The Global PVD Coating Material Market was valued at USD 21.8 Billion in 2023 and is projected to reach USD 35.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period (2024–2030). This robust expansion is fueled by escalating demand from the electronics, automotive, and tooling industries, alongside the rapid adoption of advanced materials for enhanced durability, corrosion resistance, and aesthetic appeal across global manufacturing sectors.

As industries increasingly rely on high-performance coatings to improve product lifespan and functionality, the role of PVD (Physical Vapor Deposition) material suppliers has become critically important. In this blog, we profile the Top 10 Companies in the PVD Coating Material Industry—a collection of global chemical giants, specialized material scientists, and technology innovators driving the next generation of surface engineering solutions.

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🔟 1. Plansee Group

Headquarters: Reutte, Austria
Key Offering: Refractory Metal Targets (Tungsten, Molybdenum, Tantalum), Sputtering Targets

Plansee is a world leader in high-performance materials, particularly refractory metals and composites used in PVD coatings. Their products are essential for semiconductor manufacturing, aerospace components, and high-temperature industrial applications where extreme durability is required.

Innovation Initiatives:

• Advanced target bonding technologies for enhanced performance

• R&D in large-area sputtering targets for flat panel displays

• Sustainability programs for recycling refractory metals

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9️⃣ 2. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: High-Purity Sputtering Targets, Evaporation Materials, Advanced Chemicals

Materion provides engineered materials for a wide range of PVD applications, including advanced electronics, telecommunications, and defense systems. Their high-purity targets and evaporation sources meet the stringent requirements of the semiconductor and optical coating industries.

Innovation Initiatives:

• Development of ultra-high purity (99.999%+) materials

• Custom alloy formulations for specific coating properties

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8️⃣ 3. JX Nippon Mining & Metals Corporation

Headquarters: Tokyo, Japan
Key Offering: Copper, Aluminum & Alloy Sputtering Targets, High-Purity Metals

JX Nippon Mining & Metals is a key supplier to the global electronics industry, providing high-quality PVD materials for semiconductor interconnects, display electrodes, and data storage media. The company maintains a strong presence across Asian and North American markets.

Innovation Initiatives:

• Investment in next-generation semiconductor materials

• Expansion of recycling and refining capabilities for sustainable sourcing

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7️⃣ 4. Praxair Surface Technologies (Now part of Linde)

Headquarters: Danbury, Connecticut, USA
Key Offering: Thermal Spray Powders, Sputtering Targets, Evaporation Materials

As part of Linde, Praxair Surface Technologies offers a comprehensive portfolio of PVD and thermal spray materials for aerospace, industrial, and electronic applications. Their expertise in material science supports critical coating requirements for turbine blades, medical devices, and precision components.

Innovation Initiatives:

• Development of advanced thermal barrier coatings

• Integration with Linde’s gas technologies for improved deposition processes

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6️⃣ 5. ULVAC, Inc.

Headquarters: Chigasaki, Japan
Key Offering: Sputtering Targets, Evaporation Sources, PVD System Components

ULVAC is unique as both a manufacturer of PVD coating materials and the equipment used in the deposition process. This integrated approach allows for optimized material-system combinations, particularly in the display, semiconductor, and photovoltaic industries.

Innovation Initiatives:

• Co-development of materials and deposition technologies

• Focus on materials for next-generation OLED displays and solar cells

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5️⃣ 6. Heraeus Holding

Headquarters: Hanau, Germany
Key Offering: Precious Metal Targets, Sputtering Materials, Thin Film Precursors

Heraeus brings centuries of expertise in precious and special metals to the PVD coatings market. Their high-purity gold, silver, platinum, and other precious metal targets are critical for electronic contacts, decorative coatings, and specialized optical applications.

Innovation Initiatives:

• Development of innovative sputtering target geometries

• Sustainable sourcing and recycling of precious metals

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4️⃣ 7. Grinm Advanced Materials Co., Ltd.

Headquarters: Beijing, China
Key Offering: Rare Earth Targets, High-Purity Metals, Semiconductor Materials

As a subsidiary of China’s GRINM Group, this company specializes in advanced materials for the electronics industry, with a strong focus on rare earth elements and high-purity metals for semiconductor and display manufacturing.

Innovation Initiatives:

• Expansion of production capacity for semiconductor-grade materials

• R&D in materials for memory and logic devices

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3️⃣ 8. Kurt J. Lesker Company (KJLC)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Evaporation Materials, Sputtering Targets, Thin Film Deposition Materials

KJLC is a leading global supplier of high-performance materials and vacuum technology solutions. They provide a comprehensive range of PVD materials alongside deposition equipment, offering complete thin-film solutions to research institutions and industrial customers.

Innovation Initiatives:

• Development of custom material formulations for R&D applications

• Expansion of e-beam evaporation material portfolio

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2️⃣ 9. Angstrom Sciences, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Custom Sputtering Targets, Bonding Services, Target Reclamation

Angstrom Sciences specializes in the design and manufacture of custom sputtering targets for specialized applications. Their expertise in target bonding and reclamation services provides cost-effective solutions for customers requiring unique material configurations.

Innovation Initiatives:

• Advanced bonding technologies for improved target life

• Development of complex multi-material target assemblies

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1️⃣ 10. ACI Alloys, Inc.

Headquarters: Fremont, California, USA
Key Offering: High-Purity Metals, Sputtering Targets, Evaporation Sources

ACI Alloys serves the semiconductor, medical device, and research sectors with high-purity metals and custom fabricated PVD materials. Their focus on quality control and customer-specific solutions has established them as a key supplier to the North American market.

Innovation Initiatives:

• Precision machining of complex target geometries

• Development of specialty alloys for emerging applications

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🌍 Outlook: The Future of PVD Coating Materials Is Smarter and More Sustainable

The PVD coating material market is undergoing a significant transformation. While traditional metals and ceramics continue to dominate, the industry is investing heavily in advanced material formulations, nanotechnology, and sustainable production processes to meet evolving industry demands.

📈 Key Trends Shaping the Market:

• Rising demand for materials supporting AI and high-performance computing chips

• Expansion of flexible and foldable display technologies requiring specialized coatings

• Growing emphasis on recycling and material reclamation for cost and sustainability benefits

• Integration of Industry 4.0 technologies for improved material quality and traceability

Get Full Report Here:
PVD Coating Material Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for modern manufacturing—they’re enabling the technological advancements that will define the next decade of industrial innovation.