China Physical Vapor Deposition Market Expanding At a CAGR of 7.0% From 2019 To 2025

China Physical Vapor Deposition Market

San Francisco, 10 July 2020: The Report China Physical Vapor Deposition Market Size, Share & Trends Analysis Report By Category (Equipment, Materials, Services), By Application (Microelectronics, Data Storage), And Segment Forecasts, 2019 - 2025

The China physical vapor deposition market size is anticipated to be valued at USD 5.74 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% during the forecast period. Growing demand for reliable and durable coatings on medical equipment, solar products, and data storage products is expected to drive the growth.

The China physical vapor deposition (PVD) market is expected to witness significant growth on account of rising product demand from various applications including microelectronics, data storage, solar products, and medical equipment. The market is competitive with major companies involved in continuous product innovation and R&D activities owing to the stringent environmental regulations and with a goal of expanding their customer base. It is characterized by new product launches and expansions, as market participants are trying to expand their customer base over the forecast period.

Microelectronics is the largest application segment of China PVD market. PVD is among the most commonly utilized technologies in microelectronics. Its application in biomolecules deposition allows it to be used across several applications. Cutting tools application is also anticipated to witness significant growth in near future. PVD imparts excellent oxidation resistance, high wear resistance, high feed rate, and increased cutting speed. Thus, it is anticipated to witness augmented demand over the forecast period.

Physical vapor deposition coatings are applied to tools and equipment to enhance their effectiveness, efficiency, and lifespan of the medical devices. China is the second largest manufacturer of medical equipment. The medical equipment market was approximately USD 250 billion in 2011 and is expected to reach approximately USD 490 billion by 2020. The growth is unlikely to witness a decline owing to increasing health issues and rising geriatric population worldwide. Thus, PVD market is projected to register a huge demand from the medical sector.

Access Research Report of China Physical Vapor Deposition Market @ https://www.grandviewresearch.com/industry-analysis/china-physical-vapor-deposition-market

Further key findings from the report suggest:

  • Based on category, PVD equipment segment held the largest market share of 59.46% in terms of revenue in 2018 and is expected to grow significantly over the forecast period. Sustainable growth of semiconductor industry is expected to drive the growth
  • Medical equipment is expected to be the fastest growing application segment in China physical vapor deposition market, registering a CAGR of 8.2% from 2019 to 2025. China's rapidly aging population, increasing urbanization, and prevalence of lifestyle-related illnesses is expected to drive the expansion
  • Based on category, PVD services is anticipated to register the highest CAGR of 8.4% over the forecast period.Rising demand for coatings for the microelectronic, medical equipment, and solar products industry coupled with increasing number of end-use industry players is expected to drive the China PVD services market during the forecast period

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the China physical vapor deposition market on the basis of category, application and region.

China Physical Vapor Deposition (PVD) Category Outlook (Revenue, USD Million, 2014 - 2025)

  • PVD Equipment
  • PVD Materials
  • PVD Services

China Physical Vapor Deposition (PVD) Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Microelectronics
  • Data Storage
  • Solar Products
  • Cutting Tools
  • Medical Equipment
  • Others

China Physical Vapor Deposition (PVD) Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • China

Access Press Release of China Physical Vapor Deposition Market @ https://www.grandviewresearch.com/press-release/china-physical-vapor-deposition-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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