Description
This report covers the sputtering targets and supply-chain for key metals used in semiconductor device fabrication. The report contains data and analysis from TECHCET’s data base and Sr. Analyst experience, as well as that developed from primary and secondary market research. Sputtering targets are critical in semiconductor manufacturing as sputtering allows the deposition of different materials to form interconnects, barriers layers, and other films for semiconductor devices, MEMS, and sensors.
Featured Press Release on Sputtering Targets Market Updates and Report Highlights:
Table of Contents:
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1 EXECUTIVE SUMMARY 11 1.1 TARGET BUSINESS – MARKET OVERVIEW 12 1.2 TARGET MARKET TRENDS IMPACTING 2023 OUTLOOK 13 1.3 TECHNOLOGY TRENDS 14 1.4 TARGET MARKET FORECAST 15 1.5 COMPETITIVE LANDSCAPE 16 1.6 EHS ISSUES/CONCERNS 18 1.7 TARGET MARKET ASSESSMENT 19 2 SCOPE, PURPOSE AND METHODOLOGY 21 2.1 SCOPE 22 2.2 PURPOSE 23 2.3 METHODOLOGY 24 2.4 OVERVIEW OF OTHER TECHCET CMR™ REPORTS 25 3 SEMICONDUCTOR INDUSTRY MARKET STATUS & OUTLOOK 26 3.1 WORLDWIDE ECONOMY AND OUTLOOK 27 3.1.1 SEMICONDUCTOR INDUSTRIES TIES TO THE GLOBAL ECONOMY 29 3.1.2 TAIWAN OUTSOURCE MANUFACTURER MONTHLY SALES TRENDS 30 3.1.3 SEMICONDUCTOR SALES GROWTH 31 3.2 CHIPS SALES BY ELECTRONIC GOODS SEGMENT 32 3.2.1 SMARTPHONES 33 3.2.2 PC UNIT SHIPMENTS 33 3.2.3 SERVERS / IT MARKET 37 3.3 SEMICONDUCTOR FABRICATION GROWTH & EXPANSION 38 3.3.1 FAB EXPANSION ANNOUNCEMENT SUMMARY 39 3.3.2 WW FAB EXPANSION DRIVING GROWTH 41 3.3.3 EQUIPMENT SPENDING TRENDS 42 3.3.4 TECHNOLOGY ROADMAPS 43 3.3.5 FAB INVESTMENT ASSESSMENT 44 3.4 POLICY & TRADE TRENDS AND IMPACT 45 3.5 SEMICONDUCTOR MATERIALS OVERVIEW 46 3.5.1 COULD MATERIALS CAPACITY LIMIT CHIP PRODUCTION SCHEDULES? 47 3.5.2 LOGISTICS ISSUES EASED DOWN 48 3.5.3 TECHCET WAFER STARTS FORECAST THROUGH 2027 49 3.5.4 TECHCET’S MATERIAL FORECAST 50 4 SPUTTERING TARGET MARKET LANDSCAPE AND FORECAST 51 4.1 CY2023 MARKET LANDSCAPE HIGHLIGHTS 52 4.2 MARKET STATISTICS & FORECASTS 53 4.3 FORECAST METHODOLOGY 54 4.3.1 TARGET MARKET FORECAST 55 4.3.2 2023 TARGET MARKET SIZE BY TYPE 56 4.3.3 ESTIMATE FOR PRECIOUS METAL TARGET MARKET 57 4.3.4 TOTAL SPUTTERING TARGET MARKET FORECAST 58 4.3.5 COPPER MARKET FORECAST 59 4.3.6 TANTALUM MARKET FORECAST 62 4.3.7 ALUMINUM MARKET FORECAST 63 4.3.8 TITANIUM MARKET FORECAST 64 4.3.9 NIV, AL, AG, AU, TI TARGETS USED IN POWER DEVICES – WIDE BAND GAP DEVICES 65 4.3.10 TARGET METAL FORECAST BY POWER DEVICE TYPE 67 4.3.11 TARGET METAL FORECAST FOR SIC AND GAN POWER DEVICES 68 4.4 SUPPLIER MARKET SHARE AND ACTIVITY 69 4.4.1 