Increasing demand for thin film coatings from microelectronics and solar products is expected to drive demand. Moreover, an increasing number of end-use industry players are projected to drive the “Physical Vapor Deposition (PVD) Market“ over the forecast period. Also, advancement in technology is another driving factor that is likely to boost the global physical vapor deposition market.
The need for highly sophisticated surface related properties such as super plasticity, magnetic, optical, electronic, and catalytic properties by advanced mono-structured coatings is contributing to the growth of the market. PVD is also used for making the coated product more attractive and durable for industrial applications that require high-speed machining, tooling, and magnetic storage devices.
Further key findings from the report suggest:
The market for physical vapor deposition was estimated at USD 14,411.8 million in 2015. Rising efficiency and environmental benefits offered by these coatings coupled with the growth of the manufacturing sector in developing markets of Asia Pacific are expected to augment growth over the forecast period.
Browse Detail Report With TOC @ http://hexareports.com/report/physical-vapor-deposition-pvd-market/details
The market in microelectronics was estimated at USD 5.45 billion in 2015. These products are used for coating semiconductors; and LEDs to provide the base material with aesthetic properties such as heat resistance, and rigid surface.
Asia Pacific accounted for 45.4% of the global market in 2015 and is expected to witness growth in light of rising government spending on the manufacturing sector. The falling price of renewable-generated electricity is projected to be the key driver for the growth of the market over the next eight years. Moreover, the presence of a large electronic manufacturing sector is expected to bolster growth over the forecast period.
Browse More Chemicals Related Market Research Reports:
• Specialty Carbon Black Market Analysis And Segment Forecasts To 2024 – http://hexareports.com/report/specialty-carbon-black-market/details
• Wood Adhesives Market Analysis And Segment Forecasts To 2021 – http://hexareports.com/report/wood-adhesives-market/details
The Middle East & Africa is expected to witness substantial growth at a CAGR of 8.6% from 2016 to 2024.Growing private sector participation in healthcare industry owing to rising health concerns is expected to drive the PVD coating market in this region. The strong presence of key service providing companies due to high demand from applications such as microelectronics and data storage is leading the market growth in MEA.
Key players in the PVD market include Advanced Energy Industries Inc., AJA International Inc., Veeco Instruments, Angstrom Engineering and Applied Materials Inc. These companies focus on R&D for product development to enhance their PVD coatings portfolio.
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Felton Office Plaza,
6265 Highway 9,
Felton, California, 95018,
Email Us: firstname.lastname@example.org
Our Website: http://www.hexareports.com
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Address:Felton Office Plaza, 6265 Highway 9
Country: United States