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...