Vacuum Coating Equipment Market Value to Cross USD 38 Billion-Mark by 2026: Global Market Insights, Inc.
The Latin America vacuum coating equipment market is predicted to witness around 5% gains during the forecast period and will likely outpace the industry growth of Europe and Middle East.
SELBYVILLE, Del., March 24, 2020 (Newswire.com) - According to the latest report “Vacuum Coating Equipment Market by Technology (Physical Vapour Deposition [Evaporation, Magnetron Sputtering], Chemical Vapour Deposition), Application (PVD [Microelectronics, Data Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks]), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of vacuum coating equipment will cross $38 billion by 2026.
Vacuum coating is an alternative technology to electroplating and especially for chrome plating, owing to the carcinogenic nature of chrome as a compound and its ban across different regions of the world. The technology provides additional benefits over traditional coating methods such as brighter colors, better shelf life, and scratch protection to the product. Moreover, the vacuum coating technologies are environment friendly in nature.
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Chemical vapour deposition technology dominates the vacuum coating equipment market share of more than 50% in 2019 and is estimated to grow at a significant rate through 2026 owing to its increasing demand from Integrated Circuits (ICs) & photovoltaic devices. However, high initial set up and operational cost of chemical vapour deposition technology in comparison to others may restrain market growth in the near term. Nevertheless, their ability to handle different specifications for the shape and size of products will increase their demand.
Latin America is one of the largest producers of metal commodities in the world as it possesses large quantities of copper and iron ore reserves and produces substantially in proportion to global production. Thus, there is a broader scope for the rise in product demand for various applications that mainly includes metallizing for microelectronic circuits and chip carriers and metal-organic frameworks across the region. The vacuum coating equipment market in the LATAM region is likely to outpace the growth of Europe and the Middle East till 2026 and is predicted to witness around 5% CAGR between 2020 and 2026.
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Vacuum coating equipment finds wide application in Integrated Circuits (ICs) & photovoltaic devices that account for over more than 35% of revenue in chemical vapour deposition applications. In addition to this, it also finds wide usage in polymerization, metal-organic frameworks applications such as gas storage, adsorption, storage & purification, catalysis, gas sensing and low thermally conductive dielectrics, liquid separation & purification, drug delivery, and other chemical vapour deposition applications such as automotive components, fibers, powders, etc.
Some major findings of the vacuum coating equipment market report include:
- Rising growth in the electronics industry to drive market demand.
- Asia Pacific is anticipated to dominate the market share during the forecast period.
- Chemical vapour deposition is the largest and fastest-growing technology in the market.
- Key vacuum coating equipment industry participants include Buhler AG, BCI Blösch group, PVD Products Inc, Applied Materials Inc, Kolzer SRL, and Singulus Technologies AG.
- Product manufacturers are focusing on technology advancement, geographic expansion, strategic acquisitions and cost optimization strategies in the long run.
Table of Contents (ToC) of the report:
Chapter 3. Vacuum Coating Equipment Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 - 2026
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology landscape
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
3.6. Industry megatrends
3.7. Regulatory landscape
3.8. Growth potential analysis
3.9. Cost structure analysis
3.10. Competitive landscape, 2019
3.10.1. Company market share analysis, 2019
3.10.2. Strategic dashboard
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Industry rivalry
3.11.5. Threat of substitutes
3.12. PESTEL analysis
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
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Source: Global Market Insights, Inc.
Categories: Research and Development