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:
Click here for PDF download of full Table of Contents
1 EXECUTIVE SUMMARY 9 1.1 TARGET BUSINESS – MARKET OVERVIEW 10 1.2 TARGET MARKET TRENDS IMPACTING 2022 OUTLOOK 11 1.3 TECHNOLOGY TRENDS 12 1.4 TARGET MARKET FORECAST 14 1.4.1 ESTIMATE FOR PRECIOUS METAL TARGET MARKET 15 1.5 COMPETITIVE LANDSCAPE 16 1.6 EHS ISSUES/CONCERNS 17 1.7 TARGET MARKET ASSESSMENT 18 2 SCOPE, PURPOSE AND METHODOLOGY 20 2.1 PURPOSE 21 2.2 METHODOLOGY 22 2.3 OVERVIEW OF OTHER TECHCET CMR™ REPORTS 23 3 SEMICONDUCTOR INDUSTRY MARKET STATUS & OUTLOOK 24 3.1 WORLDWIDE ECONOMY 25 3.1.1 SEMICONDUCTOR INDUSTRIES TIES TO THE GLOBAL ECONOMY 27 3.1.2 SEMICONDUCTOR SALES GROWTH 28 3.1.3 TAIWAN MONTHLY SALES TRENDS 29 3.1.4 UNCERTAINTY ABOUNDS ESPECIALLY FOR 2023 - SLOWER TO NEGATIVE SEMI REVENUE GROWTH EXPECTED 30 3.2 ELECTRONIC GOODS MARKET 31 3.2.1 SMARTPHONES 32 3.2.2 PC UNIT SHIPMENTS 33 3.2.3 SERVERS / IT MARKET 35 3.3 SEMICONDUCTOR FABRICATION GROWTH & EXPANSION 37 3.3.1 FAB EXPANSION ANNOUNCEMENT SUMMARY 38 3.3.2 WW FAB EXPANSION DRIVING GROWTH 39 3.3.3 EQUIPMENT SPENDING TRENDS 40 3.3.4 TECHNOLOGY ROADMAPS 41 3.3.5 FAB INVESTMENT ASSESSMENT 42 3.4 POLICY & TRADE TRENDS AND IMPACT 43 3.4.1 POLICY AND TRADE ISSUES 44 3.5 SEMICONDUCTOR MATERIALS OUTLOOK 45 3.5.1 COULD MATERIALS CAPACITY LIMIT CHIP PRODUCTION SCHEDULES? 46 3.5.2 CONTINUED LOGISTICS ISSUES PLAGUE THE WESTERN WORLD 47 3.5.3 TECHCET WAFER STARTS FORECAST THROUGH 2026 48 3.5.4 TECHCET’S MATERIAL FORECAST 50 4 SPUTTERING TARGET TRENDS 51 4.1 CY2022 MARKET ASSESSMENT 52 4.2 2021 TARGET MARKET REVENUE ESTIMATE 53 4.3 2021 TARGET MARKET SPLIT BY DEVICE TYPE / NODE 54 4.4 SUB-TIER SUPPLY-CHAIN STATUS & TRENDS FOR 2022 55 4.5 TECHNICAL DRIVERS / MATERIAL CHANGES AND TRANSITIONS 56 4.5.1 GENERAL PROCESS FLOW LOGIC PVD 10NM & BELOW 57 4.5.2 GENERAL PROCESS FLOW ADVANCED DRAM 58 4.5.3 LEADING EDGE DEVICE ARCHITECTURE 59 4.5.4 300 MM TARGET MARKET SEGMENT DRIVERS DEVICES 60 4.5.5 200 MM TARGET MARKET SEGMENT DRIVERS 62 4.5.6 NEW DEVELOPMENTS IN THE TECHNOLOGY OR MARKETS: UNIVERSITY AND SUPPLIER R&D IN 5-7 YEARS 63 4.5.7 EMERGING MEMORY MATERIALS 65 4.5.8 CHALCOGENIDE PVD TARGETS 68 4.5.9 PIEZOELECTRIC MATERIALS – PZT 69 4.6 COMMENT ON REGIONAL TRENDS/DRIVERS 72 4.6.1 REGIONAL TRENDS AND ISSUES 73 4.6.2 SPUTTERING TARGET