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Metal Target Material global market

Metal Target Material global market

Global Metal Target Material Market Research Report 2025

This report on the global metal target material market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regional

Pages: 210

Format: PDF

Date: 12-2025

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Global Metal Target Material Market Outlook (2025–2035)

Market Forecast

Chem Reports projects that the Metal Target Material Market, valued at USD xxxx million in 2024, is expected to reach USD xxxx million by 2035, expanding at a CAGR of xx% globally during the forecast period.

Market Overview

The Global Metal Target Material Market Report 2020 provides a comprehensive analysis of industry dynamics, including development drivers, structural trends, and market flows. Historical and present market values are assessed to forecast growth trajectories between 2025–2035.

This research integrates both primary and secondary data sources, evaluating:

  • Government policies and regulatory frameworks
  • Market environment and competitive dynamics
  • Technological innovation and upcoming advancements
  • Historical trends and current market drivers
  • Technical progress in adjacent industries

Impact of COVID-19

The COVID-19 outbreak in late 2019 disrupted global supply chains and demand for advanced materials. Declared a public health emergency by the WHO, the pandemic significantly impacted the Metal Target Material market in 2020. Industries such as semiconductors, solar energy, and flat panel displays experienced delays and reduced consumption. Recovery has since been shaped by regional reopening strategies and accelerated innovation in thin-film deposition technologies.

Market Segmentation

By Type

  • Purity Metal Target
  • Alloy Target
  • Ceramic Compound Target

By Application

  • Semiconductor
  • Solar Energy
  • LCD Flat Panel Display
  • Other Flat Panel Displays

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain
  • Asia-Pacific: China, India, Japan, Southeast Asia
  • South America: Brazil, Argentina
  • Middle East and Africa: Saudi Arabia, South Africa

Competitive Landscape

Key players shaping the Metal Target Material market include:

  • JX Nippon Mining & Metals Corporation
  • Praxair
  • Plansee SE
  • Mitsui Mining & Smelting
  • Hitachi Metals
  • Honeywell
  • Sumitomo Chemical
  • ULVAC
  • Materion (Heraeus)
  • 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

These companies are actively investing in sputtering target innovation, process optimization, and regional expansion strategies to strengthen market positioning.

The global Metal Target Material market is projected to grow steadily between 2025 and 2035, driven by rising demand in semiconductors, solar energy, and flat panel displays. Metal target materials are critical in thin-film deposition processes such as sputtering, enabling advanced electronics, energy devices, and display technologies.

Detailed Segmentation Analysis

By Type

  • Purity Metal Target: High-purity metals used in semiconductor and high-performance applications.
  • Alloy Target: Blended compositions tailored for specific electrical and mechanical properties.
  • Ceramic Compound Target: Advanced compounds enabling specialized thin-film coatings for displays and solar cells.

By Application

  • Semiconductor: Largest segment, driven by demand for integrated circuits and microelectronics.
  • Solar Energy: Increasing adoption in photovoltaic cells and renewable energy systems.
  • LCD Flat Panel Display: Significant demand for sputtering targets in display manufacturing.
  • Other Flat Panel Displays: Includes OLED and emerging display technologies.

By Region

  • North America: Strong demand in semiconductor and solar industries.
  • Europe: Focus on renewable energy and advanced electronics.
  • Asia-Pacific: Fastest-growing region, led by China, Japan, South Korea, and India’s electronics manufacturing hubs.
  • South America: Emerging demand in solar energy and consumer electronics.
  • Middle East and Africa: Gradual adoption, primarily in energy and industrial applications.

Porter’s Five Forces Analysis

  1. Threat of New Entrants: Moderate. High R&D and capital requirements limit entry.
  2. Bargaining Power of Suppliers: High. Dependence on specialized raw materials and high-purity metals.
  3. Bargaining Power of Buyers: Moderate. Large OEMs exert influence, but specialized technology reduces substitution.
  4. Threat of Substitutes: Low to moderate. Alternatives exist but lack performance in thin-film deposition.
  5. Industry Rivalry: High. Competition among global material suppliers and electronics OEMs drives rapid innovation.

SWOT Analysis

Strengths

  • Critical role in semiconductor and display manufacturing
  • Expanding adoption in renewable energy applications
  • Strong demand driven by miniaturization and advanced electronics

Weaknesses

  • High production costs
  • Dependence on specialized raw materials
  • Complex manufacturing processes

Opportunities

  • Growth in Asia-Pacific electronics manufacturing
  • Rising demand for renewable energy technologies
  • Expansion into OLED and next-generation display systems

Threats

  • Competition from alternative materials and deposition technologies
  • Regulatory challenges in mining and material processing
  • Volatility in raw material supply chains

Trend Analysis

  • Increasing use of high-purity targets in semiconductor manufacturing.
  • Rising demand for sputtering targets in solar energy applications.
  • Integration of advanced materials in OLED and flexible displays.
  • Sustainability focus driving innovation in eco-friendly target materials.

Drivers and Challenges

Drivers

  • Expanding global semiconductor industry.
  • Rising consumer demand for advanced displays.
  • Technological advancements in thin-film deposition.

