Atomic Layer Deposition Market Size, Share, Growth Analysis, By Product(Thermal ALD, Metal ALD), By Application(Electronics & Semiconductors, Solar Devices) - Industry Forecast 2024-2031

Global Atomic Layer Deposition Market size was valued at USD 1.91 billion in 2022 and is poised to grow from USD 2.14 billion in 2023 to USD 5.43 billion by 2031, growing at a CAGR of 12.30% during the forecast period (2024-2031).

Atomic layer deposition is utilised in the manufacturing of integrated circuits (ICs), as well as other parts, devices, and industrial applications. The market for silicon wafers and atomic layer deposition equipment are being driven by the rising demand for semiconductor devices in sectors such consumer electronics, industrial equipment, automotive items, and healthcare equipment.

A growing demand for cosmetics leads to a rise in atomic layer deposition demand, especially as consumers strive to switch to non-petroleum-based goods. The global atomic layer deposition market is expanding as a result of the growing emphasis on personal grooming and excellent hygiene in the cosmetics industry. The personal care and cosmetics industries use atomic layer deposition as non-petroleum product substitutes, which is anticipated to propel the expansion of the worldwide atomic layer deposition market.

In solar cells and other devices, conformal coatings are frequently applied using atomic layer deposition. As a result, the target market is anticipated to develop throughout the projected period due to the increase in demand for solar devices. Furthermore, growing photovoltaic device (PV) installations are a major factor in the solar energy sector's rapid expansion.

US Atomic Layer Deposition Market is poised to grow at a sustainable CAGR for the next forecast year.