Physical Vapor Deposition (PVD) Faucet Market Size, Share, Growth, and Industry Analysis, (Bathroom Faucets, Kitchen Faucets and Others), By Application (Home, Hotels and Others) and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

PHYSICAL VAPOR DEPOSITION (PVD) FAUCET MARKET REPORT OVERVIEW

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The global physical vapor deposition (PVD) faucet market size was USD 1415.7 million in 2022 and will touch USD 1704.3 million by 2028, at CAGR of 3.1% during the forecast period.

A faucet that has undergone the specialist coating process known as Physical Vapor Deposition (PVD) is referred to as such. PVD is a technique that adds a thin layer to an object's surface to improve its strength, resistance to corrosion, and visual appeal. The production of faucets and other metal goods frequently uses this method. A variety of finishes, such as oil-rubbed bronze, brushed nickel, polished chrome, and other ornamental alternatives, are offered for PVD faucets. Compared to conventional plating techniques, the PVD process offers a more reliable and long-lasting finish.

COVID-19 Impact: Decreased Construction Activities and Change in Consumer Spending Patterns to Deteriorate the Market Sales

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Numerous locations have seen disruptions to building efforts due to lockdowns, social distancing measures, and economic uncertainty. There is a strong correlation between the demand for faucets especially those with PVD coatings and a halt in construction projects. It's possible that the pandemic's effects on consumer spending habits and economic uncertainty affected the demand for high-end goods like PVD-coated faucets. The priorities of consumers could have changed, which would affect the sales of several categories of home renovation goods.

LATEST TRENDS

"Smart Faucets Technology with Innovative Features to Enlarge the Market Share"

There has been an increase in the incorporation of smart technology into household appliances, such as faucets. Touchless controls, water-saving features, and integration with home automation systems are possible features of smart faucets. Unique and inventive treatments are becoming more and more popular, going beyond conventional finishes like brushed nickel and chrome. PVD technology makes it possible to achieve a variety of textures and finishes, from glossy to matte, which adds to a more interesting and visually appealing product assortment.

PHYSICAL VAPOR DEPOSITION (PVD) FAUCET MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into bathroom faucets, kitchen faucets and others.

Bathroom Faucets: These are little faucets that just need to have one mounting hole made in the countertop or sink. Three mounting holes are needed for the separate handles and spout of widespread bathroom faucets. Centerset faucets, which are usually made for 4-inch center drilling, integrate the spout and handles into one unit. Wall-mounted faucets provide a distinctive design feature and save up counter space.

Kitchen Faucets: Kitchen faucets with a single handle feature a single lever that controls both flow and temperature. For flexible use, these faucets come with a spray wand that may be dragged down or out. Bridge faucets are distinguished by the bridge that joins the spout to the hot and cold knobs. These faucets, which take their cue from professional kitchens, frequently have a strong design with a high-arc spout. Motion sensors are used by touchless kitchen faucets to regulate water flow, improving cleanliness.

• By Application

Based on application the global market can be categorized into hotels, home and others.

Residential Homes: Residential bathrooms frequently employ faucets with PVD coatings. Applying them to wall-mounted, widespread, and single-hole faucets gives homeowners alternatives that are both long-lasting and visually appealing. In domestic kitchens, PVD-coated kitchen faucets are rather common. The coatings provide durability and low maintenance by providing protection against corrosion and scratches.

Hotels and Hospitality: PVD-coated faucets are a popular choice for hotel guest rooms since they add to the overall visual appeal and are robust enough to endure repeated use. PVD coatings enhance the polished and sophisticated appearance of faucets in hotel lobbies, toilets, and common spaces.

Others: PVD-coated faucets are appropriate for use in cafés and restaurants' public toilets as well as commercial kitchens. They are simple to clean and offer stain resistance. PVD-coated faucets combine elegance and functionality in restroom and kitchen sections of office buildings. PVD-coated faucets offer a robust and aesthetically pleasing option that may be integrated into the design of kitchenettes or restrooms in retail establishments. PVD-coated faucets are a great addition to public toilets in airports and transportation hubs since they withstand wear and tear from heavy activity. PVD-coated faucets combine longevity and little maintenance, making them ideal for use in educational institutions. Benefits of PVD-coated faucets in healthcare environments include ease of cleaning, long-lastingness, and the possibility of anti-microbial coatings to improve cleanliness.

DRIVING FACTORS

"Durability, Wear and Corrosion Resistance to Refurbish the Market Scenario"

PVD coatings greatly increase the resilience of faucets, preventing wear, abrasion, and scratches. Particularly in high-traffic locations like public toilets and kitchens, this durability is desirable. PVD-coated faucets are very resistant to corrosion. This qualifies them for usage in areas like restrooms and kitchens where exposure to moisture, water, and different chemicals is frequent. PVD coatings resist fading and tarnishing over time, maintaining their color and look. This is especially crucial for faucets that are subjected to extreme weather or sunshine.

"Environment Friendly and Sustainability Materials to Attract the Consumers and Multiply the Market Share"

Sustainability is becoming more and more popular in a variety of industries, including home remodeling. Products manufactured using eco-friendly materials and procedures are attracting more and more attention from consumers. Compared to conventional plating techniques, PVD coatings may be more ecologically benign depending on the materials utilized. When compared to conventional plating techniques, the PVD process is said to be more ecologically friendly. It complies with growing customer demand for environmentally friendly and sustainable products since it produces less waste and uses fewer dangerous chemicals.

RESTRAINING FACTOR

"High Initial Cost and Limited Repair Options to Slow Down the Market Growth"

When compared to faucets with typical finishes, PVD-coated faucets might have a greater initial cost and are frequently regarded as premium items. The PVD process's sophisticated materials and technology add to its higher price point. Repairing PVD coatings after wear or damage can be difficult. In contrast to certain conventional finishes that are readily refinished or replated, PVD coatings could need specific care. Hence, such factors are expected to hinder the physical vapor deposition (PVD) faucet market growth during the forecast period.

PHYSICAL VAPOR DEPOSITION (PVD) FAUCET MARKET REGIONAL INSIGHTS

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"Asia Pacific to Lead the Market owing to the Availability of Skilled Labours "

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific mainly China to dominate the physical vapor deposition (PVD) faucet market share. China is a center for the production of many products, including faucets, due to its extensive and well-established industrial infrastructure. The adoption of technologies like PVD coating is facilitated by the availability of competent workforce and state-of-the-art production facilities. China is a significant faucet market, and as customer demand for long-lasting, visually beautiful goods grows, manufacturers are being forced to adapt cutting-edge coating technologies like PVD to satisfy local tastes. Chinese producers of faucets have honed their skills in incorporating cutting-edge technology. Numerous businesses have made investments in R&D to improve the features and caliber of their goods.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to physical vapor deposition (PVD) faucet to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• Kohler (U.S.)
• Hansgrohe (Germany)
• Grohe (Germany)
• California Faucets (U.S.)
• American Faucet & Coatings (U.S.)
• Delta Faucet (U.S.)
• IHI Hauzer Techno Coating (The Netherlands)
• Gerber Plumbing Fixtures (U.S.)
• Moen Incorporated (U.S.)
• T&S Brass and Bronze Works (U.S.)

INDUSTRIAL DEVELOPMENT

• September 2019: Introducing the VoiceIQ kitchen faucet, which can react to voice instructions through Google Assistant or Amazon Alexa, is what Delta did.To add VoiceIQ capabilities to already-existing Touch2O faucets, the VoiceIQ module may be installed onto any Touch2O kitchen faucet produced after 2018. The U by Moen and the Kohler Sensate with Konnect smart kitchen faucets are competitors.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.