0

Electron Beam Physical Vapor Deposition Coating Market is Expected to Reach $2.8 billion by 2027

 
2022
Electron Beam Physical Vapor Deposition Coating Market

Report Code : A04401

quote A boost in demand for thin film PVD coatings from end-users such as medical, automotive and electronics sectors are likely to offer new growth opportunities to players operating in the market. Surge in the adoption of solar energy is likely to boost the consumption of solar panels based on thin film deposition technology such as in CIGS-based solar cells. Furthermore, developments in the electron beam physical vapor deposition systems to enhance the coating performance and efficiency will provide momentum for future market growth. quote

Eswara Prasad
Manager, Material & Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Electron Beam Vapor Deposition Coating Market by Source, Application and end user: Global Opportunity Analysis and Industry Forecast, 2020-2027," 

The global electron beam physical vapor deposition coating market was valued at $1.8 billion in 2019, and is projected to reach $2.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Electron beam physical vapor deposition (EB-PVD) coating is a thin film coating produced by the evaporated coating material deposited on the substrate under vacuum. The resulting film is only a micron level thick; thereby, not compromising the original properties of substrate along with enhancing its thermal, electrical, and corrosion resistance. Furthermore, increase in healthcare expenditure by countries around the world and rise in investments in the electronics and semiconductor markets are the major drivers presently driving the global EB-PVD coatings market. Access to better healthcare facilities and health insurance will lead to increase in demand for medical devices and equipment. Moreover, thermal barrier coatings for automotive and power turbine applications using EB-PVD technology has the potential to further accelerate the growth of the market. 

The global electron beam physical vapor deposition coating market is segmented on the basis of source, application, and end users. On the basis of source, the market is divided into single and multiple. In 2019, the multiple EB-PVD coating segment was the highest contributor to the market with $1.2 billion and is estimated to reach $1.7 billion by 2027, at a CAGR of 5.1% during the forecast period. On the basis of application, the market is segmented into thermal barrier coatings, anticorrosive coatings, and others. Thermal barrier coatings segment was the highest contributor in 2019, with $1.1 billion and a CAGR of 5.5%. The end users of EB-PVD coating are automotive, medical, electrical & electronics, power, optical, and others. The automotive segment was the highest contributor in 2019 with $0.4 billion and is estimated to reach $0.7 billion by 2027, at a CAGR of 5.5%. The medical segment is projected to be the fastest growing segment, with a CAGR of 8.1%. 

Key Findings of the Study:

  • In 2019, the multiple EB-PVD market held a share of over 65.4% in the electron beam physical vapor deposition coating market share.
  • The Asia-Pacific region is expected to grow with the highest CAGR of 6.6% during the forecast period.
  • The anticorrosive coating segment is projected to grow at a CAGR of 6.8% by 2027.
  • Based on end user, the automotive segment was the highest revenue contributor in electron beam physical vapor deposition coating market size and is expected to grow with the CAGR of 5.5%.
  • The medical segment is projected to be the fastest growing end user with a CAGR of 8.1%
  • The qualitative data in the report aims on the electron beam physical vapor deposition coating market trends, dynamics, and developments in the EB-PVD industry while the quantitative data provides information about the market share and market size in terms of revenue and volume. 

Impact Of Covid-19 On The Global Electron Beam Physical Vapor Deposition Vapor Coating Market

  • The growth of thin film deposition technique such as electron beam physical vapor deposition coating systems is dependent on the end users, mainly automotive, medical, and electronics.
  • The outbreak of COVID-19 pandemic has disrupted the supply chain of the automotive manufacturing as well as electronic industry.
  • According to data collected by AFIA – Association of Manufacturers for the Automotive Industry, the sales of automotive components dropped by 76% in April 2019 compared to the April 2018.
  • However, in the global medical sector the market has witnessed significant boost, with increase in the demand for medical devices and equipment due to the pandemic.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Electron Beam Physical Vapor Deposition Coating Market by Source (Single and Multiple), and Application (Thermal Barrier Coatings, Anticorrosive coating, and Others), and End user (Automotive, Medical, Electrical & Electronics, Power, Optical, and Others): Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Electron Beam Physical Vapor Deposition Coating Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers