March 30, 2020
As per the report titled ‘Asia Pacific Vacuum Coating Equipment Market Size, Industry Analysis Report, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, Asia Pacific vacuum coating equipment market is projected to cross USD 20 billion by the year 2024.
Rapid expansion of the construction industry owing to rising urbanization and industrialization in India, Malaysia, and Indonesia is contributing to growth of vacuum coating equipment market in Asia Pacific. The automotive sector is another major sector fueling the product demand. Furthermore, increasing socio-economic factors, easy loan approvals, and improving living standards are supplementing the demand for vacuum coating in APAC.
Operational drawbacks are a major growth restraint for the market. In addition, cost inefficiency of PVD vacuum in comparison to electroplating apparatus may impact the product adoption over the forecast timeline.
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Elaborating on the application scope, APAC vacuum coating equipment industry is categorized into physical vapor deposition (PVD), chemical vapor deposition (CVD), and magnetron sputtering. PVD segment is anticipated to expand with 9% CAGR during the study period, owing to benefits such as chemical free nature and eco-friendliness of PVD. High efficiency and performance of an engine due to reduced friction and wear between parts are encouraging the coating of engines components with PVD.
Buhler AG, IHI Corporation, Miba Coating Group, Kolzer SRL, ULVAC Inc., Scientific Vacuum Systems Ltd. (SVS), Semicore Equipment, Inc., and CVD Equipment Corporation are some of the prominent players in Asia Pacific vacuum coating equipment market.
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