Sputtering Targets And Evaporation Materials Market: By Sputtering Method, By Evaporation Method, By Material Type, By Application, and Region Forecast 2019-2030
Sputtering Targets And Evaporation Materials Market size was valued at US$ x million in 2023 and is poised to grow at a significant of 2.5% CAGR from 2024-2030. Substantial applications in varied end-user industries, government support for solar power initiatives, high growth in emerging economies, and technological advancements are some key factors fostering market growth. However, fluctuating prices of raw materials and presence of substitute products such as functional printing and 3D printing are hampering the market growth. Due to the high vacuum condition employed by evaporation, evaporation materials produce very high-quality coatings when compared to sputtering targets and chemical vapor deposition. In addition, as compared to sputtering targets, evaporation materials achieve extremely high film deposition speeds. As the film is formed, there is also less damage to the substrate surface produced by impinging atoms. Sputtering, on the other hand, causes greater harm because it uses high-energy particles. In evaporation materials, there is also less of a chance of inadvertent substrate heating.
These evaporation materials' application advantages are propelling the worldwide evaporation materials market forward. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global market to better equip clients with possible investment opportunities across the regions (regional Investment hot spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global sputtering targets & evaporation materials products.
Study Period
2024-2030Base Year
2023CAGR
2.5%Largest Market
Asia PacificFastest Growing Market
North America
Sputtering targets are available in the form of customized alloys and as ceramic sputtering targets with individual chemistry or as precious metals and non-precious metals sputtering targets. Sputtering targets, are manufactured with wide a range of shapes and sizes, with a verity purity levels, allowing customers to match targets to their specific requirement. Sputtering targets and evaporation material coatings are applied across a wide range of materials in semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and many more for enhancing the properties of metal targets as well as semiconducting or insulating targets. Hence, the growth of this market is driven by increasing demand from end-user industries such as electronics, energy, industrial, optics and so on.
Asia Pacific accounted for larger revenue share in global sputtering targets & evaporation materials market with considerable CAGR due to increasing demand from end user industries and rising demand from electronics and energy sector. Also, China and Japan are the main contributors for the growth of the market in this region as they are the major producers of electronic devices and semiconductors, which is one of the major applications of sputtering target and evaporation materials.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
2.5% |
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By Sputtering Method |
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By Evaporation Method |
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By Material Type |
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By Application |
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The global sputtering targets evaporation materials market size was valued at US$ x million in 2023 and is projected to grow at a CAGR of 2.5% from 2024 to 2030.
The sputtering targets evaporation materials market key players are: Able Target Limited ACI Alloys Inc Advantec Company Ltd American Elements China Leadmat Advanced Material Co. Ltd Evo Chem Advanced Materials GMBH Furuya Metal Co. Limited International Advanced Materials Plansee SE Plasmaterials Inc Soleras Advanced Coatings
The sputtering targets evaporation materials market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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