Sputtering Target Market: Global Industry Analysis and Forecast (2022-2027) Trends, Statistics, Dynamics, Segmentation and Region

Sputtering Target Market size was valued nearly US$ 3.32 Bn. in 2021 and is expected to grow at a CAGR of 5.63 % over 2022-2027, to account for US$ 4.87 Bn. in 2027.

Sputtering Target Market Overview and Dynamic:

Sputtering Targets are materials used in the vapor deposition process to produce thin films on substrates. Substrate materials are the objects which will be coated, and they can include solar cells, semiconductor wafers, and optical components, among other things. Sputtering Target Market To know about the Research Methodology :- Request Free Sample Report During the year 2021-2027, the consumer electronics sector is predicted to grow, boosting the sputtering target market. An increase in sputtering targets in the production of electronic devices such as optical media, liquid crystal displays (LCDs), magnetic media, and rising demand for consumer electronics, is expected to boost the global market. The market will benefit from various growth prospects provided by the expanding electronic sector. According to the Retailers Association of India, electronic gear production in India increased from US$ 72 billion in FY19 to US$ 89.38 billion in FY20 (RAI). By FY24, India's demand for electronics gear is expected to reach $400 billion. On the flip side, the availability of alternatives to the sputtering process may hinder the market, limiting its use in extreme environments. The global sputtering target market is expected to be restrained by several alternatives to sputtering procedures, including thermal evaporation, EMI shielding, and laser cladding methods. Sputtering cannot be used in some applications due to the risk of damaging the substrate or electronics; in these circumstances, laser cladding is used. When it comes to the substrate or device, laser cladding is entirely safe.

Market Trends:

The MMR report covers all the trends and technologies playing a major role in the growth of the sputtering targets market over the forecast period. Such as,  The market for flat panel displays (FPDs), particularly OLED display panels, is expanding.  Transition metal alloy sputter targets for thin-film batteries and organic light-emitting diodes have been improved.  Demand for transparent conductive films in solar cells is on the rise.

Sputtering Target Market Segmentation:

The MMR report covers all segments in the Sputtering Target market such as Type, Material and Application. Based on the Application, the Semiconductor is projected to grow at the highest CAGR of 6.4% to reach US$ XX Bn. by 2027. Sputtering is a good technique for depositing thin coatings on flat substrates in the semiconductor industry. Sputtering has been used in a variety of industries, including the semiconductor industry and others. It is used in the semiconductor industry to deposit aluminium oxide as an insulator between transistor gate metal layers. It requires quick and high-purity, high-quality materials, which are employed for quick and high-purity, high-quality materials. The semiconductor business is a constantly changing field. This industry has high standards for product purity, quality, and repeatability, which drives the demand for sputtering targets. Sputtering Target Market

Sputtering Target Market Reginal Analysis:

APAC accounted for the largest market share in 2021, with a market value of US$ XX Bn; the regional market is expected to register a CAGR of 6.43% during 2022-2027. Thanks to the presence of prominent market players, technical developments, and the rise of the semiconductor and automotive sectors in the region, the sputtering target market in Asia Pacific is likely to grow during the forecast period. Because of the huge increase in demand for consumer electronics products, the sputtering target market in Asia Pacific is expected to grow even further. In addition, advances in electronics and a faster rate of adoption of modern technology are expected to propel the Asia Pacific market to a value of US$ XX.59 billion by 2031. Thanks to the existence of a large number of manufacturers manufacturing sputtering targets, the sputtering target market in North America is expected to grow at a substantial CAGR of 5.9 % during the forecast period. Competitive Landscape: Companies are involved in adopting sustainable strategies to gain competitive edges such as new product launch, product up gradation and collaborative agreements. For examples,  In Nov 2020, Mitsubishi Chemical Corporation has agreed to transfer its light metal products business to Konfoong Materials International Co., Ltd. and KFMI Group firm TCPR (Shanghai) Electro-Mechanical High-Tech Co., Ltd. This acquisition was made to help manage the company's sputtering target materials for semiconductors and liquid crystal displays portfolio.  In Jan 2021, Mitsubishi Corporation has started mass production of a new sputtering target (DIABLA) for blackening films. The objective of the report is to present a comprehensive analysis of the global Sputtering Target Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Sputtering Target Market dynamic, structure by analyzing the market segments and projecting the Sputtering Target Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Sputtering Target Market make the report investor’s guide.