PRODUCTION LOCATIONS– REGIONAL TRENDS 74 4.6.3 REGIONAL MARKET SIZE AND TRENDS 75 4.7 METAL TARGET COST STRUCTURE 76 4.7.1 ESTIMATED TARGET COST STRUCTURE OVERVIEW 77 4.8 EHS, REGULATIONS, AND LOGISTIC ISSUES 78 4.8.1 LOGISTIC ISSUES 79 4.8.2 EHS ISSUES 80 5 SPUTTERING TARGET MARKET SIZE AND FORECAST 81 5.1 MARKET STATISTICS & FORECASTS 82 5.1.1 TARGET MARKET FORECAST 83 5.1.2 SPUTTER TARGET FORECAST METHODOLOGY 84 5.1.3 2022 TARGET MARKET SIZE BY TYPE 85 5.1.4 ESTIMATE FOR PRECIOUS METAL TARGET MARKET 86 5.1.5 TOTAL SPUTTERING TARGET MARKET FORECAST 87 5.1.6 COPPER MARKET FORECAST 88 5.1.7 TANTALUM MARKET FORECAST 90 5.1.8 ALUMINUM MARKET FORECAST 91 5.1.9 TITANIUM MARKET FORECAST 92 5.2 SUPPLIER MARKET SHARE AND ACTIVITY 93 5.2.1 ESTIMATED 2021 MARKET SHARE 94 5.2.2 TARGET SUPPLIER UPDATES – 1 OF 3 95 5.2.3 EMERGING MEMORY TARGETS MATERIAL SUPPLIERS 98 5.2.4 RUTHENIUM TARGET SUPPLIERS 99 5.3 M&A ACTIVITY AND PARTNERSHIPS 100 5.4 PLANT CLOSURES - NONE 101 5.5 NEW ENTRANTS - NONE 102 5.6 SUPPLIERS OR PARTS/PRODUCT LINE THAT ARE AT RISK OF DISCONTINUATION 103 5.7 RISKS & DISCONTINUATIONS 104 5.8 ASSESSMENT OF TARGET SUPPLIERS AND MARKET 105 6 TECHNICAL DRIVERS/MATERIAL CHANGES AND TRANSITIONS 102 6.1 SUB TIER SUPPLY-CHAIN: SOURCES & MARKETS 108 6.1.1 COPPER (CU) METAL- RAW MATERIAL 109 6.1.2 TANTALUM (TA)- RAW MATERIAL 112 6.1.3 ALUMINUM (AL) METAL- BAUXITE AND ALUMINA MINING 117 6.1.4 TITANIUM (TI) METAL- TI MINERAL CONCENTRATE 120 6.1.5 TUNGSTEN (W) METAL- MINING 128 6.1.6 COBALT (CO) METAL- MINING 132 6.1.7 MOLYBDENUM (MO) METAL- MINING 136 6.1.8 PRECIOUS METALS- GOLD (AU) MINING PRODUCTION 139 6.1.9 HIGH-PURITY MANGANESE (MN) 144 6.1.10 RARE EARTH SUPPLY NEWS 145 6.2 SUB-TIER SUPPLY-CHAIN: DISRUPTIONS 149 6.2.1 SUB-TIER SUPPLY-CHAIN DISRUPTIONS 150 6.3 SUB-TIER SUPPLY-CHAIN EHS AND LOGISTICS ISSUES 151 6.3.1 SUB-TIER SUPPLY-CHAIN EHS AND LOGISTICS ISSUES 152 6.4 SUB-TIER SUPPLY-CHAIN PRICING TRENDS 153 6.4.1 CU METAL PRICING 154 6.4.2 TANTALUM METAL PRICING 155 6.4.3 AL METAL PRICING 156 6.4.4 TI SPONGE PRICING 157 6.4.5 CO METAL PRICING 158 6.4.6 W METAL PRICING 159 6.4.7 MO METAL PRICING 160 6.4.8 PRECIOUS METAL PRICING 161 6.5 SUB-TIER SUPPLY-CHAIN TECHCET ANALYST ASSESSMENT 164 6.5.1 SPUTTER TARGETS SUB-TIER MARKET ASSESSMENT 165 7 SUPPLIER PROFILES 167 Furuya Metal Co. Ltd. GO Element