11 September 2019
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.
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A higher demand for medical electronics such as pacemakers, defibrillators, drug-releasing pumps, hearing aids, diagnostic equipment etc. is providing the coating industry with some significant market opportunities. The manufacture of lower priced devices which are produced in higher volumes (for example personal health monitors) is continuing to be moved offshore to take advantage of the lower cost of production.
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