China Physical Vapor Deposition Market To Reach $1.1 Billion By 2030

China Physical Vapor Deposition Market Growth & Trends

The China physical vapor deposition market size is expected to reach USD 1.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.4% from 2025 to 2030. 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.

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China Physical Vapor Deposition Market Report Highlights

• The sputter deposition segment accounted for 47.3% of the total revenue generated in the market in 2024 attributed to its widespread application across various industries, including electronics, automotive, and aerospace.

• The arc vapor deposition segment is expected to grow at a CAGR of 9.0% over the forecast period driven by its unique advantages in producing hard, wear-resistant coatings, essential for extending the lifespan of cutting tools, molds, and other high-stress components

• The semiconductor & electronics segment dominated the market in 2024. The demand for advanced microelectronics, including integrated circuits, memory devices, and display technologies, has surged, driven by the proliferation of consumer electronics

China Physical Vapor Deposition Market Segmentation

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

China Physical Vapor Deposition Product Outlook (Revenue, USD Million, 2018 - 2030)

• Thermal Evaporation

• Sputter Deposition

• Arc Vapor Deposition

China Physical Vapor Deposition Application Outlook (Revenue, USD Million, 2018 - 2030)

• Semiconductor & Electronics

• Solar Products

• Cutting Tools

• Medical Equipment

• Others

List Of Key Players in the China Physical Vapor Deposition Market

• Advanced Energy Industries, Inc.

• Applied Materials, Inc.

• Intevac, Inc.

• Oerlikon Balzers

• Impact Coatings AB