Recycled Metal Market
REPORT DESCRIPTION
Physical Vapor Deposition Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024
In the global physical vapor deposition ( PVD ) market manufacturers of PVD equipment such as Oerlikon Balzers ( Oerlikon Group ), and IHI Ionbond AG account for a dominant share of the pie , clearly owing to the disproportionally high costs of PVD equipment , observes a recent report by Transparency Market Research . The patent protected nature of the PVD technology has kept a check on the number of new entrants in the market in the past years . Most owners of crucial PVD technology are concentrated in Europe , North America , and Asia Pacific . As a result , strategic acquisitions and collaborations with PVD companies in these regions are expected to help new vendors to establish a foothold in the global PVD market .
Browse Market Research Report @ http :// www . transparencymarketresearch . com / physical-vapor-deposition-market . html
Transparency Market Research states that the global PVD market will expand from a valuation of US $ 13,600.0 mn in 2015 to US $ 21,898.8 mn by 2024 . The market is expected to exhibit a healthy 5.5 % CAGR over the period between 2016 and 2024 . Of the three core segments of the market , the segment of PVD equipment , which presently led the market with a nearly 57 % share in 2015 , is expected to continue its healthy run over the forecast period as well . In terms of geography , Asia Pacific dominates , accounting for an over 40 % of the global market in 2015 . The region is also expected to remain the dominant regional market for PVD equipment , services , and materials in the near future .
Rising Awareness regarding Benefits of PVD over Alternatives to Drive Market
The global PVD market is chiefly driven by the rising awareness regarding the advantages of physical vapor deposition coating over conventional coating technologies . The usage of several high-strength solid materials such as titanium , chromium , and aluminum in the PVD coating technique facilitate high strength , durability and corrosion resistance to the
Transparency Market Research
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