The Global Tellurium Target Market was valued at US$ 15 million in 2022 and is projected to reach US$ 32 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period (2023–2029). This growth is being driven by rising demand for high-performance thin films in solar photovoltaic cells, flat-panel displays, and emerging automotive applications, coupled with advancements in physical vapor deposition (PVD) technologies and the push for more efficient semiconductor manufacturing processes.

As the advanced materials sector advances toward precision coatings and sustainable production methods, the attention turns to the pivotal suppliers of tellurium targets, which are essential for sputtering processes that create durable, conductive layers in electronics and energy devices. In this blog, we profile the Top 10 Companies in the Tellurium Target Industry—a blend of specialized material fabricators, global suppliers, and innovation-driven firms pioneering the next generation of deposition solutions.

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🔟 1. Nexteck Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: High-purity Tellurium Plane Targets, Rotating Tellurium Targets for PVD

Nexteck stands out as a prominent manufacturer of sputtering targets, including tellurium variants used extensively in the production of thin films for solar cells and displays. With a strong focus on Asia-Pacific markets, the company supplies customized tellurium targets that meet stringent purity levels above 99.99%, ensuring optimal performance in magnetron sputtering systems. Their products support key applications in cadmium telluride (CdTe) solar panels, where tellurium’s unique properties enable high-efficiency energy conversion.

Furthermore, Nexteck has expanded its portfolio to include rotating targets designed for high-volume manufacturing, reducing downtime and improving deposition uniformity. This innovation helps clients in the display industry achieve brighter, more energy-efficient screens for consumer electronics.

Innovation Initiatives:

• Development of ultra-high purity tellurium alloys for next-gen semiconductors

• Partnerships with solar panel producers to optimize CdTe thin-film efficiency

• Commitment to recycling tellurium materials to minimize environmental impact

Download FREE Sample Report: Tellurium Target Market – View in Detailed Research Report

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9️⃣ 2. H.C. Starck Tungsten GmbH

Headquarters: Goslar, Germany
Key Offering: Tellurium Sputtering Targets, Custom Alloy Targets for Electronics

H.C. Starck is a global leader in refractory metals and advanced materials, offering tellurium targets tailored for the electronics and optics industries. Operating from multiple facilities across Europe and Asia, the company produces plane and rotary tellurium targets that are integral to fabricating infrared detectors and photovoltaic devices. Their expertise in powder metallurgy ensures targets with exceptional density and homogeneity, which is crucial for consistent thin-film deposition in vacuum environments.

The firm’s tellurium products are particularly valued in the solar energy sector, where they contribute to the creation of robust back-contact layers in thin-film solar modules. By leveraging advanced bonding techniques, H.C. Starck minimizes target erosion during extended sputtering runs, providing cost-effective solutions for high-throughput production lines.

Innovation Initiatives:

• Investment in sustainable sourcing of tellurium from secondary materials

• Collaboration with research institutes on nanostructured tellurium films

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8️⃣ 3. Goodfellow

Headquarters: Huntingdon, United Kingdom
Key Offering: High-Purity Tellurium Targets, Research-Grade Sputtering Materials

Goodfellow specializes in providing high-quality materials to research and industrial clients worldwide, including a range of tellurium targets for PVD applications. With a vast catalog serving universities and tech firms, their tellurium plane targets are popular for prototyping in display and sensor technologies. The company’s commitment to rapid delivery and customization allows for small-batch orders of tellurium foils and disks, ideal for R&D in emerging optoelectronic devices.

In addition to standard offerings, Goodfellow supports the automobile industry by supplying tellurium targets used in coating components for electric vehicle batteries and sensors, enhancing thermal management and conductivity.

Innovation Initiatives:

• Expansion of eco-friendly packaging and material handling

• Targets for advanced display technologies like OLED enhancements

• Quality assurance programs exceeding ISO standards

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7️⃣ 4. TOSOH Corporation

Headquarters: Tokyo, Japan
Key Offering: Tellurium Rotary Targets, High-Density Sputtering Disks

TOSOH is a key player in the materials science arena, renowned for its sputtering targets that include high-performance tellurium variants for semiconductor and solar applications. Serving major electronics manufacturers in Asia, their tellurium targets feature superior adhesion and purity, enabling precise deposition of tellurium layers in CIGS (copper indium gallium selenide) solar cells. This has positioned TOSOH as a vital supplier in the renewable energy transition.

