Abstract, Snapshot, Market Analysis & Market Definition: Global China Physical Vapor Deposition Market
The global China Physical Vapor Deposition market size is projected to reach US$ 6.15 billion by 2026, from US$ 4.1 billion in 2020, at a CAGR of 7% during 2021-2026. Growing demand for reliable and durable coatings in solar products and medical equipment is projected to drive the expansion. Rising demand from the microelectronics industry is expected to drive the physical vapor deposition (PVD) equipment market in the forthcoming years.
Physical vapor deposition is a thin film deposition technique that produces coatings of pure metals, alloys and ceramics, typically from range of 1 to 10 µm. PVD technology includes a process of evaporation and condensation of base material on target object to form thin and reliable coating layer. Raw material used in physical vapor deposition process includes Titanium, nitrogen, aluminum, titanium carbonitride, and zirconium nitride. Coatings comprise ceramics or metals, usually oxides, nitrides, and carbides.Technology includes thermal evaporation, sputter deposition, electron beam and sputter, pulsed laser, cathodic arc, and ion plating.
The China PVD market is expected to witness significant growth on account of rising product demand from various applications including microelectronics, data storage, solar products, and medical equipment. The market is competitive with major companies involved in continuous product innovation and R&D activities owing to the stringent environmental regulations and with a goal of expanding their customer base. The industry is characterized by new product launches and expansions, as the companies try to expand their customer base.
The demand is expected to witness a significant increase every year with growing demand for upgraded equipment, which, in turn, is expected to significantly contribute to the growth. PVD equipment category segment is projected to lead the China physical vapor deposition (PVD) market, in terms of revenue, owing to the rising demand for PVD coating in data storage, microelectronics, and solar product applications.
Market Segmentation, Outlook & Viewpoint: Global China Physical Vapor Deposition Market
Category Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)
- PVD Equipment
- PVD Materials
- PVD Services
Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)
- Microelectronics
- Data Storage
- Solar Products
- Cutting Tools
- Medical Equipment
- Others
Key Players, Recent Developments & Regional Insights: Global China Physical Vapor Deposition Market
Based on application, the market is segmented into, microelectronics, data storage, solar products, cutting tools, medical equipment, and others. Microelectronics and data storage are the major application segments. Microelectronics held the highest market share, in terms of revenue, at 36.50% in 2018 and is expected to reach USD 2.07 billion by 2025.Increasing demand for reliable and durable coatings in microelectronics is expected to drive the segment growth.
Physical vapor deposition services are used to get efficient coating for storage devices used in notebooks, computers, laptops, mobiles, and tablets occupied a significant market share of 25.31% in 2018. Physical vapor deposition (sputtering) is used in production of magnetic disk that is a key component of hard disk drives.
PVD is the most appropriate technology for providing a wear-resistant, hard coating on medical devices and surgical instruments. Surgical tools ranging from traditional scalpels and saws to horning tools, motorized drills and retractors, are coated with titanium nitride and aluminium titanium nitride to improve the sharpness and durability of the tools. Medical equipment application was estimated to be worth USD 173.5 million in 2018.
China Physical Vapor Deposition Market Share Insights
Key players holding a major market share include Advanced Energy Industries, Inc.; Applied Materials, Inc.; Intevac, Inc.; Oerlikon Balzers; and Impact Coatings AB. These companies aim to achieve optimum growth and strengthen their market position through various expansion strategies. These strategies include mergers and acquisitions of small or medium sized players, expanding as well as improving the sales and service network, and R&D initiatives to develop more efficient and cost effective products among others. The companies can offer a wider range of products if they possess a large product portfolio.
Key Insights Covered: Global China Physical Vapor Deposition Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of China Physical Vapor Deposition industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of China Physical Vapor Deposition industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of China Physical Vapor Deposition industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of China Physical Vapor Deposition industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of China Physical Vapor Deposition industry.
Research Methodology: Global China Physical Vapor Deposition Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other