The Global Sputtering Targets Market was valued at USD 5.12 Billion in 2024 and is projected to reach USD 7.83 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust expansion is primarily driven by the insatiable demand for semiconductors, the proliferation of thin-film solar cells, advancements in display technologies, and the increasing miniaturization of electronic components across various industries.

As the backbone of physical vapor deposition (PVD) processes, sputtering targets are critical for depositing thin, uniform, and high-purity films on substrates. These films are essential for manufacturing integrated circuits, memory chips, flat-panel displays, and energy-efficient glass coatings. In this blog, we profile the Top 10 Companies in the Global Sputtering Targets Industry—a mix of established material science giants and specialized manufacturers shaping the future of advanced material deposition.

---

🔟 1. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: High-Purity Metals, Alloys, and Ceramic Sputtering Targets

Materion is a premier advanced materials solutions provider, offering a comprehensive portfolio of sputtering targets for the semiconductor, data storage, and optical coating industries. The company is renowned for its expertise in ultra-high-purity materials, including gold, silver, platinum, and specialized alloys.

Innovation and Capabilities:

• Advanced manufacturing of large-sized, high-purity targets for leading-edge semiconductor nodes

• Strong R&D focus on next-generation materials for memory and logic applications

• Custom alloy development and bonding services to enhance target performance and lifecycle

Download FREE Sample Report: Global Sputtering Targets Market – View in Detailed Research Report

---

9️⃣ 2. JX Nippon Mining & Metals Corporation

Headquarters: Tokyo, Japan
Key Offering: Copper, Aluminum, Tantalum, and High-Purity Metal Targets

JX Nippon Mining & Metals is a global leader in the production of high-performance sputtering targets, particularly for the semiconductor industry. The company’s vertically integrated operations, from raw material refining to target fabrication, ensure superior quality and supply chain reliability.

Innovation and Capabilities:

• World-leading supplier of copper targets for semiconductor interconnects

• Pioneering developments in cobalt and ruthenium targets for advanced memory chips

• Extensive global support network for major semiconductor fabrication plants (fabs)

---

8️⃣ 3. Praxair Surface Technologies (now part of Linde)

Headquarters: Danbury, Connecticut, USA
Key Offering: Metal, Alloy, and Ceramic Targets for Diverse Applications

Following its integration into Linde, Praxair Surface Technologies continues to be a powerhouse in the sputtering targets market. The company serves a broad spectrum of industries, including aerospace, automotive, and electronics, with its advanced material solutions.

Innovation and Capabilities:

• Specialization in reactive sputtering targets for decorative and functional coatings

• Advanced recycling and refining services to ensure material sustainability

• Global manufacturing footprint supporting just-in-time delivery for major clients

---

7️⃣ 4. Heraeus Holding GmbH

Headquarters: Hanau, Germany
Key Offering: Precious Metal Targets (Gold, Silver, Platinum), ITO Targets

Heraeus, a technology group with a rich history in precious metals, is a leading supplier of high-quality sputtering targets. Its products are critical for producing transparent conductive oxides (like ITO for touchscreens) and precision coatings for electronics.

Innovation and Capabilities:

• Leading innovator in indium tin oxide (ITO) and other transparent conductive films

• Expertise in precious metal targets for microelectronics and sensor applications

• Commitment to developing sustainable and recyclable material solutions

---

6️⃣ 5. Honeywell Electronic Materials

Headquarters: Morris Plains, New Jersey, USA
Key Offering: Aluminum, Titanium, Tungsten, and Cobalt Alloy Targets

Honeywell Electronic Materials is a key player in providing advanced materials for the semiconductor industry. The company’s sputtering targets are used in critical applications such as interconnect metallization, barrier layers, and seed layers.

