Press release
Asia Pacific Vacuum Coating Equipment Market Outlook, Industry Analysis by 2024 | Key Players - Buhler AG, Miba Coating Group, IHI Corporation, Kolzer SRL, ULVAC Inc., Semicore Equipment, Inc.
Asia Pacific Vacuum Coating Equipment Market
Asia Pacific vacuum coating equipment market is predicted to attain prominent gains over the projected period. The surge can be attributed to rapidly growing construction in the region which is mainly attributed to rising urbanization and industrialization in India, Indonesia and Malaysia.
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For instance, Asia Pacific construction industry is likely to grow at a CAGR of close to 7% during the forecast time spell. Furthermore, strong growth in the automotive sector is another major sector making considerable contribution to the vacuum coatings equipment market size in the coming years.
This is mainly due to increasing socio-economic factors, improved living standards and easy loan approvals which will have subsequent impact on the vacuum coating equipment market size by 2024.
Operational snags and drawbacks are the probable restraining factor in the growth of vacuum coating equipment market size by 2024. For example, chemical vapor deposition (CVD) require chemicals and extensive pre-cleaning of the surfaces.
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Furthermore, cost inefficiency of PVD vacuum coating equipment compared to the electroplating apparatus is probable to hinder the Asia Pacific vacuum coating equipment market size by 2024.
Asia Pacific Vacuum Coating Equipment Market By Product
• Physical Vapor Deposition (PVD)
• Magnetron Sputtering
• Chemical Vapor Deposition (CVD)
• Others
Based on application, Asia Pacific vacuum coating equipment market size can be segmented into physical vapor deposition (PVD), magnetron sputtering, chemical vapor deposition (CVD), etc. PVD application segment is anticipated to grow at a CAGR close to 9% in the coming years. PVD coating is an environment friendly process as it’s operating process is chemical free.
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It provides coating to engine components which reduces friction & wear between the parts, and therefore resulting in better efficiency and performance of the engine. These trends will help attain promising gains to the Asia Pacific vacuum coating equipment market size by 2024.
Key players of vacuum coating equipment are Buhler AG, Miba Coating Group, IHI Corporation, Kolzer SRL, Scientific Vacuum Systems Ltd. (SVS), ULVAC Inc., CVD Equipment Corporation and Semicore Equipment, Inc. Most of the players are engaged in forming strategic alliance to improve their market presence. For instance, IHI Corporation acquired Kvaerner Americas’ operations and related assets, which was known as the EPC Center Houston in July 2012.
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