Challenges

  • High production costs limiting adoption in cost-sensitive markets.
  • Dependence on a small number of suppliers.
  • Competition from alternative deposition technologies.

Value Chain Analysis

  1. Raw Material Suppliers: Producers of high-purity metals and ceramic compounds.
  2. Target Material Manufacturers: Companies such as JX Nippon Mining & Metals, Praxair, Plansee SE, Mitsui Mining & Smelting, Hitachi Metals, Honeywell, Sumitomo Chemical, ULVAC, Materion (Heraeus), GRIKIN Advanced Material, TOSOH, Ningbo Jiangfeng, Heesung, Luvata, Fujian Acetron New Materials, Changzhou Sujing Electronic Material, Luoyang Sifon Electronic Materials, FURAYA Metals, Advantec, Angstrom Sciences, Umicore Thin Film Products.
  3. Distributors: Regional distributors supplying to semiconductor, solar, and display OEMs.
  4. End-Use Industries: Semiconductor, solar energy, LCD/OLED displays, and specialty electronics.
  5. Consumers: Electronics manufacturers, renewable energy companies, and display producers.

 

1. Market Overview of Metal Target Material
    1.1 Metal Target Material Market Overview
        1.1.1 Metal Target Material Product Scope
        1.1.2 Market Status and Outlook
    1.2 Metal Target Material Market Size by Regions:
    1.3 Metal Target Material Historic Market Size by Regions
    1.4 Metal Target Material Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Metal Target Material Sales Market by Type
    2.1 Global Metal Target Material Historic Market Size by Type
    2.2 Global Metal Target Material Forecasted Market Size by Type
    2.3 Purity Metal Target
    2.4 Alloy Target
    2.5 Ceramic Compound Target
3. Covid-19 Impact Metal Target Material Sales Market by Application
    3.1 Global Metal Target Material Historic Market Size by Application
    3.2 Global Metal Target Material Forecasted Market Size by Application
    3.3 Semiconductor
    3.4 Solar Energy
    3.5 LCD Flat Panel Display
    3.6 Others Flat Panel Display
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Metal Target Material Production Capacity Market Share by Manufacturers
    4.2 Global Metal Target Material Revenue Market Share by Manufacturers
    4.3 Global Metal Target Material Average Price by Manufacturers
5. Company Profiles and Key Figures in Metal Target Material Business
    5.1 JX Nippon Mining & Metals Corporation
        5.1.1 JX Nippon Mining & Metals Corporation Company Profile
        5.1.2 JX Nippon Mining & Metals Corporation Metal Target Material Product Specification
        5.1.3 JX Nippon Mining & Metals Corporation Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.2 Praxair
        5.2.1 Praxair Company Profile
        5.2.2 Praxair Metal Target Material Product Specification
        5.2.3 Praxair Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.3 Plansee SE
        5.3.1 Plansee SE Company Profile
        5.3.2 Plansee SE Metal Target Material Product Specification
        5.3.3 Plansee SE Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.4 Mitsui Mining & Smelting
        5.4.1 Mitsui Mining & Smelting Company Profile
        5.4.2 Mitsui Mining & Smelting Metal Target Material Product Specification
        5.4.3 Mitsui Mining & Smelting Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.5 Hitachi Metals
        5.5.1 Hitachi Metals Company Profile
        5.5.2 Hitachi Metals Metal Target Material Product Specification
        5.5.3 Hitachi Metals Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.6 Honeywell
        5.6.1 Honeywell Company Profile
        5.6.2 Honeywell Metal Target Material Product Specification
        5.6.3 Honeywell Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.7 Sumitomo Chemical
        5.7.1 Sumitomo Chemical Company Profile
        5.7.2 Sumitomo Chemical Metal Target Material Product Specification
        5.7.3 Sumitomo Chemical Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.8 ULVAC
        5.8.1 ULVAC Company Profile
        5.8.2 ULVAC Metal Target Material Product Specification
        5.8.3 ULVAC Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.9 Materion (Heraeus)
        5.9.1 Materion (Heraeus) Company Profile
        5.9.2 Materion (Heraeus) Metal Target Material Product Specification
        5.9.3 Materion (Heraeus) Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.10 GRIKIN Advanced Material Co. Ltd.
        5.10.1 GRIKIN Advanced Material Co. Ltd. Company Profile
        5.10.2 GRIKIN Advanced Material Co. Ltd. Metal Target Material Product Specification
        5.10.3 GRIKIN Advanced Material Co. Ltd. Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.11 TOSOH
        5.11.1 TOSOH Company Profile
        5.11.2 TOSOH Metal Target Material Product Specification
        5.11.3 TOSOH Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.12 Ningbo Jiangfeng
        5.12.1 Ningbo Jiangfeng Company Profile
        5.12.2 Ningbo Jiangfeng Metal Target Material Product Specification
        5.12.3 Ningbo Jiangfeng Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.13 Heesung
        5.13.1 Heesung Company Profile
        5.13.2 Heesung Metal Target Material Product Specification
        5.13.3 Heesung Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.14 Luvata
        5.14.1 Luvata Company Profile
        5.14.2 Luvata Metal Target Material Product Specification
        5.14.3 Luvata Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.15 Fujian Acetron New Materials Co. Ltd
