Erbium Sputtering Target Market Trends and Forecast
The future of the global erbium sputtering target market looks promising with opportunities in the semiconductor, chemical vapor deposition, and physical vapor deposition markets. The global erbium sputtering target market is expected to grow with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are rising investment in renewable energy sector and increasing adoption in the medical applications.
• 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 Erbium Sputtering Target Market
• United States: Materion Corporation recently announced the expansion of its production facilities to increase the supply of high-purity erbium sputtering targets, targeting the semiconductor industry. The US government has also introduced incentives for domestic manufacturing of advanced materials.
• China: Sino Sputtering Materials Ltd. has started a new initiative to increase its production capacity by 20% by 2025, in response to growing demand from the electronics sector. The Chinese government continues to support such initiatives through funding and policy support for the high-tech materials sector.
• Germany: Heraeus Holding has launched a project to develop more efficient erbium sputtering targets for the optical applications, aiming to reduce production costs by 15% over the next three years. The German government is also promoting advanced materials research through increased funding for innovation in the manufacturing sector.
• Japan: JX Nippon Mining & Metals Corporation announced a new collaboration with leading electronics manufacturers to enhance the performance of erbium sputtering targets. JapanÄX%$%Xs government is also focusing on enhancing the supply chain for rare earth materials to ensure a stable supply for the domestic high-tech industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Erbium Sputtering Target Market by Segment
The study includes a forecast for the global erbium sputtering target market by type, application, and region.
Erbium 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%
Erbium Sputtering Target Market by Application [Value from 2018 to 2030]:
• Semiconductor
• Chemical Vapor Deposition
• Physical Vapor Deposition
• Others
Erbium Sputtering Target Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Erbium 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 erbium sputtering target companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the erbium sputtering target companies profiled in this report include-
• American Elements
• Kurt J. Lesker
• MSE Supplies
• Stanford Advanced Materials
• Goodfellow
• ALB Materials
• EdgeTech Industries
• China Rare Metal Material
• QS Advanced Materials
• Stanford Materials Corporation
Recent Development in the Erbium Sputtering Target Market
• American Elements: American Elements has announced a breakthrough in the production of high-purity erbium sputtering targets, achieving purity levels above 99.99%. This advancement is expected to significantly enhance the performance and longevity of thin-film deposition processes in the electronics and photonics applications.
• ACI Alloys, Inc.: ACI Alloys has expanded its product line to include custom-sized erbium sputtering targets. This move aims to cater to specific customer requirements in the semiconductor and advanced materials sectors, ensuring optimal material utilization and cost efficiency in production.
• Stanford Advanced Materials: Stanford Advanced Materials has developed a new manufacturing technique for erbium sputtering targets that reduces impurities and improves uniformity. This innovation is projected to boost the quality of thin films used in optoelectronic devices, leading to better performance and reliability.
• Kurt J. Lesker Company: The Kurt J. Lesker Company has introduced a series of erbium sputtering targets designed for use in advanced research and development. These targets are optimized for high-vacuum sputtering systems, providing superior film adhesion and uniformity, which is crucial for cutting-edge applications in nanotechnology and materials science.
• EVOCHEM Advanced Materials: EVOCHEM Advanced Materials has unveiled a new range of erbium sputtering targets tailored for the optical coating industry. These targets promise enhanced deposition rates and film quality, addressing the growing demand for high-performance optical components in telecommunications and laser systems.
Features of the Global Erbium Sputtering Target Market
Market Size Estimates: Erbium 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: Erbium sputtering target market size by type, application, and region in terms of value ($B).
Regional Analysis: Erbium 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 erbium sputtering target market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the erbium 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 erbium sputtering target market?
Answer: The global erbium sputtering target market is expected to grow with a CAGR of 10.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the erbium sputtering target market?
Answer: The major drivers for this market are rising investment in renewable energy sector and increasing adoption in the medical applications.
Q3. What are the major segments for erbium sputtering target market?
Answer: The future of the erbium sputtering target market looks promising with opportunities in the semiconductor, chemical vapor deposition, and physical vapor deposition markets.
Q4. Who are the key erbium sputtering target market companies?
Answer: Some of the key erbium sputtering target companies are as follows:
• American Elements
• Kurt J. Lesker
• MSE Supplies
• Stanford Advanced Materials
• Goodfellow
• ALB Materials
• EdgeTech Industries
• China Rare Metal Material
• QS Advanced Materials
• Stanford Materials Corporation
Q5. Which erbium 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 erbium 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 erbium 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 Erbium Sputtering Target Market Market, Erbium Sputtering Target Market Market Size, Erbium Sputtering Target Market Market Growth, Erbium Sputtering Target Market Market Analysis, Erbium Sputtering Target Market Market Report, Erbium Sputtering Target Market Market Share, Erbium Sputtering Target Market Market Trends, Erbium Sputtering Target Market Market Forecast, Erbium Sputtering Target Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.