Physical Vapor Deposition Market Is growing at CAGR of 5.4% during the forecast period (2019-2027)


Posted February 11, 2022 by neha_s

Physical vapor deposition (PVD) is also referred to as physical vapor transport (PVT) which includes a variety of vacuum deposition the process that is used to produce thin films and coatings.

 
Physical vapor deposition (PVD) is also referred to as physical vapor transport (PVT) which includes a variety of vacuum deposition the process that is used to produce thin films and coatings. In this process materials transferred from condensed phases to vapor phases and then get back to the condense phase of thin films.

Physical vapor deposition (PVD) is used across various applications such as fabrication of microelectronic devices, surface modifications battery and fuel cell electrodes.

The global physical vapor deposition market is projected to reach around US$ 25.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019-2027).

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Market Opportunities
Rising demand for physical vapor deposition coating for improving the appearance of products and durability coupled with the renovating the product’s base material is expected to propel the market growth of physical vapor deposition. In addition, the process is also gaining demand because of eco-friendly nature and other advantages that provides durability, appealing, and bright finishes to a wide range of industrial products.
Growing application of physical vapor deposition in a solar panel in order to improve the performance and efficiency is expected to provide potential growth opportunities to the market of physical vapor deposition.

Major Keyplayers: Oerlikon Balzers (Oerlikon Group), IHI Corporation, Silfex Inc. (Lam Research Corp.), Lam Research Corp, Singulus Technologies AG, Applied Materials, Inc., ULVAC Inc., Veeco Instruments Inc., Buhler AG, Semicore Equipment, Inc., and Platit AG.

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Issued By Coherent Market Insights
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Categories Business , Industry
Last Updated February 11, 2022