What is the Global Physical Vapor Deposition Market Size?
The Global Physical Vapor Deposition Market was registered a value of around USD XXX billion in 2016, With a CAGR of XXX%, the market size is expected to cross USD XXX billion by 2023.
Physical Vapor Deposition (PVD) is a thin film decomposition technique, which evaporates solid metal in a vacuum environment. It is used as a pure metal or alloy coating on electrically conductive metals. In PVD, the material endures a three-step procedure that first includes condensation, followed by vaporization, and back to a shortened thin film stage. Evaporation and sputtering are also some of the familiar PVD procedures. PVD is used for producing synthetic, optical, mechanical, or electronic capacities in thin films. The most common Physical vapor deposition processes are sputtering and evaporation. Physical vapor deposition is used in the production of items which require thin films for optical, mechanical, chemical or electronic functions. Instances of semiconductor devices include thin film solar panels, aluminized PET film for food packaging and balloons, and titanium nitride coated cutting tools for metalworking. Besides PVD tools for fabrication, special smaller tools have been developed.
Factors Driving the Growth of Global Physical Vapor Deposition Market:
End-use industries such as medicinal equipment and microelectronics are expected to rise the overall demand for products with PVD technology. Important applications of the PVD technology, such as data storage devices, cutting tools, microelectronics, architectural glasses, and medical equipment are in huge demand through a number of industries. The successful automotive and construction industries are also likely to bode well for the growth of the global PVD market. Increasing focus on the inclusion of green power technologies in their energy mixes are driving the increased demand for effective solar energy products, which, in turn, is also anticipated to drive the market. Restraints that threaten to hamper the market include the strict patent protection laws on existing PVD technologies. This might create complications for new entrants to expand in the global market, thus reducing the chances of healthy market competition.
Geographically, North America is the largest market for Global Physical Vapor Deposition Market followed by Europe, and Asia-Pacific has been termed as an emerging market with utmost significance to India and China that account for the high growth rate.
Some of the Leading Companies in the Global Physical Vapor Deposition Market:
Some of the key players in the market for the market are Applied Materials, Mustang Vacuum Systems, Platit AG, Inc., Oerlikon Balzers, HEF USA, Semicore Equipment, Silfex Inc. (Lam Research Corp.), ULVAC Inc., Singulus Technologies AG, Inc., IHI Corporation, and Buhler AG.
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