Europe Sputtering Targets Market, Outlook and Forecast 2025-2032
Sputtering targets are high-purity materials used in physical vapor deposition (PVD) processes to create thin films on various substrates. These materials play a critical role in the manufacturing of semiconductors, solar panels, flat-panel displays, and optical communication devices. The sputtering process involves bombarding a target material with high-energy ions, causing atoms to be ejected and deposited onto a substrate, forming a thin film with desired properties.
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Market Size
The Europe sputtering targets market was valued at US$ 523.4 million in 2024 and is projected to reach US$ 782.6 million by 2030, growing at a CAGR of 6.9% during the forecast period. The demand for sputtering targets is driven by advancements in semiconductor technology, increasing adoption of solar energy solutions, and the expanding consumer electronics sector. Germany holds the largest market share, accounting for 35% of the total market, while electronics applications dominate with a 52% share.
Market Segmentation (by Application)
Semiconductor
Solar Energy
Flat Panel Display
Optical Communications
Others
Market Segmentation (by Type)
Pure Metal Targets
Alloy Targets
Compound Targets
Others
Key Company
Kurt J. Lesker Company
Umicore
Plansee SE
Materion Corporation
Heraeus
Testbourne Ltd
AJA International, Inc.
Tosoh SMD
GRIKIN Advanced Material Co., Ltd.
ACI Alloys, Inc.
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FAQ
01. What is the current market size of the Europe Sputtering Targets market?
The Europe Sputtering Targets market was valued at US$ 523.4 million in 2024 and is projected to reach US$ 782.6 million by 2030 at a CAGR of 6.9%.
02. Which are the key companies operating in the Europe Sputtering Targets market?
Key players include Kurt J. Lesker Company, Umicore, Plansee SE, Materion Corporation, Heraeus, and Tosoh SMD, among others.
03. What are the key growth drivers in the Europe Sputtering Targets market?
Major growth drivers include the expanding semiconductor industry, increasing adoption of solar energy, technological innovations, and demand for optical coatings.