High-k and ALD/CVD Metal Precursor Market size to exceed USD 965 million by 2024: Global Market Insights Inc.
High-k and ALD/CVD Metal Precursor Market size is expected to reach USD 965.7 million by 2024; according to a new research report by Global Market Insights, Inc. Global high-k and ALD/CVD metal precursor market is characterized by notable number of players offering diverse and cost-effective solutions. Ongoing need to develop processes to form thin film with desired properties for various applications will drive demand over the forecast timeline. Newer shrinking device size provides thin film formation and high aspect ratios by CVD or ALD. SiO2 is being replaced by hafnium and silicon compounds for the dielectric material and poly-Si by platinum as a potential electrode. Metal-organic compounds are gaining an edge as molecular precursor owing to their low thermal stability.
Regulatory policies and initiatives undertaken by the government for the manufacturing of semiconductor devices will give impetus to high-k and ALD/CVD metal precursor market share. The industry participants are focused on optical, dielectric and chemical properties of the hybrid organic-inorganic films to reduce manufacturing costs. Furthermore, increasing IPR protection measures will have an emphasizing role in chemical designs with rising IPR filings on precursor material compositions. Increasing demand for intensive R&D has led to the development of high-purity sophisticated precursors delivered in cylinders to meet process requirements. This has widened the scope for excellent step coverage and high growth rates. The ability to fabricate semiconductor rapidly, seamlessly and cost-effectively requires for a more complex 3D structure which in turn drives high-k layer/vapor deposition process demand. The industry needs collaboration across the value chain both in terms of hardware and new molecules to deliver the chemicals effectively in the equipment. Incorporation of intellectual property rights protection measures will have an increasing role in chemical designs. The optical, mechanical, dielectric, chemical and conductive properties of the hybrid organic-inorganic films are projected to boost the high k metal precursors market share over the forecast timeframe. Escalating demand for various thin film materials in new industrial applications will lead towards technological advancement and innovation.
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