| Source: Rationalstat LLC Rationalstat LLC
Wilmington, Delaware, UNITED STATES
Wilmington, Delaware, Nov. 10, 2023 (GLOBE NEWSWIRE) — Global Sputtering Target Material Market size is estimated at a market valued of US$ 1.4 billion in 2023 and is predicted to rise at a substantial CAGR of 4.6% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
The sputtering target material market is driven by several key factors that contribute to its growth and demand. The increasing demand for electronic devices, such as smartphones, tablets, laptops, and wearable devices, is a significant driver for the sputtering target material market. Sputtering target materials are essential for depositing thin films in the fabrication of semiconductor devices, integrated circuits, and other electronic components.
Further, the evolution of display technologies, such as LCD (liquid crystal display), OLED (organic light-emitting diode), and flexible displays, has significantly fueled the demand for sputtering target materials. These materials are critical for depositing thin films used in the production of high-resolution displays with enhanced performance and efficiency.
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Global Sputtering Target Material Market: Segmental and Market Share Analysis
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players, some of the key developments in the sputtering target material market include,
Some of the prominent players and suppliers operating and contributing significantly to the sputtering target material market growth include JX Nippon Mining & Metals Corporation, Praxair, Plansee SE, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, GRIKIN Advanced Material Co., Ltd., Fujian Acetron New Materials Co., Ltd, and FURAYA Metals Co., Ltd., among others.
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RationalStat has segmented the sputtering target material market based on type, application, and region
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Key Questions Answered in the Sputtering Target Material Report:
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