PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211715
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1211715
Physical Vapor Deposition Market size was valued at USD 3,704.1 Million in 2022, expanding at a CAGR of 8.8% from 2023 to 2030.
The process used to create thin films and coatings is known as physical vapor deposition (PVD), sometimes known as physical vapor transport (PVT), and it encompasses several vacuum deposition techniques. Materials moved from the condensed phase of thin films to the vapor phase in this process before returning to the condensed phase. Applications for physical vapor deposition (PVD) include the production of microelectronic devices, surface alterations of battery and fuel cell electrodes, interconnects, diffusion barriers, and optical and conductive coatings.
Physical Vapor Deposition Market- Market Dynamics
The market is anticipated to increase as a result of the focus on environmentally friendly coating procedures. There are several other processes for coating metal, some of which might be harmful to the environment since they employ caustic cleaning agents, pigments, and other chemicals. Even though these other processes have controls and procedures in place, there is always a danger of exposure. By employing colors and acids for cleaning, water flushing, and air discharge, these operations can stay within the legal pollution limitations; nonetheless, they are still releasing toxic substances into the environment that have an adverse effect. Three easy processes make up PVD, a vacuum testing method that is safe for the environment and produces thin films and nanoparticles by vaporizing the substance from a strong source, transporting the broken-down component, and nucleation and development (NPs). The method known as physical vapor deposition, or PVD, is not only useful and economical but also environmentally friendly. With the addition of this new machinery, many businesses started utilizing the PVD process, which leaves almost no environmentally toxic residues and is a fantastic way for any company to reduce its environmental effect.
Physical Vapor Deposition Market- Segmentation Analysis:
The Global Physical Vapor Deposition Market is segmented based on Category, Process, Application, and Region.
Based on category, the market is segmented into Physical Vapor Deposition (PVD) Equipment, Physical Vapor Deposition (PVD) Materials and Physical Vapor Deposition (PVD) Services. During the projection period, the PVD equipment segment is anticipated to experience substantial revenue growth. PVD equipment frequently includes vacuum, heating, condensation, and coating equipment. Vapor deposition equipment often offers a wide range of coating techniques in a compact, user-friendly form. This gives a degree of adaptability that is unequalled by other systems. As an alternative to competing for higher-temperature systems, some equipment also offers a patented lower-temperature cathodic arc technology that can handle a wider range of materials (including plastic). As a result, these elements are increasing the demand for PVD equipment, which in turn is propelling market revenue development.
Based on process, the market is categorized into Thermal Evaporation, Sputter Deposition and Others. During the projection period, the thermal evaporation segment is anticipated to have substantial revenue growth. Thermal evaporation is a common method for physical vapor deposition. It typically entails utilizing a resistive heat source to evaporate a solid substance in a vacuum to generate a thin film, making it one of the most fundamental forms of PVD. The substance is heated in a high vacuum chamber till vapor pressure is produced. The vapor stream, which has evaporated material in it, flows thermally across the vacuum chamber as it coats the substrate. Thermal evaporation causes the deposition of numerous metals and nonmetals, including aluminum, chromium, gold, indium, and many others.
Physical Vapor Deposition Market- Geographical Insights
In terms of region, Europe dominated the market in 2022 and is anticipated to continue to do so throughout the projected period. The demand for environmentally friendly products has increased as a result of the region's growing concern over greenhouse gas emissions. For instance, the physical vapor deposition process uses environmentally friendly materials like chromium nitride and titanium nitride (TiN) (CrN). These materials further improve the surface polish by being electroplated with corrosion-resistant coating. They also provide greater performance without the threat of environmental risks. Therefore, as a result of this, it is anticipated that the market would rise favorably during the projected period due to the rising demand for environmentally friendly coating techniques across various industrial applications.
Physical Vapor Deposition Market- Recent Development:
In June 2022, PVD Products Inc., which specializes in the production of PVD processes and PLD systems, was successfully acquired by High Temperature Superconductors, Inc. The acquisition is anticipated to improve HTS, Inc.'s position in the market.
Key features of the study:
This proposed research study on the Physical Vapor Deposition market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the Physical Vapor Deposition market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Physical Vapor Deposition market
The impact of COVID-19 on the Physical Vapor Deposition market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Physical Vapor Deposition market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Physical Vapor Deposition market, we have also included a competitive landscape and key innovator analysis for the Physical Vapor Deposition market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Physical Vapor Deposition market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Physical Vapor Deposition market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PHYSICAL VAPOR DEPOSITION MARKET KEY PLAYERS
Applied Materials Inc.
IHI Ionbond AG
IHI HAUZER B.V.
Adeka Corporation
Aixtron SE
Plasma Therm
IHI Group
Tokyo Electron Limited
Lam Research Corporation
Kurt J. Lesker Company
Oerlikon Balzers Coating AG
Veeco Instruments
ASM International
ULVAC
GLOBAL PHYSICAL VAPOR DEPOSITION MARKET, BY CATEGORY
Physical Vapor Deposition (PVD) Equipment
Physical Vapor Deposition (PVD) Materials
Physical Vapor Deposition (PVD) Services
GLOBAL PHYSICAL VAPOR DEPOSITION MARKET, BY PROCESS
Thermal Evaporation
Sputter Deposition
Others
GLOBAL PHYSICAL VAPOR DEPOSITION MARKET, BY APPLICATION
Semiconductor and Electronics
Microelectronics
Data Storage
Solar Products
Medical Equipment
Cutting Tools
Architectural Glasses
Others
GLOBAL PHYSICAL VAPOR DEPOSITION MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA