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The Global Metal Evaporation Materials Market was valued at USD 730 million in 2023 and is projected to reach USD 1084.85 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.50% during the forecast period (2024-2032). This growth is being driven by increasing demand for thin film deposition in semiconductor manufacturing, optical coatings, and next-generation electronics, alongside advancements in physical vapor deposition (PVD) technologies targeting higher efficiency and precision.

As industries push the boundaries of miniaturization and material performance, metal evaporation materials have become critical enablers for producing high-purity thin films with atomic-level control. In this blog, we profile the Top 10 Companies in the Metal Evaporation Materials Industry—specialty materials suppliers and deposition technology innovators shaping the future of advanced coatings and functional layers.

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🔟 1. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Ultra-high purity evaporation pellets and wires (5N-6N)

Materion stands as the global benchmark for high-performance evaporation materials, supplying critical metals for semiconductor front-end processes and precision optical coatings. Their materials enable sub-nanometer thickness control in advanced logic nodes.

Technical Superiority:

• Industry-leading 99.9999% (6N) purity standards for semiconductor applications
• Proprietary hot isostatic pressing (HIP) technology for uniform density
• AS9100D and ITAR-certified manufacturing facilities

Download FREE Sample Report: Metal Evaporation Materials Market – View in Detailed Research Report

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9️⃣ 2. Umicore Thin Film Products

Headquarters: Hanau, Germany
Key Offering: Advanced alloy evaporation sources and sputtering targets

Umicore dominates the European market for specialized evaporation materials, particularly in transparent conductive oxides and photovoltaic applications. Their materials are integral to display manufacturing and energy harvesting technologies.

Technical Superiority:

• World’s largest producer of indium tin oxide (ITO) evaporation materials
• Patent-protected oxidation-resistant alloys
• Complete REACH compliance for all materials

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8️⃣ 3. Nichia Corporation

Headquarters: Tokushima, Japan
Key Offering: Rare earth metal evaporation sources

Nichia controls over 60% of the specialty evaporation materials market for LED phosphor layer deposition, supplying ultra-pure rare earth metals essential for color display technologies and solid-state lighting.

Technical Superiority:

• Proprietary zone refining processes achieving ppt-level purity
• Vertical integration from rare earth separation to final evaporation products
• Exclusive supply agreements with major display manufacturers

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7️⃣ 4. China Rare Metal Material Co., Ltd

Headquarters: Ningbo, China
Key Offering: Refractory metal evaporation materials

As China’s national champion in high-melting-point metals, CRMM supplies critical tungsten and molybdenum evaporation sources for semiconductor processing equipment and durable coating applications.

Technical Superiority:

• Plasma atomization technology for spherical powder production
• Strategic reserves of rare refractory metal raw materials
• 40% cost advantage over Western competitors

Download FREE Sample Report: Metal Evaporation Materials Market – View in Detailed Research Report

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6️⃣ 5. GRIKIN Advanced Materials Co., Ltd

Headquarters: Beijing, China
Key Offering: High-volume evaporation materials for photovoltaics

GRIKIN has emerged as the primary supplier of aluminum evaporation materials for solar cell metallization, capturing 35% of the global photovoltaic materials market.

Technical Superiority:

• Continuous casting production lines for high-volume output
• Materials optimized for ribbon evaporation systems
• Strategic partnerships with major solar panel manufacturers

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5️⃣ 6. Lesker Company

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: Integrated evaporation systems and materials

Kurt J. Lesker provides complete thin film solutions, combining high-purity evaporation materials with deposition equipment for research institutes and specialty coating applications.

Technical Superiority:

• Broadest catalog of evaporation material forms (pellets, wires, foils)
• In-house R&D center for custom material development
• Turnkey deposition systems with integrated material sources

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4️⃣ 7. Alfa Aesar (Thermo Fisher Scientific)

Headquarters: Ward Hill, Massachusetts, USA
Key Offering: Research-grade evaporation materials

As part of Thermo Fisher’s materials ecosystem, Alfa Aesar supplies thousands of specialized alloys and elemental evaporation sources to academic and industrial laboratories worldwide.

Technical Superiority:

• Largest inventory of rare and precious metal evaporation sources
• Full material traceability with certificates of analysis
• Small-quantity availability for experimental research

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3️⃣ 8. SCI Engineered Materials

Headquarters: Columbus, Ohio, USA
Key Offering: Custom-engineered evaporation alloys

SCI specializes in developing proprietary material formulations for defense, aerospace, and medical device coatings requiring unique material properties.

Technical Superiority:

• DoD-approved supplier with ITAR compliance
• High-entropy alloy development capabilities
• Class 100 clean room production facilities

Download FREE Sample Report: Metal Evaporation Materials Market – View in Detailed Research Report

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2️⃣ 9. Plasmaterials, Inc.

Headquarters: Livermore, California, USA
Key Offering: Semiconductor-grade evaporation materials

Plasmaterials focuses exclusively on ultra-high purity materials for advanced semiconductor nodes, particularly copper interconnect and barrier layer applications.

Technical Superiority:

• Materials certified for sub-3nm semiconductor processes
• Proprietary surface cleaning technology (<1ppb impurities)
• Wedge-shaped sources for maximum material utilization

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1️⃣ 10. Furuya Metal Co., Ltd

Headquarters: Tokyo, Japan
Key Offering: Platinum group metal evaporation sources

Furuya dominates the global supply of precious metal evaporation materials, commanding 85% of the ruthenium market for advanced memory and storage applications.

Technical Superiority:

• World’s only commercial producer of 6N ruthenium evaporation materials
• Closed-loop recycling system for precious metals
• JIS Q 9100 certified quality management

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🔬 Market Outlook: Thin Film Technologies Driving Next-Generation Innovations

The metal evaporation materials sector is undergoing rapid transformation as emerging applications in quantum computing, flexible electronics, and energy storage require increasingly sophisticated material solutions.

📈 Key Industry Trends:

• Transition to high-purity (6N-7N) materials for advanced semiconductor nodes
• Development of multi-component alloys for graded composition films
• Growing adoption of plasma-assisted evaporation techniques
• Increasing demand for refractory metals in extreme environment applications

Get Full Report Here: Metal Evaporation Materials Market – View in Detailed Research Report

These market leaders are not merely material suppliers—they serve as foundational partners enabling breakthroughs across semiconductor, energy, and advanced manufacturing sectors through continuous material innovations.