Global Physical Vapor Deposition (PVD) Coatings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Thermal Evaporation, Sputter Deposition, and Arc Vapor Deposition.

By Application;

Semiconductor & Electronics, Solar Products, Cutting Tools, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn858711126 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Physical Vapor Deposition (PVD) Coatings Market (USD Million), 2021 - 2031

In the year 2023, the Global Physical Vapor Deposition (PVD) Coatings Market was valued at USD 42,379.62 million. The size of this market is expected to increase to USD 78,472.15 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.1%.

Phthalocyanine pigments, known for their excellent color strength, stability, and resistance to chemicals and light, are integral in producing vibrant and long-lasting colors. The growing demand for high-performance pigments in automotive coatings, decorative paints, and industrial coatings is a significant factor propelling the market. Additionally, the packaging industry's shift towards sustainable and visually appealing materials has increased the need for phthalocyanine pigments in printing inks and plastics.

Technological advancements and innovations in pigment formulations to enhance their environmental footprint and performance characteristics are further shaping the market dynamics. However, the market faces challenges such as stringent environmental regulations and the high cost of raw materials. Despite these hurdles, the market is poised for significant growth, supported by continuous research and development, expanding applications, and increasing demand in emerging economies. As industries continue to prioritize high-quality, durable, and eco-friendly pigments, the phthalocyanine pigments market is set to thrive, underscoring its vital role in modern manufacturing and consumer products.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Physical Vapor Deposition (PVD) Coatings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. High-performance demand

        2. Automotive coatings growth

        3. Decorative paints expansion

      2. Restraints
        1. Environmental regulations

        2. High raw costs

        3. Production complexities

      3. Opportunities
        1. Emerging economies growth

        2. Technological advancements

        3. Sustainable formulations

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Physical Vapor Deposition (PVD) Coatings Market, By Product, 2021 - 2031 (USD Million)
      1. Thermal Evaporation

      2. Sputter Deposition

      3. Arc Vapor Deposition

    2. Global Physical Vapor Deposition (PVD) Coatings Market, By Application, 2021 - 2031 (USD Million)
      1. Semiconductor & Electronics

      2. Solar Products

      3. Cutting Tools

      4. Others

    3. Global Physical Vapor Deposition (PVD) Coatings Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Angstrom Engineering Inc.
      2. Kurt J. Lesker Company
      3. Voestalpine AG
      4. NISSIN ELECTRIC Co., Ltd
      5. IHI Corporation
      6. HEF Groupe
      7. Kobe Steel Ltd.
      8. Lafer S.p.A.
  7. Analyst Views
  8. Future Outlook of the Market