Metal Sputtering Target Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global metal sputtering target market was valued at approximately USD 2.5 billion in 2022 and is projected to reach around USD 3.9 billion by 2027. This growth represents a Compound Annual Growth Rate (CAGR) of about 9.5% over the forecast period. The increasing demand for electronic devices, advancements in technology, and the growing use of sputtering targets in the semiconductor and photovoltaic industries are driving this expansion. The rise in applications of sputtering targets in advanced materials and the electronics sector highlights the growing need for high-performance targets, fueling the market's upward trajectory.
Emerging markets, particularly in Asia-Pacific regions, are expected to offer significant growth opportunities due to rapid industrialization, increasing manufacturing capabilities, and expanding technological infrastructure. Additionally, the shift towards renewable energy technologies, such as solar panels, is anticipated to create new avenues for market development. With ongoing advancements in materials science and technology, the market is likely to experience substantial growth, driven by innovations in sputtering target materials and applications.
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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
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Metal Sputtering Target Market
Semiconductor
Solar Energy
Flat Panel Display
Others
Based on Types the Market is categorized into Below types that held the largest Metal Sputtering Target market share In 2023.
Purity Metal Target
Alloy Target
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Metal Sputtering Target Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Metal Sputtering Target Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Metal Sputtering Target Market, By Type
6. Global Metal Sputtering Target Market, By Application
7. Global Metal Sputtering Target Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Metal Sputtering Target Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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