Copper Sputtering Target Market Size & Share, Application (Semiconductors, Solar Cells, LCD Displays; End use; Type; Purity Level - Global Supply & Demand Analysis, Growth Forecasts, Statistical Report 2025-2037

  • Report ID: 7359
  • Published Date: Mar 21, 2025
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Copper Sputtering Target Market size was valued at USD 1.1 billion in 2024 and is projected to reach USD 2.1 billion by the end of 2037, rising at a CAGR of 5.8% during the forecast period, i.e., 2025-2037. In 2025, the industry size of copper sputtering target is evaluated at USD 1.2 billion. 

The rising demand for semiconductors and integrated circuits is one of the primary reasons for the growth of the copper sputtering target market. Copper is widely used in integrated circuits and semiconductors, replacing aluminum due to its superior electrical conductivity, low power consumption, and increased processing speeds. With the rapid development of technologies such as AI chips, 5G networks, and cloud computing, the semiconductor industry is experiencing significant expansion. This drives the need for high-quality copper films used in integrated circuits.

The global push towards renewable energy sources has resulted in rapid growth in the solar PV sector. Copper sputtering targets are used in the manufacturing of thin film solar cells, which are pivotal for converting sunlight into electricity efficiently. Moreover, the rising focus on renewable energy and government incentives for solar power projects drive the production of solar panels, thereby bolstering the demand for high-quality copper sputtering targets.


Copper Sputtering Target Market Size
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Copper Sputtering Target Market: Growth Drivers and Challenges

Growth Drivers

  • Growth of consumer electronics and advanced display technologies: The rising demand for smartphones, laptops, tablets, and gaming consoles increases the need for copper-based thin films in printed circuit boards (PCBs). The rising trend in wearable technology, foldable and flexible electronics, and AR/VR create new opportunities for high-quality, precise copper coatings. For instance, a notable recent example illustrating the expansion of consumer electronics and advanced display technologies is Samsung’s newly developed display concept in March 2025. The company unveiled a stretchable screen, a foldable gaming console, and a TV that folds to fit into a briefcase.
  • Deployment of 5G and AI technology: The widespread adoption of 5G networks and the development of AI applications necessitate advanced electronic infrastructure. This infrastructure relies heavily on high-performance electronic components driving the demand for copper sputtering targets. According to a 2023 report published by IEEE International Roadmap for Devices and Systems, using AI and IoT has brought innovation to the semiconductor industry.  The integration of IoT can turn ordinary objects into smart devices and enhance economic opportunities. Furthermore, the integration of AI and IoT is expected to generate revenue of USD 3.9 trillion to USD 11.1 trillion by 2025.

Challenges

  • High purity copper supply constraints and price volatility: The production of high purity i.e., 99.9% or 5N copper sputtering targets requires refined raw materials, which are limited and expensive. Copper prices are highly volatile due to fluctuations in mining output, geopolitical factors, and global demand from industries like EVs and construction. Additionally, supply chain disruptions due to geopolitical tensions, trade restrictions, and raw material shortages affect manufacturing and hamper stable pricing.
  • Performance and waste management issues in thin film deposition: Copper sputtering targets tend to wear unevenly, leading to material waste and inconsistent film thickness, impacting semiconductor and electronics manufacturing. Recycling using targets is challenging due to contamination and the complexity of recovering high-purity copper. Thus, improving target utilization efficiency and developing new recycling technologies are crucial to reducing costs and environmental impact.

Base Year

2024

Forecast Year

2025-2037

CAGR

5.8%

Base Year Market Size (2024)

USD 1.1 billion

Forecast Year Market Size (2037)

USD 2.1 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Copper Sputtering Target Segmentation

Application (Semiconductors, Solar Cells, LCD Displays)

Semiconductor segment is projected to account for copper sputtering target market share of more than 48.5% by the end of 2037, due to the growing demand for high-performance chips in AI, 5G, and automotive electronics. The demand for semiconductors is increasing due to their wide applications, and are the most in-demand product. The OEC Report reveals that semiconductor devices were the world's 21st most traded product in 2023, with a total trade value of USD 155 billion. As semiconductor manufacturers transition to smaller nodes, i.e., 3nm and below, high-purity copper is becoming essential for interconnects and advanced packaging. The rise of chiplet designs and heterogeneous integration is further increasing the need for precise thin film deposition using copper sputtering.

