Global Physical Vapor Deposition Market is Estimated to Witness High Growth Owing to Increasing Demand for Advanced Coating Solutions and Technological Advancements
Physical Vapor Deposition Market The global Physical Vapor Deposition (PVD) market is estimated to be valued at US$ 18.9 billion in 2021 and is expected to exhibit a CAGR of 5.59% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Physical Vapor Deposition (PVD) is a thin-film deposition technique that is widely used in various industries such as automotive, aerospace, electronics, medical, and packaging. The process involves the deposition of materials onto a substrate in a vacuum environment. PVD is known for its ability to provide high-quality and durable coatings with excellent adhesion properties. It offers various advantages such as enhanced wear resistance, high corrosion protection, improved hardness, and low friction coefficient. PVD coatings find applications in a wide range of products, including cutting tools, decorative coatings, solar panels, and semiconductors, among others. B) Market Dynam