The China Physical Vapor Deposition Market size is
anticipated to be valued at USD 5.74 billion by 2025, according to a new report
by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% during
the forecast period. Growing demand for reliable and durable coatings on
medical equipment, solar products, and data storage products is expected to
drive the growth.
The China
physical vapor deposition (PVD) market is expected to witness significant
growth on account of rising product demand from various applications including
microelectronics, data storage, solar products, and medical equipment. The
market is competitive with major companies involved in continuous product
innovation and R&D activities owing to the stringent environmental
regulations and with a goal of expanding their customer base. It is
characterized by new product launches and expansions, as market participants
are trying to expand their customer base over the forecast period.
Microelectronics
is the largest application segment of China PVD market. PVD is among the most
commonly utilized technologies in microelectronics. Its application in
biomolecules deposition allows it to be used across several applications.
Cutting tools application is also anticipated to witness significant growth in
near future. PVD imparts excellent oxidation resistance, high wear resistance,
high feed rate, and increased cutting speed. Thus, it is anticipated to witness
augmented demand over the forecast period.
Physical
vapor deposition coatings are applied to tools and equipment to enhance their
effectiveness, efficiency, and lifespan of the medical devices. China is the
second largest manufacturer of medical equipment. The medical equipment market
was approximately USD 250 billion in 2011 and is expected to reach
approximately USD 490 billion by 2020. The growth is unlikely to witness a
decline owing to increasing health issues and rising geriatric population
worldwide. Thus, PVD market is projected to register a huge demand from the
medical sector.
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China
Physical Vapor Deposition Market Report Highlights
- Based on category, PVD equipment segment
held the largest market share of 59.46% in terms of revenue in 2018 and is
expected to grow significantly over the forecast period. Sustainable
growth of semiconductor industry is expected to drive the growth
- Medical equipment is expected to be the
fastest growing application segment in China physical vapor deposition
market, registering a CAGR of 8.2% from 2019 to 2025. China's rapidly
aging population, increasing urbanization, and prevalence of
lifestyle-related illnesses is expected to drive the expansion
- Based on category, PVD services is
anticipated to register the highest CAGR of 8.4% over the forecast
period.Rising demand for coatings for the microelectronic, medical
equipment, and solar products industry coupled with increasing number of
end-use industry players is expected to drive the China PVD services
market during the forecast period
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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