Global Vapor Deposition Market – Industry Trends and Forecast to 2029

Vapor Deposition Market Analysis and Size

The global vapor deposition market has developed considerably during the last few years due to new innovation and technological advancement for producing new products. The market is anticipated to continue mounting at a healthy rate in upcoming years. The “physical vapor deposition “is the highest growing material process segment of the marketbecause it enhance the durability and appearance of product. Furthermore, the advancements in the healthcare sector and the rising demand for lightweight and durable components are expected to propelling the healthcare sector to adopt vapor depositions. 

Data Bridge Market Research analyses that the vapor deposition market is expected to undergo a CAGR of 6.95% during the forecast period. This indicates that the market value, which was USD 27.81 billion in 2021, would rocket up to USD 47.60 billion  by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Vapor Deposition Market Scope and Segmentation

Market Definition

Vapor deposition involves molecule-by-molecule or atom-by-atom deposition of single layer or multi-layers of some selected materials on a solid surface of a targeted substrate. In this process, the selected material goes from the condensed phase to the vapour phase and then back to thin film coated phase. This technology is widely used in several applications such as LED, optics, displays, photovoltaic cells, semiconductors and decorative coatings.

Global Vapor Deposition Market Dynamics

Drivers

• Several industrial applications

The market scope of vapor depositions is continuously increasing with the evolving end-users industries such as healthcare, automotive, electronics and other. Moreover, vapor depositions have several industrial applications such as industrial and energy, medical, microelectronics, cutting tools, decorative coatings and others which are expected to drive the growth of the vapor deposition market during the forecast period.

• High demand of physical vapor deposition

Physical vapor deposition has gained considerable traction in the global market during forecast period because it helps enhance the product’s durability and appearance and improve its base material with extra functions. Moreover, physical vapor deposition does not require any process medium to make it eco-friendly. This vapor deposition has extensive application in a broad range of industrial and consumer components.

Furthermore, increasing demand for photovoltaic cells, growing number of end-user industries in the emerging nations, growing consumption of several electronic devices, appliances and equipment, rising LED devices market, growing demand for the PV cells for the generation of energy from the renewable sources are some major factors which are expected to drive the growth rate of the market.

Opportunities

• Growing government investments

The rising government spending on healthcare sector is expected to increase the production of medical device, increasing the demand for vapor deposition. Vapor deposition coatings are progressively used as a decorative coating on the medical equipment due to their biocompatibility. The aforementioned factors are expected to create immense opportunity for vapor deposition market over the forecast period.

• Rapid growth of healthcare sector

The world's rapid growth of the healthcare sector overall is expected to boost the growth of the vapor depositions market globally. Moreover, the rising awareness about the benefits and efficiency of vapor depositions and growing research and development activities in the healthcare sector are some of the major factors anticipated to accelerate the market growth rate. 

Expeditious increase in the medical devices and equipment is encouraging the growth of vapor deposition which is a vital factor driving the growth of the vapour deposition market, also with the expanding growth in nano technology sector is a major factor driving the growth of vapour deposition market swiftly. Increasing number of end-use industries in the developing nations will create further opportunities for the vapour deposition market in the forecast period of 2020-2027.

Restraints/Challenges

• High cost associated with market

The process involves high expenditure, which is expected to hamper the growth of the vapor deposition market. There is a high cost of ownership with the availability of the other alternatives in the market. These are some of the major factors which are restraining the growth of the vapor deposition market during the above mentioned forecast period.

This vapor deposition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vapor deposition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Vapor Deposition Market

The outbreak of the COVID-19 pandemic has declined the growth of the vapor deposition market globally. During the pandemic, manufacturing companies are dealing with the disrupted demand and supply chains of product due to the shutdown of manufacturing facilities during this pandemic. In the post pandemic era, growth in the medical and healthcare segment is expected to reinforce global market for vapor deposition, as it helps improve instruments' efficiency. Thus, coronavirus is leaving a major impact on the growth of the engineered foam market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• March 2020 – Hevel Group, an exclusive producer of vertical integrated solar energy modules in Russia, has increased capacity of modules production plant to 260 MW to 340 MW and expanded its heterojunction solar cells. The main reason behind the growing production capacity was mostly on account of installation of additional equipment for plasma-enhanced chemical vapor deposition by the company.

 Global Vapor Deposition Market Scope

The vapor deposition market is segmented on the basis of process, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

• Chemical Vapor Deposition CVD
• Physical Vapor Deposition PVD

Application

• Microelectronics
• Cutting Tool
• Medical Devices
• Equipment and Decorative Coating

End-Use

• Electrical and Electronics
• Automotive
• Aerospace
• Metal Industry
• Others

Vapor Deposition Market Regional Analysis/Insights

The vapor deposition market is analysed and market size insights and trends are provided by country, process, application and end-use industry as referenced above.

The countries covered in the vapor deposition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the vapor deposition market in terms of market share and revenue due the rapid growth of the major end-use industries and presence of the strong manufacturing base of several end-use industries such as PV cell and microelectronics manufacturing which is widely used in the automotive and electrical and electronic industry.

North America will continue to project the highest growth rate during the forecast period of 2022-2029 due to growing demand for the LEDs and semiconductors in several consumer products and strict regulation over the use of Cr6 in the electroplating technology 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vapor Deposition Market Share Analysis

The vapor deposition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vapor deposition market.

Some of the major players operating in the vapor deposition market are:

• IHI HAUZER B.V. (Netherlands)
• IHI Ionbond AG (Switzerland)
• Applied Materials Inc. (U.S.)
• Adeka Corporation (Japan)
• Plasma Therm (U.S.)
• Aixtron SE (Germany)
• Tokyo Electron Limited (Japan)
• IHI Group (Japan)
• Lam Research Corporation (U.S.)
• Kurt J. Lesker Company (U.K.)
• Veeco Instruments (U.S.)
• Oerlikon Balzers Coating AG (Switzerland)
• ULVAC (U.S.)
• ASM International (Netherland)
• JUSUNG ENGINEERING (South Korea)
• Aurora Scientific Corp. (Canada)

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