Corp Grikin Honeywell Electronic Materials JX NIPPON ...and many more TABLE OF FIGURES FIGURE1: TOTAL SPUTTER TARGET REVENUE HISTORY AND FORECAST ESTIMATES 10 FIGURE 2: SPUTTER TARGET (NON-PRECIOUS METALS) REVENUE HISTORY AND FORECAST ESTIMATES 14 FIGURE 3: PRECIOUS METALS SPUTTER TARGET REVENUE HISTORY AND FORECAST ESTIMATES 15 FIGURE 4: GLOBAL ECONOMY AND THE ELECTRONICS SUPPLY CHAIN (2021) 27 FIGURE 5: WORLDWIDE SEMICONDUCTOR SALES 28 FIGURE 6: TECHCET’S TAIWAN SEMICONDUCTOR INDUSTRY INDEX*. 29 FIGURE 7: 2022 SEMICONDUCTOR INDUSTRY REVENUE GROWTH FORECASTS 30 FIGURE 8: 2023 SEMICONDUCTOR INDUSTRY REVENUE GROWTH FORECASTS 30 FIGURE 9: SEMICONDUCTOR CHIP APPLICATIONS 31 FIGURE 10: MOBILE PHONE SHIPMENTS WW ESTIMATES 32 FIGURE 11: WORLDWIDE PC AND TABLET FORECAST, 2021, Q3 33 FIGURE 12: GLOBAL EV TRENDS 34 FIGURE 13: SEMICONDUCTOR SPEND PER VEHICLE TYPE 35 FIGURE 14: TSMC CONSTRUCTION SITE IN ARIZONA. 37 FIGURE 15: CHIP EXPANSIONS 2021-2026 > US$460 B 38 FIGURE 16: SEMICONDUCTOR CHIP MANUFACTURING REGIONS OF THE WORLD 39 FIGURE 17: 3-MONTH AVERAGE SEMICONDUCTOR EQUIPMENT BILLINGS 40 FIGURE 18: OVERVIEW OF DEVICE TECHNOLOGY ROADMAP 41 FIGURE 19: EUROPE CHIP EXPANSION UPSIDE 46 FIGURE 20: TECHCET WAFER START FORECAST BY NODE 48 FIGURE 21: TECHCET MATERIALS FORECAST 50 FIGURE 22: SPUTTERING TARGET (NON-PRECIOUS METALS) 2022 REVENUE HISTORY & FORECAST ESTIMATES 53 FIGURE 23: 2022F SPUTTERING TARGET MARKET BY DEVICE TYPE/NODE 54 FIGURE 24: EXAMPLES OF COBALT APPLICATIONS IN LOGIC DEVICES 57 FIGURE 25: DRAM CAPACITOR 58 FIGURE 26: IMEC 2021 LOGIC ROADMAP 59 FIGURE 27: DAMASCENE SCHEMATIC 61 FIGURE 28: SC CONTENT IN AL VS. PIEZOELECTRIC RESPONSE 71 FIGURE 29: REGIONAL SHARE (AS A % OF TOTAL TARGET DEMAND BY USD) 72 FIGURE 30: SPUTTER TARGET (NON-PRECIOUS METALS) REVENUE HISTORY AND FORECAST ESTIMATES 83 FIGURE 31: ESTIMATED 2022 SPUTTERING TARGET MARKET SIZE BY MATERIAL SEGMENT (IN US$ MILLIONS) 85 FIGURE 32: PRECIOUS METALS SPUTTER TARGET REVENUE HISTORY AND FORECAST ESTIMATES 86 FIGURE 33: TOTAL SPUTTER TARGET REVENUE HISTORY AND FORECAST ESTIMATES 87 FIGURE 34: SPUTTERING TARGET MARKET FORECAST 88 FIGURE 35: ESTIMATE OF 2021 CU TARGET SALE BY TYPE 89 FIGURE 36: TA SPUTTERING TARGET MARKET FORECAST 90 FIGURE 37: AL SPUTTERING TARGET MARKET FORECAST 91 FIGURE 38: TI SPUTTERING TARGET MARKET FORECAST 