What is Global Sputtering Targets and Sputtered Films Market?
The Global Sputtering Targets and Sputtered Films Market is a fascinating and complex field that is constantly evolving. In simple terms, it refers to the market for materials used in a process called sputtering, which is a method of depositing thin films of material onto a surface. These materials, known as sputtering targets, can be made from a variety of substances, including metals, alloys, and ceramic compounds. The films that result from the sputtering process, known as sputtered films, have a wide range of applications in various industries.
Metal Targets, Alloy Targets, Ceramic Compound Targets in the Global Sputtering Targets and Sputtered Films Market:
The market for these sputtering targets and sputtered films is divided into several categories based on the type of target material. Metal targets, for example, are commonly used in the semiconductor industry, where they are used to create thin films of metal on silicon wafers. Alloy targets, on the other hand, are often used in the production of hard coatings for tools and other equipment. Ceramic compound targets are typically used in the production of electronic devices, where they can provide a range of properties including high electrical conductivity and resistance to heat and corrosion.
Semiconductor, Solar Energy, Flat Panel Display, HDD, Others in the Global Sputtering Targets and Sputtered Films Market:
The Global Sputtering Targets and Sputtered Films Market has a wide range of applications, with uses in several key industries. In the semiconductor industry, for example, sputtered films are used in the production of integrated circuits, which are the building blocks of modern electronic devices. In the solar energy industry, sputtered films are used to create thin-film solar cells, which are a more cost-effective alternative to traditional silicon solar cells. In the flat panel display industry, sputtered films are used to create the thin, transparent conductive layers found in LCD and OLED displays. In the hard disk drive (HDD) industry, sputtered films are used to create the magnetic layers that store data. Other applications of sputtering targets and sputtered films include the production of optical coatings, decorative coatings, and protective coatings.
Global Sputtering Targets and Sputtered Films Market Outlook:
The Global Sputtering Targets and Sputtered Films Market is a significant and growing market. In 2022, the market was valued at US$ 5463.8 million, and it is expected to grow to US$ 5936.6 million by 2029. This represents a compound annual growth rate (CAGR) of 0.6% during the forecast period from 2023 to 2029. The market is dominated by a small number of large manufacturers, with the top four companies accounting for nearly 50% of the market share. This indicates a high level of concentration in the market, with a few key players exerting a significant influence over market trends and developments.
| Report Metric | Details |
| Report Name | Sputtering Targets and Sputtered Films Market |
| Accounted market size in 2023 | US$ 5713.6 million |
| Forecasted market size in 2029 | US$ 5936.6 million |
| CAGR | 0.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | JX Nippon Mining & Metals Corporation, Materion, Praxair (Linde), Mitsui Mining & Smelting, Plansee SE, Konfoong Materials International Co., Ltd, Sumitomo Chemical, Hitachi Metals, ULVAC, TOSOH, GRIKIN Advanced Material Co., Ltd., LT Metal, Honeywell, Fujian Acetron New Materials Co., Ltd, TANAKA, Luvata, Longhua Technology Group (Luoyang) Co., Ltd., Umicore Thin Film Products, Changzhou Sujing Electronic Material, FURUYA Metals Co., Ltd, Advantec |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