Sputtering Target Market Scope: Inquiry Before Buying

Sputtering Target Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.32 Bn.
Forecast Period 2022 to 2027 CAGR: 5.63 % Market Size in 2027: US $ 4.87 Bn.
Segments Covered: by Type • Single-pole Sputtering Target • Multi-pole Sputtering Target
by Material • Pure Metal Targets • Alloy Targets • Compound Targets
by Application • Optical Disk • Solar Cells • Hard Coatings • Flat Panel Displays • Semiconductor • Optical Communications

Sputtering Target Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Sputtering Target Market Key Players

• Honeywell International, Inc. • Heraeus Holding GmbH • Hitachi Metals • JX Nippon Mining & Metals Corporation • Kamis Incorporated • Konfoong Materials International Co., Ltd. • Buhler Leybold Optics • Matsurf Technologies Inc. • Mitsubishi Corporation • Praxair International, Inc. • Sumitomo Chemicals Co., Ltd. • Testbourne Ltd. • Tosoh Corporation • ULVAC, Inc. • Vacuum Engineering and Materials Co Frequently Asked Questions: 1] What segments are covered in the Sputtering Target Market report? Ans. The segments covered in the Sputtering Target Market report are based on Type, Application, and Material. 2] Which region is expected to hold the highest share in the Sputtering Target Market? Ans. APAC region is expected to hold the highest share in the Sputtering Target Market. 3] What is the market size of the Sputtering Target Market by 2027? Ans. The market size of the Sputtering Target Market by 2027 is US$ 4.87 Bn. 4] What is the forecast period for the Sputtering Target Market? Ans. The forecast period for the Sputtering Target Market is 2022-2027. 5] What was the market size of the Sputtering Target Market in 2021? Ans. The market size of the Sputtering Target Market in 2021 was US$ 3.32 Bn.
1. Global Sputtering Target Market: Research Methodology 2. Global Sputtering Target Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sputtering Target Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sputtering Target Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Sputtering Target Market Segmentation 4.1. Global Sputtering Target Market, By Type (2020-2027) • Single-pole Sputtering Target • Multi-pole Sputtering Target 4.2. Global Sputtering Target Market, By Material (2020-2027) • Pure Metal Targets • Alloy Targets • Compound Targets 4.3. Global Sputtering Target Market, By Application (2020-2027) • Optical Disk • Solar Cells • Hard Coatings • Flat Panel Displays • Semiconductor • Optical Communications 5. North America Sputtering Target Market (2020-2027) 5.1. North America Sputtering Target Market, By Type (2020-2027) • Single-pole Sputtering Target • Multi-pole Sputtering Target 5.2. North America Sputtering Target Market, By Material (2020-2027) • Pure Metal Targets • Alloy Targets • Compound Targets 5.3. North America Sputtering Target Market, By Application (2020-2027) • Optical Disk • Solar Cells • Hard Coatings • Flat Panel Displays • Semiconductor • Optical Communications 5.4. North America Sputtering Target Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Sputtering Target Market (2020-2027) 6.1. European Sputtering Target Market, By Type (2020-2027) 6.2. European Sputtering Target Market, By Material (2020-2027) 6.3. European Sputtering Target Market, By Application (2020-2027) 6.4. European Sputtering Target Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sputtering Target Market (2020-2027) 7.1. Asia Pacific Sputtering Target Market, By Type (2020-2027) 7.2. Asia Pacific Sputtering Target Market, By Material (2020-2027) 7.3. Asia Pacific Sputtering Target Market, By Application (2020-2027) 7.4. Asia Pacific Sputtering Target Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sputtering Target Market (2020-2027) 8.1. Middle East and Africa Sputtering Target Market, By Type (2020-2027) 8.2. Middle East and Africa Sputtering Target Market, By Material (2020-2027) 8.3. Middle East and Africa Sputtering Target Market, By Application (2020-2027) 8.4. Middle East and Africa Sputtering Target Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Sputtering Target Market (2020-2027) 9.1. South America Sputtering Target Market, By Type (2020-2027) 9.2. South America Sputtering Target Market, By Material (2020-2027) 9.3. South America Sputtering Target Market, By Application (2020-2027) 9.4. South America Sputtering Target Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Honeywell International, Inc 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Heraeus Holding GmbH 10.3. Hitachi Metals 10.4. JX Nippon Mining & Metals Corporation 10.5. Kamis Incorporated 10.6. Konfoong Materials International Co., Ltd. 10.7. Buhler Leybold Optics 10.8. Matsurf Technologies Inc. 10.9. Mitsubishi Corporation 10.10. Praxair International, Inc. 10.11. Sumitomo Chemicals Co., Ltd. 10.12. Testbourne Ltd. 10.13. Tosoh Corporation 10.14. ULVAC, Inc. 10.15. Vacuum Engineering and Materials Co

About This Report

Report ID 102381
Category Electronics
Published Date May 2021
Updated Date April 2022
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