Sputter Targets Market Report (a Critical Materials Report) 2023-2024

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.

This report comes with 3 Quarterly Updates featuring updated market information and forecasting from the report analyst.

1. EXECUTIVE SUMMARY

1.1. TARGET BUSINESS-MARKET OVERVIEW
1.2. TARGET MARKET TRENDS IMPACTING 2023 OUTLOOK
1.3. TECHNOLOGY TRENDS
1.4. TARGET MARKET FORECAST
1.5. COMPETITIVE LANDSCAPE
1.6. EHS ISSUES/CONCERNS
1.7. TARGET MARKET ASSESSMENT

2. SCOPE, PURPOSE AND METHODOLOGY

2.1. SCOPE
2.2. PURPOSE
2.3. METHODOLOGY
2.4. OVERVIEW OF OTHER TECHCET CMR™ REPORTS

3. SEMICONDUCTOR INDUSTRY MARKET STATUS & OUTLOOK

3.1. WORLDWIDE ECONOMY AND OUTLOOK
- 3.1.1. SEMICONDUCTOR INDUSTRIES TIES TO THE GLOBAL ECONOMY
- 3.1.2. TAIWAN OUTSOURCE MANUFACTURER MONTHLY SALES TRENDS
- 3.1.3. SEMICONDUCTOR SALES GROWTH
3.2. CHIPS SALES BY ELECTRONIC GOODS SEGMENT
- 3.2.1. SMARTPHONES
- 3.2.2. PC UNIT SHIPMENTS
- 3.2.3. SERVERS / IT MARKET
3.3. SEMICONDUCTOR FABRICATION GROWTH & EXPANSION
- 3.3.1. FAB EXPANSION ANNOUNCEMENT SUMMARY
- 3.3.2. WW FAB EXPANSION DRIVING GROWTH
- 3.3.3. EQUIPMENT SPENDING TRENDS
- 3.3.4. TECHNOLOGY ROADMAPS
- 3.3.5. FAB INVESTMENT ASSESSMENT
3.4. POLICY & TRADE TRENDS AND IMPACT
3.5. SEMICONDUCTOR MATERIALS OVERVIEW
- 3.5.1. COULD MATERIALS CAPACITY LIMIT CHIP PRODUCTION SCHEDULES?
- 3.5.2. LOGISTICS ISSUES EASED DOWN
- 3.5.3. TECHCET WAFER STARTS FORECAST THROUGH 2027
- 3.5.4. TECHCET'S MATERIAL FORECAST

4. SPUTTERING TARGET MARKET LANDSCAPE AND FORECAST

4.1. CY2023 MARKET LANDSCAPE HIGHLIGHTS
4.2. MARKET STATISTICS & FORECASTS
4.3. FORECAST METHODOLOGY
- 4.3.1. TARGET MARKET FORECAST
- 4.3.2. 2023 TARGET MARKET SIZE BY TYPE
- 4.3.3. ESTIMATE FOR PRECIOUS METAL TARGET MARKET
- 4.3.4. TOTAL SPUTTERING TARGET MARKET FORECAST
- 4.3.5. COPPER MARKET FORECAST
- 4.3.6. TANTALUM MARKET FORECAST
- 4.3.7. ALUMINUM MARKET FORECAST
- 4.3.8. TITANIUM MARKET FORECAST
- 4.3.9. NIV, AL, AG, AU, TI TARGETS USED IN POWER DEVICES-WIDE BAND GAP DEVICES
- 4.3.10. TARGET METAL FORECAST BY POWER DEVICE TYPE
- 4.3.11. TARGET METAL FORECAST FOR SIC AND GAN POWER DEVICES
4.4. SUPPLIER MARKET SHARE AND ACTIVITY
- 4.4.1. TARGET SUPPLIER UPDATES-1 OF 3
- 4.4.2. TARGET COMPANY UPDATES-2 OF 3
- 4.4.3. RUTHENIUM TARGET SUPPLIERS
4.5. COMMENT ON REGIONAL TRENDS/DRIVERS
- 4.5.1. REGIONAL TRENDS AND ISSUES
- 4.5.2. SPUTTERING TARGET PRODUCTION LOCATIONS-REGIONAL TRENDS
- 4.5.3. REGIONAL MARKET SIZE AND TRENDS
4.6. METAL TARGET COST STRUCTURE
4.7. EHS/SUSTAINABILITY, REGULATIONS, AND LOGISTIC ISSUES
4.8. M&A ACTIVITY AND PARTNERSHIPS
4.9. PLANT CLOSURES-NONE
4.10. NEW ENTRANTS-NONE
4.11. RISKS & DISCONTINUATIONS
4.12. TECHCET ANALYST ASSESSMENT OF TARGET SUPPLIERS AND MARKET

