Skip to main content

Physical Vapor Deposition Market: Knowledge Regarding Benefits over Conventional Coating Methods to Fuel Demand, says TMR

The global physical vapor deposition (PVD) market is currently led by manufacturers such as IHI Ionbond AG and Oerlikon Balzers (Oerlikon Group). Together these companies account for the dominant market share in the market, clearly due to the superfluous coasts of PVD devices. As the patent protected nature of the PVD technology has restricted the scope for entry of new players, the existing ones enjoy stronghold in determining the price points. A majority of these companies are domiciled in North America, Europe, and Asia Pacific, finds Transparency Market Research (TMR) in a new study. As a result, only strategic collaborations with PVD companies across these regions can help new vendors establish their foothold in the global physical vapor deposition market. 

As per TMR, the global PVD market, which in 2015 stood at US$13.6 bn is expected to reach US$21.8 bn by the end of 2024. If the figures hold true, the global physical vapor deposition market will exhibit a CAGR of 5.5% between 2016 and 2024. Among the key segments, PVD equipment emerged dominant with a share of 57% in the market in 2015. Through the forecast period, the segment is poised to exhibit a positive trajectory. Regionally, the overall market was led by Asia Pacific with a share of 40% in 2015. In the forthcoming years as well, the region is projected to maintain its dominance. 
View Exclusive Global Strategic Business Report:  http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1202
Demand for PVD Technology to Rise as People Become Aware of its Diverse Applications 
The global physical vapor deposition market is chiefly gaining from the rising awareness regarding the benefits of the technology over conventional coating methods. In the PVD technology several high-strength solid materials such as aluminum, chromium, and titanium are used, which ensure better strength, durability, and high corrosion resistance of PVD coatings. Moreover, no residue is formed during the application method of PVD coatings, which is a key factor fuelling their demand in the global market. 
In addition, PVD coatings ensure uniform and controllable deposits contrary to the uncontrollable deposits formed during electroplating. It is due to the environment-friendly characteristics of PVD, such as it generates no or very less toxic wastes, which mitigates the need of waste management, that the demand for physical vapor deposition is expected to rise in the coming years. Furthermore, the increasing use of the PVD technology in the production of low-e glass is also projected to give the global PVD market a significant impetus in the forthcoming years. 
Market being Patent-protected Restricts Entry of New Players 
A majority of the key elements of the PVD industry, such as PVD chambers, coating materials, PVD targets, and process kits are protected by patents, the right to which belong to key market players. The patented nature of PVDs not only restricted the entry of new players but also limited the scope of expansion for smaller companies. Furthermore, the PVD technology requires high initial investment, for end users to customize it based on specific applications. These factors have a negative impact on the overall physical vapor deposition market. 
Furthermore, differentiating manufacturing processes and innovating new products will require high investment. Sustenance become a big challenge in this scenario thus hampering the global PVD market to an extent. 
The report segments the global physical vapor deposition market as: 
PVD Market Analysis
  • PVD Equipment
  • PVD Materials
  • PVD Services 
PVD Market: Application Analysis
  • Microelectronics
  • Storage
  • Solar
  • Medical Equipment
  • Cutting Tools
  • Others 
This review is based on a TMR study, titled “Physical Vapor Deposition Market  - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.” 

Labels

Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...
Post a Comment
Read more

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Virtual pipeline system market - Demand of cleaner energy alternatives, Trends 2025

Powered by the advancing concerns over renewability of energy sources has affected the natural gas industry positively. The transportation of oil and natural gas in a brisk, albeit safe manner has never been such an urgent requirement. With pipelines being the most common approach, they are the primary choice of supply of energy sources. Physical pipelines, being confined to specific geography, are not found to be effective in terms of unfeasible terrains or technically inaccessible areas. As a result, the virtual pipeline industry has been gaining recognition, and is slated to be one of the fastest growing markets in the upcoming years. According to a report published by Transparency Market Research (TMR), the global virtual pipeline industry is anticipated to witness a steady growth during the forecast period of 2017-2025. The industry opportunity is expected to be supported by the brisk acceleration of the demand of transportation of liquid energy resources. Industrial space...
Post a Comment
Read more