Global Sputtering Targets and Evaporation Materials Market, By Type (Sputtering Targets, Evaporation Materials), Sputtering Method (DC Sputtering, Reactive Sputtering, RF Sputtering, Ion Assisted Sputtering, Magnetron Sputtering, Gas Flow Sputtering, Others), Components – Vacuum Pump Vacuum Gauge, Process Gas Monitor, Leak Detector, Thin Film Measurement/Deposition Controller, Optical Process Monitor, Vacuum Valve, Parts of Ultra-High-Vacuum, Transfer Robot, Others), Evaporation Method (Thermal Evaporation, Electron-beam Evaporation, Vacuum Evaporation, Reactive Evaporation, Others), Material Type – Pure Metals, Isotope, Alloys, Compounds, Others), Sputtering Targets (Metallic and Elemental Sputtering Targets, Oxide Sputtering Targets, Alloy Sputtering Targets, Compound Sputtering Targets, Others), Application (Aerospace and Defense, Dentistry, Fine Art Materials, Agriculture, Electronics, Industrial, Energy, Optics, Others) – Industry Trends and Forecast to 2029.
Global Sputtering Targets and Evaporation Materials Market Analysis and Size
The Sputtering targets and evaporation materials market is witnessing an increase in demand due to the rise in electronics industries and growing production of electronic products such as semiconductors and computer chips to create hard-edged thin coatings for a variety of tools using alloys and ceramic targets.
- Global Sputtering Targets and Evaporation Materials Market was valued at USD 2.88 billion in 2021 and is expected to reach USD 4.17 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Sputtering Targets and Evaporation Materials Market Definition
Sputtering targets and evaporation materials are basically the target materials that are employed in various processes to deposit thin films or layers of a solid target material on a specified substrate.
Report Scope and Market Segmentation
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
By Type (Sputtering Targets, Evaporation Materials), Sputtering Method (DC Sputtering, Reactive Sputtering, RF Sputtering, Ion Assisted Sputtering, Magnetron Sputtering, Gas Flow Sputtering, Others), Components – Vacuum Pump Vacuum Gauge, Process Gas Monitor, Leak Detector, Thin Film Measurement/Deposition Controller, Optical Process Monitor, Vacuum Valve, Parts of Ultra-High-Vacuum, Transfer Robot, Others), Evaporation Method (Thermal Evaporation, Electron-beam Evaporation, Vacuum Evaporation, Reactive Evaporation, Others), Material Type – Pure Metals, Isotope, Alloys, Compounds, Others), Sputtering Targets (Metallic and Elemental Sputtering Targets, Oxide Sputtering Targets, Alloy Sputtering Targets, Compound Sputtering Targets, Others), Application (Aerospace and Defense, Dentistry, Fine Art Materials, Agriculture, Electronics, Industrial, Energy, Optics, Others) |
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Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
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Market Players Covered |
Materion Corporation (U.S.), SCI Engineered Materials (U.S.), Hitachi Metals Ltd (Japan), Ulvac, (Japan), Treibachner industrie AG (Austria), mds.umicore (Germany), Kurt J. Lesker Company (U.S.), PLANSEE SE (Austria), Furuya Metal Co., Ltd. (Japan), ABLE TARGET LIMITED (China), Sino Santech Materials Technology Co. Ltd (China), Materion Corporation (U.S.), Nichia Corporation (Japan), Grinm Advanced Materials Co., Ltd.(Japan), Soleras (Belgium) and SCI Engineered Materials (U.S.) |
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Market Opportunities |
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Sputtering targets and evaporation materials Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- High Demand
The high demand due to the rise in electronics industries and growing production of electronic products such as semiconductors and computer chips to create hard-edged thin coatings for a variety of tools using alloys and ceramic targets. Additionally, they are used in a wide range of applications in semiconductors and electronic devices which further boosts the market demand.
The growing public interest towards electronics products will further propel the growth rate of sputtering targets and evaporation materials market. Additionally, the growing popularity for sputtering targets made coatings will also drive market value growth. The growth of the decorating coatings along with their improved functionalities such as wear-resistance and corrosion resistance are projected to bolster the growth of the market.
Opportunities
- Regulations and Awareness
Furthermore, implementation of governments regulations towards electronics industries, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising awareness regarding the improved functionalities of sputtering targets and evaporation materials will further expand the future growth of the sputtering targets and evaporation materials market.
Restraints/Challenges Global Sputtering Targets and Evaporation Materials Market
- Price Volatility
The prices of evaporation materials are more volatile than those of other materials. The cost of their technical development, complex production process, and targets employed in the machine, equipment, or systems are directly related to the price of the end product. This increase will result in an increase in the final product's price. As a result, these constraints may limit the growth of the sputtering target and evaporation materials markets.
- Negative Impact of COVID
With the rising number of restrictions around the globe due to pandemic, there has been halt of production facilities of the electronics parts due to the logistics slowdown and unavailability of the workforce, which will prove to be a demerit for the sputtering targets and evaporation materials market. Therefore, this will challenge the sputtering targets and evaporation materials market growth rate.
