Just like there are many uses for gold, silver, platinum and palladium sputtering targets, there are many important factors that can go into choosing a manufacturer that is right for your particular application.
Precious metal sputtering targets are used in the vacuum coating process to manufacture products in a variety of industries including aerospace, automotive, glass, medical devices, semiconductors and more.
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Companies using precious metal sputter targets for thin film applications range in size from Global Fortune 500 corporations to small businesses, startups and divisions of multinational companies with unique specialties. Materials Science and Engineering faculty at Universities also use gold, silver, platinum and palladium sputtering targets in graduate and undergraduate research and development.
Large area silver sputtering targets are common in the glass industry to manufacture Low-E Glass which reduces heating and cooling costs of buildings. Gold sputtering targets are used in aerospace to coat visors of astronauts, windows of spacecraft and more. Precious metal targets are used in diabetes test strips and other medical devices and are found in a variety of automotive and aviation electronics, semiconductors, solar panels and emerging zero-carbon technologies. Precious metal sputter targets and the vacuum coating process in general play an essential role in a new generation of innovative products.
Companies Focus on Positive or Limited Negative Impact Industries During Coronavirus Outbreak
The COVID-19 outbreak has disrupted the ecosystem of the semiconductor industry, based on a complex interrelationship between suppliers and end users catering to high-tech services. Companies in the sputtering target market are emerging to be resilient to these hurdles by increasing their focus on positive or limited negative impact industries such as optical communication, data centers, and wireless communications.
Chipmakers in the sputtering target market are shifting manufacturing capabilities to healthcare applications in order to keep economies running. Asian players are anticipated to receive a boost given that there is less direct disruption in their local operations and markets. Manufacturers are now rebalancing their product portfolio by identifying those applications and customer segments whose business activities is expected to undergo drastic changes in the near future.
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Use of PVD Coatings to Manufacture Customized Precious Metal Sputter Target Forms
The sputtering target market is expected to surpass US$ 6.77 Bn by . However, manufacturers need to meet rigorous manufacturing standards in order to meet demanding applications.
Every thin film coating application requires a specific combination of process and material to produce uniform thin film coatings. In order to ensure coatings with dependable, reproducible properties, the source material is being specially engineered with a precise alloy composition, refined grain size, and consistent phase content. Materion Corp. - a multinational company specializing in high-performance engineered materials is developing high quality physical vapor deposition (PVD) coating used to manufacture customized precious metal sputter target designs.
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High Performance Materials Enable Production of Sputtering Targets for Photovoltaic
Apart from semiconductor and flat panel displays, manufacturers in the sputtering target market are unlocking growth opportunities in photovoltaic applications. H.C. Starck Solutions - a provider of high performance metal solutions, is tapping into incremental opportunities in photovoltaic, touch screens, and electro-chromic glass applications by providing high performance sputtering targets.
The sputtering target market is estimated to register a CAGR of 5.5% during the forecast period. Companies with a comprehensive experience in the production of a unique combination of high performance materials have a competitive edge over other market players. They are gaining production efficiencies for refractory metals such as tungsten, tantalum, and molybdenum, among others.
R&D Accomplishments Help Excel in Production of Optical Devices
Companies in the sputtering target market are boosting their output capacities for products used in optical films. JX Nippon Mining & Metals - a supplier of consumable electronic materials is boosting production of materials used in manufacturing sputtering targets for optical films used to form Blue-ray Discs, DVDs, and other optical discs.
Stakeholders in the sputtering target market are realizing the importance of R&D to manufacture products that match customer requirements in areas of environmental resistance, refractive index, thermal conductivity, and the likes. Innovations in optical disc materials are being expanded in various optical devices such as OLED (Organic Light-Emitting Diode) displays, optical films, and optical sensors. Manufacturers are gaining proficiency in quality management in order to develop sputtering targets that can be used with assurance.
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Analysts&#; Viewpoint
Companies in the sputtering target market are reassessing their cost structures to leverage revenue opportunities in positive or limited negative impact industries such as personal computers and healthcare amid the coronavirus outbreak. LCD (liquid crystal display) flat panel displays, photovoltaic solar cells, and integrated circuits are triggering the demand for sputtering targets. However, manufacturers face challenges in developing different target compositions. Hence, manufacturers should invest in R&D to use materials that help in the production of high quality sputtering targets with uniform coatings, while ensuring cost effective target utilization. In order to improve quality and performance of sputtering targets, manufacturers are working closely with clients, customers, and partners that provide on-site support and cost effective product solutions.
Sputtering Target Market: Overview
- According to Transparency Market Research&#;s latest research report on the global sputtering target market for the historical period of &#; and the forecast period of &#;, rise in adoption of sputtering target in coating solar cell, increase in demand for sputtering targets in the automobile industry, and surge in the demand from consumer electronics are expected to boost the global sputtering target market during the forecast period
- In terms of revenue, the global sputtering target market is expected to exceed the value of US$ 6.77 Bn by , expanding at a CAGR of 5.5% during the forecast period
Rise in Demand from Consumer Electronics: Key Driver of Sputtering Target Market
- Sputtering is a physical vapor deposition (PVD) mechanism and sputtering target is used in this process, with wide applications in modern technology and manufacturing. It is used for optical coating, glass coating, etc. in various applications.
