Coherent Market Insights published a business research report on Physical Vapor Deposition Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Physical Vapor Deposition Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Physical vapor deposition (PVD) also known as physical vapor transport (PVT) defines a diverse collection of vacuum deposition methods which is used to make thin films and coatings on substances like metal, ceramic, polymer or may be glass. The process includes transition of materials or substances from its condensed phase to its vapor phase and again regaining its previous condensed phase of thin films. The application of physical vapor deposition are as surface modifications battery and fuel cell electrodes, fabrication of microelectronic devices, interconnects, optical and conductive coatings and diffusion barriers. In industries, mostly thermal evaporation, ion plating and sputtering of physical vapor deposition are seen. The process has its extensive usage in semiconductor device manufacturing like thin-film solar panels, aluminized polyethylene terephthalate (PET) film for packaging of foods and titanium nitride coated cutting tools for metalworking.
Globally, the market of PVD was priced at US$ 18.9 Bn in the year 2021 as per revenue, showing a CAGR of 5.59% in the predicted period from 2022 to 2030.
Drivers
Rise in saturation of microelectronics in the many industries is mainly boosting the growth of the physical vapor deposition market. Microelectronics is needed in producing small electronic tools whose size is micrometer and is used in defense, automotive and healthcare industries. Microelectronics main area of application is in the PVD. Thus, the development of the market of microelectronics is boosting the growth of the physical vapor deposition market.
Increasing application of PVD in the manufacturing of low-e glass in industries like construction and automotive is estimated to increase the growth of the market. Physical vapor deposition materials/substances to coat low-e glass are aluminum & aluminum alloy, copper & its alloy, chromium and silver. In the construction industry, the reduction of heat loss caused by low-e glass is winning much significance. Thus, in the construction industry, increasing need for low-e glass is anticipated to fuel the growth of the PVD market.
Based on the region, Europe holds a dominating place in the 2021 market, and is anticipated to keep up its strong presence in the predicted period. The increasing awareness about greenhouse emissions in the region has boosted the need for biological products that are safe. For example, the process of PVD uses environment friendly products like chromium nitride (CrN) and titanium nitride (TiN). As all these materials are coated on corrosion-resistant electroplating, they add extra to the surface’s finish. Further, they give better performance and do not cause any hazard to the environment. Thus, due to this, the increased demand for the environment friendly coating methods in the various industrial usages is anticipated to approve the market growth in the predicted period.
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Due to the disruption in the production in many chief end-use industries, the need for all the groups decreased substantially at the time of COVID-19 pandemic. Since the physical vapor deposition industries do not come under the catergory/group of essential services, it witnessed an adverse effect on yearly rate of growth owing to fall in the demand from main usages like electronics, cutting tools, components and others.
Market Restraints
The cost of capital investment being high and the shortage of product distinction and advancement are anticipated to restrain the growth of the physical vapor deposition market. Novel and advancement in product developing technology needs high capital investment in fields of R&D (research and development) and the investment cost being high is anticipated to hamper the growth of the PVD market technology.
Market Trends
Increasing tendency of using materials made of plastic in the electrical industry is anticipated to boost the growth of the PVD market. The plastic for use in electrical industry needs to be durable and scratch-resistant to see the functional requisite and aesthetic in look. The technology used in physical vapor deposition is better in comparison to traditional technologies of coating, therefore, fuelling the growth of the physical vapor deposition market.
Based on the type of industry, the market of physical vapor deposition held a dominant position in 2021. The equipment of physical vapor deposition means the thin film deposition devices that are applied for sputter deposition, thermal evaporation, and arc vapor deposition. They find application in many industries worldwide. PVD equipment like thin film deposition is applied in many uses like microelectronics, solar products, medical application, data storage and also in many other usages. Due to its thickness, reflectivity, adhesion, uniformity, thin film deposition is estimated to gain attention in many end-use industries.
Recent Developments
- A physical vapor deposition industry, named Oerlikon in June 2022, enhanced their productivity and escalated their lifespan and custom-made solutions and the most sort after usages within plastic and chemical industries and in PUR usages, these are the conclusive arguments with which Oerlikon Barmarg is illustrating their precision metering pumps. The emphasis is on the novel pump for shear-sensitive assigned media and the novel eccentric screw pump.
- A PVD industry named Veeco Instruments in April 2022, revealed its ESG goals- environmental, social and governance for the year 2022 and further then, demonstrating the company’s current commitment to CSR (corporate social responsibility). The goals are made as per the feedback conveyed by the stakeholder’s of the company and the 2021’s materiality assessment’s result, in relation to change of climate, responsibility towards product, diversity, inclusion and responsibility towards corporate power.
- A PVD industry, named Veeco Industries in February 2022, pronounced that a mask blank supplier to the semiconductor industry has ordered Veeco’s IBD-LDD Ion Beam Deposition (IBD) System. The Ion Beam Deposition (IBD) system wants to see the rising need for the extreme ultraviolet (EUV) mask blanks in creating semiconductor devices in relation to advanced logic and memory usages. The new customer will acquire Veeco’s Ion Beam Deposition (IBD) technology for low defect EUV mask blanks designed for producing in high volumes.
Competitive Section
The main companies participating in the market of physical vapor deposition worldwide are Advanced Energy Industries, Inc., AJA International, Inc., Oerlikon Balzers (Oerlikon Group), IHI Corporation, Lam Research Corp, Singulus Technologies AG, Applied Materials, Inc., ULVAC Inc., Veeco Instruments Inc., Buhler AG, Semicore Equipment, Inc. and Platit AG
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Physical Vapor Deposition Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Physical Vapor Deposition Industry Impact
Chapter 2 Global Physical Vapor Deposition Competition by Types, Applications, and Top Regions and Countries
2.1 Global Physical Vapor Deposition (Volume and Value) by Type
2.3 Global Physical Vapor Deposition (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Physical Vapor Deposition Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Physical Vapor Deposition Market Analysis
Chapter 6 East Asia Physical Vapor Deposition Market Analysis
Chapter 7 Europe Physical Vapor Deposition Market Analysis
Chapter 8 South Asia Physical Vapor Deposition Market Analysis
Chapter 9 Southeast Asia Physical Vapor Deposition Market Analysis
Chapter 10 Middle East Physical Vapor Deposition Market Analysis
Chapter 11 Africa Physical Vapor Deposition Market Analysis
Chapter 12 Oceania Physical Vapor Deposition Market Analysis
Chapter 13 South America Physical Vapor Deposition Market Analysis
Chapter 14 Company Profiles and Key Figures in Physical Vapor Deposition Business
Chapter 15 Global Physical Vapor Deposition Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued….
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