UV PVD coatings market size to grow by USD 195.77 million from 2022 to 2027; Growth driven by increasing demand for tool coating - Technavio

NEW YORK, April 27, 2023 /PRNewswire/ -- The global UV PVD coatings market size is estimated to increase by USD 195.77 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 6.01% during the forecast period. The market is driven by the increasing demand for tool coating. UV PVD coatings offer several benefits to tools such as improved hardness, increased wear resistance, enhanced adhesion, and improved corrosion resistance. This has increased the demand for UV PVD coatings in various applications. In the automotive industry, UV PVD coatings are used to improve the durability and performance of engine components, gears, bearings, and other components. In the aerospace industry, UV PVD coatings are used to improve the performance of aircraft components, such as turbine blades, compressor blades, and landing gear. Thus, the increasing demand for coated tools in various industries will drive the growth of the market during the forecast period. Technavio's report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment- Request a sample report

Global UV PVD Coatings Market – Vendor Analysis

The global UV PVD coatings market is concentrated. The market is highly competitive, with vendors offering a wide range of products for various applications. The competition in the market is driven by factors such as product quality, price, and after-sales service. Vendors are continuously investing in research and development to improve their products and stay ahead of the competition. In addition to established vendors, the market also sees the entry of new vendors, particularly in developing countries, offering lower-priced equipment. This has led to increased competition and price pressures in the market. Some of the key vendors covered in the report include:

• Alta Creation LLP - The company offers UV PVD coating services for hardware and fittings, furniture, sheets, kitchenware, and bar accessories.
• BERLAC GROUP - The company offers UV PVD coating such as Berlac UV clear coat systems for metalized surfaces.
• FUJIKURA KASEI CO. LTD. - The company offers UV PVD coatings for the automotive industry through its subsidiary Fujichem Sonneborn Ltd.
• HEF - The company offers UV PVD coatings such as Certess carbon-tribological coatings and diamond-like carbon coating.
• Cross PVD
• IHI Corp.
• KOLZER SRL
• OC Oerlikon Corp. AG
• voestalpine AG
• Zhejiang UVCHEM Special Coatings Co. Ltd.

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Global UV PVD Coatings Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on application (automotive, appliances and hardware, packaging materials, and others), type (UV basecoat, UV topcoat, and UV midcoat), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market growth in the automotive segment will be significant over the forecast period. UV PVD coatings are widely used in the automotive industry in various parts of cars, including wheels, bumpers, interior trim, and exterior body parts. They provide a glossy and scratch-resistant finish and improve corrosion and wear resistance. The demand for UV PVD coatings is expected to increase in the automotive industry, with the increasing production of cars and the growing demand for electric and autonomous vehicles. All these factors drive the growth of the segment.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global UV PVD coatings market.

• APAC will account for 49% of the market growth during the forecast period. The growth of the regional market is driven by the increasing demand for UV PVD coatings from various industries, including electronics, automotive, aerospace, and medical. In addition, factors such as growing demand for electronic devices, expansion of the automotive industry, increase in investment in the aerospace industry, and growing demand for medical devices are propelling the growth of the UV PVD market in APAC.

The report comprises of various segments as well as analysis of the trends and factors
that are playing a substantial role in the market - Download a Sample Report

Global UV PVD Coatings Market – Market Dynamics

Key Trends – 

The growing interest in environmentally friendly coating processes is identified as the key trend in the market. UV PVD coatings are environmentally friendly compared to other coating procedures, such as electroplating or painting. UV PVD coatings produce no hazardous waste, and there is very little possibility of dangerous materials entering the environment. Moreover, UV PVD coatings last longer than other coating types, thereby lowering the danger of solid waste production. Such environmental benefits associated with the use of UV PVD coatings are increasing their adoption among end-users, which is driving market growth.

Major challenges – 

The high maintenance cost of PVD machines is a major challenge hindering market growth. The installation of PVD machines requires significant investments. These machines are expensive to purchase and maintain. They also require skilled technicians to operate and service them. In addition, the increasing cost of raw materials used in the PVD process further increases the overall operating cost of vendors. Such challenges restrict the growth of the market.  

