Global Sputtering Target Material market will reach 5249.07 million US$ by the end of 2025
Published Date: 2019/10/24
The global Sputtering Target Material market was valued at 3160.27 million US$ in 2018 is expected to reach 5249.07 million US$ by the end of 2025, growing at a CAGR of 7.49% during 2019-2025.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing Southeast Asia region. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Sputtering Target Material. Europe also plays an important role in global market, with market size of 585.29 million USD in 2018 and will be 923.71 million USD in 2025, with a CAGR of 6.91% during 2019-2025.
For a long time the global sputtering target development and production mainly concentrated in the Europe, United States and Japan, and the industry concentration is quite high. Manufactures of sputtering targets, represented by Mitsui Mining & Smelting (Japan), Praxair (USA), JX Nippon Mining & Metals Corporation (Japan), Plansee SE (Austria), Hitachi Metals (Japan), Honeywell (USA), Sumitomo Chemical (Japan), ULVAC (Japan) and other multinational groups, have been involved in this field earlier. After decades of technical accumulation, they occupy the vast majority of market share.
Semiconductor chips, flat panel displays, solar cells and other downstream industries have a higher demand on the product quality and stability. When the downstream customers, especially the world's leading companies select suppliers, the supplier qualification barriers are higher, and the certification cycle is longer.
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