5. SUB-TIER SUPPLY-CHAINS

5.1. COPPER (CU) METAL-RAW MATERIAL
- 5.1.1. CU METAL- RAW MATERIAL SUPPLY CHAIN
- 5.1.2. CU METAL-MARKET DEMAND
- 5.1.3. CU DEMAND IN VEHICLES
- 5.1.4. LME CU METAL PRICING
5.2. TANTALUM (TA)-RAW MATERIAL
- 5.2.1. TA METAL-MINING SUPPLY CHAIN TRENDS
- 5.2.2. TA METAL-GLOBAL DEMAND
- 5.2.3. TA METAL-CLOSED MARKET ECONOMICS
5.3. ALUMINUM (AL) METAL-BAUXITE AND ALUMINA MINING
- 5.3.1. AL METAL-SMELTING
- 5.3.2. AL METAL-GLOBAL DEMAND
- 5.3.3. LME AL METAL PRICING
5.4. TITANIUM (TI) METAL- TI MINERAL CONCENTRATE
- 5.4.1. TI MINERAL CONCENTRATE PRICING
- 5.4.2. TI METAL-MILL PRODUCT DEMAND
- 5.4.3. TI METAL-SPONGE PRODUCTION AND CAPACITY
- 5.4.4. TI METAL-SPONGE PRODUCTION AND CAPACITY
- 5.4.5. TI METAL MARKET TRENDS-RUSSIA/UKRAINE CONFLICT
- 5.4.6. TI METAL-TI SPONGE FOR SEMICONDUCTOR
- 5.4.7. TI METAL- TI SPONGE PRODUCTION ACTIVITY IN CHINA
5.5. TUNGSTEN (W) METAL-MINING
- 5.5.1. W METAL-GLOBAL DEMAND
- 5.5.2. W SUPPLY CHAIN AND CHINA
- 5.5.3. W METAL-HIGH PURITY W POWDER SUPPLIERS
- 5.5.4. W METAL PRICING
5.6. COBALT (CO) METAL-MINING
- 5.6.1. CO METAL-DEMAND
- 5.6.2. CO METAL PRICING
5.7. MOLYBDENUM (MO) METAL-MINING
- 5.7.1. GENERALIZATION OF MO SUPPLY CHAIN
- 5.7.2. MO APPLICATIONS
5.8. PRECIOUS METALS-GOLD (AU) MINING PRODUCTION
- 5.8.1. PRECIOUS METALS-SILVER (AG) MINING
- 5.8.2. PRECIOUS METALS CONSUMPTION BY APPLICATIONS
- 5.8.3. PRECIOUS METAL SUPPLY/DEMAND TRENDS
- 5.8.4. PRECIOUS METAL PRICING
- 5.8.5. PRECIOUS METAL PRICING
- 5.8.6. HIGH-PURITY MANGANESE (MN)
5.9. SUB-TIER SUPPLY-CHAIN: DISRUPTIONS
5.10. SUB-TIER SUPPLY-CHAIN M&A ACTIVITY
5.11. SUB-TIER SUPPLY-CHAIN EHS AND LOGISTICS ISSUES
5.12. SUB-TIER SUPPLY-CHAIN TECHCET ANALYST ASSESSMENT
- 5.12.1. SPUTTER TARGETS SUB-TIER MARKET ASSESSMENT

6. TECHNICAL DRIVERS/MATERIAL CHANGES AND TRANSITIONS

6.1. 300 MM TARGET MARKET SEGMENT DRIVERS DEVICES
- 6.1.1. 200 MM TARGET MARKET SEGMENT DRIVERS
- 6.1.2. LOGIC-GENERAL PROCESS FLOW LOGIC PVD 10 NM & BELOW
- 6.1.3. GENERAL PROCESS FLOW ADVANCED DRAM
6.2. NEW DEVELOPMENTS IN THE TECHNOLOGY OR MARKETS: UNIVERSITY AND SUPPLIER R&D IN 5-7 YEARS
- 6.2.1. POWER RAIL
- 6.2.2. SPECIALTY (STT MRAM, FE RAM, OTHER) MEMORY PVD MATERIALS
- 6.2.3. PIEZOELECTRIC MATERIALS-PZT

