Physical vapor deposition (PVD) coating, also known as thin-film coating, is a method in which a solid substance is vaporized in a vacuum and deposited onto the surface of an object. During coating, compound materials are deposited atom by atom, generating a thin, bonded metal or metal-ceramic surface layer. PVD coatings are used on electronic equipment and devices to improve hardness, boost wear resistance, and prevent oxidation. PVD coating is used to increase the durability, usefulness, and aesthetics of tools and components. The major drivers driving market expansion are expanding industrial production activity globally and the automotive industry. Due to all such factors, the global PVD coating systems market is expected to increase at a 7.5% CAGR during the forecast period of 2022–2028, according to OMR Research. Moreover, the market was valued at $668.6 million in 2021 and will grow to $1.1 billion in 2028.
Segments of the Market
The global PVD coatings market is segmented on the basis of substrates, materials, and applications. Based on substrates, the PVD coating system market is sub-segmented into plastic, glass, nylon, metal, and ceramics. Based on material, the PVD coating systems market is sub-segmented into zirconium, aluminum, titanium, stainless steel, and copper. Based on application, the PVD coating systems market is sub-segmented into electronics and panel display, tools and hardware, optics and glass, automotive, and others.
Recent Developments
Prominent players in the global PVD coating systems market include Nissin Electric Co., Ltd., KOBELCO Advanced Coating, Angstrom Engineering Inc., Impact Coatings AB, and Advanced Coating Service (ACS), among others. To sustain themselves in a competitive market, these market participants are employing a variety of techniques. In order to acquire a global leadership position in the PVD coating industry, these businesses are pursuing aggressive methods such as alliances and new releases. Among the most recent market developments are:
• In August 2022, John Crane, a developer of equipment solutions, provided innovations and introduced John Crane Diamond 8190, a novel material application on a tungsten carbide substrate for select Type 8AB seals with clamped-in mating rings. The John Crane Diamond 8190 addresses sealing challenges in high-speed and high-heat generation applications that commonly require a clamped-in tungsten carbide mating ring, and it assists customers in overcoming short seal lives and failure mechanisms such as heat checking, heavy wear, ID chipping, and blistering of carbon primary rings.
• In May 2022, Heraeus Electronics introduced its new Condura ultra Ag-free AMB substrate. It is a low-cost, high-reliability substrate for bonding silicon-nitride-based ceramics with copper foils. Condura ultra was created by employing a unique approach that enabled high-performance Si3N4 substrates by utilizing innovative Ag-free AMB bonding technology.
• In April 2022, Impact Coatings, a leader in clean PVD coating systems, announced the establishment of a Chinese subsidiary with offices in Shanghai. The primary goal is to disseminate the company's knowledge of hydrogen solutions and enhance the availability of PVD coatings in the hydrogen value chain.
• In November 2021, SKC Company announced plans to build a glass substrate facility in Georgia for chip packing. The business will construct a 12,000-square-meter production facility, with ambitions to extend it to a 72,000-square-meter facility by 2025. The initiative will cost the corporation more than $473 million. The glass substrate is critical to achieving great performance with low power consumption for high-performance computing and high-speed communication applications, and it is scalable for many other technological requirements. SKC's AI and high-speed data center semiconductor applications will be based in Georgia. The use of glass substrates reduces package thickness and power consumption by half.
Conclusion
The worldwide PVD coating market is expanding rapidly owing to a variety of causes. The presence of manufacturing businesses in aircraft, electronics, tools, and hardware, among others, is a major element driving industry expansion. Another factor driving sector expansion is the increasing use of PVD coatings in consumer electronics, home appliances, and other applications. Furthermore, there has been an exponential increase in consumer demand for and expenditure on electronics items worldwide, which has boosted market growth. According to India's Ministry of Electronics and Information Technology, the electronics sector is fueled by the production of mobile phones, televisions, LED lights, laptops, and tablets, which generates demand for PVD services. Furthermore, PVD coating has become increasingly popular in the mobile sector in recent years. In January 2019, for instance, IKS PVD collaborated with the Foxconn company and delivered more than four sets of PVD vacuum coating equipment for the iPhone mobile phone series. Such advancements and demand in the PVD coating sector fuel the market's expansion even further.