This sputtering targets and evaporation materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sputtering targets and evaporation materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sputtering targets and evaporation materials Market
The recent outbreak of coronavirus had a negative impact on the sputtering targets and evaporation materials market. The severe disruptions in various manufacturing as well as the supply-chain operations due to the various precautionary lockdowns imposed by governments to curb the spread of disease les to huge financial setback for the market. As a result of the COVID-19 pandemic, the production of electronics parts has been halted due to a logistical bottleneck and a lack of manpower availability around the world. On the other side, non-essential items (including most electronics products) are no longer being delivered by numerous e-commerce sites around the world, which is harming the electronics industry. This will result in a significant drop in the market for sputtering targets and evaporation materials in the electronics sector, which is the largest market for sputtering targets and evaporation materials. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory.
On the brighter side, with the decline in COVID cases, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand. Therefore, the market will recover and gain growth post COVID.
Global Sputtering Targets and Evaporation Materials Market Scope
The sputtering targets and evaporation materials market is segmented on the basis of type, sputtering method, components, evaporation method, material type, sputtering targets and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Sputtering Targets
- Evaporation Materials
On the basis of type, the sputtering targets and evaporation materials market has been segmented into sputtering targets and evaporation materials.
Sputtering Method
- DC Sputtering
- Reactive Sputtering
- RF Sputtering
- Ion Assisted Sputtering
- Magnetron Sputtering
- Gas Flow Sputtering
- Others
The sputtering targets and evaporation materials market has also been segmented on the basis of sputtering method into dc sputtering, reactive sputtering, RF sputtering, ion assisted sputtering, magnetron sputtering, gas flow sputtering and others.
Components
- Vacuum Pump Vacuum Gauge
- Process Gas Monitor
- Leak Detector
- Thin Film Measurement/Deposition Controller
- Optical Process Monitor
- Vacuum Valve
- Parts of Ultra-High-Vacuum
- Transfer Robot, Others
On the basis of components, the sputtering targets and evaporation materials market is segmented into vacuum pump vacuum gauge, process gas monitor, leak detector, thin film measurement/deposition controller, optical process monitor, vacuum valve, parts of ultra-high-vacuum, transfer robot and others.
Evaporation Method
- Thermal Evaporation
- Electron-beam Evaporation
- Vacuum Evaporation
- Reactive Evaporation
- Others
On the basis of evaporation method, the sputtering targets and evaporation materials market is segmented into thermal evaporation, electron-beam evaporation, vacuum evaporation, reactive evaporation and others.
Material Type
- Pure Metals
- Isotope
- Alloys
- Compounds
- Others
On the basis of material type, the sputtering targets and evaporation materials market is segmented into pure metals, isotope, alloys, compounds and others.
Sputtering Targets
- Metallic and Elemental Sputtering Targets
- Oxide Sputtering Targets
- Alloy Sputtering Targets
- Compound Sputtering Targets
- Others
On the basis of sputtering targets, the sputtering targets and evaporation materials market is segmented into metallic and elemental sputtering targets, oxide sputtering targets, alloy sputtering targets, compound sputtering targets and others.
Application
- Aerospace and Defense
- Dentistry
- Fine Art Materials
- Agriculture
- Electronics
- Industrial
- Energy
- Optics
- Others
On the basis of application, the sputtering targets and evaporation materials market is segmented into aerospace and defense, dentistry, fine art materials, agriculture, electronics, industrial, energy, optics and others.
Sputtering Targets and Evaporation Materials Market Regional Analysis/Insights
The sputtering targets and evaporation materials market is analyzed and market size insights and trends are provided by country, type, sputtering method, components, evaporation method, material type, sputtering targets and application as referenced above.
The countries covered in the sputtering targets and evaporation materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sputtering targets and evaporation materials market because of the increasing demand from various end used industries within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth due to the demand from electronics and energy sector in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sputtering targets and evaporation materials Market Share Analysis
The sputtering targets and evaporation materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sputtering targets and evaporation materials market.
Some of the major players operating in the sputtering targets and evaporation materials market are
- Materion Corporation (U.S.)
- SCI Engineered Materials (U.S.)
- Hitachi Metals Ltd (Japan)
- Ulvac, (Japan)
- Treibachner industrie AG (Austria)
- mds.umicore (Germany)
- Kurt J. Lesker Company (U.S.)
- PLANSEE SE (Austria)
- Furuya Metal Co., Ltd. (Japan)
- ABLE TARGET LIMITED (China)
- Sino Santech Materials Technology Co. Ltd (China)
- Materion Corporation (U.S.)
- Nichia Corporation (Japan)
- Grinm Advanced Materials Co., Ltd.(Japan)
- Soleras (Belgium)
- SCI Engineered Materials (U.S.)
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