        5.15.1 Fujian Acetron New Materials Co. Ltd Company Profile
        5.15.2 Fujian Acetron New Materials Co. Ltd Metal Target Material Product Specification
        5.15.3 Fujian Acetron New Materials Co. Ltd Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.16 Changzhou Sujing Electronic Material
        5.16.1 Changzhou Sujing Electronic Material Company Profile
        5.16.2 Changzhou Sujing Electronic Material Metal Target Material Product Specification
        5.16.3 Changzhou Sujing Electronic Material Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.17 Luoyang Sifon Electronic Materials
        5.17.1 Luoyang Sifon Electronic Materials Company Profile
        5.17.2 Luoyang Sifon Electronic Materials Metal Target Material Product Specification
        5.17.3 Luoyang Sifon Electronic Materials Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.18 FURAYA Metals Co. Ltd
        5.18.1 FURAYA Metals Co. Ltd Company Profile
        5.18.2 FURAYA Metals Co. Ltd Metal Target Material Product Specification
        5.18.3 FURAYA Metals Co. Ltd Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.19 Advantec
        5.19.1 Advantec Company Profile
        5.19.2 Advantec Metal Target Material Product Specification
        5.19.3 Advantec Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.20 Angstrom Sciences
        5.20.1 Angstrom Sciences Company Profile
        5.20.2 Angstrom Sciences Metal Target Material Product Specification
        5.20.3 Angstrom Sciences Metal Target Material Production Capacity, Revenue, Price and Gross Margin
    5.21 Umicore Thin Film Products
        5.21.1 Umicore Thin Film Products Company Profile
        5.21.2 Umicore Thin Film Products Metal Target Material Product Specification
        5.21.3 Umicore Thin Film Products Metal Target Material Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Metal Target Material Market Size
    6.2 North America Metal Target Material Key Players in North America
    6.3 North America Metal Target Material Market Size by Type
    6.4 North America Metal Target Material Market Size by Application
7. East Asia
    7.1 East Asia Metal Target Material Market Size
    7.2 East Asia Metal Target Material Key Players in North America
    7.3 East Asia Metal Target Material Market Size by Type
    7.4 East Asia Metal Target Material Market Size by Application
8. Europe
    8.1 Europe Metal Target Material Market Size
    8.2 Europe Metal Target Material Key Players in North America
    8.3 Europe Metal Target Material Market Size by Type
    8.4 Europe Metal Target Material Market Size by Application
9. South Asia
    9.1 South Asia Metal Target Material Market Size
    9.2 South Asia Metal Target Material Key Players in North America
    9.3 South Asia Metal Target Material Market Size by Type
    9.4 South Asia Metal Target Material Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Metal Target Material Market Size
    10.2 Southeast Asia Metal Target Material Key Players in North America
    10.3 Southeast Asia Metal Target Material Market Size by Type
    10.4 Southeast Asia Metal Target Material Market Size by Application
11. Middle East
    11.1 Middle East Metal Target Material Market Size
    11.2 Middle East Metal Target Material Key Players in North America
    11.3 Middle East Metal Target Material Market Size by Type
    11.4 Middle East Metal Target Material Market Size by Application
12. Africa
    12.1 Africa Metal Target Material Market Size
    12.2 Africa Metal Target Material Key Players in North America
    12.3 Africa Metal Target Material Market Size by Type
    12.4 Africa Metal Target Material Market Size by Application
13. Oceania
    13.1 Oceania Metal Target Material Market Size
    13.2 Oceania Metal Target Material Key Players in North America
    13.3 Oceania Metal Target Material Market Size by Type
    13.4 Oceania Metal Target Material Market Size by Application
14. South America
    14.1 South America Metal Target Material Market Size
    14.2 South America Metal Target Material Key Players in North America
    14.3 South America Metal Target Material Market Size by Type
    14.4 South America Metal Target Material Market Size by Application
15. Rest of the World
    15.1 Rest of the World Metal Target Material Market Size
    15.2 Rest of the World Metal Target Material Key Players in North America
    15.3 Rest of the World Metal Target Material Market Size by Type
    15.4 Rest of the World Metal Target Material Market Size by Application
16 Metal Target Material Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Purity Metal Target
  • Alloy Target
  • Ceramic Compound Target

By Application

  • Semiconductor
  • Solar Energy
  • LCD Flat Panel Display
  • Other Flat Panel Displays

Regional Analysis

  • North America: U.S., Canada, Mexico
  • Europe: Germany, U.K., France, Italy, Russia, Spain
  • Asia-Pacific: China, India, Japan, Southeast Asia
  • South America: Brazil, Argentina
  • Middle East and Africa: Saudi Arabia, South Africa

Competitive Landscape

Key players shaping the Metal Target Material market include:

  • JX Nippon Mining & Metals Corporation
  • Praxair
  • Plansee SE
  • Mitsui Mining & Smelting
  • Hitachi Metals
  • Honeywell
  • Sumitomo Chemical
  • ULVAC
  • Materion (Heraeus)
  • 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

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