Global Physical Vapor Deposition Market is Expected to Reach US$ 33,335.2 Mn in 2025

Transparency Market Research has released a new market report titled “Physical Vapor Deposition (PVD Equipment, PVD Services and PVD Materials) Market for Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global Physical Vapor Deposition market was valued at US$ 16,410.9 Mn in 2016 and is projected to reach US$ 33,335.2 Mn by 2025 at a CAGR of 8.3% from 2017 to 2025.

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Physical vapor deposition is a vacuum coating process that is used to produce coatings and thin films. Sputtering, evaporation, etc. are some of the processes of physical vapor deposition. It is basically used for various application such as microelectronics, medical equipment, solar products, cutting tools, data storage, architectural glasses and others. Growth in end-use applications such as microelectronics, cutting tools is primarily expected to drive the global market for physical vapor deposition. Furthermore, rise in demand for physical vapor deposition in solar industry is also anticipated provide lucrative opportunities for physical vapor deposition during the forecast period. Also, operational benefits and environment-friendly characteristics are anticipated to add to the growth of the physical vapor deposition market. However, patent protected technologies along with high capital investment is anticipated to hinder the overall growth of the physical vapor deposition market.

Asia Pacific accounted for highest market share for physical vapor deposition market in 2016. Asia Pacific is anticipated to exhibit significant growth rate compare to all other regions during the forecast period. Increasing awareness of physical vapor deposition in various application such as cutting tools, solar products, and microelectronics are the key factors which is expected to drive the demand for physical vapor deposition in Asia Pacific region. China, Japan and India are the key countries contributed majority of the share for physical vapor deposition in Asia Pacific region in 2016.

The physical vapor deposition market in North America is estimated to expand at a significant CAGR after Asia Pacific during the forecast period. In North America, U.S. was a major region for physical vapor deposition in 2016. High Penetration of microelectronics in various end-use industries such as automotive, semiconductor, etc. are anticipated to drive the demand for physical vapor deposition during the forecast period.

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Other regions such as Europe, Latin America and Middle East & Africa physical vapor deposition market is anticipated to grow at relatively slower rate compare to Asia Pacific and North America. In Europe, Germany market is expected to grow at faster rate compare to other countries in Europe. Rise in demand for physical vapor deposition rise in manufacturing of medical equipment and solar products are the key factors which makes the Germany market highly lucrative.

The report segments the global physical vapor deposition market as follows:

Physical Vapor Deposition Market: By Category

  • PVD Equipment

  • PVD Services

  • PVD Materials

Physical Vapor Deposition Market: By Application

  • Microelectronics

  • Data Storage

  • Solar Products

  • Medical Equipment

  • Cutting Tools

  • Architectural Glasses

  • Others (nuclear, etc.)

Physical Vapor Deposition Market: Regional Analysis

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • ASEAN

    • Rest of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Middle East & Africa (MEA)

    • GCC

    • South Africa

    • Rest of Middle East & Africa

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