Growing consumer electronics sector to bolster vacuum coating equipment market outlook

Vacuum coating is essentially an alternative technology that is used for electroplating, especially for chrome plating due to the carcinogenic property of chrome and its consequent ban in different regions owing to severe health complications. Economic improvement across both developed and emerging nations is propelling the demand for consumer electronics like smartphones, laptops, cameras, and PCs among various others, where the technology is used.

The ability of vacuum coating equipment to render aesthetic appearance, scratch resistance and durability will support the demand for the product in the rapidly growing consumer electronics network. Global vacuum coating equipment market size, which is expected to reach USD 38 billion in value by 2026, is likely to witness significant growth due to the expanding automotive, aviation and power generation industries.
Vacuum coating equipment is extensively used for PV cell coatings as it helps in absorbing the sun rays effectively, supporting the use of the product in solar energy. Increasing efforts undertaken by the government along with the need of the hour to adopt renewable sources of energy and reduce carbon dioxide is supplementing market growth. Reportedly, integrated circuits and photovoltaic applications in vacuum coating equipment industry will be responsible for over 35% of total revenue in chemical vapor deposition applications.

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Increasing demand for integrated circuits (ICs) and photovoltaic devices is driving the use of chemical vapor deposition technology. The chemical vapor deposition segment is subjected to grow at an notable rate over the coming years. The ability of the technology to manage different specifications, shape and size of products will foster the market growth.

Vacuum coating equipment also finds traction in metal-organic and polymerization framework applications. These include catalysis, gas storage, adsorption, gas sensing, and thermally low conductive dielectrics, storage and purification, drug delivery, liquid separation and purification along with other chemical vapor deposition uses including fibers, powders and automotive parts, among others.

The vacuum coating equipment market is comprised of numerous companies such as BCI Blösch group, Applied Materials Inc., Buhler AG, Singulus Technologies AG, to name a few. These companies are constantly carrying out product developments to attract new customers along with maximizing their business outcomes.

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Latin America is a global leader in producing metal commodities owing to the wide presence of iron ore and copper reserves in the region. The ability to produce a wide variety of metal products like chip carriers, metal-organic frameworks and microelectronic circuits across is supporting the regional market growth. In the coming years, Latin America vacuum coating equipment industry is expected to outperform other leading countries like the Middle East and Europe to register a growth rate of nearly 5% between the year 2020 and 2026.

Increasing demand for energy in the APAC region owing to the rise in infrastructural and residential development ask for a robust energy infrastructure that will steer regional developments. Additionally, improving disposable income among people is fostering the demand for advanced and innovative consumer electronics products like smartphones. The region witnesses a wide presence of smartphones and other consumer electronics manufacturers in order to cater to the demand.