Vacuum coating is a rapidly developing technology in surface engineering. Vacuum coating machines allow deposition of materials in varying thickness at a low temperature and with minimum atmospheric pollution. A large range of materials can be used in vacuum coating machines to provide the surface with imbued benefits such as wear-resistance, decorative coatings, and a number of others. Market Research Future has studied the global vacuum coating machines market which indicates growth at a CAGR of 6.36% during the forecast period from 2018 to 2023. The optimistic projection is expected to lead the market toward a value of approximately USD 27,557 Mn by the end of 2023.
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Increasingly stringent regulations regarding the use of toxic chemicals in coatings have promoted environmental consciousness which has resulted in the demand for eco-friendly coating practices. Vacuum coating machines allow a variety of coatings in any thickness with little to no pollution of water or air. This is a key driver of adoption of such machines. The growth of various end-use industries has resulted in an increased demand for coatings. Due to the increasing pressure to adopt eco-friendly methods, the vacuum coating machines market has expanded significantly. Vacuum coating machines have a variety of applications in electronics, automotive, optics & glass, and several others. Electronics and automotive are rapidly growing sectors where the adoption of vacuum coating machines is expected to have a significant, and positive impact on the global market.
A distinct lack of technically skilled labor combined with high initial investment for vacuum coating machines is expected to restrain market growth to a certain degree. However, the growth of the solar equipment industry is expected to open up the market to opportunities in the foreseeable future.
Market leaders observed for their role in the global vacuum coating machine market are Xiangtan Hongda Vacuum Equipment Co. Ltd, Dongguan Huicheng Vacuum Technology Co, ULVAC Technology Inc., Leybold Optics, Mustang Vacuum Systems, Buhler Leybold Optics, Shincron Co. Ltd, AIXTRON SE, Von Ardenne GmbH, Hanil Vacuum Co., Ltd., Lung Pien Vacuum Industry Co. Ltd, Denton Vacuum, Veeco Instruments, Oerlikon Balzers, AIXTRON SE, Optorun Co. Ltd, Applied Materials Inc., BOBST Group SA, CVD Equipment Corporation, IHI Hauzer B.V., Shincron Co. Ltd, VON ARDENNE GmbH and others.
The global vacuum coating machines market has been segmented on the basis of factors such as type, application, and region. Types have been largely segmented into physical vapor deposition (PVD) coating machines and chemical vapor deposition (CVD) coating machines. The CVD segment has the largest share of the market which is justified by its widespread application in the production of high performance solid materials.
Applications of vacuum coating machines have been segmented into automotive, packaging, optics & glass, and electronics. The electronics segment is at the head of the market. The segment is further divided into microelectronics and optoelectronics. The high demand for semiconductors is expected to drive the electronics segment at a CAGR of 6.47% during the assessment period. The Automotive segment is also growing at a rapid rate.
The APAC has established itself as the market leader due to the presence of a significant paint & coatings industry in the region. The Asia Pacific has a share of 42.9% of the global vacuum coating machine market. Emerging economies are driving the region’s growth as they are also industrial hubs with growing industrial activities where vacuum coating machines can find applications. North America follows the APAC market. However, the European market is the fastest growing region due to the use of vacuum coating machines in automotive and the presence of stringent regulations regarding toxic emissions.
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