Sputtering Targets & Evaporation Materials Market - Forecast(2021 - 2026)

 

Sputtering Targets & Evaporation Materials Market Overview

Sputtering targets & evaporation materials market is forecast to reach $3.5 billion by 2025, after growing at a CAGR of 4.0% during 2020-2025. With 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, the Sputtering targets & evaporation materials market is witnessing an increase in demand. Growing public interest towards electronics products will further enhance the overall market demand for sputtering targets and evaporation materials market during the forecast period.


Report Coverage

The report: “Sputtering Targets & Evaporation Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sputtering Targets & Evaporation Materials Market.
By Type - Sputtering Targets and Evaporation Materials
By Sputtering Method – DC Sputtering, Reactive Sputtering, RF Sputtering, Ion Assisted Sputtering, Magnetron Sputtering, Gas Flow Sputtering, Others.
By Components – Vacuum Pump (Dry Pump, Oil Rotary Pump, Mechanical Booster Pump, Ion Pump, Turbo Molecular Pump, Oil Diffusion Pump, Others), Vacuum Gauge, Process Gas Monitor, Leak Detector, Thin Film Measurement/Deposition Controller (Spectroscopic Ellipsometer, Film Thickness Measurement, Deposition Controller), Optical Process Monitor, Vacuum Valve, Parts of Ultra-High-Vacuum, Transfer Robot, Others.
By Evaporation Method – Thermal Evaporation, Electron-beam Evaporation, Vacuum Evaporation, Reactive Evaporation, Others.
By Material Type – Pure Metals (Precious Metals, Non-Precious Metals), Isotope, Alloys, Compounds (Oxides, Nitrides, Sulphides, Carbides, Others), Others.
By Sputtering Targets – Metallic & Elemental Sputtering Targets, Oxide Sputtering Targets, Alloy Sputtering Targets, Compound Sputtering Targets, Others. 
By Application – Aerospace & Defense, Dentistry, Fine Art Materials, Agriculture, Electronics (Magnetic Data Storage, Displays, Semiconductor, Sensors), Industrial (Automotive, Wear Resistant, Corrosion Resistant, Heat Resistant, Chemical Manufacturing), Energy (Photovoltaic Cell, Fuel Cells, Solar Thermal Collectors, Batteries), Optics (Microscopes, Camera Lenses, Automobile Mirrors), Others.
By Geography – North America, South America, Europe, APAC, RoW


Key Takeaways

  • Asia-Pacific dominates the Sputtering targets & evaporation materials market owing to increasing demand from various end use such as aerospace & defense, electronics and others.
  • The growing popularity for sputtering targets made coatings, is likely to aid in the market growth of sputtering targets and evaporation materials market.
  • Implementation of governments regulations towards electronics industries will increase the market demand for sputtering targets and evaporation materials market in the near future.
  • COVID-19 pandemic will create hurdles for the Sputtering targets & evaporation materials market.

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Sputtering Targets & Evaporation Materials Market Segment Analysis - Sputtering Method

Magnetron sputtering segment holds the largest share in the sputtering targets & evaporation materials market. Magnetron sputtering is carried out for pure metals, semiconductor materials, alloys and compounds such as oxides, carbides, nitrides and so on. This method of sputtering includes industrial applications such as wear-resistant coatings, low friction coatings, corrosion resistant coating; electronic applications, optical and decorative applications and more. Magnetron is a key sputtering method used for thin film deposition. Pure metals are mostly used in this process.

 

Sputtering Targets & Evaporation Materials Market Segment Analysis - Components

Process gas monitor is the primary segment in the sputtering targets & evaporation materials market. These process gas monitors are equipped with a highly sensitive sensing element that is powered through connecting leads connected to the circuits. These process gas monitor find extensive application in process and manufacturing industries for detecting various compounds. Factors, such as increasing demand for process gas monitor, high-end features, and technological advancements are accelerating the demand. Governmental standards and regulations concerning emission control in the industrial segment are projected to accelerate the growth of the sputtering targets & evaporation materials market.

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