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

What are the key data covered in this UV PVD coatings market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the UV PVD coatings market between 2023 and 2027
• Precise estimation of the size of the UV PVD coatings market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the UV PVD coatings market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of UV PVD coatings market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global UV PVD coatings market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global UV PVD coatings market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Automotive - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.4 Appliances and hardware - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Appliances and hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Appliances and hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Appliances and hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Appliances and hardware - Year-over-year growth 2022-2027 (%)

• 6.5 Packaging materials - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Packaging materials - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Packaging materials - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Packaging materials - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Packaging materials - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 UV basecoat - Market size and forecast 2022-2027 
• Exhibit 56: Chart on UV basecoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on UV basecoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on UV basecoat - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on UV basecoat - Year-over-year growth 2022-2027 (%)

• 7.4 UV topcoat - Market size and forecast 2022-2027 
• Exhibit 60: Chart on UV topcoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on UV topcoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on UV topcoat - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on UV topcoat - Year-over-year growth 2022-2027 (%)

• 7.5 UV midcoat - Market size and forecast 2022-2027 
• Exhibit 64: Chart on UV midcoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on UV midcoat - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on UV midcoat - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on UV midcoat - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 68: Market opportunity by Type ($ million)
• Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Alta Creation LLP
• Exhibit 123: Alta Creation LLP - Overview
• Exhibit 124: Alta Creation LLP - Product / Service
• Exhibit 125: Alta Creation LLP - Key offerings

• 12.4 BERLAC GROUP
• Exhibit 126: BERLAC GROUP - Overview
• Exhibit 127: BERLAC GROUP - Product / Service
• Exhibit 128: BERLAC GROUP - Key offerings

• 12.5 Cross PVD
• Exhibit 129: Cross PVD - Overview
• Exhibit 130: Cross PVD - Product / Service
• Exhibit 131: Cross PVD - Key offerings

• 12.6 FUJIKURA KASEI CO. LTD. 
• Exhibit 132: FUJIKURA KASEI CO. LTD. - Overview
• Exhibit 133: FUJIKURA KASEI CO. LTD. - Product / Service
• Exhibit 134: FUJIKURA KASEI CO. LTD. - Key offerings

• 12.7 HEF
• Exhibit 135: HEF - Overview
• Exhibit 136: HEF - Product / Service
• Exhibit 137: HEF - Key offerings

• 12.8 IHI Corp.
• Exhibit 138: IHI Corp. - Overview
• Exhibit 139: IHI Corp. - Business segments
• Exhibit 140: IHI Corp. - Key news
• Exhibit 141: IHI Corp. - Key offerings
• Exhibit 142: IHI Corp. - Segment focus

• 12.9 KOLZER SRL
• Exhibit 143: KOLZER SRL - Overview
• Exhibit 144: KOLZER SRL - Product / Service
• Exhibit 145: KOLZER SRL - Key offerings

• 12.10 OC Oerlikon Corp. AG
• Exhibit 146: OC Oerlikon Corp. AG - Overview
• Exhibit 147: OC Oerlikon Corp. AG - Business segments
• Exhibit 148: OC Oerlikon Corp. AG - Key offerings
• Exhibit 149: OC Oerlikon Corp. AG - Segment focus

• 12.11 Vergason Technology Inc. 
• Exhibit 150: Vergason Technology Inc. - Overview
• Exhibit 151: Vergason Technology Inc. - Product / Service
• Exhibit 152: Vergason Technology Inc. - Key offerings

• 12.12 voestalpine AG
• Exhibit 153: voestalpine AG - Overview
• Exhibit 154: voestalpine AG - Business segments
• Exhibit 155: voestalpine AG - Key offerings
• Exhibit 156: voestalpine AG - Segment focus

• 12.13 Zhejiang UVCHEM Special Coatings Co. Ltd. 
• Exhibit 157: Zhejiang UVCHEM Special Coatings Co. Ltd. - Overview
• Exhibit 158: Zhejiang UVCHEM Special Coatings Co. Ltd. - Product / Service
• Exhibit 159: Zhejiang UVCHEM Special Coatings Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 13.5 List of abbreviations 
• Exhibit 166: List of abbreviations

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