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Metal Sputtering Target Material Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Metal Sputtering Target Material Market: By Type (Pure Metal and Alloy); Application (Semiconductor, Solar Energy, Flat Panel Display); and Region)—Industry Dynamics, Market Size, Opportunity, and Forecast Until 2031

  • Published On: 31-Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0622277
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2022US$ 3,291.7 Million
Expected Revenue in 2031US$ 5,764.4 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Application, By Region
Key Companies                                                                                                              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, Other Prominent Players
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Global Metal Sputtering Target Material Market was valued at US$ 3,291.7 Mn in 2022.

Sputtering targets and evaporation material coatings are used to improve the properties of metal, semiconducting, and insulating targets in semiconductor components, displays, sensors, optics, and many other materials. 

The sputtering target market is predicted to rise due to a surge in the integration of thin-film manufacturing technologies in the digital electronics and semiconductor sectors.

Global Metal Sputtering Target Material Market is projected to expand at a CAGR of 6.56% during the forecast period 2023-2031.

The growing impetus of the market is attributed to the increasing application of sputtering targets in many end-use industries.

The presence of impurities affects the performance of sputtering targets. 

The various segmentations considered to analyze the global metal sputtering target material market are based on type, application, and region. 

The pure metals segment dominates the market in 2022. 

Flat panel display is the highest application segment in the Global Metal Sputtering Target Material Market.

Asia Pacific dominates the Global Metal Sputtering Target Material Market. 

The key players in the Global Metal Sputtering Target Material Market are JX Nippon Mining and Metals Corporation, Praxair, Plansee SE, Sumitomo Chemical, and GRIKIN Advanced Material Co. Ltd. among others.