High Purity Tungsten Sputtering Target Market Report: Trends, Forecast and Competitive Analysis to 2030

High Purity Tungsten Sputtering Target Trends and Forecast

The future of the global high purity tungsten sputtering target market looks promising with opportunities in the memory chip and logic chip markets. The global high purity tungsten sputtering target market is expected to reach an estimated $89 million by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing adoption in the semiconductor and solar cell manufacturing, increasing demand for electronic devices, and on-going advancements in nanotechnology.

A more than 150-page report is developed to help in your business decisions.

High Purity Tungsten Sputtering Target by Segment

The study includes a forecast for the global high purity tungsten sputtering target by type, application, and region.

High Purity Tungsten Sputtering Target Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• 8 Inch
• 12 Inch

High Purity Tungsten Sputtering Target Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Memory Chips
• Logic Chips
• Others

High Purity Tungsten Sputtering Target Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of High Purity Tungsten Sputtering Target Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high purity tungsten sputtering target companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high purity tungsten sputtering target companies profiled in this report include-

• JX Metals
• Tosoh
• Honeywell
• Linde
• ULVAC
• Materion
• Umicore Materials

High Purity Tungsten Sputtering Target Market Insights

Lucintel forecasts that 12 inch is expected to witness the higher growth over the forecast period due to growing demand for advanced electronic devices, including AI, IoT, and 5G technology applications.

Within this market, memory chip is expected to witness the highest growth due to ITS high melting point, low resistivity, and excellent diffusion barrier properties.

APAC is expected to witness highest growth over the forecast period due to rapid industralization, significantly growing solar industry, and the presence of major semiconductor manufacturing hubs in the region.

Features of the Global High Purity Tungsten Sputtering Target Market

Market Size Estimates: High purity tungsten sputtering target market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: High purity tungsten sputtering target market size by type, application, and region in terms of value ($M).

Regional Analysis: High purity tungsten sputtering target market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the high purity tungsten sputtering target market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high purity tungsten sputtering target market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the high purity tungsten sputtering target market size?

Answer: The global high purity tungsten sputtering target market is expected to reach an estimated $89 million by 2030.

Q2. What is the growth forecast for high purity tungsten sputtering target market?

Answer: The global high purity tungsten sputtering target market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the high purity tungsten sputtering target market?

Answer: The major drivers for this market are increasing adoption in the semiconductor and solar cell manufacturing, increasing demand for electronic devices, and on-going advancements in nanotechnology.

Q4. What are the major segments for high purity tungsten sputtering target market?

Answer: The future of the high purity tungsten sputtering target market looks promising with opportunities in the memory chip and logic chip markets.

Q5. Who are the key high purity tungsten sputtering target market companies?

Answer: Some of the key high purity tungsten sputtering target companies are as follows.

• JX Metals
• Tosoh
• Honeywell
• Linde
• ULVAC
• Materion
• Umicore Materials

Q6. Which high purity tungsten sputtering target market segment will be the largest in future?

Answer: Lucintel forecasts that 12 inch is expected to witness the higher growth over the forecast period due to growing demand for advanced electronic devices, including AI, IoT, and 5G technology applications.

Q7. In high purity tungsten sputtering target market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rapid industralization, significantly growing solar industry, and the presence of major semiconductor manufacturing hubs in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the high purity tungsten sputtering target market by type (8 inch and 12 inch), application (memory chip, logic chip, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?