Dysprosium Sputtering Target Market Trends and Forecast
The future of the global dysprosium sputtering target market looks promising with opportunities in the semiconductor, chemical vapor deposition, and physical vapor deposition markets. The global dysprosium sputtering target market is expected to grow with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are increasing use of dysprosium sputtering targets in the production of high-performance permanent magnets, growing applications of dysprosium sputtering targets in high-temperature superconductors, and growing demand in electronics.
• Lucintel forecasts that purity 99% is expected to witness the highest growth over the forecast period.
• Within this market, semiconductor is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Dysprosium Sputtering Target Market
• United States - Applied Materials in the United States has recently introduced advanced dysprosium sputtering targets aimed at enhancing the production of high-performance permanent magnets. This initiative addresses the increasing demand in sectors such as electric vehicles and renewable energy.
• China - China Minmetals Corporation has expanded its production capacity of dysprosium sputtering targets to meet the growing demand in semiconductor and electric vehicle industries. This expansion is part of ChinaÄX%$%Xs strategic efforts to bolster domestic reserves of dysprosium, crucial for maintaining technological independence and supporting key sectors.
• Japan - Hitachi Metals, Ltd. in Japan has developed new dysprosium sputtering targets specifically designed for high-temperature superconductors used in energy storage applications. This innovation underscores JapanÄX%$%Xs leadership in advanced materials for energy efficiency and sustainability.
• Germany - Heraeus Holding GmbH, a leading company in advanced materials, has innovated dysprosium sputtering targets optimized for efficient magnetic materials in renewable energy applications. GermanyÄX%$%Xs government funding initiatives support research and development in dysprosium applications, aiming to promote sustainable technologies and resource efficiency. This collaborative approach strengthens GermanyÄX%$%Xs position as a pioneer in sustainable materials and reinforces its commitment to addressing global energy challenges through innovative solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dysprosium Sputtering Target Market by Segment
The study includes a forecast for the global dysprosium sputtering target market by type, application, and region.
Dysprosium Sputtering Target Market by Type [Value from 2018 to 2030]:
• Purity 99%
• Purity 99.5%
• Purity 99.9%
• Purity 99.95%
• Purity 99.99%
• Purity 99.999%
Dysprosium Sputtering Target Market by Application [Value from 2018 to 2030]:
• Semiconductor
• Chemical Vapor Deposition
• Physical Vapor Deposition
• Others
Dysprosium Sputtering Target Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dysprosium 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 dysprosium sputtering target companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dysprosium sputtering target companies profiled in this report include-
• American Elements
• Kurt J. Lesker
• Goodfellow
• MSE Supplies
• ALB Materials
• Changsha Xinkang Advanced Materials Corporation
• Nanoshel
• XiÄX%$%XAn Function Material Group
• Advanced Engineering Materials
• Maideli Advanced Material
Recent Development in the Dysprosium Sputtering Target Market
• Praxair Surface Technologies : Praxair Surface Technologies introduced advanced dysprosium sputtering targets for high-efficiency permanent magnet production in electric vehicles and wind turbines.
• Materion Corporation : Materion Corporation expanded its portfolio with dysprosium sputtering targets optimized for superior magnetic properties in renewable energy applications.
• Plansee Group : Plansee Group developed innovative dysprosium sputtering targets for enhancing magnetic performance in high-temperature superconductors used in energy transmission and storage.
• Hitachi Chemical Co., Ltd. : Hitachi Chemical Co., Ltd. launched new dysprosium sputtering targets aimed at improving efficiency and durability in semiconductor manufacturing processes.
Features of the Global Dysprosium Sputtering Target Market
Market Size Estimates: Dysprosium sputtering target market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dysprosium sputtering target market size by type, application, and region in terms of value ($B).
Regional Analysis: Dysprosium sputtering target market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the dysprosium sputtering target market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dysprosium sputtering target market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for dysprosium sputtering target market?
Answer: The global dysprosium sputtering target market is expected to grow with a CAGR of 8.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the dysprosium sputtering target market?
Answer: The major drivers for this market are increasing use of dysprosium sputtering targets in the production of high-performance permanent magnets, growing applications of dysprosium sputtering targets in high-temperature superconductors, and growing demand in electronics.
Q3. What are the major segments for dysprosium sputtering target market?
Answer: The future of the global dysprosium sputtering target market looks promising with opportunities in the semiconductor, chemical vapor deposition, and physical vapor deposition markets.
Q4. Who are the key dysprosium sputtering target market companies?
Answer: Some of the key dysprosium sputtering target companies are as follows:
• American Elements
• Kurt J. Lesker
• Goodfellow
• MSE Supplies
• ALB Materials
• Changsha Xinkang Advanced Materials Corporation
• Nanoshel
• XiÄX%$%XAn Function Material Group
• Advanced Engineering Materials
• Maideli Advanced Material
Q5. Which dysprosium sputtering target market segment will be the largest in future?
Answer: Lucintel forecasts that purity 99% is expected to witness the highest growth over the forecast period.
Q6. In dysprosium sputtering target market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 dysprosium sputtering target market by type (purity 99%, purity 99.5%, purity 99.9%, purity 99.95%, purity 99.99%, and purity 99.999%), application (semiconductor, chemical vapor deposition, physical vapor deposition, 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?
For any questions related to Dysprosium Sputtering Target Market Market, Dysprosium Sputtering Target Market Market Size, Dysprosium Sputtering Target Market Market Growth, Dysprosium Sputtering Target Market Market Analysis, Dysprosium Sputtering Target Market Market Report, Dysprosium Sputtering Target Market Market Share, Dysprosium Sputtering Target Market Market Trends, Dysprosium Sputtering Target Market Market Forecast, Dysprosium Sputtering Target Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.