The global “PVD Coating Service Market: Opportunity Analysis and Future Assessment 2022-2030” issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
PVD Coating Service Market, By Type (Thermal Evaporation (Pulsed Laser Deposition, Electron Beam Deposition), Sputter Deposition (Ion Beam Sputtering, Magnetron Sputtering), Arc Vapor Deposition), By Substrate Material (Steels, Non-Ferrous Metals, Tungsten Carbides, Pre-Plated Plastics, Others), By Application (Forming Tools, Mechanical Components, Medical Devices, Microelectronics, Decorative Coatings, Automotive, Heavy Truck, Home Appliances, Cosmetics and Packaging Containers, Others), By Layer (Mono, Multi, Graded Layers) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The PVD coating service market is estimated to reach at a value of US$ 19.9 Bn by the end of 2022 and expected to reach at a value of US$ 31.1 Bn by 2030 with a significant CAGR of 5.8%.
PVD is basically an abbreviated name for Physical Vapor Deposition. The PVD coating pertains to a range of thin film deposition methods where a solid material is evaporated in a void environment and sedimented on substratum as a pure substance or alloy formulation coating.
The PVD coating carries the potential to offer a lifelong protection from regular cleaning, which further adds value and durability to the product. As a result, the PVD coating finds several applications across various industries including optical applications scaling from eye glasses to self-cleaning tinted windows, photovoltaic applications for solar energy, device applications like computer displays, chips and communications as well as decorative or functional finishes, from durable hard protective films to dazzling platinum, gold or chrome plating. Owing to which, the global PVD coating service market is projected to rise significantly over the forecast period.
In addition to that, the physical vapor deposition technology holds a crucial role in improving the performance of electronic components. For instance, in the automotive sector, the thin and transparent nature of the PVD coating enables the electromagnetic waves and light to permeate through the coated elements. Attributing to such factors, the PVD coating is projected to witness higher demand across the global markets in the following years.
However, factors like heavy services cost along with fluctuating prices of raw materials is estimated to slow down the growth of the global PVD coating service market over the coming years.
Reports and Insights Study identifies some of the key participating players in the PVD coating service market globally are Aurora Scientific Corp, ASSAB Group, ACS – Advanced Coating Service, IHI Ionbond AG, FGN Fujikura Kasei Global, BÖHLER, Richter Precision Inc., NISSIN ELECTRIC Co., Ltd., voestalpine eifeler Coatings North America, Vergason Technology, Inc., OC Oerlikon Management AG, among others.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
Global Coating Industry Outlook
Top Companies Historical Growth Rate
Impact of Regulations
Growth in investment in automotive and healthcare sector
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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