Global Physical Vapour Deposition Market is Estimated to Value Over USD 34 Billion by 2029 End

  • 31 Jul 2019
  • Chemicals & Advanced Materials

The Global Physical Vapour Deposition Market is estimated to value over USD 34 billion by 2029 end and is projected to register a CAGR of over 8% during the forecast period 2019 to 2029.

Physical Vapour Deposition (PVD) coating is extensively preferred by manufacturers over conventional coating techniques owing to the eco-friendly nature of the PVD process with some operational benefits as well. Additionally, there is an ever-increasing competition in the market which has resulted in companies adopting latest coating technologies thus increasing the expanse of the market.

Market Drivers and Challenges

  • Governments, especially form the European and North American region are imposing restrictions over the use of hex chrome electroplating due to its negative impact on the environment. This shall surely boost the proliferation of the market.
  • However, most of these technologies are patented which results in high capital investment thus posing a challenge to the expansion of the market.

Insights on Global Physical Vapour Deposition Market

1. By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The Asia Pacific region is anticipated to witness a significant market augmentation owing to a soaring demand of small-scale solar physical vapour systems in battery storage applications. Due to an inadequate power infrastructure, countries like India, japan and China are likely to utilize PVD resulting in the proliferation of the market during the forecast period.

The European market region is expected to showcase substantial market augmentation during the forecast period due to a growing demand in applications using metallic layer coatings on the products in order to increase the life span of final products.

2. By Category

  • PVD Equipment
  • PVD Material
  • PVD Services

PVD equipment is an instrumental market segment considering its contribution in streamlining the process of PVD coating. The equipment is chosen based on the application like punching and forming, molding, die-casting and cutting tools. The PVD materials that are conventionally used for coating are aluminium, chromium, titanium and nitrogen.

3. By Application

  • Microelectronics
  • Medical Equipment
  • Data Storage
  • Solar Products
  • Cutting Tools

The medical equipment segment is expected to showcase a significant augmentation in the market during the forecast period owing to governments investing massively in basic healthcare facilities.

The microelectronics segment subjugates the market and is expected to showcase considerable market augmentation during the forecast period. However, this market segment will experience a slow market proliferation owing to the presence of materials that don’t require an extensive amount of coating.

Competitive Landscape:

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants

Key Market Players:

  • Oerlikon Blazers Hartec GmbH
  • Denton Vacuum Inc.
  • IHI Hauzer Techno Coating B.V
  • Impact Coatings AB
  • Johnsen Ultravac Inc.
  • Plasma Quest Ltd.
  • Tokyo Electron Ltd.

Denton Vacuum uses thermal evaporation technique to create metallic contact layers used on thin film devices like OLEDs, thin-film transistors and solar cells. Additionally, this method is used in wafer bonding by deposition of thick indium layers.

FutureWise Key Takeaways

  • Technological advancements like mono-structured coating can be used on surface-related properties like super plasticity, optical, magnetic, catalytic and electronic properties which can augment the market substantially

Objectives of the Study:

  • To provide with an exhaustive analysis on the physical vapour deposition market by region, by category, by application
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions


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