Innovation and Capabilities:

• Development of high-purity titanium and titanium nitride targets for barrier applications

• Strong focus on materials for advanced packaging and 3D NAND memory

• Global quality control systems ensuring consistency for high-volume manufacturing

Download FREE Sample Report: Global Sputtering Targets Market – View in Detailed Research Report

---

5️⃣ 6. Mitsubishi Materials Corporation

Headquarters: Tokyo, Japan
Key Offering: Copper Alloy, Molybdenum, and Tantalum Sputtering Targets

Mitsubishi Materials is a diversified materials manufacturer with a significant presence in the sputtering targets market. The company leverages its expertise in metallurgy to produce high-performance targets for the electronics and display industries.

Innovation and Capabilities:

• Leading supplier of molybdenum targets for thin-film transistor (TFT) LCD displays

• Advanced R&D in copper alloy targets for improved electromigration resistance

• Integrated production from raw material processing to final target fabrication

---

4️⃣ 7. Tosoh Corporation

Headquarters: Tokyo, Japan
Key Offering: Specialty Ceramic Targets (ITO, AZO, SiO2, Si3N4)

Tosoh is a leading chemical and specialty materials company, renowned for its high-quality ceramic sputtering targets. Its indium tin oxide (ITO) and aluminum-doped zinc oxide (AZO) targets are industry standards for transparent conductive films.

Innovation and Capabilities:

• Pioneer in the development of AZO targets as a cost-effective alternative to ITO

• Manufacturing of high-density, high-purity oxide and nitride ceramic targets

• Focus on materials for next-generation displays, photovoltaics, and energy storage

---

3️⃣ 8. ULVAC, Inc.

Headquarters: Chigasaki, Japan
Key Offering: Integrated Sputtering Systems and High-Performance Targets

ULVAC is unique as a leading provider of both vacuum equipment and the sputtering targets used within them. This integrated approach allows for optimized performance and deep application expertise across semiconductor and display manufacturing.

Innovation and Capabilities:

• Synergy between target development and PVD system design for optimal film properties

• Expertise in targets for magnetic recording media and MEMS (Micro-Electro-Mechanical Systems)

• Strong global technical support and service network for production fabs

---

2️⃣ 9. Plansee SE

Headquarters: Reutte, Austria
Key Offering: Refractory Metal Targets (Tungsten, Molybdenum, Tantalum)

Plansee is a global leader in powder metallurgy and the manufacturing of components from refractory metals. Its sputtering targets are known for their exceptional density, purity, and mechanical strength, making them ideal for demanding semiconductor applications.

Innovation and Capabilities:

• World-class expertise in tungsten and molybdenum target manufacturing for barrier and adhesion layers

• Development of large-area planar and rotary targets for architectural and automotive glass coating

• Advanced bonding technologies to maximize target utilization and minimize thermal stress

---

1️⃣ 10. Grikin Advanced Materials Co., Ltd.

Headquarters: Beijing, China
Key Offering: Aluminum, Copper, Tantalum, and Titanium Targets

Grikin Advanced Materials is a prominent Chinese manufacturer of high-purity metal sputtering targets. The company has rapidly grown to become a key supplier to both domestic and international semiconductor and display panel makers.

Innovation and Capabilities:

• Strategic focus on import substitution and serving China’s booming electronics market

• Significant investments in R&D and production capacity expansion

• Certified supplier for major global semiconductor fabrication facilities

Get Full Report Here: Global Sputtering Targets Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Sputtering Targets is Driven by Technological Miniaturization

The sputtering targets market is at the heart of the ongoing technological revolution. As devices become smaller, faster, and more powerful, the requirements for thin films become increasingly stringent. This drives continuous innovation in target materials, purity levels, and manufacturing processes.

📈 Key Trends Shaping the Market:

• Transition to extreme ultraviolet (EUV) lithography necessitating new materials for mask blanks and multilayer mirrors.

• Rising demand for cobalt and ruthenium targets to replace traditional barrier layers in sub-5nm semiconductor nodes.

• Growth of the Internet of Things (IoT) and 5G technology, fueling demand for sensors and RF components.

• Expansion of the solar energy sector, increasing consumption of CIGS (Copper Indium Gallium Selenide) and cadmium telluride targets.

Get Full Report Here: Global Sputtering Targets Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are enabling the next wave of digital and green innovation across the globe.