An Incisive, In-depth Analysis on the Sputter Coating Market
This study offers a comprehensive, 360 degree analysis on the Sputter Coating market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sputter Coating market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Sputtering is an advanced technology prominently used in electronics manufacturing wherein coatings of thickness in the range of 3–5 micro meter are obtained. The material that is to be coated exists either in planar or rotary form—termed as sputter target, while the product surface on to which the coating is to be obtained is called “substrate”. Sputter targets are made up of Metal and Elements, Alloys and Compounds. There are over 200 types of sputter targets used across diverse industries. Sputter coating is mainly used for generating transparent conductive oxide (TCO) film on the substrate, which is used in various applications such as flat panel displays, solar panels, and semiconductors among others. The global consumption of sputter coating targets is expected to be pegged at 16,106.0 MT by 2026 end.
Growing demand for smartphones to positively impact the global sputter coatings market
Sputter coating is prominently used in flat panel displays and this is expected to drive the global sputter coatings market owing to a rise in demand across the globe. Growing demand for smartphones, OLED, and LED screens among others in turn is expected to drive the demand for sputter targets over the forecast period. Along with this, growing demand for semiconductors and microelectronics has also stimulated the sputter targets demand over the forecast period. Global semiconductor production is forecast to witness a steady growth of around 6% over 2016–2026, which is anticipated to boost the global sputter coatings market. Furthermore, government investment in solar energy projects helps increase the demand for solar panels. Owing to a rise in demand for high efficiency thin film solar panels across the globe, there is an increase in the demand for sputter targets. Government regulations in developed regions such as North America and Europe pertaining to infrastructure development i.e. zero energy buildings will lead to an increased demand of the low-e glass that will in turn increase the demand for sputter targets. These factors are expected to boost growth of the global sputter coatings market over the forecast period (2016 – 2026).
However, many industries are focussed on the development of alternative methods for effective coatings, and this is likely to adversely impact the demand for sputter targets. The variation in efficiency of coating and price fluctuation are other factors that are expected to restrict the growth of the global sputter coatings market.
By Target Types
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APEJ region is leading the global sputter coatings market
In 2015, Asia Pacific excluding Japan (APEJ) possessed the maximum share of 59.6% (in terms of volume) of the global sputter coatings market and is expected to dominate the market over the forecast period, registering a CAGR of 4.4% between 2016 and 2026.
Taiwan is set to remain a major consumer of sputter targets
In terms of consumption, Taiwan is a major consumer of sputter targets with a volume share of 35% and is expected to dominate the market during the forecast period. South Korea and China are other major consumer markets after Taiwan and it is expected that both countries will witness a healthy growth with collective incremental opportunity of US$ 1.04 Bn over the forecast period.
Solar industry to contribute in the demand for sputter targets in China
In China, demand for sputter targets is expected to grow substantially owing to a rise in demand from the solar industry, glass industry, and electronics industry among others. After APEJ, Japan is the major consumer of sputter targets and is expected to register a CAGR of 4.4% over the forecast period. The demand for sputter coatings in North America and Western Europe is growing due to a rise in demand for solar panels, architectural glass, and optics coating among others. The sputter coatings market in North America and Western Europe is expected to register a CAGR of 3.7% and 3.2% respectively.
Key market players are investing heavily in R&D to gain a foothold in the global sputter coatings market
Some of the major players operating in the global sputter coatings market are Materion Corporation, ULVAC, Inc., JX Nippon Mining & Metal Corporation, Heraeus Holding, Honeywell International Inc., Umicore Group, Praxair S.T. Technology, Inc., Tosoh SMD, Inc., Soleras Advanced Coatings, China Rare Metal Material Co. Ltd., JIANGYIN ENTRET COATING TECHNOLOGY CO. LTD., and GRIKIN Advanced Materials Co. Ltd. Strategic collaborations to enhance their foothold in prominent countries and development of new sputtering methods are the important strategies adopted by key players in the global sputter coatings market.
The report “Sputter Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” presents a 10-year forecast of the global sputter coatings market between 2016 and 2026. Our main objective is to offer insights on the advancements in the global sputter coatings market. Our comprehensive study demonstrates market dynamics that are expected to influence the current environment and future status of the global sputter coatings market over the forecast period (2016 – 2026). In this report, we have focussed on market performance and identified the drivers, restraints, and trends likely to influence the global sputter coatings market over the forecast period. We have also provided information on opportunities available for manufacturers and key players operating in the global sputter coatings market.
To assess market opportunities and to analyse market performance, we have divided the report into three categories based on market segmentation – by Target type, by Application, and by Region – and have provided a comprehensive analysis of the global sputter coatings market in terms of market value and volume for the next 10 years. The report begins with an overview of the global sputter coatings market followed by an in-depth analysis of market dynamics and governing trends. In the subsequent sections, we analyse the global sputter coatings market on the basis of target type, application, and region and provide a detailed market outlook for the forecast period. Our study discusses key regional trends contributing to the growth of the global sputter coatings market and analyses the degree to which drivers are influencing the markets in each region.
In the final section of the report, we have included the global sputter coatings market competitive landscape to provide a dashboard view of key market players operating in the global sputter coatings market. We have also profiled the top market leaders and provided information on their short-term and long-term strategies, key offerings, and recent developments in the global sputter coatings market. This section also discusses the various factors shaping internal as well as external market competition.
This report presents the consumption of sputter coatings across the globe over the forecast period 2016-2026. The forecast for consumption of sputter coatings is developed on the basis of macroeconomic factors and other factors driving industry growth. Key data points such as regional split and market split by segments and qualitative inputs from primary respondents have been incorporated to arrive at suitable market estimates. While developing the market forecast, we have begun by sizing up the current market, which forms the basis for forecasting how the global sputter coatings market is anticipated to take shape during the forecast period. Given the characteristics of the market, we have triangulated the gathered data on the basis of various analyses based on both supply side and demand side drivers and various other dynamics of the global sputter coatings market.
Also, it is important to note that we have conducted the market forecasts not only in terms of CAGR, but we have also analysed the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities in the global sputter coatings market. The segments and sub-segments of the global sputter coatings market have also been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important to identify the many key trends governing the global sputter coatings market.
Another useful feature of our report on the global sputter coatings market is an analysis of all segments in terms of absolute dollar opportunity, usually overlooked while forecasting the market. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective in the global sputter coatings market. Further, in order to understand key growth segments in terms of their growth and performance in the global sputter coatings market, we have developed a market attractiveness index to help providers identify real market opportunities.
Sputter Coating Market Reports - Table of Contents
1. Executive Summary