The Latin America, Middle East and Africa Atomic Layer Deposition (ALD) Market is expected to witness market growth of 13.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Atomic Layer Deposition (ALD) Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $97.6 million by 2031. The Argentina market is showcasing a CAGR of 15.2% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.6% during 2024-2031.
The growth of semiconductor manufacturing in regions such as Asia-Pacific, particularly in countries like China, South Korea, and Taiwan, is driving demand for ALD technology. Expanding the solar energy industry in these regions also contributes to ALD adoption. As industries increasingly prioritize sustainable practices, using ALD for environmentally friendly coatings and materials is becoming a significant trend.
Additionally, the ability of ALD to minimize waste aligns well with sustainability goals. Innovations in ALD equipment and processes, such as the development of low-temperature ALD and spatial ALD techniques, are enhancing the versatility and applicability of the technology across various sectors.
The rising renewable energy sector in Saudi Arabia significantly influences the growth of the atomic layer deposition (ALD) market as the kingdom makes substantial strides toward achieving its ambitious Vision 2030 goals. Saudi Arabia is positioning itself as a champion in sustainable energy production by generating 50% of its electricity from renewable sources. This shift reflects a commitment to environmental sustainability. It opens avenues for advanced technologies, including ALD, which are essential for fabricating high-quality thin films and nanostructures used in various applications, including solar cells and energy storage devices.
The Brazil market dominated the LAMEA Atomic Layer Deposition (ALD) Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $97.6 million by 2031. The Argentina market is showcasing a CAGR of 15.2% during 2024-2031. Additionally, the UAE market would register a CAGR of 12.6% during 2024-2031.
The growth of semiconductor manufacturing in regions such as Asia-Pacific, particularly in countries like China, South Korea, and Taiwan, is driving demand for ALD technology. Expanding the solar energy industry in these regions also contributes to ALD adoption. As industries increasingly prioritize sustainable practices, using ALD for environmentally friendly coatings and materials is becoming a significant trend.
Additionally, the ability of ALD to minimize waste aligns well with sustainability goals. Innovations in ALD equipment and processes, such as the development of low-temperature ALD and spatial ALD techniques, are enhancing the versatility and applicability of the technology across various sectors.
The rising renewable energy sector in Saudi Arabia significantly influences the growth of the atomic layer deposition (ALD) market as the kingdom makes substantial strides toward achieving its ambitious Vision 2030 goals. Saudi Arabia is positioning itself as a champion in sustainable energy production by generating 50% of its electricity from renewable sources. This shift reflects a commitment to environmental sustainability. It opens avenues for advanced technologies, including ALD, which are essential for fabricating high-quality thin films and nanostructures used in various applications, including solar cells and energy storage devices.
List of Key Companies Profiled
- Forge Nano Inc.
- Beneq Oy
- Kurt J. Lesker Company
- Arradiance LLC
- SENTECH Instruments GmbH
- ASM International N.V.
- Applied Materials, Inc.
- Oxford Instruments plc
- Veeco Instruments, Inc.
- CVD Equipment Corporation
Market Report Segmentation
By Application
- Semiconductors & Electronics
- Solar Devices
- Medical Equipment
- Other Application
By Product
- Aluminum Oxide ALD
- Metal ALD
- Plasma Enhanced ALD (PEALD)
- Catalytic ALD
- Thermal ALD
- Other Product
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Atomic Layer Deposition (ALD) Market by Application
Chapter 6. LAMEA Atomic Layer Deposition (ALD) Market by Product
Chapter 7. LAMEA Atomic Layer Deposition (ALD) Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Forge Nano Inc.
- Beneq Oy
- Kurt J. Lesker Company
- Arradiance LLC
- SENTECH Instruments GmbH
- ASM International N.V.
- Applied Materials, Inc.
- Oxford Instruments plc
- Veeco Instruments, Inc.
- CVD Equipment Corporation
Methodology
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