GLOBAL SPUTTERING TARGETS AND EVAPORATION MATERIALS MARKET (2014–2020)
Sputtering and evaporation are classification of physical vapor deposition (PVD) processes in which a very thin film is accumulated on a material or substrate which is further used for various commercial and scientific purposes. In sputtering process, an ionized gas particle displaces atom of a particular material and then gets combined with the substrate at atomic level to produce a thin film. The various sputtering Methods include DC sputtering, Reactive sputtering, RF sputtering, Ion assisted sputtering, Magnetron sputtering and Gas flow sputtering. In evaporation process, the vapors of evaporation material are travelled directly to the substrate in vacuum and condensed back to form thin film or layer. The various evaporation Methods include thermal evaporation, electron-beam evaporation and vacuum evaporation.
Sputtering targets and evaporation materials have wide spectrum of applications including Electronic applications, industrial, Energy, optical coating applications and others. Owing to their dominant applications in diverse end user industries, sputtering targets and evaporation materials market is set to grow with a good pace in the coming years.
Electronics application is estimated to occupy a whooping share of market with more than 50% share in 2013, owing to the proliferation of electronic components and increasing demand for sputtering targets and materials in this sector. Additionally, the dominant applications of these materials for semiconductors, magnetic data storage and displays will boost this segment further in the overall market. Both energy sector applications such as photovoltaic cells, solar thermal collectors and more and industrial applications such as wear, heat and corrosion resistant are estimated to hold considerable share of this market. Collectively, the global sputtering targets and evaporation materials market is estimated to grow at a CAGR of 5.5% during the forecast period (2015–2020).
The global demand for sputtering targets and evaporation materials market is estimated to grow at good pace over the year, owing to the increasing demand from diverse end user verticals including, electronics, automotive, defense, energy sector, commercial and so on.
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