logo

Physical Vapor Deposition (PVD) Coatings Market Size (2024 - 2029)

The Physical Vapor Deposition Coatings Market is anticipated to experience significant growth over the forecast period, driven primarily by increasing demand from the electronics sector. Despite the negative impact of the COVID-19 pandemic and a slowdown in machine tool production, the market is expected to expand steadily. Ongoing research and development in PVD coatings present potential opportunities for further market expansion. The Asia-Pacific region has been a dominant force in the market and is projected to maintain its leading position throughout the forecast period.

Home Market Analysis Chemicals & Materials Research Paints and Coatings Research Specialty Coatings Research Physical Vapor Deposition (PVD) Coatings Research Physical Vapor Deposition Coatings Industry Market Size

Market Size of Physical Vapor Deposition (PVD) Coatings Industry

Physical Vapor Deposition Coatings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 10.46 Billion
Market Size (2029) USD 14.29 Billion
CAGR (2024 - 2029) 6.43 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Physical Vapor Deposition Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Physical Vapor Deposition (PVD) Coatings Market Analysis

The Physical Vapor Deposition Coatings Market size is estimated at USD 10.46 billion in 2024, and is expected to reach USD 14.29 billion by 2029, growing at a CAGR of 6.43% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the market due to the restrictions and lockdowns imposed by governments from various countries. The recovery of manufacturing industries across the world played a crucial role in increasing the demand for the market studied in the post-pandemic period.

  • One of the main factors driving the market is the growing demand from the electronics and medical industries.
  • On the flip side, the availability of various alternatives is expected to hinder the demand for the market studied.
  • Ongoing research and development in the field of PVD coatings are likely to act as an opportunity for the market studied in the coming years.
  • Asia-Pacific has dominated the market and is expected to continue dominating it through the forecast period.

Physical Vapor Deposition (PVD) Coatings Industry Segmentation

Physical vapor deposition (PVD) coating is a dry coating process. Mostly, the coating is transferred to the substrate with the help of a medium, such as a solvent. In the case of PVD coatings, the vapor is generated, transferred in the gas phase, and then deposited as a coating directly to the substrate without using any medium.

The physical vapor deposition (PVD) coating market is segmented by substrate, material type, end user, and geography. By substrate, the market is segmented into metals, plastics, and glass. By material type, the market is segmented into metals (including alloys), ceramics, and other material types. By end user, the market is segmented into tools and components (aerospace and defense, automotive, electronics and semiconductors (including optics), power generation, and other components. The report also covers the market sizes and forecasts for the PVD coatings market in 27 major countries across various regions. For each segment, the market sizes and forecasts are provided in terms of revenue (USD).

Substrate
Metals
Plastics
Glass
Material Type
Metals (Includes Alloys)
Ceramics
Other Material Types
End User
Tools
Components
Aerospace and Defense
Automotive
Electronics and Semiconductors (Including Optics)
Power Generation
Other Components (Solar Products, Medical Equipment, and Others)
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Turkey
Russia
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
Nigeria
Qatar
Egypt
United Arab Emirates
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Physical Vapor Deposition (PVD) Coatings Market Size Summary

The Physical Vapor Deposition (PVD) Coatings Market is poised for significant growth over the forecast period, driven by increasing demand from the electronics and automotive sectors globally. Despite the initial setbacks caused by the COVID-19 pandemic, the market is expected to recover and expand steadily. The Asia-Pacific region, particularly countries like China, India, and Japan, continues to dominate the market due to its robust industrial activities and growing consumption of PVD coatings. The region's strong presence in the aerospace and electronics industries further fuels the demand for these coatings, which are valued for their durability and minimal friction properties. However, challenges such as the slowdown in machine tool production may pose hurdles to market growth.

The market landscape is characterized by a fragmented structure with numerous international and local manufacturers and service providers. Key players such as Voestalpine Eifeler Group, OC Oerlikon Management AG, and IHI Corporation are actively contributing to the market's development. Ongoing research and development efforts in PVD coatings present opportunities for innovation and expansion. The market's growth is also supported by advancements in coating technologies, such as the Low-Temperature Arc Vapor Deposition process, which enhances the application of PVD coatings on various metal substrates. As the demand for PVD coatings continues to rise, particularly in Asia-Pacific, the market is expected to experience substantial growth in the coming years.

Explore More

Physical Vapor Deposition (PVD) Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Demand from the Electronics Sector

      2. 1.1.2 Increasing Usage in Medical Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Alternatives to PVD Coatings

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

      1. 1.5.1 Thermal Evaporation

      2. 1.5.2 Sputter Deposition

      3. 1.5.3 Arc Vapor Deposition

      4. 1.5.4 Ion Implantation

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Substrate

      1. 2.1.1 Metals

      2. 2.1.2 Plastics

      3. 2.1.3 Glass

    2. 2.2 Material Type

      1. 2.2.1 Metals (Includes Alloys)

      2. 2.2.2 Ceramics

      3. 2.2.3 Other Material Types

    3. 2.3 End User

      1. 2.3.1 Tools

      2. 2.3.2 Components

        1. 2.3.2.1 Aerospace and Defense

        2. 2.3.2.2 Automotive

        3. 2.3.2.3 Electronics and Semiconductors (Including Optics)

        4. 2.3.2.4 Power Generation

        5. 2.3.2.5 Other Components (Solar Products, Medical Equipment, and Others)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Malaysia

        6. 2.4.1.6 Thailand

        7. 2.4.1.7 Indonesia

        8. 2.4.1.8 Vietnam

        9. 2.4.1.9 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Spain

        6. 2.4.3.6 Turkey

        7. 2.4.3.7 Russia

        8. 2.4.3.8 NORDIC Countries

        9. 2.4.3.9 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Colombia

        4. 2.4.4.4 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 Nigeria

        3. 2.4.5.3 Qatar

        4. 2.4.5.4 Egypt

        5. 2.4.5.5 United Arab Emirates

        6. 2.4.5.6 South Africa

        7. 2.4.5.7 Rest of Middle East and Africa

Physical Vapor Deposition (PVD) Coatings Market Size FAQs

The Physical Vapor Deposition Coatings Market size is expected to reach USD 10.46 billion in 2024 and grow at a CAGR of 6.43% to reach USD 14.29 billion by 2029.

In 2024, the Physical Vapor Deposition Coatings Market size is expected to reach USD 10.46 billion.

PVD Coating Market Report Snapshots

Physical Vapor Deposition Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)