The company’s rotary tellurium targets are engineered for longer lifespan and higher deposition rates, making them suitable for large-scale production of flexible displays and touchscreens. TOSOH’s integration of advanced analytics in target design further optimizes performance, reducing defects in thin-film uniformity.

Innovation Initiatives:

• Goal to increase renewable material usage in target production by 20% by 2025

• Joint ventures with solar firms to develop next-gen photovoltaic coatings

Download FREE Sample Report: Tellurium Target Market – View in Detailed Research Report

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6️⃣ 5. Kurt J. Lesker Company

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: Tellurium Evaporation Materials, Custom PVD Targets

The Kurt J. Lesker Company is a trusted provider of vacuum technology solutions, including tellurium targets for thermal evaporation and sputtering in research labs and manufacturing. With a North American focus, they offer plane tellurium targets that are essential for creating thin films in infrared optics and thermoelectric devices. Their products are backed by comprehensive testing to ensure compatibility with various deposition chambers.

Lesker’s tellurium offerings extend to the display industry, where they support the development of anti-reflective coatings for high-resolution screens. By providing both standard and bespoke solutions, the company caters to diverse needs, from academic experiments to industrial-scale operations.

Innovation Initiatives:

• Advancement in vacuum system integration for efficient target use

• Promotion of low-waste deposition processes

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5️⃣ 6. SAM (Stanford Advanced Materials)

Headquarters: Lake Forest, California, USA
Key Offering: Pure Tellurium Sputtering Targets, Alloyed Tellurium Disks

Stanford Advanced Materials (SAM) excels in supplying rare and specialty materials, with tellurium targets forming a core part of their PVD lineup. Their products serve global clients in solar and electronics, offering high-purity options that enhance the photoelectric properties of thin films in CdTe modules. SAM’s ability to scale production makes them a go-to for both prototyping and volume manufacturing.

In the automobile sector, SAM’s tellurium targets are used in sensor coatings for autonomous vehicles, improving signal transmission and durability. The company’s emphasis on quality control ensures minimal impurities, leading to superior film adhesion and performance.

Innovation Initiatives:

• Current production capacity: Over 500 kg of tellurium targets annually

• Target: Double output for solar applications by 2027

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4️⃣ 7. FDC Corporation

Headquarters: Kyoto, Japan
Key Offering: Tellurium Plane Targets, High-Purity Rotary Variants

FDC Corporation is deeply involved in the sputtering target market, providing tellurium materials optimized for flat-panel display production. With facilities in Japan, they deliver targets that enable the deposition of tellurium-doped layers for improved conductivity in LCD and OLED panels. Their rotary targets are designed for continuous operation, supporting high-yield manufacturing in consumer electronics.

FDC also contributes to the solar industry by supplying targets for thin-film solar innovations, where tellurium’s semiconducting properties boost cell efficiency. Their ongoing R&D focuses on enhancing target longevity to reduce operational costs for end-users.

Innovation Initiatives:

• Focus on low-temperature sputtering for flexible substrates

• Collaborations with display giants for next-gen screen technologies

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3️⃣ 8. Beijing Scistar Technology Co., Ltd.

Headquarters: Beijing, China
Key Offering: Tellurium Sputtering Targets for Solar, Custom Shapes

Beijing Scistar Technology specializes in advanced materials for the photovoltaic sector, offering tellurium targets that are critical for CdTe solar cell fabrication. As a major supplier in China, they produce both plane and rotating targets with purities exceeding 99.999%, catering to the growing demand in renewable energy infrastructure. Their products help achieve higher module efficiencies, making solar power more viable in emerging markets.

Beyond solar, Scistar’s tellurium targets find applications in other areas like data storage media, where precise thin-film layers are required for optical performance.

Innovation Initiatives:

• Indigenous development of tellurium recycling processes

• Government-backed projects to scale production for Asia-Pacific solar boom

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2️⃣ 9. Kaize Metals Co., Ltd.

Headquarters: Shanghai, China
Key Offering: High-Purity Tellurium Targets, Automotive-Grade Coatings

Kaize Metals is an emerging force in the tellurium target space, focusing on applications in the automobile and electronics industries. Their plane targets are used in sputtering processes for sensor coatings in electric vehicles, enhancing electromagnetic shielding and thermal dissipation. With a strong supply chain in China, Kaize ensures competitive pricing without compromising on material integrity.

