

Key attributes of cross-laminated timber, such as fire and earthquake resistance ability, are projected to fuel the CLT market growth. Major players in the industry are constantly striving toward technological advancements to manufacture quality products and increase efficiency.

The tendency of wood to absorb moisture from the atmosphere is expected to pose a challenge to the industry growth. Specific climatic conditions are a prerequisite for spruce and pine to grow and thus adverse climatic conditions may hinder raw material availability for the market. Manufacturers are required to conform to the regulations laid by numerous timber authorities in different regions.

The adhesive bonded segment accounted for 88.0% of the global cross-laminated timber market share in 2016. This segment is expected to witness considerable demand over the next eight years on account of greater strength and seismic performance. However, growing environmental concerns regarding the use of adhesives, due to its carbon emission properties, are anticipated to hamper its demand.

The mechanically fastened segment was valued at USD 63.7 million in 2016 and likely to emerge as the fastest-growing product segment over the forecast period owing to its effective recycling. The shift in consumer trends toward environment-friendly products is expected to push the product demand in the coming years. The mechanically fastened segment is likely to gain considerable market share in light of increasing demand from the European and North American regions.

In 2016, Austria and Germany cumulatively accounted for 68.29% of the European market revenue owing to the growing awareness toward wood as a building material. Austria is a rich source of softwood spruce and pine and accounts for the largest production of cross-laminated timber across the globe. The increasing use of cross-laminated timber in residential and commercial applications is anticipated to spur industry growth over the next eight years.

The demand for cross-laminated timber in North America was valued at USD 118.8 million in 2016. The abovementioned growth can be attributed to the increasing use of cross-laminated timber in institutional as well as residential applications. The growing consumer demand for stylish and luxury apartments is likely to have a positive impact on industry growth. Ascending product use in residential applications such as walls, floors, and ceilings is also expected to account for market growth. North America is likely to remain the second-largest market from 2017 to 2025.

Shifting manufacturing facilities to Australia and New Zealand is expected to fuel higher production. Growing awareness of cross-laminated timber in emerging economies like China and Japan is likely to result in high rise residential apartments along with commercial buildings.

Key players in the market include Stora Enso, Mayr-Melnhof Holz, Binderholz GmbH, XLam Limited, SmartLam, and Sterling Lumber. In 2016, Stora Enso invested USD 890 million in a plant in Guanxi, China to strengthen its presence in the country.

Manufacturers of cross-laminated timber continue to focus on technological advancements in the product. Such developments coupled with competitive pricing are likely to assist them in increasing their market share over the forecast period. Companies are investing heavily in the research and development to overcome the barriers faced while using cross-laminated timber and enhance product quality.

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global cross-laminated timber market based on product and region:

  • Product Outlook (Revenue, USD Million; 2014 – 2025)
    • Adhesive Bonded
    • Mechanically Fastened
  • Regional Outlook (Revenue, USD Million; 2014 – 2025)
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Austria
      • Germany
      • Switzerland
      • Italy
      • Rest of Europe
    • Asia Pacific
      • New Zealand
      • Japan
      • China
      • Rest of Asia Pacific
    • South & Central America
    • The Middle East and Africa
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The Global Atomic Layer Deposition Market Size, Share & Trends, Product Type, Region And Segment Forecasts, 2018 – 2025

The global atomic layer deposition market size was valued at USD 1.09 billion in 2016. It is a key process in the fabrication of semiconductor devices, and part of the set of tools available for the synthesis of nano-technology materials. Atomic Layer Deposition is considered as one of the superior deposition methods for producing thin and conformal films.

The industry is expected to be driven by the growing electronics industry and semiconductor solutions particularly in the Asia Pacific and North America. Various deposition instruments are used in the manufacturing of semiconductor categories such as copper electrodes, High-K dielectric gate stacks, and copper barrier/seed layers. Rising demand for electronic components in the automotive industry is expected to increase the demand for semiconductors and hence, directly impact the atomic layer deposition market positively.

Component miniaturization is one of the recent technological advancements in the global electronics sector. In the past few years, introduction of materials such as porous, Hf(Si)O, SiOC, AlO, ZrO, LaO, and SiC have resulted in higher efficiency and stability of substrates. Some of the other factors that are driving the market include increasing demand from current & emerging applications such as dye-sensitized solar cells, efficiency enhancement, and technological development. However, high investment cost in R&D is expected to restrain its application in several industries, therefore, many manufacturing companies prefer the atomic layer deposition technique to produce smaller components with comparatively low cost.

Increasing concerns for global warming climate change and has encouraged governments around the globe towards renewable & green energy sources. The subsidies offered by government have encouraged the growth of the solar power industry. Thin-film materials overcome this problem with their properties of efficiency and reliability. This material offers miniaturization and is one of the reasons for the MEMS industry to increasingly utilize micro components. In countries such as Germany, India, the U.S., and UK governments have been providing fiscal incentives and schemes to drive the use of renewable energy.

The global vapor deposition industry is rapidly growing with chemical vapor (CVD) accounting for a significant share. Other technologies include epitaxy, physical vapor (PVD), and atomic layer deposition. However, the advanced and feature-rich outputs of ALD systems result to give high deposition performance, high rates of production, and minimal waste.