The trend toward miniaturization is transforming electronic devices into smaller, portable, and more powerful, thus increasing the demand for semiconductors. Top manufacturing firms are competing to develop miniature semiconductor chips. For instance, in March 2024, Marvell Technology Inc. collaborated with TSMC to become the first technology platform to develop 2nm semiconductors, particularly for accelerated infrastructure. Leading semiconductor hubs such as Japan, Taiwan, and the U.S. are ramping up domestic chip production, driving steady demand for copper targets. With ongoing advancements in logic chips, memory devices, and high-speed computing, the market for copper sputtering targets is set for sustained growth.

End Use (Electronics, Automotive, Aerospace and Defense, Medical Device, Renewable Energy)

In copper sputtering target market, electronics segment is expected to hold revenue share of over 35% by the end of 2037, owing to its applications in PCBs, semiconductors, and display technologies. The rise of wearable tech, AR/VR devices, and IoT gadgets is increasing the demand for precise copper coatings for improved performance. As 5G, AI, and high-performance computing expand, the need for more advanced copper sputtering targets arises leaving scope for the market to grow.  

Our in-depth analysis of the global copper sputtering target market includes the following segments:

Application

  • Semiconductors
  • Solar Cells
  • LCD Displays
  • Others

End use

  • Electronics
  • Automotive
  • Aerospace and Defense
  • Medical Device
  • Renewable Energy
  • Others

Type

  • Planar shaped copper
  • Rotary shaped copper

Purity Level

  • Low purity copper sputtering targets
  • High purity copper sputtering targets
  • Ultra high purity copper sputtering targets

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Copper Sputtering Target Industry - Regional Scope

North America Market Analysis

North America copper sputtering target market is poised to capture revenue share of around 40% by the end of 2037, due to the strong semiconductor and electronics manufacturing sector. With the rise of 5G, AI, and data centers, there is a growing demand for high-purity copper thin films in chips and advanced display technologies. Many investments in domestic and semiconductor fabs driven by the CHIPS Act are further boosting the need for copper-based interconnects. Additionally, the increasing adoption of smartphones, AR/VR devices, and electric vehicles is propelling demand for copper sputtering in next-generation electronics.

The U.S. copper sputtering target market is thriving due to the dominant semiconductor manufacturing, consumer electronics, and high-performance computing. Government initiatives such as the CHIPS and Science Act are accelerating domestic semiconductor production, increasing demand for high-purity copper sputtering targets in integrated circuits, memory chips, and advanced microprocessors. According to the SIA, the U.S. retains nearly 46% of the revenue share for cumulative semiconductor sales. Thus, with rising investments, and R&D, the U.S. is reinforcing its leadership in advanced electronics and copper sputtering applications.

In Canada, the copper sputtering market is expanding primarily due to EV battery advancements, green energy technologies, and next-generation consumer electronics. The country’s push for electric vehicle production and battery innovation has led to increased demand for copper-based thin films in power electronics and solid-state batteries. Additionally, Canada is investing heavily in nanotechnology and advanced display manufacturing creating new opportunities for copper sputtering in OLED screens, quantum dot displays, and energy-efficient smart devices. For instance, in September 2023, Volta Energy Solutions, a pioneer in manufacturing electro-deposited copper foil for batteries, entered the Canada copper sputtering target market by establishing a manufacturing plant in Quebec, Canada. This facility aims to address the growing demand for high-quality copper foil in North America’s electric vehicle battery supply chain. In Canada, the focus on EV battery production and clean energy technologies is increasing the need for high purity copper thin films. This development highlights the country’s commitment to advancing EV battery technology and strengthening its position in the copper sputtering target market.

