Sputtering Target Market Analysis

Sputtering Target Segmentation

Material (Pure Metal, Compound, Alloy, Isotope, Oxide Targets)

Sputtering target market from the pure metal targets segment is set to generate the highest revenue by the end of 2036. This growth is poised to be influenced by a surge in the use of pure metal targets in different configurations including planar, circular, rectangular, and more for the process of sputter and evaporation. The rise in the production of high-index films for infrared filters, ferromagnetic thin films, semiconducting films, photoconductive films, and lubricating films using these targets also contributes to this segment’s revenue gain.

Sputtering Method (Radio Frequency, Direct Current, Reactive, Magnetron, Gas Flow, Ion-assisted Sputtering)

The magnetron sputtering segment in the sputtering target market is expected to have significant growth shortly. This is owing to the use of magnetron sputtering methods in various industrial applications including the production of corrosion-resistant and low-friction coatings.

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

Material	Pure Metal Targets Alloy Targets Compound Targets Oxide Targets Isotope Targets
Application	Aerospace & Defense Electronics & Semiconductors Glass Coating Solar Cell Coating Solid Oxide Fuel Cells
Sputtering Method	Radio Frequency Sputtering Direct Current Sputtering Reactive Sputtering Magnetron Sputtering Gas Flow Sputtering Ion-assisted Sputtering

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of sputtering target is estimated at USD 6.21 Billion.

The sputtering target market size was valued at USD 6.11 Billion in 2023 and is projected to cross USD 7.81 Billion by the end of 2036, expanding at more than 1.9% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growth in demand for consumer electronics, rise in demand for rare earth materials, and surge in the use of sputtering target in automotive production.

North America industry is poised to have the largest growth by 2036, backed by growing production of aircraft in the region.

JX Nippon Mining & Metals Corporation, Praxair Technology, Inc., Plansee SE, Mitsui Mining & Smelting Co, Ltd., Hitachi, Ltd., Honeywell International Inc., Sumitomo Chemical Co., Ltd., ULVAC, Inc., Materion Corporation, GRIKIN Advanced Material Co., Ltd.

Sputtering Target Market Analysis