May 18, 2020
According to the research report titled ‘Vacuum Coating Equipment Market Size By Technology, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report LLC, global vacuum coating equipment market is anticipated to register substantial growth during 2020-2026.
Vacuum coating technique uses vacuum technology to develop an environment of sub-atmospheric pressure and employs molecular/atomic condensable vapor source to deposit thin films and coatings onto a surface. This source of vapor can either be a solid/liquid surface or chemical vapor precursor.
Ability to offer high quality coatings coupled with increasing utilization of vacuum coating equipment across various industry verticals are major factors driving the market growth. A vacuum coating equipment includes an evaporation system, an auxiliary pumping system, film forming control system and a vacuum main body cavity.
In terms of technology, physical vapor deposition (PVD) segment is predicted to expand significantly during the forecast period. PVD is an advanced plasma coating-based deposition technology that vaporizes materials under vacuum coating conditions. The technology boasts of various advantages such as exceptional coating, resistance to oxidation, superior hardness, reduced chemical reactivity, low friction values and robust wear protection. It also offers flexibility to work with several component shapes, quantities and sizes.
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On the other hand, chemical vapor deposition segment is anticipated to showcase moderate growth during the study period. CVD is not only atmosphere-controlled but also conducted at extreme temperatures in a chemical vapor deposition reactor. This technology helps in forming thin film coatings and is extensively employed in metal forming tools. CVD based coatings offer excellent resistance to wear & tear which is generally seen in most metal forming applications.
Global vacuum coating equipment industry share from PVD application segment is expected to register substantial growth in the ensuing years. PVD coatings are utilized in automotive sector for applications like injection molding tools, punches & forming tools, and cutting tools as well as decorations. PVD coatings are resistant to wear & tear and help in preventing punches & forming tools from abrasive wear.
Citing the regional scope, vacuum coating equipment industry in Middle East & Africa held 3% revenue share in 2019, primarily due to favorable government initiatives which promote industrial expansion.
Meanwhile, Europe vacuum coating equipment market is reckoned to witness a y-o-y growth rate of 4.5% through 2026. Rapid expansion of electronics industry is swaying the business dynamics in Europe.
The prominent companies operating in vacuum coating equipment market are Miba Coating Group, OC Oerlikon, Semicore, AJA International, CVD Equipment Corp., ULVAC Inc., T-M Vacuum Products Inc., Scientific Vacuum Systems Ltd., Kolzer SRL, Singulus Technologies AG, IHI Corp., Applied Materials Inc., BCI Blösch Group, PVD Products Inc. and Buhler AG among others.