Physical Vapor Deposition Global Market To Reach Value Of About $25 Billion In 2025
23 Jul, 2021
The physical vapor deposition market consists of sales of physical vapor deposition equipment and related services by entities (organizations, sole traders, and partnerships) that manufacture physical vapor deposition equipment. Physical vapor deposition refers to several different vacuum deposition techniques that can be used to create thin films and coatings. Physical vapor deposition is described as a method in which a material transforms from a condensed to a vapor phase before returning to a thin film condensed phase.
Global Physical Vapor Deposition Market Size And Drivers:
The global physical vapor deposition market is expected to grow from $16.22 billion in 2020 to $17.17 billion in 2021 at a compound annual growth rate (CAGR) of 5.81%. The growth in the physical vapor deposition market is mainly due to the increasing demand for various coating materials by end-users. The market is expected to reach $24.89 billion in 2025 at a CAGR of 9.74%. The rising demand for medical devices and equipment is projected to drive the growth of the physical vapor deposition (PVD) market in the coming years.
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Trends In The Global Physical Vapor Deposition Market
The growing technological advancements are gaining popularity in the physical vapor deposition market. Major companies are developing advanced coating solutions, which improve productivity and are also environment friendly. For instance, in 2020, Germany based Inorcoat introduced its new PVD plating technology for intaglio printing plates, which includes a thin-film development for printing plates. The new solution will also help the security printing industry to make industrial production more environmentally free.
Global Physical Vapor Deposition Market Segments:
The global physical vapor deposition market is further segmented based on type, process, application and geography.
By Type: PVD Equipment, PVD Materials, PVD Services
By Process: Thermal Evaporation, Sputter Deposition
By Application: Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, Others
By Geography: The global physical vapor deposition market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the physical vapor deposition market in 2020.
Read More On The Report For The Global Physical Vapor Deposition Market At:https://www.thebusinessresearchcompany.com/report/physical-vapor-deposition-global-market-report
Physical Vapor Deposition Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides physical vapor deposition market overviews, analyzes and forecasts market size and growth for the global physical vapor deposition market, physical vapor deposition market share, physical vapor deposition market players, physical vapor deposition market segments and geographies, physical vapor deposition market’s leading competitors’ revenues, profiles and market shares. The physical vapor deposition market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.