Recycled Metal Market
applied surface. Also, the application processes in PVD coatings do not result in any residue. This is unlike the alternate coating methodologies used in the market, such as electroplating and chemical vapor deposition( CVD).
These alternatives include a limited number of metals for deposition, whereas PVD offers a wide range of metals and substrates for coating. Also, PVD coatings allow uniform and controllable deposits compared to the uncontrollable deposits formed by electroplating. Environment-friendly characteristics of PVD, such as the low or no generation of toxic wastes, thereby mitigating the need for waste management and minimization systems and making it a preferred choice over its substitutes. The vast usage of physical vapor deposition technology in the production of low emissivity or low-e glass, which finds extensive demand across several applications in construction and automotive industries, is also expected to emerge as a key growth driver of the global PVD market in the next few years.
Patent-protected Technologies Limit Growth Opportunities for New Players
Most key aspects of the PVD industry, such as coating materials, PVD chambers, PVD targets, and PVD process kits are protected through patents owned by key market players. These patents have restricted the entry of new players as well as further expansion of smaller players in the global PVD market in the past few years. PVD technology also requires high investment at the initial stages and the PVD technology used by various end users is customized for specific applications. Most notable vendors in the market do not serve every application as the need for new products and technologies to serve an increased set of application areas becomes a capital-intensive task due to patent protected technologies.
Furthermore, differentiating manufacturing processes and developing new products requires high investment in the field of research and development. The scenario makes sustenance a big challenge for smaller vendors and is expected to hamper to growth of global physical vapor deposition market in the next few years.
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This review of the market is based on a recent market research report published by Transparency Market Research, titled“ Physical Vapor Deposition Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016- 2024.”
Transparency Market Research
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