Sputtering Target and Evaporation Material Market to Cross $3 Billion by 2020 with Major Demand from Semiconductors in APAC Region

Sputtering and Evaporation are variants of physical vapor deposition in which a very thin film or layer is accumulated on substrate using various techniques with respect to the application. Sputtering Target and Evaporation Materials (ST&EM) play a vital role in many of the industries like electronics, energy, optics, industrial and more to ensure that a uniform and thin film of desired material is deposited on the substrate to prevent it from external damages. Owing to their significant applications such as in semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and many others in the diverse end used industries, ST&EM Market is set to grow at a considerable pace in the coming years. For the period of 2015 till 2020, it is estimated to grow at a CAGR of 2.2% to reach $3.2bn by 2020.

Sputtering Target and Evaporation Materials Market has been segmented into methods of sputtering and evaporation, materials used as targets, application sectors and geography. The sputtering target and evaporation materials market encompasses a variety of materials which includes pure metals, compounds, alloys and others. The various methods of sputtering include DC sputtering, reactive sputtering, RF sputtering, Ion-assisted, Magnetron and Gas flow. Metals which conduct electricity are sputtered through DC sputtering; whereas, compounds use Reactive sputtering. This market is set to experience considerable growth in the coming years due to constant demand from dedicated end user sectors, especially electronics and energy.

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The demand for high precision coatings, wear-resistant coatings, low friction coatings, corrosion resistant coatings and some decorative coatings in various applications is a key reason for the growth of sputtering target and evaporation materials market.

Global Sputtering Target and Evaporation Material Market Share, By End-user Verticals, 2014 (%)

Sputtering Target and Evaporation Material Market

Source: IndustryARC Analysis, Expert Insights

The above figure depicts the market share of sputtering targets and evaporation material by end user verticals in 2014. Electronics sector holds a major share with 49% in the global ST&EM market, followed by Energy industry and Industrial with 24% and 11%, respectively. All the above mentioned industry sectors are estimated to witness growth in the near future owing to the varied application of ST&EM in different industries globally.

APAC is the leading supplier of ST&EM and has the highest market share in the Global ST&EM Market revenue. In the APAC, China and Japan are the major countries in terms of top ST&EM manufacturers and suppliers. RoW holds the least share of 7% in the global ST&EM market revenue. With respect to the global market, the APAC and North America hold 72% of the entire ST&EM market share.

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In this report, the market has been segmented by geography as Europe, North America, APAC and RoW. Market size and forecast are provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the ST&EM market and future opportunities are also provided in the report.

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