TECHCET Projects Sputtering Target Revenues Rising Nearly 9% in 2025
San Diego, CA, July 9, 2025: TECHCET — the electronic materials advisory firm providing semiconductor materials supply chain information— reports that total sputtering target revenues are forecasted to increase ~8.7% in 2025, reaching approximately US$1.45B. This growth reflects a combination of improving demand and metal price appreciation. TECHCET’s wafer start forecast reveals a brief correction is expected in 2028, though overall growth is projected to continue upward through the forecast period.
The market for sputtering targets (excluding precious metals) is expected to exceed the US$1B mark for the first time in 2026. From 2024 to 2029, shipment volume is projected to grow at a +6.9% CAGR. While this forecast remains consistent with previous updates, new and existing tariffs may influence pricing in the near term, though declining demand (in the worst case) could offset those impacts.
Market and supply chain forces that continue to shape the sputtering target outlook:
• Despite modest expectations for global GDP, semiconductor revenue growth has historically outperformed by more than 2x.
• Material sourcing strategies are shifting to reduce geographic dependencies, but supply chain interconnectivity remains a key challenge.
• China’s appreciable pricing cuts are raising anti-competitive concerns in
global markets.
• Export controls are directly restricting supply availability, while tariffs are adding to input costs and impacting the broader supply chain.
• Volatility in metal pricing, partially driven by speculative activity, continues to influence overall material costs.
For further detail and analysis are available in TECHCET’s Critical Materials Report™ on Sputtering Targets and associated suppliers such as Advanced Targets Materials Co., LTD., American Elements, Furuya Metal Co., Go Element, Grikin and others, or request a sample report, visit https://techcet.com/product/sputter-targets/.
To meet with our Sputtering Target Analyst, register for Fall 2025 CMC Seminar here: https://techcet.com/product/2025-fall-cmc-seminar-early-bird-registration/.
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About TECHCET: TECHCET CA LLC is an advisory services firm expert in materials markets and supply chain analysis as applied to electronic applications including the semiconductor, display, solar, and LED industries. For additional information, please email us, call +1-480-332-8336, or go to www.techcet.com