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EVAPORATION MATERIALS MARKET ANALYSIS

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EVAPORATION MATERIALS MARKET ANALYSIS

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker   Evaporation Materials Market 2017-2025  Evaporation materials are used in the thin film precious metal coatings for           providing high purity, reproducibility, cleanliness and uniformity in coatings.         They are available in different form such as pellets, granules, starter sources,             etc. both thermal and e-beam evaporation process. Oxide, fluoride, silicide,           sulfide, nitride, carbide, boride, selenide and telluride ceramics are some of the         major evaporation materials. Moreover, precious metal, nonprecious metals,       and alloys are also used as evaporation materials. Electronics, optics, power &             energy, packaging, automotive, and aerospace are some of the major end-user         of the evaporation materials.                                                                                                    The global evaporation materials market is projected to reach around US$         2,515.9 million by the end of 2027, in terms of revenue, growing at CAGR of                 7.4% during the forecast period (2019-2027).                               

  2. Drivers  Growing focus of governments of various countries such as China and India to           promote the implementation of renewable energy is propelling market growth.         The high demand for evaporation materials from solar panel manufacturers is           estimated to foster the growth rate of the global evaporation materials market.               Moreover, growing demand for thin-film solar panels is also expected to foster         the market the growth of evaporation materials over the forecast timeframe.                                                                    Growing automotive refinish coatings market is expected to augment the       market growth of evaporation materials as these materials are widely used         across the automotive industry for depositing the coating layer into the           automobile. According to the American Coatings Association, the automotive         refinish coatings segment of the industry is the largest in the U.S., bringing with           it a value of $2 billion in 2014 data. Therefore, growing automotive refinish                   coatings will favor market growth over the forecast period.                                                                              On basis of the region, Asia Pacific region dominated the global ​evaporation               material market​, in 2018, accounting for ​49% share in terms of volume,         followed by North America and Europe respectively.                            Figure 1. Global Evaporation Materials Market, Revenue Share (%), By  Region, 2018   

  3.   Market Restraints  Issues associated with the evaporation materials such as difficulties in         evaporation rate control of finished products is projected to restrict the market           growth of evaporation materials. The quality of evaporation material coatings           completely depends on the evaporation rates of materials that need to be         controlled carefully in order to produce efficiency in coatings. Therefore, such           issues are expected to hinder the market growth of evaporation materials.                                                                  The fluctuating cost of evaporation materials as compared to those of materials           used in other vapor deposition technology is expected to hinder the market           growth. Many industries are looking for alternative applications for promoting           sustainable profitability. This the factor will impact the market growth         negatively to some extent over the forecast period.                                                    Market Opportunities  Rising applications of evaporation materials from decorative high precision         coatings, corrosion-resistant coatings, low friction coatings, and wear-resistant       coatings are projected to provide opportunities to the market of evaporation           materials in the near future. Moreover, the growing demand for evaporation           materials from the life sciences and chemical industry is gaining traction in the             market and this is projected to continue to support the growth of the             evaporation materials market in the near future.                                                                          Expanding opportunities to the market of evaporation materials over the forecast period.           According to The Economic Times, The country's chemical industry is expected             to grow at around 9% per annum to reach US$ 304 billion by 2025, from US$                 163 billion in 2018. Therefore, the growing chemical industry is expected to             foster the market growth of evaporation chemical over the forecast period.    chemical   industry   is   expected   to   offer       numerous     growth                                                  

  4.       Figure 2. Global Evaporation Materials Market– Opportunity Analysis    Market Trends  Growing partnerships among major players in order to expand product offerings         and expand their presence is expected to augment the market growth of the           evaporation materials. For instance, in November 2019, Indium Corporation, a           premium materials manufacturer and supplier of electronics assembly       materials, and Mycronic, a global leader in dispensing and jet printing           equipment, have formed a strategic partnership for the development of           no-clean and water-soluble solder pastes for jetting applications.                                                                          Increasing focus of manufacturers to adopt smart strategies such as mergers           and acquisitions for obtaining a competitive edge in the market is expected to           foster market growth over the forecast period. For instance, in April 2019, G           Chem has acquired DuPont’s technology         light-emitting diodes (OLEDs). These OLED displays are produced by depositing         materials via vacuum thermal evaporation, whereas soluble OLEDs can be         deposited with inkjet printing technology.                                        soluble             related     to     organic                        

  5.       Figure 3. Global Evaporation Materials Market, Revenue Share (%), By  Application, in 2018    On the basis of application, in 2018, electronics segment has accounted the               largest market share of 48% in terms of value, followed by power & energy and               others respectively.                            Figure 4. Global Evaporation Materials Market – Value Chain Analysis 

  6.   Competitive Section  Key players operating in the global evaporation materials market includes             Materion Corporation, Umicore Group, ULVAC, Inc., Nichia Corporation, China         Rare Metal Material Co., Ltd., GRIKIN Advanced Materials Co., Ltd., Canon           Optron Inc., Plasmaterials Inc., Process Materials, Inc., The Kurt J. Lesker         Company, Aida Chemical Industries Co., Ltd.                                                  1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference

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