Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : November, 2020 | Chemical & Materials | PPT format

Report Digest


Global Physical Vapor Deposition Market: Snapshot

Physical vapor deposition (PVD) involves a number of thin film deposition techniques to produce thin films and coatings. The process is environment friendly that involves low amounts of toxic substances to be disposed that what is involved with conventional processes. It essentially involves vaporization of the metal from solid source assisted by high temperature vacuum, followed by transportation of vapor in vacuum, and back to condensation to generate thin films.

PVD provides extremely pure and high performance coatings. This makes coatings obtained through PVD preferable over the ones obtained by electroplating. PVD coatings also high resistance to tarnishing and coatings that enable them to be used for a host of decorative finishes. In addition, it produces highly brilliant finishes that make watches resistant to scratches. Some other applications of PVD Coatings is for optical use that range from glasses to self-cleaning tinted windows. The corrosion resistance property of PVD coatings make them highly suitable for household items such as door handles, marine fixtures, and plumbing fixtures.

Some of the commonly used PVD coatings include zirconium nitride, titanium nitride, chromium carbon nitride, zirconium carbon nitride, titanium carbon nitride, and chromium nitride. The nitrides, carbides, silicides, and borides that constitute PVD coating materials each have special qualities suitable for specific applications. For example, graphite and titanium are used in high performance automotive and aerospace component where temperature and friction are critical success factors.

The global PVD market is expected to display significant growth in the upcoming years primarily due to the need for reliable and durable coatings for medical equipment.

Physical Vapor Deposition Market: Overview

Physical vapor deposition (PVD) is a process wherein a thin coating is formed on an object using the base material via evaporation and condensation. This technique is used in automotive, defense, healthcare, and many other industries.

The physical vapor deposition market may include a number of materials, equipment, and services. PVD materials include a number of commonly used raw materials such as aluminum, titanium, and nitrogen. Physical vapor deposition services comprise coating services and installation of various equipment. PVD equipment include those used for heating, vacuuming, coating, and condensation.

PVD finds application in medical equipment, cutting tools, solar products, data storage, and microelectronics. Owing to a number of photovoltaic and wafer cell manufacturers investing in R&D efforts, the utilization of PVD technology has been quite high in solar products. On the other hand, rising government expenditure in providing people improved healthcare facilities has also resulted in increased usage of physical vapor deposition in medical equipment.

Physical Vapor Deposition Market: Trends

The global physical vapor deposition market is projected to witness steady growth in the coming years thanks to the application of this technology and equipment in a wide range of industries. This has been possible owing to rising awareness about the many benefits of PVD coatings over traditional coatings. The PVD coating technique offers advantages such as durability, strength, no residue, corrosion resistance, and environmental friendliness.

In contrast, the patent-protection defines this technology and this limits the growth opportunities for up and coming players. Moreover, physical vapor deposition requires high amounts of capital investment, which is another roadblock, especially for smaller vendors.

Physical Vapor Deposition Market: Market Potential

Despite the consolidated and capital-intensive nature of the global physical vapor deposition market, it offers several opportunities for players. Recognizing the potential in this market, Applied Materials, Inc., a California, U.S.-based company that supplies material engineering solutions, launched a physical vapor deposition system called Applied Endura Cirrus HTX PVD in May 2015. This is used to develop titanium nitride (TiN) thin films and reflects Applied’s expertise in the application of physical vapor deposition technology in engineering titanium nitride films.

Physical Vapor Deposition Market: Regional Outlook

From a regional perspective, the global market for physical vapor deposition is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific accounts for a major share in the overall market owing to significant demand from several end-use industries. Considering the fact that PVD technology offers a rather high profit margin, large equipment manufacturers have focused their attention toward this lucrative market by setting up shop in many ASEAN countries. Another factor that drives the APAC physical vapor deposition market is growing interest in battery storage for solar PV systems in China, India, and Japan, where there is a high unmet need for power infrastructure.

What makes North America a strong contender in the PVD market is the presence of a number of small and medium domestic players, including Vacuum Aurora Scientific Corp., AJA International, Inc., Novellus Systems, and KDF Electronics. In addition to this, strong regulatory support has encouraged rising number of investors to capitalize on the benefits offered by PVD technology.

Physical Vapor Deposition Market: Competitive Analysis

Semicore Equipment, Veeco Instruments, Ionbond (IHI Group), Novellus Systems, AJA International, Platit, Hauzer Coating Technology (IHI Group), ULVAC Technologies, and Oerlikon Balzers are some of the prominent players competing in the global physical vapor deposition market. It has been observed that this is an immensely consolidated market owing to the high costs of PVD equipment, which pose severe entry-level barriers for new entrants. Another challenge that new players have to endure is the patent-protected nature of this technology. Product innovation is a key area of focus for most players, in addition to strategic acquisitions and collaborations.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?