NEW YORK, April 7, 2015 /PRNewswire/ --
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. Sputtering targets and evaporation materials have a wide range of applications in semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and so on. APAC has been the furthermost developed market for sputtering targets and evaporation materials; whereas, Electronics is the most promising application industry for sputtering target and evaporation materials. Owing to the proliferation of electronic products such as data storage devices, displays, semiconductor components, microelectronics and others, sputtering targets and evaporation materials market is projected to experience considerable amount of demand down the years. The ST&EM encompass a wide variety of materials which include pure metals, compounds, alloys and semiconductors. As per IndustryARC analysis, the global sputtering target market revenue is estimated to be $2.82bn as of 2014, and it is forecast to grow at a CAGR of 2.2% till 2020.
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There are many manufacturers and suppliers who deliver the sputtering materials such as metals, compounds and alloys with same physiognomies. Rising demand for end products in electronics and energy sectors as well as economic growth in the emerging countries such as China, Japan, are engendering more sputtering facilities. APAC region is a major shareholder with more than 48% in the global sputtering target and evaporation material market, due to the presence of numerous targets, materials providers and end user sectors. The APAC region is forecast to grow with a CAGR of 2.4% during the forecast period.
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Sputtering and evaporation are thin film deposition technologies that are most commonly used in semiconductors for diffusion barriers, adhesion or seed layers, etching, antireflection coatings and primary conductors. Owing to their significant applications in diverse end used industries, sputtering targets and evaporation materials market is set to grow at a considerable pace in the coming years. The global sputtering target and evaporation material market revenue for electronics was calculated to be $1.38bn as of 2014 and it is estimated to grow with a CAGR of 2.3% to reach $1.58bn by 2020. There are various materials available in the market such as pure metals, semiconductors and alloys which are used in sputter deposition method. Pure metals have a market share of around 40.3% in the global ST&EM market revenue; whereas, compounds accounted for 30.3% market share. These are estimated to grow at a CAGR of 2.2% and 2.0% respectively.
Owing to the proliferation of electronic components such as data storage devices, displays, semiconductor components, microelectronics and more, sputtering targets and evaporation materials market is projected to experience considerable amount of demand down the years. Additionally, sputtering and evaporation are performed in sectors such as industrial and optics for various purposes. It is mainly done to etch (form a protective layer) the substrate. Increasing demand for high-quality functional films will further fuel the sputtering coatings market. The printing technology has a broad range of applications in the electronics sectors which will affect the ST&EM market in the coming future. These are used to print different types of sensors, storage elements, batteries, display systems and many more. These novel technologies have better advantages compared to traditional technologies such as sputtering and evaporation. These printed technologies extend their applications in energy sector including photovoltaic panels. In the recent past, printed solar power also made some significant advances in terms of performance, stability, efficiency and reliability.
The company 'American Elements' has expanded their ultra-high purity metals and chemicals production facilities to meet the growing demand from optics, electronics, and energy sectors. Furthermore, H.C. Starck engenders molybdenum-niobium (MoNb) targets for application in flexible touch screens.
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