Asia Pacific Vapor Deposition Equipment Market Size Worth $19.15 Billion By 2028

Asia Pacific Vapor Deposition Equipment Market Growth & Trends

The Asia Pacific vapor deposition equipment market size is anticipated to reach USD 19.15 billion by 2028, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing semiconductor manufacturing coupled with rising demand for solar PV products in Asia Pacific is anticipated to drive the market growth. The rapid growth in the medical device industry, attributed to the increased investments in medical infrastructure during the pandemic, is expected to have a positive impact on the market. The medical device manufacturers are in need of wear-resistant and biocompatible coatings, which are provided by vapor deposition technology.

Ongoing developments and innovations in connectivity, communications, advanced software, the automotive industry, and data centers are projected to create a substantial demand for microelectronics in the region over the forecast period. This, in turn, is expected to have a positive impact on the vapor deposition equipment market. Key strategies adopted by various manufacturers include collaboration with coating companies and providing them with the necessary technology and equipment for coating. For instance, in October 2020, Vergason Technology, Inc., partnered with Helios Coatings Inc. to utilize Physical Vapor Deposition (PVD) wheel coating technology.

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Asia Pacific Vapor Deposition Equipment Market Report Highlights

• Microelectronics accounted for the largest revenue share in 2020 owing to increased demand for durable coatings as vapor deposition allows the coated material to possess unique properties aiding them to integrate with microelectronics

• The Chemical Vapor Deposition (CVD) segment led the global market in 2020 and is expected to register the fastest CAGR from 2021 to 2028

• The medical equipment application segment is projected to witness the fastest CAGR of 7.6% over the forecast period

• This growth is credited to its ability to provide a wear-resistant & hard coating on medical devices and surgical instruments

• China accounted for the maximum revenue share in 2020 due to the heavy investments, a robust economic recovery, high disposable income levels, and improved private demand

• End users are focusing on new product launches with vapor deposition techniques to expand their product portfolios

• For instance, In March 2020, Roca Sanitario SA introduced Everlux finishes, a PVD technique to offer impact- and scratch-resistant products

Asia Pacific Vapor Deposition Equipment Market Segmentation

Grand View Research has segmented the Asia Pacific vapor deposition equipment market on the basis of technology, application, and region:

Asia Pacific Vapor Deposition Equipment Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Chemical Vapor Deposition (CVD)

• Physical Vapor Deposition (PVD)

Asia Pacific Vapor Deposition Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)

• Microelectronics

• Data Storage

• Solar Products

• Cutting Tools

• Medical Equipment

• Others

Asia Pacific Vapor Deposition Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

List of Key Players of Asia Pacific Vapor Deposition Equipment Market

• Buhler Alzenau GmbH

• Vacuum Techniques Pvt. Ltd.

• Ningbo Danko Vacuum Technology Co., Ltd.

• Vergason Technology, Inc.

• Vapor Technologies, Inc.

• AJA International, Inc.

• Kobe Steel, Ltd.

• Milman Thin Film Systems Pvt. Ltd.

• Foshan Foxin Vacuum Technology Co., Ltd.

• IKS PVD Technology (Shenyang) Co., Ltd.