92 FIGURE 39: EST. 2021 SUPPLIER MARKET SHARE (EXCLUDING PRECIOUS METALS) 94 FIGURE 40: 2021 EST. GLOBAL CU MINE PRODUCTION 21 MILLION MT 109 FIGURE 41: 2021 EST. GLOBAL REFINED CU CONSUMPTION 25 MILLION MT 111 FIGURE 42: 2021 EST. TANTALUM MINE PRODUCTION 2100 MT 112 FIGURE 43: 2021 TANTALUM APPLICATION (~2,200 T) 115 FIGURE 44: EST. WORLD BAUXITE MINING PRODUCTION 2021 390 MILLION MT 117 FIGURE 45: EST. WORLD ALUMINUM SMELTING PRODUCTION 2021 68 MILLION MT 118 FIGURE 46: EST. 2020 GLOBAL AL DEMAND 89.8 MILLION MT 119 FIGURE 47: EST. GLOBAL TI CONCENTRATE MINING PRODUCTION- 2021 9,000 MILLION MT 120 FIGURE 48: TI MINERAL CONCENTRATE PRICING 121 FIGURE 49: EST. GLOBAL 2020 TI MILL PRODUCT OUTPUT, ~175,000 MT 122 FIGURE 50: EST. GLOBAL TI SPONGE PRODUCTION-2021 210,000 THOUSAND MT 124 FIGURE 51: EST. GLOBAL TI SPONGE CAPACITY-2021 350,000 THOUSAND MT 124 FIGURE 52: EST. GLOBAL TI SPONGE FORECAST 125 FIGURE 53: EST. 2020 W MINE PRODUCTION 79,000 T 128 FIGURE 54: 2020 GLOBAL W DEMAND ~92,000 129 FIGURE 55: EST. 2021 CO MINE PRODUCTION 170,000 MT 132 FIGURE 56: EST. 2020 GLOBAL CO DEMAND 175,000 MT 135 FIGURE 57: EST. 2021 MOLYBDENUM MINING PRODUCTION, 300,000 METRIC TONS 136 FIGURE 58: GENERALIZATION OF MO SUPPLY CHAIN 137 FIGURE 59: EST 2020 MOLYBDENUM USE BY APPLICATION 138 FIGURE 60: 2021 AU MINING PRODUCTION~3,000 MT 139 FIGURE 61: 2021 AG MINING PRODUCTION~24,000 MT 140 FIGURE 62: LME CU PRICE CHART 154 FIGURE 63: TA PRICE TREND 155 FIGURE 64: LME AL PRICE CHART 156 FIGURE 65: TI SPONGE PRICE CHART 157 FIGURE 66: LME CO METAL PRICE CHART 158 FIGURE 67: W PRICE CHART 159 FIGURE 68: MOLYBDENUM PRICING 160 FIGURE 69: PRECIOUS METAL PRICE CHARTS 161 FIGURE 70: PRECIOUS METAL PRICE CHARTS 162 TABLES TABLE 1: GLOBAL GDP AND SEMICONDUCTOR REVENUES* 25 TABLE 2: IMF ECONOMIC OUTLOOK* 26 TABLE 3: DATA CENTER SYSTEMS AND COMMUNICATION SERVICES FORECAST 2021 36 TABLE 4: LOGIC PVD APPLICATIONS 57 TABLE 5: DRAM PVD APPLICATIONS 58 TABLE 6: SPUTTERING TARGET SUPPLIER MANUFACTURING LOCATIONS 74 TABLE 7: REGIONAL SPUTTERING MARKETS 75 TABLE 8: ESTIMATED TARGET COST STRUCTURE (FOR REFERENCE ONLY) 77 TABLE 9: PHASE CHANGE MATERIAL TARGET SUPPLIERS 98 TABLE 10: MRAM TARGET SUPPLIERS 98 TABLE 11: RUTHENIUM TARGET SUPPLIERS 99 TABLE 12: PRECIOUS METAL CONSUMPTION BY APPLICATION 141
Reviews
There are no reviews yet.