PACVD-Based Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented By Application (Microelectronics, Industrial, Cutting Tools, Medical Devices, Transportation, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

PACVD-Based Coatings Industry Overview

Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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PACVD-Based Coatings Market Analysis

The market for PACVD-based coatings is expected to grow at a CAGR of more than 4% during the forecast period. The major factor driving the market studied is the increasing medical sector.

  • Growing demand for photovoltaic cells is likely to act as an opportunity.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

PACVD-Based Coatings Industry Segments

The PACVD-based coatings market report includes:

Cutting Tools
Medical Devices
Other Applications
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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PACVD-Based Coatings Market Trends

This section covers the major market trends shaping the PACVD-Based Coatings Market according to our research experts:

Demand from Microelectronics Industry Continue to Grow Globally

  • Microelectronics is the largest application sector in the industry and the demand is anticipated to grow further, enjoying the majority share.
  • Application of this technology for coating components of electronic devices such as integrated circuits, semiconductors, capacitors and resistors leads to enhanced product cycle.
  • These characteristics of chemical vapor deposition coatings are expected to augment significant demand for this technology. Tremendous growing demand from microelectronics industry products such as mobiles, laptops, storage devices, semiconductors, solar panels, PV devices, and other electronic products has positively affected the growth of this vapor deposition technology market.
  • PACVD utilizes plasma to enhance the chemical reaction rates of the precursors. The processing allows deposition at lower temperatures, which is often critical in the manufacture of semiconductors.
  • The lower temperatures also allow for the deposition of organic coatings, such as plasma polymers, that have been used for nanoparticle surface functionalization.
  • The aforementioned factors are likely to increase the demand for the market over the forecast period. 
PACVD-Based Coatings Market Revenue Share

Asia-Pacific to Witness Strongest Growth Rate

  • Asia Pacific is estimated to witness a tremendous growth rate over the assessment period in the PACVD-based coatings market.
  • The largest revenue segment is microelectronics and the largest coating market base resides in China. Other major industries driving the regional market are the industrial sector, which includes manufacturing and energy & power industries.
  • The well-established electronics manufacturing base in China, Japan, South Korea, and Taiwan shall provide a continuous demand for PACVD-based coatings. In the Asia-Pacific region, where environmental regulations are not strict, even there PACVD-based coatings are gaining popularity as governments become aware and more and more legal requirements surrounding coatings are implemented.
  • Other countries that will drive the market are emerging nations such as India, Vietnam, Thailand, Malaysia, Indonesia, and the Philippines, which are witnessing rapid economic growth and offer a lucrative opportunity for CVD technology licensors.
  • Growing economies, rapid urbanization, burgeoning electronic products manufacturing ecosphere are supporting the growth of the regional market in the Asia Pacific.
  • all the above factors are increasing the demand for the PACVD-based coating market over the forecast period. 
PACVD-Based Coatings Market Regional Trends

PACVD-Based Coatings Market Competitor Analysis

The pacvd-based coatings market is partially fragmented. Some of the major players include Adeka Corporation, Oerlikon Balzers,  IHI Ionbond AG,  Veeco Instruments, Inc., and AIXTRON, among others.

PACVD-Based Coatings Market Top Players

  1. Adeka Corporation

  2. Oerlikon Balzers

  3. IHI Ionbond AG

  4. Veeco Instruments, Inc.


*Disclaimer: Major Players sorted in no particular order


PACVD-Based Coatings Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Medical Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Application

      1. 5.1.1 Microelectronics

      2. 5.1.2 Industrial

      3. 5.1.3 Cutting Tools

      4. 5.1.4 Medical Devices

      5. 5.1.5 Transportation

      6. 5.1.6 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.2.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.2.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.2.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.2.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Adeka Corporation

      2. 6.4.2 Aixtron

      3. 6.4.3 Applied Materials Inc.

      4. 6.4.4 IHI Ionbond AG

      5. 6.4.5 Jusung Engineering Co. Ltd.

      6. 6.4.6 Kurt J Lesker Company

      7. 6.4.7 Plasma Therm LLC

      8. 6.4.8 Tokyo Electron Limited

      9. 6.4.9 Ulvac, Inc.

      10. 6.4.10 Veeco Instruments, Inc.

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Photovoltaic Cells

**Subject to Availability
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PACVD-Based Coatings Market Research FAQs

The PACVD-Based Coatings Market is studied from 2018 - 2028.

The PACVD-Based Coatings Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Adeka Corporation, Oerlikon Balzers, IHI Ionbond AG, Veeco Instruments, Inc., AIXTRON are the major companies operating in PACVD-Based Coatings Market.

PACVD-Based Coatings Industry Reports

In-depth industry statistics and market share insights of the PACVD-Based Coatings sector for 2020, 2021, and 2022. The PACVD-Based Coatings research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the PACVD-Based Coatings report PDF.

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