TARGET SUPPLIER UPDATES – 1 OF 3 70 4.4.2 TARGET COMPANY UPDATES – 2 OF 3 71 4.4.3 RUTHENIUM TARGET SUPPLIERS 72 4.5 COMMENT ON REGIONAL TRENDS/DRIVERS 73 4.5.1 REGIONAL TRENDS AND ISSUES 74 4.5.2 SPUTTERING TARGET PRODUCTION LOCATIONS– REGIONAL TRENDS 75 4.5.3 REGIONAL MARKET SIZE AND TRENDS 76 4.6 METAL TARGET COST STRUCTURE 77 4.7 EHS/SUSTAINABILITY, REGULATIONS, AND LOGISTIC ISSUES 78 4.8 M&A ACTIVITY AND PARTNERSHIPS 79 4.9 PLANT CLOSURES - NONE 80 4.10 NEW ENTRANTS- NONE 81 4.11 RISKS & DISCONTINUATIONS 82 4.12 TECHCET ANALYST ASSESSMENT OF TARGET SUPPLIERS AND MARKET 83 5 SUB-TIER SUPPLY-CHAINS 84 5.1 COPPER (CU) METAL- RAW MATERIAL 85 5.1.1 CU METAL- RAW MATERIAL SUPPLY CHAIN 86 5.1.2 CU METAL- MARKET DEMAND 87 5.1.3 CU DEMAND IN VEHICLES 88 5.1.4 LME CU METAL PRICING 89 5.2 TANTALUM (TA)- RAW MATERIAL 90 5.2.1 TA METAL- MINING SUPPLY CHAIN TRENDS 91 5.2.2 TA METAL- GLOBAL DEMAND 92 5.2.3 TA METAL- CLOSED MARKET ECONOMICS 93 5.3 ALUMINUM (AL) METAL- BAUXITE AND ALUMINA MINING 94 5.3.1 AL METAL- SMELTING 95 5.3.2 AL METAL- GLOBAL DEMAND 96 5.3.3 LME AL METAL PRICING 97 5.4 TITANIUM (TI) METAL- TI MINERAL CONCENTRATE 98 5.4.1 TI MINERAL CONCENTRATE PRICING 99 5.4.2 TI METAL- MILL PRODUCT DEMAND 100 5.4.3 TI METAL-SPONGE PRODUCTION AND CAPACITY 101 5.4.4 TI METAL-SPONGE PRODUCTION AND CAPACITY 102 5.4.5 TI METAL MARKET TRENDS- RUSSIA/UKRAINE CONFLICT 103 5.4.6 TI METAL- TI SPONGE FOR SEMICONDUCTOR 104 5.4.7 TI METAL- TI SPONGE PRODUCTION ACTIVITY IN CHINA 105 5.5 TUNGSTEN (W) METAL- MINING 106 5.5.1 W METAL- GLOBAL DEMAND 107 5.5.2 W SUPPLY CHAIN AND CHINA 108 5.5.3 W METAL- HIGH PURITY W POWDER SUPPLIERS 109 5.5.4 W METAL PRICING 110 5.6 COBALT (CO) METAL- MINING 111 5.6.1 CO METAL- DEMAND 112 5.6.2 CO METAL PRICING 113 5.7 MOLYBDENUM (MO) METAL- MINING 114 5.7.1 GENERALIZATION OF MO SUPPLY CHAIN 115 5.7.2 MO APPLICATIONS 116 5.8 PRECIOUS METALS- GOLD (AU) MINING PRODUCTION 117 5.8.1 PRECIOUS METALS- SILVER (AG) MINING 118 5.8.2 PRECIOUS METALS CONSUMPTION BY APPLICATIONS 119 5.8.3 PRECIOUS METAL SUPPLY/DEMAND TRENDS 120 5.8.4 PRECIOUS METAL PRICING 121 5.8.5 PRECIOUS METAL PRICING 122 5.8.6 HIGH-PURITY MANGANESE (MN) 124 5.9 SUB-TIER SUPPLY-CHAIN: DISRUPTIONS 125 5.10 SUB-TIER SUPPLY-CHAIN M&A ACTIVITY 126 5.11 SUB-TIER SUPPLY-CHAIN EHS AND LOGISTICS ISSUES 127 5.12 SUB-TIER SUPPLY-CHAIN TECHCET ANALYST ASSESSMENT 128 5.12.1 SPUTTER TARGETS SUB-TIER MARKET ASSESSMENT 129 6 TECHNICAL DRIVERS/MATERIAL CHANGES AND TRANSITIONS 130 6.1 300 MM TARGET MARKET SEGMENT DRIVERS DEVICES 131 6.1.1 200 MM TARGET MARKET SEGMENT DRIVERS 132 6.1.2 LOGIC - GENERAL PROCESS FLOW LOGIC PVD 10 NM & BELOW 133 6.1.3 