Global Magnesium Oxide Target Market Growth 2025-2031

Global Magnesium Oxide Target Market Growth 2025-2031

The global Magnesium Oxide Target market size is predicted to grow from US$ 13.9 million in 2025 to US$ 23.4 million in 2031; it is expected to grow at a CAGR of 9.1% from 2025 to 2031.

Magnesium oxide target is a kind of functional material. The films are obtained by thermal, electron gun evaporation or magnetron sputtering of magnesium oxide targets. The main products are used in semiconductor manufacturing, magnetic recording, flat display, solar energy and other industries, conventional specifications are 1mm-10mm particles, in the form of laminate or powder.



With the development of economy, the application field of magnesium oxide target is widening and the market demand is increasing. According to the development trend, the proportion of magnesium oxide target consumption is increasing year by year.

Global Magnesium Oxide Target key players include Kojundo Chemical Laboratory, Kurt J. Lesker Company, Materion, Advantech Inc, FHR, etc. Global top five manufacturers hold a share about 50%.

Asia Pacific is the largest market, with a share about 50%, followed by Europe and North America, both have a share about 45 percent.

In terms of product, 99.95% Purity is the largest segment, with a share about 75%. And in terms of application, the largest application is MRAM, followed by Semiconductor Industry.

LP Information, Inc. (LPI) ' newest research report, the “Magnesium Oxide Target Industry Forecast” looks at past sales and reviews total world Magnesium Oxide Target sales in 2024, providing a comprehensive analysis by region and market sector of projected Magnesium Oxide Target sales for 2025 through 2031. With Magnesium Oxide Target sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnesium Oxide Target industry.

This Insight Report provides a comprehensive analysis of the global Magnesium Oxide Target landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnesium Oxide Target portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Magnesium Oxide Target market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnesium Oxide Target and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnesium Oxide Target.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnesium Oxide Target market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
99.95% Purity
99.99% Purity

Segmentation by Application:
MRAM
Semiconductor Industry
Scientific Research and Institutions
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Kojundo Chemical Laboratory
Kurt J. Lesker Company
Materion
Advantech Inc
FHR
NEYCO
China Rare Metal Material
Beijing Scistar
Nexteck

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnesium Oxide Target market?

What factors are driving Magnesium Oxide Target market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Magnesium Oxide Target market opportunities vary by end market size?

How does Magnesium Oxide Target break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.