PVD Global Markets on Steady Growth

January 05, 2017

Wellesley, Mass., Jan 05, 2017 – The increasing demand for solar energy has fueled growth in the global markets for physical vapor deposition (PVD). BCC Research reveals in its new report that new and existing products like photovoltaics (PVs) require materials that can be delivered by vacuum deposition of films on a growing variety of substrates. The key role PVD plays in the PV industry and many others is boosting the market.

In the PVD process, the material is vaporized from a source and then transported in vapor form through a vacuum or low-pressure gaseous or plasma environment to a substrate where it condenses. PVD is essentially an evaporation or sputtering process with assistance, in some instances, from ion particles, arcs or lasers.

The global market for PVD equipment, materials and services should reach $22.4 billion and $29.2 billion in 2016 and 2021, respectively, reflecting a five-year compound annual growth rate (CAGR) of 5.5%. The materials sector, the largest market share, is expected to grow from $12.5 billion in 2016 to $16.6 billion in 2021, demonstrating a five-year CAGR of 6.0%.

Materials held the largest market share in 2015 (more than 55%), followed by equipment (about 37%). Material shipments are growing faster than equipment (i.e., at a CAGR of 6% vs. 4.8%), which should increase its market share to almost 57% by 2021, while equipment’s share should fall to 35%. The share of PVD services should remain unchanged, at between 7.7% and 7.8%.

Packaging represents the largest market for PVD equipment, materials, and services, with a market share of approximately 46% in 2015, increasing to nearly 49% by 2021. Microelectronics and storage applications are the other large users of PVD technologies, with 19% and 16% of the market, respectively, in 2015. Microelectronics’ share is expected to drop to 18.1% by 2021, while the share of storage should drop to a little above 13%.

PVD manufacturing is still expanding in Asia, particularly in China and India. The boost in integrated circuit manufacturing means more local activity in deposition and services. Integrated circuits are just part of the picture as more local Chinese manufacturing activities demand more surface treatments like deposition.

"China currently leads the globe in the manufacture of solar cells, which will continue to be an important factor in the purchase of PVD equipment," says BCC Research analyst Andrew McWilliams. "As China grows, the support services such as PVD and chemical vapor deposition become more necessary on a local level."

Physical Vapor Deposition (PVD): Global Markets (MFG015G) analyzes PVD equipment, material deposited by the process, and deposition services. The report also examines PVD technologies and materials in terms of application, properties and processes. Global market drivers and trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021 also are provided.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Physical Vapor Deposition (PVD): Global Markets( MFG015G )
Publish Date: Dec 2016    

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