Critical Materials – PVD Targets US$1B and Growing Strong

Increasing demand forecasted through 2024

San Diego, CA, October 21, 2020: TECHCET—the electronic materials advisory firm providing business and technology information—announces that the global market for Physical Vapor Deposition (PVD) including Sputtering consumable materials in semiconductor manufacturing is expected to total over US$1 billion this year. Demand was strong in the first half of 2020 as fabs built up safety stock in response to COVID-19, and sales momentum continued into the third quarter. 2020 revenues are forecasted to be up 2.1% with even stronger growth in 2021 of 5.9% year-over-year, as detailed in the latest Critical Materials Report™ (CMR) quarterly update on Sputter Targets (see Figure).

“The top five suppliers of non-precious-metal targets control approximately ninety percent of the global market,” explained Dr. Dan P. Tracy, TECHCET Sr. Director of Market Research and author of the report. “This mature materials value-chain supports the world’s needs for on-chip metal interconnects, and TECHCET expects that some consolidation in the market is likely over the next several years through mergers and acquisitions.”

TECHCET sees a long-term trend towards recycling of most metal targets to become an increasingly important part of life cycle management. While precious metals such as gold (Au) and Rare Earth Elements (REE) have always been recycled as much as possible, there are both short-term economic incentives as well as long-term sustainability motivations to recycle copper (Cu), tantalum (Ta), and titanium (Ti).

This report covers the following suppliers: Furuya Metals, GO Element, Grikin, Honeywell, JX Nippon, KFMI, Materion, Pioneer Materials, Praxair/Linde, Sumitomo, Tanaka, Top Metal Materials, Tosoh SMD, Solar Applied Materials Technology, Umicore, VEM, and Vital Materials.

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