WELLESLEY, Massachusetts, October 1, 2014 /PRNewswire/ --
BCC Research reveals in its new report, Physical Vapor Deposition (PVD): Global Markets, the global PVD market is expected to grow to more than $26.4 billion by 2019, with a five-year compound annual growth rate (CAGR) of 5.5%. The PVD materials deposited category, the largest and fastest moving segment of the market, is moving at a healthy 6% CAGR.
PVD is a process used to impart specific properties to a surface to change or alter its characteristics. It improves performance, creates unique properties, reduces costs, and extends the lifetime of products. Most major industries are impacted by the PVD process.
The PVD materials deposited category is expected to reach $15 billion in 2019 to register a 6% CAGR. Some of these materials include aluminum, which provides barrier and reflective layers; silicon dioxide, which acts as a dielectric; and titanium nitride, which imparts increased hardness and oxidation resistance.
Meanwhile, the PVD services category, which includes sputtering, evaporation and vacuum systems, is the second-fastest moving segment of the market. This segment is expected to reach $2 billion by 2019 to register a CAGR of 5.7%.
"Packaging represents the largest market for PVD equipment, materials and services, with a market share of over 46% in 2013, increasing to nearly 48% by 2019," said BCC Research manufacturing analyst Andrew McWilliams. "Microelectronics and storage applications are the other large users of PVD technologies, with 19% and 17% of the market respectively in 2013. Microelectronics' share is expected to exceed 20% by 2019, while the share of storage declines to a little over 14%."
Physical Vapor Deposition (PVD): Global Markets provides an overview of the global vapor deposition markets. It includes analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
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About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years, we have helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email firstname.lastname@example.org.
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