“Global Physical Vapor Deposition (PVD) Market was valued at $18 billion in 2019”, says Visiongain

11 September 2019
Chemicals

Visiongain’s new report the Physical Vapor Deposition (PVD) Market Report 2019-2029: Forecasts by Category (Physical Vapor Deposition Equipment, Physical Vapor Deposition Materials, Physical Vapor Deposition Services), by Application (Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, Others), by region and analysis of leading companies indicates that the Global Physical Vapor Deposition (PVD) Market was valued at $18 billion in 2019

The PVD market is motivated mainly by the increasing demand in medical equipment for reliable and durable coatings, especially from emerging countries. Thus, during the estimated time span, the application segment of medical devices is anticipated to have a powerful growth potential.

These coatings are used for apps such as storage systems, semiconductors, and LEDs that are supposed to drive development in the industry over the coming years. Physical vapor deposition technology involves a method where, by evaporating and condensing the material used, the base material is used to create a thin coating layer on an item. Coatings include metals or ceramics, generally oxides, nitrides, and carbides.

Technology involves sputter and electron beam, evaporative, pulsed laser, cathodic arc, and deposition of physical vapor. Policies to limit hex chromium electroplating due to increasing environmental concerns in markets such as Europe and the U.S. are expected to increase this market's development over the coming years. However, patented techniques that result in elevated investment in capital are likely to pose a worldwide market challenge.

However, it is estimated that growing numbers of respondents in the end-use sector will increase the market in the near future. In addition, the market is likely to be spurred by several technological advances in the coming years. Growing need for highly sophisticated surface-related properties, such as super plasticity, magnetic, optical, electronic, and catalytic properties, by advanced mono-structured coatings is also contributing to the market growth.

The Asia Pacific market is anticipated to see significant development due to increasing demand for small-scale solar PV systems in battery storage apps. Due to insufficient energy infrastructure, demand in India, China, and Japan is likely to be high over the next few years. The European market is expected to show potential development in the coming years due to increased demand in apps using metallic layer coating on products to boost the life span of final products.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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