MARKET INSIGHTS
The global Rotary Sputtering Target Market size was valued at US$ 1,520 million in 2024 and is projected to reach US$ 2,480 million by 2032, at a CAGR of 7.26% during the forecast period 2025-2032. The U.S. market accounted for 28% of global revenue share in 2024, while China is expected to witness the highest growth rate due to expanding semiconductor manufacturing capacities.
Rotary sputtering targets are specialized components used in physical vapor deposition (PVD) processes to create thin films on substrates. These cylindrical targets rotate during the sputtering process to ensure uniform material deposition and extended product life. The market comprises three primary types: Monolithic Type (accounting for 62% market share in 2024), Bonding Type, and Spray Type rotary targets, each serving distinct industrial applications.
Market growth is driven by increasing demand from semiconductor fabrication and optical coating industries, where precision thin-film deposition is critical. The transition to larger wafer sizes (300mm+) in semiconductor manufacturing has particularly boosted demand for high-performance rotary targets. Key players like Plansee and Materion are investing in advanced bonding technologies to improve target utilization rates, while Chinese manufacturers such as Fu Jian Veton New Material Technology are expanding production capacities to cater to regional demand.
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Established Manufacturers and Emerging Competitors Vie for Market Share
The global rotary sputtering target market exhibits a fragmented competitive landscape, with established material science companies competing alongside specialized manufacturers. The market is characterized by steady technological advancements and increasing applications across semiconductor, optical, and decorative coating sectors.
Able Target Limited leads the market, commanding approximately 18% revenue share in 2024 due to its comprehensive product range and strong foothold in Asia-Pacific markets. Their expertise in monolithic type targets has been particularly valuable for semiconductor applications, where precision is paramount.
Meanwhile, Plansee and Materion maintain significant presence, collectively holding around 25% market share. These companies have differentiated themselves through innovative bonding type rotary targets that offer improved deposition efficiency. Plansee’s recent investments in Europe and Materion’s strategic partnerships in North America demonstrate proactive expansion strategies.
The competitive environment is intensifying as Chinese manufacturers like Fu Jian Veton New Material Technology and Kewei rapidly expand their production capacities. These companies are increasingly competing on not just price but also technological sophistication, particularly in spray type targets used for decorative coatings.
Able Target Limited (China)
Plansee (Austria)
Vital Thin Film Materials (VTFM) (U.S.)
Materion (U.S.)
KEIHIN RAMTECH (Japan)
American Elements (U.S.)
LEAD OPTIMA (South Korea)
HST Titanium (China)
FUNCMATER (China)
Fu Jian Veton New Material Technology Co. Ltd (China)
Kewei (China)
FKT (Japan)
Monolithic Type Rotary Sputtering Target Segment Leads Market Due to Superior Structural Integrity
The rotary sputtering target market is segmented based on type into:
Monolithic Type Rotary Sputtering Target
Bonding Type Rotary Sputtering Target
Spray Type Rotary Sputtering Target
Others
By Application
Semiconductor Application Dominates Due to Increasing Demand for Thin Film Deposition
The market is segmented based on application into:
Decorative Coatings
Optical Communication and Optical Storage
Semiconductor
Vacuum Coating
Others
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FREQUENTLY ASKED QUESTIONS:
What is the current market size of Global Rotary Sputtering Target Market?
-> Rotary Sputtering Target Market size was valued at US$ 1,520 million in 2024 and is projected to reach US$ 2,480 million by 2032, at a CAGR of 7.26% during the forecast period 2025-2032.
Which key companies operate in this market?
-> Leading players include Plansee, Materion, American Elements, Able Target Limited, and Vital Thin Film Materials, with the top five holding approximately % market share in 2024.
What are the key growth drivers?
-> Primary drivers include semiconductor industry expansion, demand for advanced optical coatings, and growth in vacuum deposition technologies.
Which region dominates the market?
-> Asia-Pacific leads in market share, driven by semiconductor manufacturing in China and South Korea, while North America remains strong in R&D and high-end applications.
What are the emerging trends?
-> Emerging trends include development of high-purity targets, adoption of rotary targets for large-area coatings, and integration with Industry 4.0 manufacturing systems.
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