Sputtering Targets & Evaporation Materials Market:

Sputtering Targets & Evaporation Materials Market:

“Sputtering Targets & Evaporation Materials (ST&EM) are target materials which are used to deposit thin film or layer on desired substrate by employing various methods. Basically, sputtering and evaporation are variants of physical vapor deposition (PVD) processes which are used for various commercial and scientific purposes. Sputtering targets and evaporation materials have wide range of applications in semiconductor components, displays, sensors, data storage devices, photovoltaic cells, batteries, industrial tools, optics, automobile mirrors, decorative and many more. Owing to their significant applications in diverse end user industries, sputtering targets and evaporation materials market is set to grow at a considerable pace in the coming years. As per IndustryARC analysis, the global sputtering targets and evaporation materials recorded revenue of $2,820.6m in 2014. For the period of 2015 until 2020, it is estimated to grow at a compounded annual growth rate (CAGR) of 2.2% to reach $3,226.7m by 2020.

ST&EM market is set to experience considerable growth in the coming years, due to constant demand from dedicated end user sectors, especially electronics, energy, industrial, optical and others. APAC region is the major shareholder with more than 45% share in the global ST&EM market, due to the presence of numerous targets and materials providers and end user sectors. In the global ST&EM market, APAC region generated revenue of $1,370.5m in 2014 and is estimated to grow with significant CAGR during the forecast period. North America held the second major share followed by Europe and RoW. Overall, this market will find steady demand from dedicated end used industries

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Table of contents:

1. Global Sputtering...

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