Global Physical Vapor Deposition Market projected to reach USD 60.06 billion by 2033, driven by industry demand.

From GlobeNewswire.: 2024-07-15 03:00:00

The Global Physical Vapor Deposition Market is projected to grow from USD 26.80 billion in 2023 to USD 60.06 billion by 2033, with a CAGR of 8.40%. PVD is a thin-film coating method that deposits pure metals and ceramics. Industries like electronics and automotive are major users of PVD coatings, driving market growth.

The sputter deposition segment is expected to dominate the physical vapor deposition market due to its adaptability across various applications like microelectronics and optics. PVD coatings enhance the performance and durability of electronic components and automotive parts. North America leads in PVD technology adoption, especially in automotive, electronics, and medical industries.

Asia Pacific is forecasted to have the highest growth rate in the physical vapor deposition market, driven by increased production capacity and demand in countries like China, Japan, South Korea, and Taiwan. PVD coatings are crucial in electronics, automotive, and manufacturing industries. Competitive analysis shows key players like Oerlikon Balzers and ASM International N.V. leading the industry.

Recent developments include Oerlikon Balzers signing a ten-year contract with ITP Aero for high-temperature coatings on Pratt & Whitney Canada PW800 turbofan engine components. The Global Physical Vapor Deposition Market is segmented by type, application, and region. Key vendors include Advanced Energy Industries, The Kurt J Lesker Company, and AJA International, Inc. For more insights, visit sphericalinsights.com.



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