7. SUPPLIER PROFILES

FURUYA METAL CO.
GO ELEMENT
GRIKIN
HONEYWELL
HUIZHOU TOP METAL MATERIAL (TOPM)
...and 15+ more

8. APPENDICES

TABLE OF FIGURES

FIGURE 1: TOTAL SPUTTERING TARGET MARKET REVENUES
FIGURE 2: SEMICONDUCTOR TARGET MARKET FORECAST
FIGURE 3: GLOBAL ECONOMY AND THE ELECTRONICS SUPPLY CHAIN (2022)
FIGURE 4: 3-MONTH AVERAGE MONTHLY SALES FROM TAIWAN (TSMC, UMC, VIS, ASE GLOBAL, CHIPMOS, KYEC)
FIGURE 5: WORLDWIDE SEMICONDUCTOR SALES
FIGURE 6: 2022 SEMICONDUCTOR CHIP APPLICATIONS
FIGURE 7: MOBILE PHONE SHIPMENTS WW ESTIMATES
FIGURE 8: WORLDWIDE PC AND TABLET FORECAST
FIGURE 9: ELECTRIFICATION TREND BY WORLD REGION
FIGURE 10: SEMICONDUCTOR AUTOMOTIVE PRODUCTION
FIGURE 11: TSMC PHOENIX INVESTMENT ESTIMATED WILL BE US $40B
FIGURE 12: CHIP EXPANSIONS 2022-2027 US $366B
FIGURE 13: SEMICONDUCTOR CHIP MANUFACTURING REGIONS OF THE WORLD
FIGURE 14: GLOBAL TOTAL EQUIPMENT SPENDING BY SEGMENT (US$ B)
FIGURE 15: OVERVIEW OF ADVANCED LOGIC DEVICE TECHNOLOGY ROADMAP
FIGURE 16: INTEL OHIO PLANT SITE FEB. 2023 AND ARTIST RENDERING (ON BOTTOM)
FIGURE 17: EUROPE CHIP EXPANSION UPSIDE
FIGURE 18: PORT OF LA
FIGURE 19: TECHCET WAFER START FORECAST BY NODE
FIGURE 20: GLOBAL SEMICONDUCTOR MATERIALS OUTLOOK
FIGURE 21: SPUTTERING TARGET MARKET FORECAST
FIGURE 22: ESTIMATED 2023 SPUTTERING TARGET MARKET SIZE BY MATERIAL SEGMENT (IN US$ MILLIONS)
FIGURE 23: PRECIOUS METAL TARGET FORECAST (AFTER PRECIOUS METAL VALUE PASS THROUGH)
FIGURE 24: TOTAL METAL TARGET FORECAST (AFTER PRECIOUS METAL VALUE PASS THROUGH
FIGURE 25: SPUTTERING TARGET MARKET FORECAST
FIGURE 26: ESTIMATE OF 2022 CU TARGET SALE BY TYPE
FIGURE 27: ESTIMATE CU AND TA TARGETS SALES BY LOGIC NODE
FIGURE 28: TA SPUTTERING TARGET MARKET FORECAST
FIGURE 29: AL SPUTTERING TARGET MARKET FORECAST
FIGURE 30: TI SPUTTERING TARGET MARKET FORECAST
FIGURE 31: 2022 POWER DEVICE TARGET MARKET SIZE
FIGURE 32: 2027 FORECASTED POWER DEVICE MARKET SIZE
FIGURE 33: 2022 TARGET MARKET SIZE FOR SIC AND GAN POWER DEVICES
FIGURE 34: 2027 FORECASTED TARGET MARKET SIZE FOR SIC AND GAN POWER DEVICES
FIGURE 35: EST. 2022 SUPPLIER MARKET SHARE(EXCLUDING PRECIOUS METALS)
FIGURE 36: 2022 REGIONAL SHARE (AS A % OF TOTAL TARGET DEMAND BY USD)
FIGURE 37: 2021 EST. GLOBAL CU MINE PRODUCTION 21 MILLION MT
FIGURE 38: 2022 EST. GLOBAL REFINED CU CONSUMPTION 25 MILLION MT
FIGURE 39: ESTIMATE COPPER CONSUMPTION BY VEHICLE TYPE (KG PER VEHICLE)
FIGURE 40: LME CU PRICE CHART
FIGURE 41: 2022 EST. TANTALUM MINE PRODUCTION 2000 MT
FIGURE 42: 2021 TANTALUM APPLICATION (~2,200 T)
FIGURE 43: EST. WORLD BAUXITE MINING PRODUCTION 2022 380 MILLION MT
FIGURE 44: EST. WORLD ALUMINUM SMELTING PRODUCTION 2022 69 MILLION MT
FIGURE 45: EST. 2022 GLOBAL AL DEMAND 96 MILLION MT
FIGURE 46: LME AL PRICE CHART
FIGURE 47: EST. GLOBAL TI CONCENTRATE MINING PRODUCTION -2022 9,500 MILLION MT
FIGURE 48: TI MINERAL CONCENTRATE PRICING
FIGURE 49: EST. GLOBAL 2020 TI MILL PRODUCT OUTPUT, ~175,000 MT
FIGURE 50: EST. GLOBAL TI SPONGE PRODUCTION-2022 260,000 THOUSAND MT
FIGURE 51: EST. GLOBAL TI SPONGE CAPACITY-2022 350,000 THOUSAND MT
FIGURE 52: EST. 2022 W MINE PRODUCTION 84,000 T
FIGURE 53: W PRICE CHART
FIGURE 54: EST. 2022 CO MINE PRODUCTION 190,000 MT
FIGURE 55: EST. 2020 GLOBAL CO DEMAND 175,000 MT
FIGURE 56: LME CO METAL PRICE CHART
FIGURE 57: EST. 2021 MOLYBDENUM MINING PRODUCTION, 300,000 METRIC TONS
FIGURE 58: GENERALIZATION OF MO SUPPLY CHAIN
FIGURE 59: EST 2020 MOLYBDENUM USE BY APPLICATION
FIGURE 60: 2022 AU MINING PRODUCTION 3,100 MT
FIGURE 61: 2022 AG MINING PRODUCTION ~26,000 MT
FIGURE 62: GOLD METAL PRICE CHARTS
FIGURE 63: SILVER METAL PRICE CHARTS
FIGURE 64: PALLADIUM METAL PRICE CHARTS
FIGURE 65: PLATINUM METAL PRICE CHARTS
FIGURE 66: 3DNAND
FIGURE 67: BURIED POWER RAIL STRUCTURE
FIGURE 68: MRAM DEVICE STRUCTURE
FIGURE 69: CHALCOGENIDE MEMORY ROADMAP (SK HYNIX)

