Electron Beam Physical Vapor Deposition Coating Market Size, Share, Competitive Landscape and Trend Analysis Report by Source and Application and End user : Opportunity Analysis and Industry Forecast, 2020-2027

Electron Beam Physical Vapor Deposition Coating Market Outlook - 2027

The global electron beam physical vapor deposition coating market was valued at $1.8 billion in 2019, and is projected to reach $2.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Electron beam physical vapor deposition (EB-PVD) coating is a thin film produced by electron beam PVD systems also called as electron evaporation systems. It is a type of PVD in which an intense electron beam is generated and emitted from a filament and directed toward a coating material. The steering of electron beams is done via electric and magnetic fields. The incident beams evaporate the coating material (source material) and it is deposited on the substrate. The entire process takes place within a vacuum environment and can be ion assisted to enhance the coating properties. The source material used for EB-PVD include but not limited to Aluminum Titanium Nitride (TiAlN), ceramic, Titanium, and Zirconium. Yttria-stabilized zirconia (YSZ) is the standard material for turbine applications. The resultant film is 1 nm to a few microns thick but enhances the thermal and optical properties of the substrate. The major applications of EB-PVD coatings are in creating thermal barrier coatings (TBCs) in automotive, aerospace, power generation, and marine components. It is also used in coating thin films on medical devices, medical equipment, and biomedical implants. Hydroxyapatite (HAp) coating, which is popularly used for dental and orthopedic prostheses, also uses EB-PVD. The metallization of semiconductor components that are further used in consumer electronics, micro electro mechanical systems, RF power amplifiers, light emitting diodes, and laser recorders is done by EB-PVD.

The global electron beam physical vapor deposition coating market is mainly driven by the automotive, medical, and electronics industries. Increase in global healthcare expenditure in an effort to provide better medical services, which in turn increase the demand for medical devices and equipment. Most of the economies around the world are increasing the share of GDP on healthcare services. Moreover, as the income increases, the expenditure on biomedical implants are likely to rise. Due to new technological developments in the electronics industry, there has been a surge in demand for semiconductor chips. Microelectromechanical systems (MEMS)-based sensors are used in smartphones, wearable devices, medical instruments, and other electronic devices. Disruptive updates such as IoT and 5G demands better chips. Furthermore, increase in automotive production and adoption of solar energy & power generation are likely to boost the global EB-PVD market. However, the availability of alternatives such as electroplating, or even other PVD techniques such as chemical vapor deposition (CVD) or magnetron sputtering, is expected to reduce the dependency on EB-PVD coatings, which in turn hampers the global electron beam physical vapor deposition coating market growth. 

The global electron beam physical vapor deposition coating market is segmented on the basis of source, application, and end users. On the basis of source, the market is divided into single and multiple. Application wise, the electron beam physical vapor deposition coating market is segmented into thermal barrier coatings, anticorrosive coatings, and others. By end user, the market is fragmented into automotive, medical, electrical & electronics, power, optical, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players analyzed in this report are AMG Advanced Metallurgical Group N.V., Angstrom Engineering Inc., Applied Materials Inc., Denton Vacuum LLC, Ferrotec Holdings Corporation, Intlvac Thin Film Corporation, Polyteknik AS, PVD Products Inc., Semicore Equipment Inc., and Vaksis R&D and Engineering. 

Electron Beam Physical Vapor Deposition Coating Market, by Region

Asia-Pacific was the highest contributor with $0.9 billion in 2019, projected to be $1.4 billion by 2027 at a CAGR of 6.6%. Asia-Pacific is also projected to grow at the fastest rate, owing to the presence of a well-established manufacturing sector such as automotive, semiconductor, and electronics. 

Global Electron Beam Physical Vapor Deposition Coating Market, by Source

In 2019, the multiple EB-PVD coating segment was the highest contributor to the market with $1.2 billion and is estimated to reach $1.7 billion by 2027, at a CAGR of 5.1% during the forecast period. Multiple EB-PVD coatings are used in the coatings of automotive components and turbine parts

Global Electron Beam Physical Vapor Deposition Coating Market, by Application

Thermal barrier coatings segment was the highest contributor in 2019, with $1.1 billion and projected to reach $1.6 billion by 2027 at a CAGR of 5.5%. Increase in demand for efficient aero engines and power turbines operating at higher temperatures is presently driving the demand for thermal barrier coating systems.

Global Electron Beam Physical Vapor Deposition Coating Market, by End User 

The automotive segment was the highest contributor in 2019 with $0.4 billion and is estimated to reach $0.7 billion by 2027, at a CAGR of 5.5%. Surge in demand for fuel efficient automobiles is a major driver for efficient coating systems such as PVD coatings.

Key Benefits for Stakeholders:

• The report includes in-depth analysis of different segments and provides market estimations between 2019 and 2027. 
• Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
• The key market players are profiled to gain an understanding of the strategies adopted by them.
• This report provides a detailed analysis of the current trends and future estimations from 2020 to 2027, which helps identify the prevailing electron beam physical vapor deposition coating market opportunities.

Impact Of Covid-19 On the Global Electron Beam Physical Vapor Deposition Vapor Coating Market

• The growth of thin film deposition technique such as electron beam physical vapor deposition coating systems is dependent on the end users, mainly automotive, medical, and electronics.
• The outbreak of COVID-19 pandemic has disrupted the supply chain of the automotive manufacturing as well as electronic industry.
• According to data collected by AFIA – Association of Manufacturers for the Automotive Industry, the sales of automotive components dropped by 76% in April 2019 compared to the April 2018.
• However, in the global medical sector the market has witnessed significant boost, with increase in the demand for medical devices and equipment due to the pandemic.

  Electron Beam Physical Vapor Deposition Coating Market Report Highlights

Aspects	Details
By SOURCE	Single Multiple
By APPLICATION	Thermal Barrier Coatings Anticorrosive Coating Others
By END USER	Automotive Medical Electrical & Electronics Power Optical Others
By Region	North America  (U.S, Canada, Mexico) Europe  (Germany, France, UK, Italy, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of APAC) LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players	APPLIED MATERIALS INC, POLYTEKNIK AS, INTLVAC THIN FILM CORPORATION, PVD PRODUCTS INC, ANGSTROM ENGINEERING INC, VAKSIS R&D AND ENGINEERING, SEMICORE EQUIPMENT INC, AMG ADVANCED METALLURGICAL GROUP N.V, FERROTEC HOLDINGS CORPORATION, DENTON VACUUM LLC

Analyst Review

According to the insights of CXOs of leading companies, growing investments in the electronics, automotive, and medical are projected to create future opportunities for the growth of the global electron beam physical vapor deposition (EB-PVD) coating market. PVD coatings based on electron beam are majorly used in thin film coatings of turbines for use in aerospace, automotive, and power generation applications. The increasing global healthcare expenditure will grow the consumption of medical devices and equipment. Further, the global expansion of the electronics industry is expected to play a major role in the growth of the EB-PVD coatings market. Developments in thin film flexible solar cells based on Copper Indium Gallium Diselenide (CIGS) with better lifetime will drive the demand for thin film deposition techniques such as EB-PVD. The optimization of Plasma activated EB-PVD, also called as plasma spray-physical vapor deposition (PS-PVD) to produce functional coatings with advanced microstructures is seen as a potential technological update in the EB-PVD coating technique.

 

Author Name(s) : Pratik Mandon | Eswara Prasad

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