Global Sputtering Target Material Market Growth 2025-2031

The global Sputtering Target Material market size is predicted to grow from US$ 4950 million in 2025 to US$ 7715 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.

Sputtering is the process of forming a thin film when the object is attached to the target substrate by the sputtering and scattering, and the sputtering target is the material for high-speed particle bombardment. This report studies the sputtering target material market.

Global Sputtering Target Material key players include Materion (Heraeus), JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Mitsui Mining & Smelting etc. Global top five manufacturers hold a share over 40%.

North America is the largest market, with a share over 35%, followed by Europe and Japan, both have a share over 40% percent.

In terms of product, Metal Target is the largest segment, with a share over 60%. And in terms of application, the largest application is Semiconductor followed by Others Flat Panel Display.

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

This Insight Report provides a comprehensive analysis of the global Sputtering Target Material 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 Sputtering Target Material portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sputtering Target Material market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sputtering Target Material 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 Sputtering Target Material.

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

Segmentation by Type:
Metal Target
Alloy Target
Ceramic Compound Target

Segmentation by Application:
Semiconductor
Solar Energy
LCD Flat Panel Display
Others Flat Panel Display

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.
Materion (Heraeus)
JX Nippon Mining & Metals Corporation
Praxair
Plansee SE
Mitsui Mining & Smelting
Hitachi Metals
Honeywell
Sumitomo Chemical
ULVAC
GRIKIN Advanced Material Co., Ltd.
TOSOH
Ningbo Jiangfeng
Heesung
Luvata
Fujian Acetron New Materials Co., Ltd
Changzhou Sujing Electronic Material
Luoyang Sifon Electronic Materials
FURAYA Metals Co., Ltd
Advantec
Angstrom Sciences
Umicore Thin Film Products

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sputtering Target Material market?

What factors are driving Sputtering Target Material market growth, globally and by region?

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

How do Sputtering Target Material market opportunities vary by end market size?

How does Sputtering Target Material break out by Type, by Application?

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