The technology is largely present in almost all high-end products in industries such as automobile & other transportation, wearable health monitoring devices, and solar PV. ALD is a prominent technology to lower the cost in manufacturing advanced electronic products. The brightness and longevity of LED and precision optical layers are made by ALD for various specific applications. In medical technology, lifetime of various medical implants equipment is enhanced by biosynthesized ALD coatings.

Aluminum oxide ALD is expected to remain the largest type of product segment by 2025 which was valued at USD 328.2 million in 2016. With the abundance of aluminum, the demand for aluminum oxide film using this deposition technique is also anticipated to increase in industrial penetration. Deposited aluminum oxide film is known to contain effective permeation barriers owing to alumina’s pin-hole free morphology and uniformity. The aluminum oxide film acquires the maximum share of the type of technology due to its excellent characteristics, stability to numerous substrates, easy availability of precursor material, and optimal base metal prices.

Technological developments in the precursor materials and substrates is a major trend for the industry. The advancements have resulted in plasma enhanced-atomic layer deposition (PEALD) as the fastest-growing category. PEALD is a key enabler of logic devices and nanoscale memory owing to the characteristics such as thickness controllability and superior conformity.

The extensive research initiatives for the technology concerning enhanced nucleation have resulted in deposition on particles and polymers. This technology type holds a smaller share of the overall market due to high capital costs and specific applications. For instance, ALD on polymers mitigates numerous challenges concerning space polymers. However, it reduces the rate of oxygen-atom erosion and vacuum ultraviolet (VUV) of polymers in spacecraft.

The atomic layer deposition industry has numerous promising areas of application. The semiconductor industry was the leading application sector in 2016 while accounting for over 40% of the total revenue in the same year. The semiconductor technology node transition and the drive for miniaturized components have indeed contributed to the development of the global semiconductor industry. The need for a shrinking device dimension in tandem with high durability has tremendously increased the application scope of deposition technologies.

The technology in the semiconductor industry finds applications in both IC (Integrated Circuit) and Non-IC components. The other application sectors for the technology include flexible electronic devices, fuel cells, solar cells, medical devices, and data storage devices.

The changing consumer preference and government initiatives to reduce greenhouse gas emissions have resulted in swift growth of the solar sector. The technique is widely used for conformal coatings in solar cells and devices. Solar devices are expected to be the fastest-growing application sector over the prediction period.

The high growth of the solar energy industry is primarily driven mainly by increasing PV installations in economies including China, the U.S. Japan, India, Poland, and the U.K. Countries such as India and Japan are ideal solar markets due to high insolation, comparatively higher energy costs, increasing concerns regarding greenhouse gas emissions, and low electrification costs.

Asia Pacific was the dominant region in 2016 with revenue estimated over USD 504 million for the same year. The rapidly growing demand from end-use industries such as semiconductors, electronics, medical equipment industry, and the solar sector has led Asia Pacific to achieve the maximum market share.

The deep-rooted electronics manufacturing base in South Korea, China, and Taiwan have led to increased demand for the deposition technologies. The proliferating manufacturing of electronics products, tremendous modernization, and growing economies coupled with rising consumer electronics spending have backed up the growth of this region.

Some of the Asian countries offer lucrative opportunities for the industry participants due to increase in capacity of solar photovoltaics. China, India, Japan, Indonesia, South Korea, and Taiwan have led the ALD growth due to burgeoning solar panels manufacturing and installations.

North American ALD market followed Asia Pacific in 2016 in terms of market capitalization. The U.S. and Canada are the major contributors to the growth of the regional market. The U.S. emerged as the frontrunner and is estimated to grow at a CAGR of 12.2% over the next eight years. The key growth driver for North America’s market includes productive government regulatory support for encouraging domestic level private investment, which is likely to be a significant factor for the region’s growing semiconductor and consumer electronics industry.

The global atomic layer deposition market inherits an intense competition among the key international players. Technological advancements and innovative product launches are the major aspects contributing to the competition. The key companies in the industry include Lam Research Corporation, ASM International NV, Applied Materials Inc., Aixtron SE, and Adeka Corporation.

Some of the major companies have undertaken recurrent technological upgradations and product launches for manufacturing superior quality conformal films and gaining sustainability in the sector. These aspects are worked upon by the companies concerning to demand from consumers and industry dynamics.

Some other industry players offering the technology include Tokyo Electron Limited, Denton Vacuum LLC, Kurt J. Lesker Company, Beneq Oy, Veeco Instruments, Canon Anvela Corporation, Picosun Oy, Entergis Inc., and ALD NanoSolutions, Inc.

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the global atomic layer deposition market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 – 2025)
    • Metal
    • Aluminum Oxide
    • Plasma Enhanced
    • Catalytic
    • Others
  • Application Outlook (Revenue, USD Million, 2014 – 2025)
    • Semiconductors
    • Solar devices
    • Electronics
    • Medical equipment
    • Others
  • Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
      • The U.S.
      • Canada
    • Europe
      • Germany
      • The U.K.
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Middle East & Africa
    • Central & South America (CSA)