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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