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Physical Vapor Deposition Market Growth, Trends, Segmentation Report Forecast To 2032
Physical Vapor Deposition Global Market
The Business Research Company's Physical Vapor Deposition Global Market Report 2023 identifies rise in demand for medical devices and equipment as the major driver for the physical vapor deposition market's growth in the forecast period. Physical vapor deposition (PVD) is increasingly being used by medical device manufacturers to create extremely strong, thin coatings on stainless steel, titanium, ceramics, and other advanced products. PVD coating methods are used to increase corrosion resistance in medical device coatings and implants.
The global physical vapor deposition market size grew from $19.56 billion in 2022 to $21.77 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The physical vapor deposition market size is expected to grow to $29.78 billion in 2027 at a CAGR of 8.1%.
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Major competitors in the physical vapor deposition market are Applied Materials, Advanced Energy Industries, Platit, Semicore Equipment, Angstrom Engineering, Singulus Technologies, Veeco Instruments.
A key trend in the physical vapor deposition market includes growth in technological advancements. Major companies are developing advanced coating solutions that improve productivity and are also environmentally friendly. For instance, in 2020, Germany-based Inorcoat introduced its new PVD plating technology for intaglio printing plates, which includes a thin-film development for printing plates. The new solution will also help the security printing industry make industrial production more environmentally friendly. Also, in 2020, a US-based company, Advanced Energy, introduced its new Ascent MS multi-output power supply system for the lowest system and infrastructure costs in solar photovoltaic (PV) plasma-enhanced chemical vapor deposition (PECVD) systems for the manufacturing of solar cells.
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The physical vapor deposition market is segmented -
1) By Type: PVD Equipment, PVD Materials, and PVD Services
2) By Process: Thermal Evaporation, Sputter Deposition
3) By Application: Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the physical vapor deposition market.
The Business Research Company's "Global Physical Vapor Deposition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Physical Vapor Deposition Market Include:
1. Executive Summary
2. Physical Vapor Deposition Market Characteristics
3. Physical Vapor Deposition Market Trends And Strategies
4. Physical Vapor Deposition Market - Macro Economic Scenario
5. Physical Vapor Deposition Market Size And Growth
…..
26. Africa Physical Vapor Deposition Market
27. Physical Vapor Deposition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Physical Vapor Deposition Market
29. Physical Vapor Deposition Market Future Outlook and Potential Analysis
30. Appendix
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