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PACVD-Based Coatings Market - Forecast(2021 - 2026)
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.
Report Coverage
The report: “PACVD-Based Coatings Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the PACVD based coatings industry.
By Type: RF PACVD, DC PACVD, Microwave PACVD
By End Use: Cutting Tools, Medical Devices, Automotive & Transportation (Engines, Sliding & Rolling Components and Others), Microelectronics (Semiconductors, amorph¬ous sil¬icon & sil¬icon nitride deposition, and Others) Aviation (Compressor Blades, Vanes or Integrated Bladed Rotors, Engines) and Others
By Geography: North America, South America, Europe, APAC and RoW
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.
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.
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.
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. In 2019, the market of PACVD based coatings has been consolidated by the top five players accounting for xx% of the share. 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.
1. PACVD-Based Coatings Market- Market Overview
1.1 Definitions and Scope
2. PACVD-Based Coatings Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by End Use
2.4 Key Trends by Geography
3. PACVD-Based Coatings Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. PACVD-Based Coatings Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. PACVD-Based Coatings Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. PACVD-Based Coatings Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. PACVD-Based Coatings Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. PACVD-Based Coatings Market – By Type (Market Size -$Million, KT)
8.1 RF PACVD
8.2 DC PACVD
8.3 Microwave PACVD
9. PACVD-Based Coatings Market – End Use (Market Size -$Million, KT)
9.1 Cutting Tools
9.2 Medical devices
9.3 Automotive & Transportation
9.3.1Engines
9.3.2Sliding & Rolling Components
9.3.3Others
9.4 Microelectronics
9.4.1 Semiconductors
9.4.2 Amorph¬ous Sil¬icon & sil¬icon Nitride Deposition
9.4.3 Others
9.5 Aviation
9.5.1 Compressor Blades
9.5.2 Vanes or Integrated Bladed Rotors
9.5.3 Engines
9.6 Others
10. PACVD-Based Coatings Market - By Geography (Market Size -$Million / KT)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherland
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.2 UAE
10.5.1.3 Israel
10.5.1.4 Rest of Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest Of Africa
11. PACVD-Based Coatings Market - Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. PACVD-Based Coatings Market Share Analysis (Premium)
12.1 Market Share by Country- Top companies
12.2 Market Share by Region- Top companies
12.3 Market Share by type of Product / Product category- Top companies
12.4 Market Share at global level- Top companies
12.5 Best Practices for companies
13. PACVD-Based Coatings Market - List of Key Companies by Country (Premium)
14. PACVD-Based Coatings Market Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
List of Tables
1 US PACVD-Based Coatings Market Size 2018
2 Canada PACVD-Based Coatings Market Share 2018
3 Brazil PACVD-Based Coatings Market Outlook 2019 - 2023
4 Mexico PACVD-Based Coatings Market Research 2018
5 Germany PACVD-Based Coatings Market Trends 2019 - 2023
6 France PACVD-Based Coatings Market Growth 2019 - 2023
7 UK PACVD-Based Coatings Market Demand 2019 - 2023
8 Italy PACVD-Based Coatings Market Segmentation 2018
9 Russia PACVD-Based Coatings Market Analysis 2019 - 2023
10 China PACVD-Based Coatings Market Revenue 2019 - 2023
11 Japan PACVD-Based Coatings Market Volume 2019 - 2023
12 South Korea PACVD-Based Coatings Market Potential 2019 - 2023
13 India PACVD-Based Coatings Market Leaders 2018
14 Saudi Arabia PACVD-Based Coatings Market Forecast 2019 - 2023
15 Kuwait PACVD-Based Coatings Market Value 2018
List of Figures
For complete list of 60+ tables and 60+ figures follow the Link