- Most modern-day electronics incorporate essential components that have been produced with tantalum sputtering targets. These include microchips, memory chips, print heads, and flat panel displays.
- According to the Retailers Association of India (RAI), electronics hardware production in the country increased from INR 4.43 Trn (US$ 72.38 Bn) in FY19 to INR 5.47 Trn (US$ 89.38 Bn) in FY20. Demand for electronics hardware in India is expected to reach US$ 400 Bn by FY24.
- Rise in demand for stuttered thin film coating, owing to increase in use of high-performance electronics, has boosted the global targeted market in terms of revenue. Increased adoption of integrated circuits and other advanced technologies such as mobile computing, IoT, and smart devices has fueled the demand for sputtering targets.
- Expansion of the consumer electronics industry is expected to fuel the sputtering target market during the forecast period
- Increase in the use of sputtering targets in the production of electronic devices such as liquid crystal displays (LCDs), optical media, and magnetic media; and rise in demand for consumer electronics are expected to drive the sputtering target market
- However, the availability of alternatives to the sputtering process may hamper the market, which restricts its use in extreme environments. Various alternatives to the sputtering processes, such as thermal evaporation, EMI shielding, and laser cladding processes are anticipated to restrain the global sputtering target market. In some applications, sputtering cannot be used, as it can damage the substrate or devices; in such cases, laser cladding is used. Laser cladding is safe as far as substrate or device is concerned. These factors are likely to hamper the global sputtering target market.
Rise in Adoption of Advanced Technology
- Use of sputtering target is rising in North America, Europe, and Asia Pacific, owing to the increasing adoption of advanced technology in these regions
- Manufacturers use sintering technology such as sintered glass and deeply processed glass to produce their increased sputtering targets. Sintering is the process of compacting and forming a solid mass of material by heat or pressure without melting it to the point of liquefaction.
- Some vendors, in particular, deep-glass companies and glass manufacturers are emphasizing on expansion of their coated glass production lines
- Precious metal thin film materials manufactured with the sintering technology are highly regarded in the electronics industry, particularly in the semiconductor and magnetic disk industries. The sputtering target market is driven by the increase in the demand for coating, owing to a rise in adoption of new technologies.
- Additionally, an increase in research & development expenditure to manufacture innovative products is expected to drive the global sputtering target market during the forecast period
- Thus, surge in the demand for sputtering target in North America, Europe, and Asia Pacific is projected to boost the global sputtering target market during the forecast period
Sputtering Target Market: Competition Landscape
- Detailed profiles of providers of sputtering target have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
- Key players operating in the global sputtering target market are
- Honeywell International, Inc.
- Heraeus Holding GmbH
- Hitachi Metals
- JX Nippon Mining & Metals Corporation
- Kamis Incorporated
- Konfoong Materials International Co., Ltd.
- Buhler Leybold Optics
- Matsurf Technologies Inc.
- Mitsubishi Corporation
- Praxair International, Inc.
- Sumitomo Chemicals Co., Ltd.
- Testbourne Ltd.
- Tosoh Corporation
- ULVAC, Inc.
- Vacuum Engineering and Materials Co.
Sputtering Target Market: Key Developments
- Key providers of sputtering targets, such as Honeywell International, Mitsubishi Corporation, Heraeus Holding GmbH, Hitachi Metals, JX Nippon Mining & Metals Corporation, Kamis Incorporated, Konfoong Materials International Co., Ltd., and Testbourne Ltd., are focused on the design of cost-effective sputtering targets to attract more customers. Other key developments in the global sputtering target market have been highlighted below:
- In January , The Mitsubishi Corp. developed a new sputtering target (DIABLA) for blackening films and started mass production
- In November , Mitsubishi Chemical Corporation concluded an agreement with Konfoong Materials International Co., Ltd. and KFMI Group company TCPR (Shanghai) Electro-Mechanical High-Tech Co., Ltd. for the transfer of MCC&#;s light metal products business. This acquisition was to enhance portfolio management of sputtering target materials for semiconductors and liquid crystal displays.
- In August , ULVAC, Inc. successfully launched PZT piezoelectric thin-film sputtering technology and a high volume manufacturing (HVM) solution for the development of MEMS sensors and actuators for reliable, high-quality film production for next-generation devices
- In the global sputtering target market report, we have discussed individual strategies, followed by company profiles of providers of sputtering targets. The &#;Competition Landscape&#; section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global sputtering target market.
Sputtering Target Market &#; Segmentation
TMR&#;s study of the global sputtering target market segments the market based on application, type, material, and region. Changing market trends and other crucial market dynamics associated with segments of the global sputtering target market have been discussed in detail in TMR&#;s study.
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Application
- Optical Disk
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Solar Cells
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Hard Coatings
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Flat Panel Displays
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Semiconductor
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Optical Communications
- Copper
- Aluminum
- Titanium
- Tantalum
- All Other Materials
- Others
Type
- Single-pole Sputtering Target
- Multi-pole Sputtering Target
Material
- Pure Metal Targets
- Copper
- Aluminum
- Titanium
- Tantalum
- Others
- Alloy Targets
- Compound Targets
- Oxides
- Nitrides
- Borides
- Sulfides
- Selenides
- Tellurides
- Others
- Others
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America