What is Global Precious Metal Sputtering Targets Market?
The Global Precious Metal Sputtering Targets Market is a specialized sector that focuses on the production and distribution of precious metal targets used in sputtering, a common method for depositing thin films of material onto surfaces. These targets are made from precious metals such as gold, silver, and platinum, among others. The market is a crucial component of various industries, including semiconductors, solar energy, and LCD flat panel displays. The value of this market was estimated at US$ 279.6 million in 2023 and is projected to nearly double by 2030, reaching a value of US$ 479.1 million. This represents a compound annual growth rate (CAGR) of 7.9% during the forecast period from 2024 to 2030.
Gold Target, Sliver Target, Platinum Target, Others in the Global Precious Metal Sputtering Targets Market:
The Global Precious Metal Sputtering Targets Market is segmented based on the type of precious metal used. Gold targets held the largest market share in 2019, accounting for 44.07% of the total revenue. Gold is a highly conductive and corrosion-resistant metal, making it an ideal material for sputtering targets in various applications. Silver targets are also widely used due to their high electrical and thermal conductivity. Platinum targets, on the other hand, are valued for their exceptional resistance to corrosion and high melting point. Other types of precious metal targets are also available to cater to specific industry needs.
Semiconductor, Solar Energy, LCD Flat Panel Display, Others Flat Panel Display in the Global Precious Metal Sputtering Targets Market:
The Global Precious Metal Sputtering Targets Market serves a wide range of industries. In the semiconductor industry, precious metal targets are used in the fabrication of integrated circuits and other electronic components. The solar energy industry also relies on these targets for the production of thin-film solar cells. In the LCD flat panel display industry, precious metal targets are used to deposit thin layers of metal onto glass substrates to create high-quality displays. Other industries also utilize these targets for various applications, further driving the growth of the market.
Global Precious Metal Sputtering Targets Market Outlook:
Looking at the market outlook, the Global Precious Metal Sputtering Targets Market is set for significant growth. In 2023, the market was valued at US$ 279.6 million. By 2030, it is expected to reach US$ 479.1 million, marking a substantial increase. This growth is projected to occur at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2030. In 2019, gold targets dominated the market, contributing 44.07% to the total revenue. This dominance is expected to continue, further propelling the market's expansion.
| Report Metric | Details |
| Report Name | Precious Metal Sputtering Targets Market |
| Accounted market size in 2023 | US$ 279.6 million |
| Forecasted market size in 2030 | US$ 479.1 million |
| CAGR | 7.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, ULVAC, Materion (Heraeus), GRIKIN Advanced Material Co., Ltd., TOSOH, Ningbo Jiangfeng, Heesung, Luvata, Fujian Acetron New Materials Co., Ltd, Changzhou Sujing Electronic Material, Luoyang Sifon Electronic Materials, FURAYA Metals Co., Ltd, 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 |
