PVD Coating Service Market Share, Size and Forecast Report, 2022 to 2030

PVD Coating Service Market Overview

The report is titled as ‘PVD Coating Service Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the PVD Coating Service market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.

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 Coating Service Introduction

PVD (physical vapor deposition) coating, also known as thin-film coating, can be understood as the process in which a solid substance is evaporated in a vacuum and stockpiled onto the exterior of a part. These coatings are not merely metal coatings though. On the contrary, compound materials are sedimented atom by atom, making a bonded, thin, metal or metal-ceramic surface coating that significantly enhances the durability, appearance, or/and function of a part or product. These coating methods are employed in order to enforce a remarkably thin film to objects that need decorative colors, preventive barriers, or various other functional benefits.

Notably, there are several benefits of PVD coatings. PVD can offer a lifelong protection from regular cleaning, which further adds value and durability to the product. It is significant to observe that the conventional electroplating of nickel, brass, and gold finishes needs a plain layer that depreciates or degrades with time and can simply corrode or tarnish.

PVD needs no plain top layers that dull or fade. Owing to which, 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. Thus, the global PVD coating service market is projected to rise significantly over the years.

PVD Coating Service Market Segmentation

The PVD coating service market is segmented on the basis of type, substrate material, layers, application, and region.

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

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

PVD Coating Service Market Key Players

Some of the key participating players in PVD coating service market 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

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

Pricing Impact

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.