Copper Sputtering Target Market: Global Industry Analysis and Forecast (2023-2029) Trends, Statistics, Dynamics, Segmentation by Product Type, Application, and Region

The Global Copper Sputtering Target Market size was valued at USD 1.3 Bn. In 2022, the total Copper Sputtering Target revenue is expected to grow by 6.11 % from 2023 to 2029, reaching nearly USD 1.97Bn.
Copper Sputtering Target Market Overview
Sputtering is a technology capable of depositing thin films from a wide variety of materials onto diverse substrate shapes and sizes. The sputtering targets are involved in the production of semiconductors and computer chips. Copper Sputtering Target is a material used to produce thin film coating. The rising use of copper as a sputtering target for semiconductors chips significantly boosts the market growth. The renewable energy sector, particularly solar energy, offers lucrative opportunities for the copper-sputtering target market due to the increasing global focus on renewable energy sources the demand for Copper Sputtering Targets in solar cell manufacturing is rising rapidly Volatility in Copper Prices is expected to hamper the market growth. Copper prices are subject to market fluctuations and can be influenced by factors such as global supply and demand dynamics, and macroeconomic conditions. Increases in copper prices can impact the profitability of copper-sputtering target manufacturers and make it more expensive for end-users to procure these targets.To know about the Research Methodology :- Request Free Sample Report
Copper Sputtering Target Market Dynamics
The growing electronics Industry drives the market growth

Copper is mainly used in the fabrication of semiconductors and printed circuit boards. Copper sputtering targets primarily utilize to coat electronic components and electronic instruments. Copper is having high electrical conductivity therefore it is used in high-resolution TFT-LCD television sets and other multiple electronic devices. The sputtering targets play an important role in display technologies such as flat displays and touchscreens. Due to copper fine and grained microstructure, it is offering benefits from uniform erosion and low particle information during sputtering. The rising demand for smartphones, tablets, television, and other devices boosts the demand for copper-sputtering targets. The continuous advancement of electronic devices and increasing demand for copper-sputtering targets are expected to drive the growth of the global market

Increased use of semiconductors boosts the market growth

Copper is used as a sputtering target for the semiconductor industry. Semiconductors play a very major role in all devices such as sensors, connectors, automotive and electronic gadgets. The automotive sector rapidly growing due to the adoption of advanced technologies such as electric vehicles and hybrid vehicles and automated vehicles which need high-quality semiconductors therefore demand for semiconductors rapidly growing in the automotive industry and this factor significantly accelerates demand for copper sputtering. Also, sputtering targets help to reduce transistor size and it is reactivity with oxygen and other natural elements which can improve the lifetime of the electronic device. The semiconductor needs high-quality sputtering targets which are highly stable and lower power users and fast processing. So, copper sputtering is the best option for the semiconductor industry.

Competition from alternative materials hampers the market growth

Copper is widely used in sputtering targets but there are multiple alternative materials available for sputtering targets such as nickel, tungsten oxide, titanium, platinum aluminum, Zinc, tin, and silver. All metal sputtering offers advantages such as copper. For example, Alternatives material such as aluminum is used by the semiconductor industry for interconnectors and conductive layers. The sputtering targets offer attractive options for the combination of high-quality films with tailored properties. Additionally, advancements in nanotechnology and additive manufacturing techniques are expected to offer alternative methods for depositing copper layers, potentially affecting the demand for traditional sputtering targets. Therefore, the Copper Sputtering Target market may be restrained by the availability and adoption of such other metal alternatives and methods

Growing demand for miniaturization creates lucrative growth opportunities

Miniaturization is the trend to manufacture electronic products and devices. Miniaturization mainly includes mobile phones and computers as well as vehicle engine downsizing. Electronics and semiconductors are seeing miniaturization this factor drives the copper sputtering market. Integrated circuits, semiconductors, and other electronic components need copper targets to deposit thin films. Sputtering processes are becoming increasingly important as devices become smaller and more sophisticated. Miniaturization techniques develop integrated circuit packages which are largely used in semiconductors and electronic devices. Miniaturization helps to minimize the cost and long life of the device. Therefore growing demand for Miniaturization creates ample growth opportunities for Copper Sputtering Target Market.

