The global physical vapor deposition (PVD) market is expected to reach USD 31.63 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for thin film coatings from microelectronics and solar products is expected to drive demand. Moreover, an increasing number of end-use industry players are projected to drive the PVD market over the forecast period. Also, advancement in technology is another driving factor that is likely to boost the global physical vapor deposition market.
The need for highly sophisticated surface related properties such as super plasticity, magnetic, optical, electronic, and catalytic properties by advanced mono-structured coatings is contributing to the growth of the market. PVD is also used for making the coated product more attractive and durable for industrial applications that require high-speed machining, tooling, and magnetic storage devices.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-market
Further key findings from the report suggest:
·
The market for physical vapor deposition was
estimated at USD 14,411.8 million in 2015. Physical vapor deposition (PVD) is a
coating mechanism carried out in a vacuum, in the presence of high temperature.
Rising efficiency and environmental benefits offered by these coatings coupled
with the growth of the manufacturing sector in developing markets of Asia
Pacific are expected to augment growth over the forecast period.
·
The market in microelectronics was estimated at
USD 5.45 billion in 2015. These products are used for coating semiconductors;
and LEDs to provide the base material with aesthetic properties such as heat
resistance, and rigid surface.
·
Asia Pacific accounted for 45.4% of the global
market in 2015 and is expected to witness growth in light of rising government
spending on the manufacturing sector. The falling price of renewable-generated
electricity is projected to be the key driver for the growth of the market over
the next eight years. Moreover, the presence of a large electronic
manufacturing sector is expected to bolster growth over the forecast period.
·
The Middle East & Africa is expected to
witness substantial growth at a CAGR of 8.6% from 2016 to 2024.Growing private
sector participation in healthcare industry owing to rising health concerns is
expected to drive the PVD coating market in this region. The strong presence of
key service providing companies due to high demand from applications such as
microelectronics and data storage is leading the market growth in MEA.
·
Key players in the PVD market include Advanced
Energy Industries Inc., AJA International Inc., Veeco Instruments, Angstrom
Engineering and Applied Materials Inc. These companies focus on R&D for
product development to enhance their PVD coatings portfolio.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global physical vapor deposition
market on the basis of market category, application and region:Global Physical Vapor Deposition Market Category Outlook (Revenue, USD Million; 2013 - 2024)
·
PVD Equipment
·
PVD Materials
·
PVD Services
Global Physical Vapor Deposition Market Application Outlook
(Revenue, USD Million; 2013 - 2024)
·
Microelectronics
·
Data Storage
·
Solar Products
·
Cutting tools
·
Medical Equipment
·
Others
Global Physical Vapor Deposition Market Regional Outlook
(Revenue, USD Million; 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-physical-vapor-deposition-pvd-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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