Physical Vapor Deposition Market Set for Rapid Growth And Trend by 2025
The physical vapor deposition market of Asia Pacific is expected to increase at a higher growth rate due to increasing demand for battery storage and PVD in SSI solar powered PV industries. Countries such as India, China, and Japan are generating demand for PVD, with an increasing demand for sustainable energy resources, which increase the use of microelectronics that make use of PVD techniques. This has positioned the microelectronics as the largest segment in the market, which accounted for over 40% share in the global market, in 2016. In Europe, demand for metallic layer covering and products of longer life expectancy are expected to propel demand for the PVD, thus boosting market growth. Some constraints of the PVD coating technique include line-of-sight transfer and inadequate availability of skilled personal for some PVD products that work at vacuums and high temperatures. This is expected to hinder growth of the market. However, the benefits of PVD coatings such as increased rigidity and resistance to erosion than coatings connected by the electroplating procedure or processes, along with high temperature resistance and strength, and greater durability that enables protection of topcoats are expected to drive growth of the physical vapor decomposition market.
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On January 31, 2017, Evonik set up a new research laboratory in Istanbul, Turkey, which helped the company expand in the Middle East. Growth of Nano InvisiPrint system, anti-fingerprint solutions for electronic display were developed by Nanotechnologies (NBD) on February 7, 2017.
Other key participants in the physical vapor deposition market include AJA International Inc., Advanced Energy Industries Inc., Angstrom Engineering, Hauzer Techno Coating, Impact Coatings, Johnsen Ultravac, Richter Precision, Kurt J. Lesker Co, Platit AG, Sulzer Metplas, Oerlikon Balzers Hartec GmbH, and Tokyo Electron.
The PVD segment is expected to expand at a significant CAGR in terms of value. Technological advancement and product innovations are providing opportunities for players to focus on the physical vapor deposition market, which is further expected to create demand over the forecast period.
Physical Vapor Deposition Market Taxonomy
On the basis of material type;Titanium, Titanium Nitrate, Tantalum, Tantalum Nitrate, AluminumSeed Layer
On the basis of uses to application industry,AerospaceAutomotiveSurgical/Medical, Dies and moulds for all manner of material processing, Thin films (window tint, food packaging, etc.), Metals (Aluminum, Copper, Bronze, etc.)
On the basis of market analysis,PVD Equipment, PVD Services, PVD Materials
PVD helps in evaporation, vacuum, and sputtering frameworks to produce wear resistance and quality coatings, and used to improve performance in electroplating applications. Processes involved in PVD coatings are more environmentally friendly and reduce the toxicity of substance as compared to conventional coting procedures. PVD coatings help reduce friction, and are thus used for high performance moving parts in the aerospace and automotive industries. The growing aerospace and automotive industries are in turn, driving growth of the PVD market.
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Rise in demand for PVD in solar energy products is thus anticipated to boost the overall market for PVD over the forecast period. Physical vapor deposition is used for coating solar cells in order to improve the performance of devices. Medical equipment, architectural glasses, and data storage are also among the major application segments for PVD. In 2013, physical vapor deposition market exhibited a CAGR of 55% and is further expected to expand over the forecast period.
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