The Global Evaporation Materials Market was valued at US$ 1,536.8 Million in 2022 and is projected to reach US$ 2,165.9 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period (2023-2029). This growth is driven by increasing demand from semiconductor, optical coating, and renewable energy sectors, along with technological advancements in physical vapor deposition techniques.

As industries push the boundaries of material science for next-generation applications, the spotlight falls on key suppliers enabling these innovations. In this analysis, we profile the Top 10 Companies in the Evaporation Materials Industry—material science pioneers and specialized manufacturers shaping the future of thin-film technologies.

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🔟 1. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Ultra-high purity metals, alloys and compounds

Materion leads the market with its advanced material solutions, supplying critical evaporation sources for semiconductor fabrication and precision optics. Their products enable nanometer-scale film deposition with exceptional uniformity.

Innovation Highlights:

• 6N (99.9999%) purity standards for semiconductor applications

• Proprietary alloy formulations for specific deposition characteristics

• Vertically integrated from material production to characterization

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9️⃣ 2. Umicore

Headquarters: Brussels, Belgium
Key Offering: Specialty metals and advanced material solutions

Umicore combines European material science expertise with global supply capabilities, serving high-tech industries that require precision thin-film coatings with stringent performance requirements.

Innovation Highlights:

• Closed-loop recycling systems for precious metal evaporation materials

• Tailored solutions for OLED and display manufacturing

• Advanced material characterization labs for quality assurance

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8️⃣ 3. ULVAC, Inc.

Headquarters: Chigasaki, Japan
Key Offering: Integrated deposition materials and equipment

ULVAC stands out with its comprehensive approach, providing both evaporation materials and deposition systems designed to work synergistically for optimal thin-film performance.

Innovation Highlights:

• Co-development of materials and deposition technologies

• Specialized sources for MEMS and sensor applications

• Global network of technical support centers

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7️⃣ 4. Nichia Corporation

Headquarters: Tokushima, Japan
Key Offering: Optoelectronic evaporation materials

Nichia leverages its leadership in luminescent materials to develop specialized evaporation sources, particularly for LED production and advanced display technologies.

Innovation Highlights:

• Proprietary formulations for efficient light emission

• Materials engineered for high-volume manufacturing

• Stringent purity standards for sensitive applications

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Evaporation Materials Market – View in Detailed Research Report

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6️⃣ 5. China Rare Metal Material Co., Ltd.

Headquarters: Xi’an, China
Key Offering: Cost-competitive evaporation materials

As a leading Chinese supplier, CRMM provides reliable evaporation sources while maintaining international quality standards, serving growing domestic and international markets.

Innovation Highlights:

• Domestic rare earth material supply chain

• Large-scale production capabilities

• Custom configurations for industrial applications

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5️⃣ 6. GRIKIN Advanced Materials Co., Ltd.

Headquarters: Beijing, China
Key Offering: Semiconductor-grade evaporation materials

GRIKIN specializes in high-end materials for advanced semiconductor applications, with a strong focus on materials for memory and logic devices.

Innovation Highlights:

• Materials for next-generation 2D semiconductors

• Atomically precise deposition solutions

• Collaborations with leading foundries

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4️⃣ 7. Canon Optron, Inc.

Headquarters: Tokyo, Japan
Key Offering: Optical coating materials

Canon Optron provides ultra-pure materials for demanding optical applications, leveraging Canon’s optical technology heritage to enable precision coatings.

Innovation Highlights:

• Anti-reflective and interference coating materials

• Exceptional evaporation uniformity

• Full material traceability

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3️⃣ 8. Plasmaterials, Inc.

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

Plasmaterials caters to cutting-edge research institutions and specialty manufacturers requiring small-lot, high-performance materials with customizable specifications.

Innovation Highlights:

• Rapid prototyping of novel material formulations

• Quantum computing research materials

• Exceptional purity and customization options

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Evaporation Materials Market – View in Detailed Research Report

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2️⃣ 9. Process Materials, Inc.

Headquarters: North Billerica, Massachusetts, USA
Key Offering: Production-scale evaporation materials

Process Materials focuses on reliable, proven evaporation sources for industrial-scale thin-film coating applications across multiple sectors.

Innovation Highlights:

• High-volume production capabilities

• Optimized material logistics solutions

• Consistent performance across production batches

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1️⃣ 10. The Kurt J. Lesker Company

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: Comprehensive thin-film solutions

Lesker combines materials expertise with vacuum technology leadership, offering integrated systems that bridge the gap between evaporation materials and deposition processes.

Innovation Highlights:

• Complete material and equipment testing services

• Global distribution network for rapid availability

• Process optimization consulting for manufacturers

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Evaporation Materials Market – View in Detailed Research Report

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🔬 Outlook: The Future of Evaporation Materials Technology

The evaporation materials market is undergoing significant transformation as deposition technologies advance and application requirements grow more stringent. Traditional materials continue to dominate, but specialized formulations are gaining traction for cutting-edge applications.

📈 Key Market Developments:

• Purity advancements for sub-5nm semiconductor nodes

• Novel alloy development for next-gen photovoltaic applications

• Increased automation in material production and quality control

• Sustainable material sourcing and recycling initiatives

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Evaporation Materials Market – View in Detailed Research Report

These industry leaders are not just material suppliers—they’re technical partners enabling breakthroughs across semiconductor, renewable energy, advanced displays, and other high-tech sectors.