COVID-19 Impact on Copper Sputtering Target Market

COVID-19 significantly affected the global market. During the pandemic supply chain of the global market was totally disturbed so it is leading shortage of copper sputtering targets this factor largely impacted the electronic as well as the semiconductor industry. The shortage of raw materials leads to delays in the production process. The pandemic has had a negative impact on the market such as a decline in demand for electronic devices which gradually affect the Sputtering Target Market. Also, the investment in the Copper Sputtering Target market is quite low throughout the pandemic. The COVID-19 pandemic largely affected the Copper Sputtering Target Market. The market is significantly growing after the pandemic due to the growth of the semiconductor industry.
Competitive Landscape:
The global Copper Sputtering Target Market is highly competitive. The key players in the market are JX Nippon Mining & Metals Corporation, Tosoh SMD, Inc., Honeywell International Inc., Praxair Technology, Inc., Kurt J. Lesker Company, Plansee SE, American Elements, Testbourne Ltd, Vacuum Engineering and Materials Co, Safina Materials Inc., and Materion Corporation.

JX Nippon Mining & Metals Corporation: This is a company engaged in Copper Sputtering Target manufacturing. The company has a broad line-up of sputtering targets for semiconductor devices and displays. The company provides high-quality products. The company expands its business in the United States to create sputtering targets for semiconductors. The company owned land in the US. The key players in the Copper Sputtering Target Market are largely focusing on the expansion, of the product portfolio and regional expansion.
Copper Sputtering Target Market Segment Analysis:
Based on the Application, the Semiconductor segment significantly dominate the market in the year 2022. To create a thin film on the surface of semiconductor wafers the copper sputtering targets are used. Due to high electrical conductivity copper is used in interconnects. Copper sputtering targets are an important tool for the semiconductor industry because copper has a low melting point which makes it easy to deposit in a thin layer. Copper is available in high purity, low purity, and ultra-high purity. High-purity copper is utilized in semiconductor applications. Moreover, in the semiconductor industry, copper sputtering targets are also used in a variety of other industries, such as solar cells, flat panel displays, and medical device manufacturing. The growth of these industries is also expected to drive demand for copper-sputtering targets. The Solar cells segment is expected to fastest growth during the forecast period. Increasing installation of solar energy system significantly boost the demand for solar cells which drives the growth of Copper Sputtering Target.
Regional Insights
Asia Pacific significantly dominates the Copper Sputtering Target Market in the year 2022. Sputtering targets made of copper are widely produced and used in the Asia Pacific. The countries such as China, Taiwan Korea Japan are considered hubs for electronics and semiconductors therefore the Asia Pacific region drives the demand for Copper sputtering targets. Also increasing demand for electronic devices such as mobile, laptops, and computers is expected to boost the demand for Copper Sputtering Target in India. North America is the fastest-growing market for Copper Sputtering targets due to advanced technology and high investment in research and development activities also increasing applications in electric vehicles and solar energy generation creates lucrative growth opportunities for the Copper Sputtering Target Market growth. The US is a major producer of Copper Sputtering Targets in the region.
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Copper Sputtering Target Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.3 Bn.


Forecast Period 2023 to 2029 CAGR:
6.11%
Market Size in 2029:
US $ 1.97 Bn.


 Segments Covered:
by Product Type
1. Low Purity
2. High Purity
3. Ultra-High Purity


by Application
1. Semiconductors
2. Solar cells
3. LCD Displays
4. Optical Applications
5. Others



Copper Sputtering Target Market by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Copper Sputtering Target Market Key Players
1. JX Nippon Mining & Metals Corporation
2. Tosoh SMD, Inc.
3. Honeywell International Inc.
4. Praxair Technology, Inc.
5. Kurt J. Lesker Company
6. Plansee SE
7. American Elements
8. Testbourne Ltd
9. Vacuum Engineering and Materials Co
10. Safina Materials, Inc
11. Materion Corporation

Frequently Asked Questions:

1] What segments are covered in the Global Copper Sputtering Target Market report?
Ans. The segments covered in the market report are based on Product Type, Application, and Region.

2] Which region is expected to hold the highest share in the Global Copper Sputtering Target?
Ans. The Asia Pacific region is expected to hold the highest share of the market.

3] What is the market size of the Global Copper Sputtering Target Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 1.97 Bn.

4] What is the forecast period for the Global Copper Sputtering Target Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size of the Global Copper Sputtering Target Market in 2021?
Ans. The market size of the market in 2021 was valued at US$ 1.2 Bn.