Physical Vapor Deposition On Plastics Market Worth $10.33 Billion By 2025

The global physical vapor deposition on plastics market size is anticipated to reach USD 10.33 billion by 2025, at a CAGR of 6.2% according to a new report by Grand View Research, Inc. Developments in medical equipment and solar product application are projected to impact demand positively. Physical vapor deposition (PVD) on plastic improves the properties such as surface finish, and chemical & wear resistance in various end-use plastic products, thus improving their performance and reducing the overall maintenance cost.

Favorable government regulations and initiatives to strengthen the manufacturing industry, such as the provisions for subsidy, increasing foreign investments and trade promotion are projected to augment PVD on plastic product demand over the forecast period. Some of the initiatives are Belt and Road initiative in China, Make in India initiative by the Indian government, and Buy American Hire American initiative in the U.S, etc.

Physical vapor deposition on plastics market is expected to be driven by the rapidly growing automotive and solar products industries, especially in the developing countries, and the rising application of PVD on plastics in various industries. Physical vapor deposition (PVD) on plastics is characterized by widespread applications including enhanced surface finish and impact absorption on account of the improved chemical & mechanical properties, light weight, and non-toxicity of the coatings.

 To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-plastics-market

Further key findings from the repot suggest:

• The physical vapor deposition on plastics market was valued at USD 6.79 billion in 2018 and is expected to grow at a CAGR of 6.2% from 2019 to 2025

• Medical equipment occupied the largest revenue share on account of its higher price and increasing demand due to increasing chronic diseases and rising old age.

• Solar products emerged as the fastest growing application segment globally as it is a step towards reducing carbon footprint of the countries form power generation sector

• Rising demand for environment-friendly and energy saving power generation equipment & solutions is expected to drive this market

• The medical equipment accounted for 26.61% of the global market in 2018 and is projected to grow at the second highest CAGR over forecast period

• Increasing investment from government & private institutions in the solar power generation sector is projected to contribute to the demand for these physical vapor deposition on plastic products

• Key players include Applied Materials, Inc., Advanced Energy Industries Inc., IHI HAUZER B.V., Oerlikon Balzers, and Intevac, Inc.

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

Physical Vapor Deposition On Plastics Application Outlook (Revenue, USD Million, 2014 - 2025)

• Microelectronics

• Data Storage

• Solar Products

• Medical Equipment

• Others

Physical Vapor Deposition On Plastics Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa