What is Global Metal Sputtering Target Market?
The Global Metal Sputtering Target Market is a vast and dynamic sector that deals with the production and distribution of metal sputtering targets. These targets are essentially thin films of metal or alloy that are used in a variety of industries for coating or deposition processes. The market is global in nature, meaning it encompasses the production and distribution of these targets across the world. The metal sputtering target market is influenced by a variety of factors, including technological advancements, demand and supply dynamics, and the economic environment of various regions. The market is also segmented based on the type of metal used, the application of the target, and the region in which it is produced and distributed.
Metal Target, Alloy Target in the Global Metal Sputtering Target Market:
The Global Metal Sputtering Target Market is further divided into two main categories: Metal Target and Alloy Target. A Metal Target is a pure metal sputtering target, while an Alloy Target is a target that is made up of a combination of two or more metals. The choice between a Metal Target and an Alloy Target depends on the specific requirements of the application for which the target is being used. For instance, Alloy Targets are often used in applications that require a higher level of durability and resistance to wear and tear. On the other hand, Metal Targets are typically used in applications that require a high level of purity and consistency.
Semiconductor, Solar Energy, Flat Panel Display, Others in the Global Metal Sputtering Target Market:
The Global Metal Sputtering Target Market finds its usage in a variety of areas. One of the primary areas is the semiconductor industry, where metal sputtering targets are used in the production of semiconductors. These targets are used to deposit thin layers of metal onto the semiconductor material, which is a crucial step in the manufacturing process. Another significant area of usage is the solar energy industry. Here, metal sputtering targets are used in the production of thin-film solar cells. These cells are made by depositing a thin layer of a photovoltaic material onto a substrate, and metal sputtering targets are used in this deposition process. The flat panel display industry also makes use of metal sputtering targets. These targets are used in the production of flat panel displays, which are used in a variety of electronic devices such as televisions, computer monitors, and smartphones. Other areas of usage include the production of optical coatings, magnetic media, and decorative coatings.
Global Metal Sputtering Target Market Outlook:
The Global Metal Sputtering Target Market has shown significant growth in recent years. In 2023, the market was valued at US$ 3395.8 million. However, it is expected to reach a value of US$ 5704.6 million by 2030, which represents a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for metal sputtering targets in various industries, particularly the semiconductor and flat panel display industries. In 2019, the top 10 manufacturers in the market accounted for 68.12% of the global revenue share. The semiconductor segment accounted for about 38.93% of the revenue share in the same year, followed by the flat panel display segment, which accounted for about 35.56%.
| Report Metric | Details |
| Report Name | Metal Sputtering Target Market |
| Accounted market size in 2023 | US$ 3395.8 million |
| Forecasted market size in 2030 | US$ 5704.6 million |
| CAGR | 7.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Materion (Heraeus), JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Hitachi Metals, Honeywell, Mitsui Mining & Smelting, Sumitomo Chemical, ULVAC, TOSOH, Ningbo Jiangfeng, Heesung, Luvata, Fujian Acetron New Materials, Changzhou Sujing Electronic Material, Luoyang Sifon Electronic Materials, GRIKIN Advanced Material, FURAYA Metals, Advantec, Angstrom Sciences, Umicore Thin Film Products |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
