Market Research

Plasma Assisted Chemical Vapor Deposition Based Coatings Market to grow at a CAGR of 6% during 2020-2025

Jul 17, 2020 8:00 PM ET

iCrowd Newswire – Jul 17, 2020

Plasma Assisted Chemical Vapor Deposition (PACVD) Based Coatings Market size is forecast to reach around $3 billion by 2025, after growing at a CAGR of 6% during 2020-2025. PACVD is a chemical deposition process used to deposit thin layer of material on the substrate in various end use industries to modify the physical and chemical properties of substrate. Increase in demand for high quality product with good durability and strength is driving the growth of PACVD Based Coatings Market globally. Moreover, environment concern and government regulations towards sustainability has also boosted the PACVD based coatings market.

Type – Segment Analysis
Microwave PACVD is the fastest growing segment with CAGR of 7% during the forecast period. In microwave PACVD, the gas containing the coating elements is introduced in a vacuum chamber and activated with microwave frequencies, thus creating free carbon and hydrogen atoms that forms dense coating on substrate. They are more extensively used for making diamond films. Microwave deposition do not contaminate the films by electrode erosion as it is an electro-less process. Furthermore, microwave discharges at higher frequency than RF and produces higher plasma density resulting in higher concentration of atoms.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=503002

Report Price: $ 4500 (Single User License)

End Use – Segment Analysis
On the basis of end use, microelectronics segment holds the largest share of more than 30% in the PACVD based coatings market. PACVD technology is used for coating electrical components such as semiconductors, capacitors, resistors and integrated circuits for better efficiency and electrical conduction. In PACVD based coatings market, cutting tools segments has also shown significant growth. Depositions on cutting tools are carried out by PACVD in order to lower friction between work pieces and cutting tool, reduce tool wear and withstand high temperature during machining. Coating of tool prevents oxidation at extreme temperature making it ideal for high speed machining operations.

Coronavirus has affected the growth of PACVD based coatings market. Manufacturing units are shuttered all around the world, supply chains have been disrupted and people stuck in their houses due to lockdown. Coronavirus has resulted in decrease in purchasing capital which in turn impacted the sales of electronic equipments and automotive. Decrease in automotive sale has lowered the use of PACVD based coatings. According to the Society of India Automobile Manufacturers (SIAM), passenger vehicle sales declined by 51% to 143,014 units in March 2020 whereas the sales of commercial vehicles crashed 88% to 13,027 units. Also, International Air Transport Association (IATA) has estimated that global airline passenger revenue will drop by US$314 billion in 2020, a 55% decline compared to 2019, subsequently affecting the PACVD based coatings market.

Geography – Segment Analysis
APAC dominated the PACVD based coatings market with a share of more than 35%, followed by North America and Europe. Rapid urbanization and industrialization have driven the growth of PACVD based coatings market in these regions. Increase in disposal income coupled with high standard of living has accelerated the demand of electrical gadgets substantially, increasing the growth of PACVD based coatings market. Among all, China followed by Japan, Taiwan and South Korea has shown significant growth due to well established electronics and automobile manufacturing bases. Additionally, the use of solar energy to meet the power requirements of aggressively growing population is propelling the PACVD based coatings market in developing nations.

Drivers – PACVD Based Coatings Market

Growing demand from end use industries
Increase in demands from various end use industries for their high impact strength, non-abrasive and corrosion resistant has boosted the growth of PACVD based coatings market. With the rise in population and concerns towards safety, PACVD based coatings finds wide range of application in automotive and electronics sectors subsequently, fueling their market growth. PACVD based coatings are done in engines, machines and other mechanical assemblies with sliding and rolling movements.

Rising popularity of power generation by solar energy
With the increase in environmental concern and lack of non-renewables resources, power generation by solar energy is increasing. According to International Energy Agency (IEA) power generation from solar photovoltaic has increased by more than 30% in 2018, to over 580 TWh making it fourth-largest renewable electricity generation technology after hydropower, onshore wind and bioenergy. Solar cells are coated with anti-reflecting layer of silicon nitride in order to absorb lighter and minimize the reflection. Deposition of anti-reflecting layer on solar cells are carried out by plasma assisted chemical vapor deposition (PACVD). Thus, increase in use of solar energy has also augmented the growth of PACVD based coatings market.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=503002

Challenges – PACVD Based Coatings Market

High manufacturing cost
Although plasma assisted chemical vapor depositions provide various advantages to the product by increasing its strength and life, but coating the substrate is highly expensive and requires more energy. Thus, PACVD based coatings are only limited to high quality products which acts as a restraint for the growth of PACVD based coatings market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the PACVD based coating market. Major players in the PACVD based coatings market are Adeka Corporation, Oerlikon Balzers, Applied Materials Inc. IHI Ionbond AG, Veeco Instruments Inc., Tokyo Electron Limited, Plasma Therm LLC, Kurt J Lesker Company, Jusung Engineering Co. Ltd. and AIXTRON, among others.

Acquisitions/Technology Launches
In October 2015, Applied Materials has launched two new plasma enhanced chemical vapor deposition system AKT-20K and AKT-40K for depositing thin-film encapsulation barrier layers that protects the extremely sensitive OLED devices.

Key Takeaways
China has shown significant growth in the PACVD Based Coatings Market owing to increasing demand from applications such as automotive and electronics industries.

Accelerating use of PACVD coatings for increasing the life of substrate and make it corrosion, solvents and abrasion resistant is driving the growth of market.

Rising popularity for the use of solar energy in power generation is likely to boost the growth of PACVD based coatings market.

Related Reports:

A. Feve Coatings Market

https://www.industryarc.com/Report/18106/feve-coatings-market.html

B. Decorative Coating Market

https://www.industryarc.com/Report/11716/decorative-coating-market.html

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Information:

Venkat Reddy
Sales Director
Email: [email protected]
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677


iCrowdNewswire

Keywords:    PACVD-Based Coatings Market, PACVD-Based Coatings Market size, PACVD-Based Coatings industry, PACVD-Based Coatings Market share, PACVD-Based Coatings top 10 companies, PACVD-Based Coatings Market report, PACVD-Based Coatings industry outlook