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Transparency Market Research Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Published Date 03-Oct-2016

145 Page Report

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Global Physical Vapor Deposition (PVD) Market: Physical and Environmental Benefits over Conventional Coatings to Boost Demand Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com


Physical Vapor Deposition Market

REPORT DESCRIPTION Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

In the global physical vapor deposition (PVD) market manufacturers of PVD equipment such as Oerlikon Balzers (Oerlikon Group), and IHI Ionbond AG account for a dominant share of the pie, clearly owing to the disproportionally high costs of PVD equipment, observes a recent report by Transparency Market Research. The patent protected nature of the PVD technology has kept a check on the number of new entrants in the market in the past years. Most owners of crucial PVD technology are concentrated in Europe, North America, and Asia Pacific. As a result, strategic acquisitions and collaborations with PVD companies in these regions are expected to help new vendors to establish a foothold in the global PVD market.

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Transparency Market Research states that the global PVD market will expand from a valuation of US$13,600.0 mn in 2015 to US$21,898.8 mn by 2024. The market is expected to exhibit a healthy 5.5% CAGR over the period between 2016 and 2024. Of the three core segments of the market, the segment of PVD equipment, which presently led the market with a nearly 57% share in 2015, is expected to continue its healthy run over the forecast period as well. In terms of geography, Asia Pacific dominates, accounting for an over 40% of the global market in 2015. The region is also expected to remain the dominant regional market for PVD equipment, services, and materials in the near future.

Rising Awareness regarding Benefits of PVD over Alternatives to Drive Market The global PVD market is chiefly driven by the rising awareness regarding the advantages of physical vapor deposition coating over conventional coating technologies. The usage of several high-strength solid materials such as titanium, chromium, and aluminum in the PVD coating technique facilitate high strength, durability and corrosion resistance to the applied surface. Also, the application processes in PVD coatings do not result in any

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Physical Vapor Deposition Market

residue. This is unlike the alternate coating methodologies used in the market, such as electroplating and chemical vapor deposition (CVD). These alternatives include a limited number of metals for deposition, whereas PVD offers a wide range of metals and substrates for coating. Also, PVD coatings allow uniform and controllable deposits compared to the uncontrollable deposits formed by electroplating. Environment-friendly characteristics of PVD, such as the low or no generation of toxic wastes, thereby mitigating the need for waste management and minimization systems and making it a preferred choice over its substitutes. The vast usage of physical vapor deposition technology in the production of low emissivity or low-e glass, which finds extensive demand across several applications in construction and automotive industries, is also expected to emerge as a key growth driver of the global PVD market in the next few years.

Patent-protected Technologies Limit Growth Opportunities for New Players Most key aspects of the PVD industry, such as coating materials, PVD chambers, PVD targets, and PVD process kits are protected through patents owned by key market players. These patents have restricted the entry of new players as well as further expansion of smaller players in the global PVD market in the past few years. PVD technology also requires high investment at the initial stages and the PVD technology used by various end users is customized for specific applications. Most notable vendors in the market do not serve every application as the need for new products and technologies to serve an increased set of application areas becomes a capitalintensive task due to patent protected technologies.

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Furthermore, differentiating manufacturing processes and developing new products requires high investment in the field of research and development. The scenario makes sustenance a big challenge for smaller vendors and is expected to hamper to growth of global physical vapor deposition market in the next few years. This review of the market is based on a recent market research report published by Transparency Market Research, titled “Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.�

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Physical Vapor Deposition Market

For the study, the global PVD market has been segmented as follows: PVD Market Analysis •

PVD Equipment

PVD Materials

PVD Services

PVD Market: Application Analysis •

Microelectronics

Storage

Solar

Medical Equipment

Cutting Tools

Others

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Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact

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Physical Vapor Deposition Market

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Global Physical Vapor Deposition (PVD) Market: Physical and Environmental Benefits over Conventional  

Physical Vapor Deposition Market will expand from a valuation of US$13,600.0 mn in 2015 to US$21,898.8 mn by 2024, market is expected to exh...

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