Sputter Targets Market Report CMR 2022-2023 (Single User License)

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:

Semiconductor Sputter Targets Forecasting Decline in 2023

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