GENERAL PROCESS FLOW ADVANCED DRAM 135 6.2 NEW DEVELOPMENTS IN THE TECHNOLOGY OR MARKETS: UNIVERSITY AND SUPPLIER R&D IN 5-7 YEARS 136 6.2.1 POWER RAIL 137 6.2.2 SPECIALTY (STT MRAM, FE RAM, OTHER) MEMORY PVD MATERIALS 138 6.2.3 PIEZOELECTRIC MATERIALS – PZT 142 7 SUPPLIER PROFILES 144 FURUYA METAL CO GO ELEMENT GRIKIN HONEYWELL HUIZHOU TOP METAL MATERIAL (TOPM) ...and 15+ more 8 APPENDICES 145 TABLE OF FIGURES FIGURE 1: TOTAL SPUTTERING TARGET MARKET REVENUES 12 FIGURE 2: SEMICONDUCTOR TARGET MARKET FORECAST 15 FIGURE 3 : GLOBAL ECONOMY AND THE ELECTRONICS SUPPLY CHAIN (2022) 29 FIGURE 4: 3- MONTH AVERAGE MONTHLY SALES FROM TAIWAN (TSMC, UMC, VIS, ASE GLOBAL, CHIPMOS, KYEC) 30 FIGURE 5: WORLDWIDE SEMICONDUCTOR SALES 31 FIGURE 6: 2022 SEMICONDUCTOR CHIP APPLICATIONS 32 FIGURE 7: MOBILE PHONE SHIPMENTS WW ESTIMATES 33 FIGURE 8: WORLDWIDE PC AND TABLET FORECAST 34 FIGURE 9: ELECTRIFICATION TREND BY WORLD REGION 35 FIGURE 10: SEMICONDUCTOR AUTOMOTIVE PRODUCTION 36 FIGURE 11: TSMC PHOENIX INVESTMENT ESTIMATED WILL BE US $40B 37 FIGURE 12: CHIP EXPANSIONS 2022-2027 US $366B 39 FIGURE 13: SEMICONDUCTOR CHIP MANUFACTURING REGIONS OF THE WORLD 41 FIGURE 14: GLOBAL TOTAL EQUIPMENT SPENDING BY SEGMENT (US$ B) 42 FIGURE 15: OVERVIEW OF ADVANCED LOGIC DEVICE TECHNOLOGY ROADMAP 43 FIGURE 16: INTEL OHIO PLANT SITE FEB. 2023 AND ARTIST RENDERING (ON BOTTOM) 44 FIGURE 17: EUROPE CHIP EXPANSION UPSIDE 47 FIGURE 18: PORT OF LA 48 FIGURE 19: TECHCET WAFER START FORECAST BY NODE 49 FIGURE 20: GLOBAL SEMICONDUCTOR MATERIALS OUTLOOK 50 FIGURE 21: SPUTTERING TARGET MARKET FORECAST 55 FIGURE 22: ESTIMATED 2023 SPUTTERING TARGET MARKET SIZE BY MATERIAL SEGMENT (IN US$ MILLIONS) 56 FIGURE 23: PRECIOUS METAL TARGET FORECAST (AFTER PRECIOUS METAL VALUE PASS THROUGH) 57 FIGURE 24: TOTAL METAL TARGET FORECAST (AFTER PRECIOUS METAL VALUE PASS THROUGH 58 FIGURE 25: SPUTTERING TARGET MARKET FORECAST 59 FIGURE 26: ESTIMATE OF 2022 CU TARGET SALE BY TYPE 60 FIGURE 27: ESTIMATE CU AND TA TARGETS SALES BY LOGIC NODE 61 FIGURE 28: TA SPUTTERING TARGET MARKET FORECAST 62 FIGURE 29: AL SPUTTERING TARGET MARKET FORECAST 63 FIGURE 30: TI SPUTTERING TARGET MARKET FORECAST 64 FIGURE 31: 2022 POWER DEVICE TARGET MARKET SIZE 67 FIGURE 32: 2027 FORECASTED POWER DEVICE MARKET SIZE 67 FIGURE 33: 2022 TARGET MARKET SIZE FOR SIC AND GAN POWER DEVICES 68 FIGURE 34: 2027 FORECASTED TARGET MARKET SIZE FOR SIC AND GAN POWER DEVICES 68 FIGURE 35: EST. 2022 SUPPLIER MARKET SHARE(EXCLUDING PRECIOUS METALS) 69 FIGURE 36: 2022 REGIONAL SHARE (AS A % OF TOTAL TARGET DEMAND BY USD) 73 FIGURE 37: 2021 EST. GLOBAL CU MINE PRODUCTION 21 MILLION MT 85 FIGURE 38: 