Physical vapor deposition (PVD) is a vacuum technique that can be utilized to create coatings and thin films. PVD is a procedure in which the material goes from a condensed stage to a vapor stage and afterward back to a condensed thin film stage. The most well-known PVD procedures are evaporation and sputtering. PVD is used for producing mechanical, synthetic, optical or electronic capacities which require thin films.
Asia Pacific and Middle East are expected to be the fastest growing regions in the physical vapor deposition market as microelectronics used for physical vapor deposition equipment materials and services are 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 physical vapor deposition market which is expected to create demand over the estimated forecast period.
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Physical Vapor Deposition Market Taxonomy
On the basis of material type,
- Titanium Nitrate
- Tantalum Nitrate
- Seed Layer
On the basis of uses to application industry,
- 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 is a technological advancement which helps in evaporation, vacuum, and sputtering frameworks to produce a wear resistance and quality coatings. In 2013, physical vapor deposition market demand had a CAGR of 55% and which is expected to continue over the forecast period.
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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. In Asia Pacific, countries like India, China and Japan are generating demand which is expected to continue throughout the forecasted period. The European physical vapor deposition market is expected to grow throughout the forecasted period as demand for metallic layer covering and products of longer life expectancy is to propel the demand for the PVD market.
Some of the PVD coating techniques causes constraints such as line-of-sight transfer is a common place, some PVD products work at vacuums and high temperatures which require unique skilled personnel which is less available in automated industries. PVD coatings are harder and more resistant to erosion than coatings connected by the electroplating procedure or processes. Most coatings have high temperature and strength, good resistance and are durable to the point that protect topcoats.
Key market participants in the physical vapor deposition market such as 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.
Growth of Nano InvisiPrint system, anti-finger prints solution for electronic display were developed by Nanotechnologies (NBD) on February 7, 2017. On January 31, 2017, Evonik set up a new research laboratory in Istanbul, Turkey, which helped Evonik, to expand in the Middle East.
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