
Physical vapor deposition (PVD) is a vacuum coating process in which the surfaces of various objects or metals are coated with materials to form a thin protective film. This coating exhibits higher strength, durability, and corrosion-resistant properties, as compared to conventional coating process. Expansion of cutting tool and microelectronics industry is anticipated to provide lucrative opportunity during the forecast period. PVD coatings are widely employed on cutting tools in order to provide excellent wear-resistance, advanced oxidation resistance, increased cutting speed & feed rate, etc. Furthermore, rise in demand for PVD in manufacturing of architectural glasses is also anticipated to boost the PVD market. Moreover, environment-friendly characteristics of PVD make it a preferred choice over its substitutes. Manufacturers are increasingly using PVD techniques due to the environment-friendly properties of the PVD process along with other operational benefits. However, patent protected technology along with high investment costs are likely to hamper the expansion of the global physical vapor deposition market in the near future.