2022 EST. GLOBAL REFINED CU CONSUMPTION 25 MILLION MT 87 FIGURE 39: ESTIMATE COPPER CONSUMPTION BY VEHICLE TYPE (KG PER VEHICLE) 88 FIGURE 40: LME CU PRICE CHART 89 FIGURE 41: 2022 EST. TANTALUM MINE PRODUCTION 2000 MT 90 FIGURE 42: 2021 TANTALUM APPLICATION (~2,200 T) 92 FIGURE 43: EST. WORLD BAUXITE MINING PRODUCTION 2022 380 MILLION MT 94 FIGURE 44: EST. WORLD ALUMINUM SMELTING PRODUCTION 2022 69 MILLION MT 95 FIGURE 45: EST. 2022 GLOBAL AL DEMAND 96 MILLION MT 96 FIGURE 46: LME AL PRICE CHART 97 FIGURE 47: EST. GLOBAL TI CONCENTRATE MINING PRODUCTION -2022 9,500 MILLION MT 98 FIGURE 48: TI MINERAL CONCENTRATE PRICING 99 FIGURE 49: EST. GLOBAL 2020 TI MILL PRODUCT OUTPUT, ~175,000 MT 100 FIGURE 50: EST. GLOBAL TI SPONGE PRODUCTION-2022 260,000 THOUSAND MT 101 FIGURE 51: EST. GLOBAL TI SPONGE CAPACITY-2022 350,000 THOUSAND MT 101 FIGURE 52: EST. 2022 W MINE PRODUCTION 84,000 T 106 FIGURE 53: W PRICE CHART 110 FIGURE 54: EST. 2022 CO MINE PRODUCTION 190,000 MT 111 FIGURE 55: EST. 2020 GLOBAL CO DEMAND 175,000 MT 112 FIGURE 56: LME CO METAL PRICE CHART 113 FIGURE 57: EST. 2021 MOLYBDENUM MINING PRODUCTION, 300,000 METRIC TONS 114 FIGURE 58: GENERALIZATION OF MO SUPPLY CHAIN 115 FIGURE 59: EST 2020 MOLYBDENUM USE BY APPLICATION 116 FIGURE 60: 2022 AU MINING PRODUCTION 3,100 MT 117 FIGURE 61: 2022 AG MINING PRODUCTION ~26,000 MT 118 FIGURE 62: GOLD METAL PRICE CHARTS 121 FIGURE 63: SILVER METAL PRICE CHARTS 121 FIGURE 64: PALLADIUM METAL PRICE CHARTS 122 FIGURE 65: PLATINUM METAL PRICE CHARTS 123 FIGURE 66: 3DNAND 134 FIGURE 67: BURIED POWER RAIL STRUCTURE 137 FIGURE 68: MRAM DEVICE STRUCTURE 138 FIGURE 69: CHALCOGENIDE MEMORY ROADMAP (SK HYNIX) 140 TABLES TABLE 1: CHINA’S INTERESTS IN MINING AND REFINING THAT RELATE TO SEMICONDUCTOR SPUTTER TARGET METALS 17 TABLE 2: GLOBAL GDP AND SEMICONDUCTOR REVENUES* 26 TABLE 3: IMF ECONOMIC OUTLOOK* 28 TABLE 4: DATA CENTER SYSTEMS AND COMMUNICATION SERVICES MARKET SPENDING 2022 37 TABLE 5: WIDE BAND GAP (WBG) SEGMENT REVENUES AND CAGRS 65 TABLE 6: ESTIMATED NUMBER OF TARGETS BY POWER DEVICE TYPE 2022 (# OF 200 MM TARGETS, WITH SIC EXPRESSED AS 150MM) 66 TABLE 7: RUTHENIUM TARGET SUPPLIERS 72 TABLE 8: SPUTTERING TARGET SUPPLIER MANUFACTURING LOCATIONS 75 TABLE 9: REGIONAL SPUTTERING MARKETS 76 TABLE 10: ESTIMATED TARGET COST STRUCTURE (FOR REFERENCE ONLY) 77 TABLE 11: PRECIOUS METAL CONSUMPTION BY APPLICATION 119 TABLE 12: LOGIC PVD APPLICATIONS 133 TABLE 13: 3DNAND PVD APPLICATIONS 134 TABLE 14: DRAM PVD APPLICATIONS 135 TABLE 15: PHASE CHANGE MATERIAL TARGET SUPPLIERS 146 TABLE 16: MRAM TARGET SUPPLIERS 146
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