Flat Panel Display Sputtering Targets Market, Global Outlook and Forecast 2024-2030
The global Flat Panel Display Sputtering Targets market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 1.89 billion by 2030, at a CAGR of 7.4% during the forecast period 2024-2030.
The United States Flat Panel Display Sputtering Targets market size was valued at US$ 289.5 million in 2024 and is projected to reach US$ 432.7 million by 2030, at a CAGR of 6.9% during the forecast period 2024-2030.
Flat Panel Display Sputtering Targets are high-purity materials used in the manufacturing process of flat panel displays, enabling the deposition of thin films for various display technologies.
The global market is expanding steadily, driven by display manufacturing capacity and technology advances. In 2023, consumption reached 12,000 metric tons globally, with LCD manufacturing accounting for 55% of demand. The market saw a 25% increase in OLED target demand in 2023. ITO targets dominate with a 45% market share, while metal targets are growing at 9% annually. Asia Pacific leads with a 70% market share and is the fastest-growing region at 8.2% CAGR. The industry is focusing on developing new material compositions, with a 30% growth in R&D investments for next-gen display technologies.
Report Overview
Sputtering is the process of forming a thin film when the object is attached to the target substrate by the sputtering and scattering, and the sputtering target is the material for high-speed particle bombardment. This report studies the Flat Panel Display sputtering target material market.
This report provides a deep insight into the global Flat Panel Display Sputtering Targets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Flat Panel Display Sputtering Targets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Flat Panel Display Sputtering Targets market in any manner.
Global Flat Panel Display Sputtering Targets Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
JX Nippon Mining & Metals Corporation
Praxair
Mitsui Mining & Smelting
Hitachi Metals
Sumitomo Chemical
ULVAC
Materion (Heraeus)
TOSOH
Ningbo Jiangfeng
Heesung
Luvata
Fujian Acetron New Materials Co., Ltd
Changzhou Sujing Electronic Material
Luoyang Sifon Electronic Materials
FURAYA Metals Co., Ltd
Market Segmentation (by Type)
Metal Target
Alloy Target
Ceramic Compound Target
Market Segmentation (by Application)
LCD
LED
OLED
Geographic Segmentation
