+1-518-621-2074 | US-Canada Toll Free Contact Us

Significant Growth in the Physical Vapor Deposition Market due to Increasing Demand from Medical Sector

about us

Published on : Mar 14, 2016

Physical vapor deposition (PVD) is a wear resistant technology that is used to produce thin films on a number of items such as medical devices, automotive, and food packaging, to name just a few. PVD uses a physical process such as heating, to produce a vapor of material, which is then deposited over the surface of an object to be coated. 

Multiple Advantages of PVD makes them Valuable for Various Industries

Physical vapor deposition is corrosion resistant, environment friendly, and the coatings are harder as compared to other coatings which are done by means of electroplating. The coating thus produced is useful for coating metals, watches, optics, cutting tools, medical devices, and dyes and moulds. There is a huge demand for physical vapor deposition from various industries such as aerospace, automotive and medical devices manufacturing plants, thus propelling the global market for physical vapor deposition. According to a report published by Transparency Market Research, the physical vapor deposition market is expected to expand at a CAGR of 9.50% in the period from 2013 to 2019. The growth is expected due to a huge requirement from defense, medical and computer application areas in the coming years. Advancement in technology is another driving factor that is likely to boost the global physical vapor deposition market. 

Limited R&D efforts to restrain the Development of the PVD Market 

The patent protection laws on PVD technologies can reduce healthy competition as they inhibit the growth of new entrants by curbing their expansions. Another factor that inhibits the physical vapor deposition market is the limited R&D efforts carried out in the field of physical vapor deposition.

PVD Equipment Segment Dominated the Market in 2012

On the basis of industry, the global physical vapor deposition market is segmented into PVD equipment, PVD materials, and PVD services. Of these, the PVD equipment segment dominated the market, accounting for 65% of the total physical vapor deposition market in 2012. 

The PVD services segments is anticipated to show the fastest growth during the period 2013 to 2019, expanding at a CAGR of 9.70% in the period from 2013 to 2019.