Global High-k and ALD/CVD Metal Precursor Market to exceed $950mn by 2024: Global Market Insights Inc.
According to the new market research report “High-k and ALD/CVD Metal Precursor Market Size By Technology (Memory/Capacitor, Interconnect, Gates), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, Japan, India, China, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, Global High-k and ALD/CVD Metal Precursor Market share to grow at 17.8% CAGR from 2016 to 2024. Favourable government legislations encouraging production of power saving semiconductor devices will benefit high-k and ALD/CVD metal precursor market. High application potential of semiconductors in mobiles, smartphones, iPhones, cars, and DTV are expected to enhance the growth prospects of the industry over the coming years. Today, industry players are laying more emphasis on developing processes to form hybrid thin inorganic-organic films with the desired features to reduce production costs, thereby stimulating the demand for high-k and ALD/CVD metal precursors. High popularity of trailing edge devices supporting internet of things (IoT) technology and consumer electronics sector growth, is expected to fuel the industry trends over the coming seven years.
Governments across the globe have made heavy investments in nanotechnology research, owing to its growing application across industrial and military sectors, and this is predicted to generate high avenues for high-k and CVD metal precursor industry over the coming timeframe. For instance, EU, U.S., and Japan have made investments of USD 1.2 billion, USD 3.7 billion, and USD 750 million respectively in the national nanotechnology initiative. Various technologies such as gates, capacitor, and interconnect are expected to influence high-k and ALD/CVD metal precursor industry growth over the coming seven years. Interconnect technology, which had a considerable impact on the global high-k and ALD/CVD metal precursor industry share in 2015, is expected to witness a significant growth over the period of 2016-2024. Gates technology based high-k and ALD/CVD metal precursor market, which was estimated at over USD 33 million in 2015, is forecast to grow considerably over the next few years, owing to high requirement for thermal and chemical stability. Asia Pacific high-k and ALD/CVD metal precursor industry growth is predicted to be driven by increasing demand for semiconductors across BRICS nations. Thailand, 1|Page