TABLES

TABLE 1: CHINA'S INTERESTS IN MINING AND REFINING THAT RELATE TO SEMICONDUCTOR SPUTTER TARGET METALS
TABLE 2: GLOBAL GDP AND SEMICONDUCTOR REVENUES*
TABLE 3: IMF ECONOMIC OUTLOOK*
TABLE 4: DATA CENTER SYSTEMS AND COMMUNICATION SERVICES MARKET SPENDING 2022
TABLE 5: WIDE BAND GAP (WBG) SEGMENT REVENUES AND CAGRS
TABLE 6: ESTIMATED NUMBER OF TARGETS BY POWER DEVICE TYPE 2022 (# OF 200 MM TARGETS, WITH SIC EXPRESSED AS 150MM)
TABLE 7: RUTHENIUM TARGET SUPPLIERS
TABLE 8: SPUTTERING TARGET SUPPLIER MANUFACTURING LOCATIONS
TABLE 9: REGIONAL SPUTTERING MARKETS
TABLE 10: ESTIMATED TARGET COST STRUCTURE (FOR REFERENCE ONLY)
TABLE 11: PRECIOUS METAL CONSUMPTION BY APPLICATION
TABLE 12: LOGIC PVD APPLICATIONS
TABLE 13: 3DNAND PVD APPLICATIONS
TABLE 14: DRAM PVD APPLICATIONS
TABLE 15: PHASE CHANGE MATERIAL TARGET SUPPLIERS
TABLE 16: MRAM TARGET SUPPLIERS