Top 3 trends fostering global vacuum coating equipment market size through 2026

The vacuum coating equipment market is poised to observe noteworthy growth owing to the rapid advancements in the electronics industry. Usually, vacuum coating is considered as a viable alternative for electroplating. The technology offers added advantages to products over conventional coating methods like better shelf life, scratch protection, and brighter colors. It is eco-friendly in nature and comes in line with almost all environmental regulations.

A study conducted by Global Market Insights, Inc., estimates that the vacuum coating equipment market could surpass USD 38 billion by the year 2026. Currently, BCI Blösch group, Buhler AG, Applied Materials, PVD Products Inc., Singulus Technologies AG, and Kolzer SRL are leading the vacuum coating equipment manufacturers that offer a unique product lineup.

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These firms are constantly working on technological innovations as well as product advancement to enhance their business reach. Moreover, they are implementing growth strategies like strategic acquisitions, cost optimization and geographic expansion to diversify their product portfolio.

Listed below are some of the trends fostering global vacuum coating equipment industry size:

Chemical vapor deposition technology gaining prominence

Earlier in 2019, the chemical vapor deposition technology recorded over 50% share in vacuum coating equipment market, and is anticipated to garner significant growth by 2026. The technology plays a crucial role in the manufacturing of photovoltaic devices and Integrated Circuits (ICs), and is experiencing noteworthy traction owing to heavy demand for such products.

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However, the technology comprises of high operational and initial installation cost, factor that may refrain its adoption. Nonetheless, its ability to encompass multiple specifications, size, and shape of products could augment its share in vacuum coating equipment industry.

Diverse application across various end-user industries

Vacuum coating equipment plays a crucial role in the manufacturing of photovoltaic devices and Integrated Circuits (ICs). It holds prominence in polymerization and metal-organic frameworks applications like adsorption, gas storage, catalysis, storage & purification, low thermally conductive dielectrics and gas sensing, drug delivery, and liquid separation & purification. In addition to this, vacuum coating equipment are used with other chemical vapor deposition applications include fibers, automotive components, and powders, to name a few.

Increasing demand from Latin America

Latin America is considered as a lucrative revenue ground for vacuum coating equipment industry, and is anticipated to surpass the growth rate of Middle East and Europe by 2026. LATAM is known as the largest manufacturer of metal commodities as it houses huge quantities of iron ore and copper reserves and develops significantly in proportion to global production.

Vacuum coating technologies have a comparatively broader scope in the region among several applications that usually include metal-organic frameworks and metalizing for chip carriers & microelectronic circuits. With this, estimates claim that Latin America vacuum coating equipment industry may record a growth rate of almost 5% by 2026.