Global Physical Vapor Deposition Market
The global Physical Vapor Deposition market was valued at USD 2.5 billion in 2021 which expected to reach USD 4.5 billion by 2027 at a CAGR 8.23 % from 2021-2027.
Physical vapour deposition (PVD) is also known as physical vapour transport (PVT), and it refers to a variety of vacuum deposition processes used to create thin films and coatings. Materials are transferred from condensed to vapour phases and then back to the condensed phase of thin films during this process. PVD is used in a variety of applications, including the fabrication of microelectronic devices, surface modifications, battery and fuel cell electrodes, interconnects, diffusion barriers, optical and conductive coatings.
Market Drivers
Growing Demand for Eco-Friendly Coating Processes to Promote Growth According to Eurostat, the industrial sector accounts for more than half of total European emissions. Concerns about greenhouse gas emissions are driving up demand for environmentally friendly products. For example, the physical vapour deposition process uses environmentally friendly materials such as titanium nitride (TiN) and chromium nitride (CrN). These materials are coated with corrosion-resistant electroplating to improve the surface finish. Furthermore, they provide superior performance while posing no environmental risks.
Market Restraint
Physical vapour deposition market growth is expected to be limited by high capital investment and a lack of product differentiation and innovation. New and advanced product development technologies necessitate large capital investments in research and development, and the high cost of investment is expected to stymie the market growth of physical vapour deposition technology.
COVID-19 Impact on the Physical Vapor Deposition Market
The COVID-19 outbreak had a moderate impact on the growth of the PVD services market, particularly during the first half of 2020, due to lockdown, a lack of workforce, supply chain disruption, and a decrease in demand. Because of the resumption of industrial manufacturing, the market is expected to grow steadily over the forecast period.
Market Segmentation
The Global Physical Vapor Deposition Market is segmented into Product, Application. By Product such as Thermal Evaporation, Sputter Deposition, Arc Vapor Deposition. Further, market is segmented into By Application such as Semiconductor & Electronics, Solar Products, Cutting Tools, Medical Equipment, Other.
Regional Analysis
Global Physical Vapor Deposition Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Physical Vapor Deposition market. This is largely due to the region's extensive manufacturing of automotive and auto components, semiconductor and electronic products, and solar cells. Furthermore, rising industrialization and increased investment are expected to fuel market growth.
North America is expected to hold a considerable revenue share in the next years due to rising industrialization in Mexico and Canada has contributed significantly to the growth. Mexico's government announced in September 2021 that it intends to boost its semiconductor manufacturing industry by establishing a production facility in southern states.
Key Players
Various key players are listed in this report such as Oerlikon Group; Angstrom Engineering Inc.; Kurt J. Lesker Company; Voestalpine AG; Nissin Electric Co., Ltd.; IHI Corporation; HEF Groupe; Kobe Steel Ltd.; Lafer S.p.A.; Inorcoat among others.
Market Taxonomy
By Product
By Application
By Region
Key Questions Addressed by the Report
Global Physical Vapor Deposition Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Physical Vapor Deposition Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Physical Vapor Deposition Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Physical Vapor Deposition Market Share Analysis, By Product
5.3 Global Physical Vapor Deposition Market Size and Forecast, By Product
5.3.1 Thermal Evaporation
5.3.2 Sputter Deposition
5.3.3 Arc Vapor Deposition
6 Global Physical Vapor Deposition Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Physical Vapor Deposition Market Share Analysis, By Application
6.3 Global Physical Vapor Deposition Market Size and Forecast, By Application
6.3. 1 Semiconductor & Electronics
6.3.2 Solar Products
6.3.3 Cutting Tools
6.3.4 Medical Equipment
6.3.5 Other
7 Global Physical Vapor Deposition Market, By Region
7.1 Global Physical Vapor Deposition Market Share Analysis, By Region
7.2 Global Physical Vapor Deposition Market Share Analysis, By Region
7.3 Global Physical Vapor Deposition Market Size and Forecast, By Region
8 North America Physical Vapor Deposition Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Physical Vapor Deposition Market Share Analysis, By Product
8.3 North America Physical Vapor Deposition Market Size and Forecast, By Application
8.4 North America Physical Vapor Deposition Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Physical Vapor Deposition Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Physical Vapor Deposition Market Share Analysis, By Product
9.3 Europe Physical Vapor Deposition Market Size and Forecast, By Application
9.4 Europe Physical Vapor Deposition Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Physical Vapor Deposition Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Physical Vapor Deposition Market Share Analysis, By Product
10.3 Asia Pacific Physical Vapor Deposition Market Size and Forecast, By Application
10.4 Asia Pacific Physical Vapor Deposition Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Physical Vapor Deposition Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Physical Vapor Deposition Market Share Analysis, By Product
11.3 Latin America Physical Vapor Deposition Market Size and Forecast, By Application
11.4 Latin America Physical Vapor Deposition Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Physical Vapor Deposition Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Physical Vapor Deposition Market Share Analysis, By Product
12.3 Middle East Physical Vapor Deposition Market Size and Forecast, By Application
12.4 Middle East Physical Vapor Deposition Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Oerlikon Group
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Angstrom Engineering Inc
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Kurt J. Lesker Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Voestalpine AG
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Nissin Electric Co., Ltd.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 IHI Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 HEF Groupe.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Kobe Steel Ltd.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Lafer S.p.A
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Inorcoat
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