The company’s rotary tellurium targets support high-speed deposition for large-area coatings, ideal for automotive displays and infotainment systems. Kaize’s growth is tied to the electrification trend, where tellurium-based films play a role in battery and powertrain components.

Innovation Initiatives:

• Aims to meet 15% market share in EV coating materials by 2025

• Expansion into sustainable manufacturing practices

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1️⃣ 10. Changsha Xinkang Advanced Materials Co., Ltd.

Headquarters: Changsha, China
Key Offering: Tellurium Sputtering Targets, Multi-Element Alloys

Leading the pack, Changsha Xinkang Advanced Materials is a top innovator in sputtering targets, with tellurium products dominating in solar and display sectors. Their high-density plane and rotating targets are engineered for superior uniformity in thin-film solar cells and touch panels, serving major global manufacturers. Xinkang’s state-of-the-art facilities enable production of ultra-pure tellurium (5N+), minimizing defects in critical applications.

As a market frontrunner, Xinkang drives efficiency in CdTe PV technology, contributing to cost reductions in solar energy. Their comprehensive service includes target bonding and recycling, supporting a circular economy approach.

Innovation Initiatives:

• End-to-end solutions for PVD from design to deposition

• Strategic alliances with international solar and display firms

Read Full Report: Tellurium Target Market – View in Detailed Research Report

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🌍 Outlook: The Future of Tellurium Targets Is Innovative and Sustainable

The tellurium target market is experiencing steady evolution. Although plane targets remain dominant, the sector is channeling significant resources into rotating targets for higher efficiency, purity enhancements, and expanded applications in solar and displays.

Market segmentation reveals strong growth in the solar energy industry, driven by global renewable targets, while the display sector benefits from demand for advanced screens. Automotive applications are emerging, particularly for EV components, and other uses in semiconductors add diversity.

📈 Key Trends Shaping the Market:

• Expansion in Asia-Pacific, especially China and Japan, for solar and electronics

• Regulatory incentives for sustainable materials and recycling

• Digital optimization of sputtering processes and supply chain traceability

• Collaborations between target makers and end-users for custom innovations

Read Full Report: Tellurium Target Market – View in Detailed Research Report

These companies are not only supplying critical materials—they’re leading the innovation wave in thin-film technologies for a greener, more connected world.

This report aims to provide a comprehensive presentation of the global market for Tellurium Target, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Tellurium Target. This report contains market size and forecasts of Tellurium Target in global, including the following market information:

• Global Tellurium Target Market Revenue, 2018-2023, 2024-2035, ($ millions)
• Global Tellurium Target Market Sales, 2018-2023, 2024-2035, (K MT)
• Global top five Tellurium Target companies in 2022 (%)

The global Tellurium Target market was valued at US$ 15 million in 2022 and is projected to reach US$ 32 million by 2029, at a CAGR of 11.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ 3 Million in 2022, While China is Forecast to Reach $ 12 Million.
Plane Target Segment to Reach $ 20 Million by 2029, with a 12% CAGR in next six years.
The global key manufacturers of Tellurium Target include Changsha Xinkang Advanced Materials Co.,Ltd, BIGshot, Goodfellow, ZNXC, Beijing Guanli, Kaize Metals, E-light, H.C.Starck and TOSOH, etc. in 2022, the global top five players have a share approximately 60% in terms of revenue.
We surveyed the Tellurium Target manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

• Plane Target
• Rotating Target

• Display Industry
• Solar Energy Industry
• Automobile Industry
• Other

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

• Key companies Tellurium Target revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Tellurium Target revenues share in global market, 2022 (%)
• Key companies Tellurium Target sales in global market, 2018-2023 (Estimated), (K MT)
• Key companies Tellurium Target sales share in global market, 2022 (%)

Key players include:

• Changsha Xinkang Advanced Materials Co.,Ltd
• BIGshot
• Goodfellow
• ZNXC
• Beijing Guanli
• Kaize Metals
• E-light
• H.C.Starck
• TOSOH
• German tech
• Beijing Scistar Technology
• FDC
• Lesker
• SAM
• Nexteck

Outline of Major Chapters:

Chapter 1: Introduces the definition of Tellurium Target, market overview.
Chapter 2: Global Tellurium Target market size in revenue and volume.
Chapter 3: Detailed analysis of Tellurium Target manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Tellurium Target in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Tellurium Target capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.