Lucintel Forecasts the Global Sputtering Target Product Market to Reach $6.1 billion by 2030
According to a market report by Lucintel, the future of the global sputtering target product market looks promising with opportunities in the semiconductor, solar energy, flat panel display, automotive, medical, and telecommunication markets. The global sputtering target product market is expected to reach an estimated $6.1 billion by 2030 from $5.7 billion in 2024, at a CAGR of 1.2% from 2024 to 2030. The major drivers for this market are growing demand for transparent conductive films in solar cells, better sputter targets made of transition metal alloys are utilized to create organic light-emitting diodes and thin-film batteries, and rising demand for flat-panel displays and semiconductor devices because of their popularity among consumers.
A more than 150-page report to understand trends, opportunity and forecast in sputtering target product market to 2030 by type (metal material, alloy material, and ceramic material), application (semiconductor, solar energy, flat panel display, automotive, medical, and telecommunication), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that metal material will remain the largest segment over the forecast period because of its wide range of applications in electronics, semiconductor and solar industries.
North America will remain the largest region over the forecast period because of increasing demand for consumer electronics products, and growing number of coating applications of the materials in the automotive and aerospace & defense industries in the region.
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JX Nippon Mining & Metals, Praxair, Plansee, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, Materion, Ningbo Jiangfeng, Heesung are the major suppliers in the sputtering target product market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel’s Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1–972–636–5056
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