Pune, India, Aug. 03, 2021 (GLOBE NEWSWIRE) — The global physical vapor deposition market size is expected to experience considerable growth by reaching USD 40.97 billion by 2028 while exhibiting a CAGR of 8.2% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Physical Vapor Deposition Market, 2021-2028.” The report further mentions that the market stood at USD 22.43 billion in 2020. Factors such as the increasing demand for eco-friendly coating processes and the growing demand for medical equipment amid the COVID-19 crisis are expected to propel the product's demand in the forthcoming years.
The effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.
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List of the Companies Profiled in the Physical Vapor Deposition Market:
- Advanced Energy Industries, Inc. (USA)
- Intevac (USA)
- Oerlikon Balzers (Switzerland)
- Impact Coatings AB (Sweden)
- AJA International, Inc. (USA)
- Dynavac (USA)
- Denton Vacuum (USA)
- Angstrom Engineering, Inc. (Canada)
- CHA Industries, Inc. (USA)
- IHI HAUZER Techno Coating B V (The Netherlands)
- The Kurt J Lesker Company (USA)
- Other Key Players
On the basis of category, the market is divided into PVD equipment, PVD material, and PVD services.
Based on category, the PVD equipment segment held a global physical vapor deposition market share of about 59.5% in 2020 and is expected to showcase exponential growth during the forecast period. This is due to the increasing PVD adoption in several industrial applications such as medical, solar products, and data storage worldwide.
On the basis of application, the market is segmented into data storage, microelectronics, solar products, cutting tools, medical equipment, and others. Finally, based on region, the market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
What does the Report Provide?
The market report provides an in-depth analysis of …
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