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Physical Vapor Deposition (PVD) Market Trends, Statistics, Segments and Forecast to 2024

Increasing demand for thin film coatings from microelectronics and solar products is expected to drive demand. Moreover, an increasing number of end-use industry players are projected to drive the PVD market over the forecast period. Also, advancement in technology is another driving factor that is likely to boost the global physical vapor deposition market. The Global Physical Vapor Deposition (PVD) Market is expected to reach USD 31.63 billion by 2024, according to a new report by Grand View Research, Inc. The need for highly sophisticated surface related properties such as super plasticity, magnetic, optical, electronic, and catalytic properties by advanced mono-structured coatings is contributing to the growth of the market. PVD is also used for making the coated product more attractive and durable for industrial applications that require high-speed machining, tooling, and magnetic storage devices. The market for physical vapor deposition was estimated at USD 14,411.8 million