Physical vapor deposition (PVD) is a thin film decomposition technique, which vaporizes solid metal in a vacuum environment. It is used as a pure metal or alloy coating on electrically conductive metals. In PVD, the material undergoes a three-step procedure that first includes condensation, followed by vaporization, and back to a condensed thin film stage. Evaporation and sputtering are also some of the well-known PVD procedures. PVD is used for producing mechanical, synthetic, optical, or electronic capacities in thin films.
Asia Pacific and the Middle East are expected to be the fastest growing regions in the physical vapor deposition market as the use of microelectronics in these regions is gaining traction.
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,
On the basis of uses to application industry,
On the basis of market analysis,
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.
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.
Physical Vapor Deposition Market Outlook – Asia-Pacific leading the Market
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.
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.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.