According to the latest report by IMARC Group, titled "High-k and CVD ALD Metal Precursors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global high-k and CVD ALD metal precursors market size reached US$ 575.6 Million in 2022. The high dielectric constant (High-k) is a key component used in the manufacturing of microelectronic devices, including dynamic random-access memory (DRAM), central processing unit (CPU) and flash memory. On the other hand, chemical vapor deposition (CVD) and atomic layer deposition (ALD) metal precursors refer to techniques that are widely utilized for creating thin films that are used for a wide range of applications. They are generally adopted in semiconductor manufacturing processes to design high-performance microchips. Overall, the combination of high-k dielectric materials and CVD ALD metal precursors allows the formation of advanced semiconductor devices with enhanced performance and smaller form factors.
Global High-k and CVD ALD Metal Precursors Market Trends:
The global market is primarily driven by continual developments across semiconductor production facilities. Coupled with the rising demand for smartphones, laptops and tablets on account of rapid digitization, this is creating a positive market outlook. With the emergence of artificial intelligence (AI), cloud computing and the Internet of Things (IoT), there has been a considerable increase in the need for high-performance computing devices, which, in turn, is driving the overall high-k and CVD/ALD metal precursors market as they enable the creation of smaller, more efficient transistors. Apart from this, the escalating investments by leading players to improve the overall 5G wireless infrastructure as a result of smart city development are providing a boost to the market. Moreover, the widespread uptake of electric vehicles (EVs) due to an enhanced focus on sustainable development is significantly supporting the demand on the global level. Other factors, including rapid industrialization and urbanization and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors,the market is anticipated to reach a value of US$ 887.0 Million by 2028, exhibiting a CAGR of 7.60% during 2023-2028.
- On the basis of the technology, the market has been categorized into interconnect, capacitor/memory and gates. Presently, interconnect technology represented the largest market share.
- Based on the industry vertical, the market has been segmented into consumer electronics, aerospace and defense, IT and telecommunication, industrial, automotive, healthcare and others. Among these, consumer electronics accounted for the leading market segment.
- On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. Currently, Asia Pacific holds the leading position in the market share.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Adeka Corporation, Dow Inc., Merck KGaA, Nanmat Technology Co. Ltd., Strem Chemicals Inc. (Ascensus Specialties LLC), and Tri Chemical Laboratories Inc.
|Base Year of the Analysis
||Interconnect, Capacitor/Memory, Gates
|End Uses Covered
||Consumer Electronics, Aerospace and Defense, IT and Telecommunication, Industrial, Automotive, Healthcare, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Adeka Corporation, Dow Inc., Merck KGaA, Nanmat Technology Co. Ltd., Strem Chemicals Inc. (Ascensus Specialties LLC), Tri Chemical Laboratories Inc., etc.
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