China Physical Vapor Deposition Market Size & Outlook
China physical vapor deposition market, 2018-2030 (US$M)
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China physical vapor deposition market highlights
- The China physical vapor deposition market generated a revenue of USD 432.6 million in 2023 and is expected to reach USD 763.1 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, sputter deposition was the largest revenue generating product in 2023.
- Arc Vapor Deposition is the most lucrative product segment registering the fastest growth during the forecast period.
Physical vapor deposition market data book summary
| Market revenue in 2023 | USD 432.6 million |
| Market revenue in 2030 | USD 763.1 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Sputter deposition |
| Fastest growing segment | Arc Vapor Deposition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal Evaporation, Sputter Deposition, Arc Vapor Deposition |
| Key market players worldwide | Applied Materials Inc, Advanced Energy Industries Inc, OC Oerlikon Corp AG, Pfaffikon ADR, Angstrom Engineering, Kurt J. Lesker Company, Voestalpine AG, IHI Corp, Kobe Steel Ltd |
Other key industry trends
- In terms of revenue, China accounted for 14.4% of the global physical vapor deposition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China physical vapor deposition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 248.6 million by 2030.
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Physical Vapor Deposition Market Scope
Physical Vapor Deposition Market Companies
| Name | Profile | # Employees | HQ | Website |
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China physical vapor deposition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to physical vapor deposition market will help companies and investors design strategic landscapes.
Sputter deposition was the largest segment with a revenue share of 47.3% in 2023. Horizon Databook has segmented the China physical vapor deposition market based on thermal evaporation, sputter deposition, arc vapor deposition covering the revenue growth of each sub-segment from 2018 to 2030.
The rapid expansion of electric vehicles (EVs) and renewable energy is expected to significantly drive the PVD market in China. PVD is crucial in manufacturing advanced materials used in lithium-ion batteries and fuel cells, enhancing their performance, durability, and energy efficiency.
As countries in the region push for cleaner and sustainable energy solutions, the demand for PVD-coated materials in EVs and renewable energy applications is expected to grow. In automotive industry, PVD coating is used to improve the friction coefficient, decrease weight, and provide decorative trim for cars.
The burgeoning medical equipment sector includes a vast array of medical tools, which is anticipated to significantly fuel the demand for PVD. As the medical industry continues to expand and innovate, there is a growing need for durable, reliable, and high-performance coatings that PVD provides.
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Our clientele includes a mix of physical vapor deposition market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China physical vapor deposition market , including forecasts for subscribers. This country databook contains high-level insights into China physical vapor deposition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China physical vapor deposition market size, by product, 2018-2030 (US$M)
China Physical Vapor Deposition Market Outlook Share, 2023 & 2030 (US$M)
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