ALBANY, N.Y, Oct. 5, 2020
- The burgeoning demand for physical vapor deposition process across the electronics industry is assuring great growth for the global physical vapor deposition market during the forecast period of 2019-2027
- The global physical vapor deposition market is expected to attain a valuation of US$ 40.1 bn by the end of 2027 from US$ 19.2 bn in 2018
ALBANY, N.Y, Oct. 5, 2020 /PRNewswire/ -- The use of the physical vapor deposition (PVD) process to add a thin protective layer across diverse products such as cutting tools, storage devices, solar products, microelectronics, medical equipment, etc may bring tremendous growth prospects for the global physical vapor deposition market through the forecast period of 2019-2027.
After a scrutinized analysis of the various factors associated with the global physical vapor deposition market, the researchers have predicted it to expand at a healthy CAGR of 8.5 percent during the assessment period of 2019-2027. The global physical vapor deposition market was valued at US$ 19.2 bn in 2018 and is prognosticated to reach 40.1 bn by the end of the forecast period, which is 2027.
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The rising need for the development of novel coating materials for low friction is assisting the physical vapor deposition market to acquire a front seat in terms of growth. Furthermore, the physical vapor deposition coating process gives an appealing and bright look, thus inviting phenomenal growth.
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Physical Vapor Deposition Market: Key Revelations
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Physical Vapor Deposition Market: Growth Propellers
The utilization of microelectronics is increasing at a rapid rate. Hence, this aspect may serve as a prominent growth factor for the growth of the physical vapor deposition market.
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Physical Vapor Deposition Market: Merits
The advantages of physical vapor deposition over its alternatives may bring immense growth prospects for the physical vapor deposition market. Some of the advantages etched with the physical vapor deposition process are:
Physical Vapor Deposition Market: Prominent Participants
Some well-entrenched participants in the physical vapor deposition market are Singulus Technologies AG, Mustang Vacuum Systems, Applied Materials, Inc., HEF USA, Oerlikon Balzers, and Buhler AG.
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Global Physical Vapor Deposition Market: Segmentation
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