Asia Pacific Market Analysis

Asia Pacific is anticipated to garner a notable share from 2025 to 2037 driven by the region’s leadership in semiconductor fabrication, high-end electronics, and display panel manufacturing. Countries such as China, Japan, and South Korea are heavily investing in advanced chip technologies and OLED production, driving demand for high-purity copper targets. The rapid adoption of electric vehicles and energy-efficient devices is further boosting copper sputtering applications. With continuous technological innovation and strong industrial infrastructure, Asia Pacific remains the fastest-growing market for copper sputtering targets globally.

China’s copper sputtering target market is expanding as the country accelerates its dominance in semiconductor and high-tech manufacturing. With heavy investments in domestic chip production, AI-driven computing, and 5G technology, the demand for high-purity copper thin films is rising. Additionally, China’s push for renewable energy and EV battery advancements is increasing the use of copper coatings in power electronics. With strong government backing and continuous R&D in next-generation electronics, China is likely to be a key player in the global market.

The copper sputtering target market in South Korea is expanding due to its leadership in semiconductor memory, OLED displays, and high-performance electronics.  The country leads in next-generation semiconductor technology, where high-purity copper thin films are needed for high-speed processing and miniaturized circuits. With the rise of foldable displays, 6G research, and AI-driven devices, the demand for copper sputtering targets in display and sensor technologies is increasing. Backed by government initiatives and private sector R&D, South Korea is enhancing its role as a global hub for high-tech materials and chip manufacturing.

Copper Sputtering Target Market Share
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Companies Dominating the Copper Sputtering Target Market

    The top companies dominating the copper sputtering target market specialize in producing high-purity copper targets for semiconductors, display panels, and advanced electronics. With continuous R&D investments and technological innovations, they play a crucial role in meeting the growing demand for high-performance thin films globally. Here are some leading players in the copper sputtering target market:

    •  Honeywell International Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Able Target Limited
    • Advanced Engineering Materials Limited
    • American Elements
    • Edgetech Industries Llc
    • Jx Metals Corporation
    • Konfoong Materials International Co., Ltd
    • Kurt J. Lesker Company
    • Nanoshel Llc.
    • Otto Chemie Pvt. Ltd.
    • Praxair Technology, Inc
    • Safina Materials, Inc
    • Testbourne Ltd
    • Tosoh Smd, Inc
    • Vacuum Engineering & Materials

In the News

  • In October 2024, DIC Corporation created a new polyphenylene sulfide (PPS) film in partnership with the Japanese company Unitika Ltd. This film reduces signal loss at high frequencies, making it ideal for millimeter wave printed circuit boards used in next generation communication devices and radar systems.
  • In January 2024, SC successfully developed new equipment for coating copper foil using a roll-to-roll magnetron sputtering process. This achievement expanded SC’s opportunities in the vacuum equipment market for composite materials and current collectors. It also marks a significant breakthrough in producing specialized vacuum equipment for lithium-ion battery manufacturing.

Author Credits:   Abhishek Verma


  • Report ID: 7359
  • Published Date: Mar 21, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The copper sputtering target market sector was valued at USD 1.1 billion in 2024 and is projected to expand at a profitable CAGR of 5.8% during the forecast period, i.e., 2025-2037.

The global copper sputtering target market registered a profitable valuation of USD 1.1 billion in 2024 and is poised to reach USD 2.1 billion by 2037 expanding at a CAGR of 5.8% during the forecast period, i.e., 2025-2037.

The major players in the market are Honeywell International Inc., Able Target Limited, Advanced Engineering Materials Limited, American Elements, Edgetech Industries Llc, Jx Metals Corporation and others.

By application, the semiconductor segment is expected to hold the highest share of 48.5% share by 2037. The semiconductor segment in the copper sputtering target market is expanding rapidly due to the growing demand for high-performance chips in AI, 5G, and automotive electronics.

By 2037, North America is expected to dominate the copper sputtering market with a 40% share. The copper sputtering market is expanding due to the strong semiconductor and electronics manufacturing sector.
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