The Global Titanium Sputtering Target Market was valued at USD 233.4 Million in 2022 and is projected to reach USD 347.2 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period. This robust growth is primarily driven by the relentless demand for semiconductors, the expansion of the solar energy sector, and the proliferation of high-resolution displays in consumer electronics and automotive applications.

As the backbone of thin-film deposition processes essential for modern technology, titanium sputtering targets are critical for manufacturing everything from microchips to photovoltaic cells. In this blog, we profile the Top 10 Companies in the Titanium Sputtering Target Industry—a group of specialized material scientists and global suppliers who are enabling the next generation of electronic devices and clean energy solutions.

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🔟 1. JX Nippon Mining & Metals Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Titanium Sputtering Targets, Ultra-High Purity (5N5, 6N) Grades

JX Nippon is a global leader in the production of high-purity metals for the electronics industry. Their titanium sputtering targets are renowned for exceptional density, purity, and grain structure control, making them a preferred choice for leading semiconductor fabricators worldwide. The company invests heavily in R&D to meet the evolving demands of sub-7nm and smaller process nodes.

Innovation and Market Position:

• Leading global market share in high-purity sputtering targets

• Pioneering recyclable target solutions to reduce material waste

• Strategic partnerships with major semiconductor foundries

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9️⃣ 2. Tosoh Corporation

Headquarters: Tokyo, Japan
Key Offering: Titanium Targets for Semiconductors, Display Panels, and Decorative Coatings

Tosoh is a diversified chemical company with a strong foothold in advanced materials. Its sputtering target division produces high-quality titanium targets used in creating barrier layers and seed layers in semiconductor interconnect schemes. The company’s vertically integrated operations, from zirconium sand processing to final target fabrication, ensure stringent quality control.

Innovation and Market Position:

• Extensive portfolio for logic, memory, and display applications

• Focus on large-sized targets for Gen 10.5 LCD and OLED production

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Titanium Sputtering Target Market – View in Detailed Research Report

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8️⃣ 3. Honeywell Electronic Materials

Headquarters: Morris Plains, New Jersey, USA
Key Offering: Honeywell Titanium Sputtering Targets, Ti Series for Advanced Nodes

Honeywell is a key US-based supplier of electronic materials, providing sputtering targets to the global semiconductor industry. Their titanium targets are engineered for high-performance deposition, offering excellent uniformity and low defect rates, which are critical for yield management in complex chip manufacturing.

Innovation and Market Position:

• Strong presence in the North American and European semiconductor markets

• R&D focused on targets compatible with EUV lithography processes

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7️⃣ 4. KFMI (Korea Foundry & Metal Industries)

Headquarters: Siheung-si, Gyeonggi-do, South Korea
Key Offering: Titanium and Titanium Alloy Sputtering Targets

KFMI is a prominent South Korean manufacturer supplying critical materials to the domestic and international electronics supply chain. Located near major semiconductor clusters, the company provides timely and reliable delivery of titanium targets, supporting the just-in-time manufacturing processes of memory and display giants.

Innovation and Market Position:

• Strategic supplier to leading Korean semiconductor and display manufacturers

• Investment in capacity expansion to meet growing regional demand

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6️⃣ 5. Praxair Surface Technologies (Now part of Linde)

Headquarters: Danbury, Connecticut, USA
Key Offering: Praxair Titanium Sputtering Targets, High-Performance Coating Materials

Praxair, now operating under Linde after a merger, has a long history of providing advanced coating solutions. Their titanium sputtering targets are used across a broad range of applications, from microelectronics to industrial wear-resistant coatings. The company leverages its expertise in gas technologies to ensure high-purity processing environments during target manufacturing.

Innovation and Market Position:

• Global supply chain and technical service network

• Diverse application expertise beyond semiconductors, including aerospace and medical devices

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5️⃣ 6. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Performance Materials including Titanium Sputtering Targets

Materion is a US-based advanced materials company that produces high-performance titanium targets for the electronics industry. Their products are known for superior metallurgical properties and consistency, which are vital for deposition processes in semiconductor fabrication and optical coating applications.

Innovation and Market Position:

• Focus on advanced packaging and interconnect applications

• Custom alloy development capabilities for specific customer requirements

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

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4️⃣ 7. GRIKIN Advanced Materials Co., Ltd.

Headquarters: Beijing, China
Key Offering: High-Purity Titanium Sputtering Targets for Semiconductors and Displays

GRIKIN is a leading Chinese supplier of sputtering target materials, playing a crucial role in supporting the country’s growing semiconductor and display manufacturing ecosystem. The company has made significant investments in R&D and production capacity to reduce import dependency and serve domestic foundries and panel makers.

Innovation and Market Position:

• Key player in China’s import substitution strategy for critical electronic materials

• Rapidly expanding production capabilities for large-area display targets

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3️⃣ 8. ULVAC Technologies, Inc.

Headquarters: Chigasaki, Kanagawa, Japan
Key Offering: Sputtering Targets and Integrated Vacuum Solutions

ULVAC is unique in that it is both a manufacturer of sputtering targets and the vacuum deposition equipment that uses them. This synergistic approach allows ULVAC to offer optimized material-and-equipment solutions, providing customers with superior process integration and performance for titanium thin-film deposition.

Innovation and Market Position:

• Integrated solutions from materials to processing equipment

• Strong technological support and global service presence

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2️⃣ 9. Kurt J. Lesker Company (KJLC)

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: KJLC Titanium Sputtering Targets, Evaporation Materials

The Kurt J. Lesker Company is a global supplier of vacuum technology and thin-film deposition materials. KJLC provides high-purity titanium sputtering targets primarily for the research, development, and small-scale production markets, serving universities, national labs, and specialized industrial customers.

Innovation and Market Position:

• Extensive catalog of purity levels and custom geometries for R&D

• Strong reputation for customer service and technical support

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1️⃣ 10. China New Metal Materials Technology Ltd.

Headquarters: Shenzhen, Guangdong, China
Key Offering: CNMC Titanium Sputtering Targets for Electronics

China New Metal Materials is an emerging player focused on the production of high-purity metal materials for the electronics industry. The company is expanding its titanium target production capabilities to capitalize on the massive growth of China’s semiconductor and flat panel display manufacturing sectors.

Innovation and Market Position:

• Focus on cost-competitive production for the domestic Chinese market

• Strategic investments in advanced melting and processing technologies

Get Full Report Here:
Titanium Sputtering Target Market – View in Detailed Research Report

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🌍 Outlook: The Future of Titanium Sputtering Targets Is Driven by Miniaturization and New Applications

The titanium sputtering target market is at a pivotal point, driven by the dual engines of technological advancement in established sectors and the emergence of new applications. While the semiconductor industry remains the dominant consumer, growth is increasingly fueled by renewable energy and next-generation displays.

📈 Key Trends Shaping the Market:

• Transition to more advanced semiconductor nodes (sub-5nm) requiring ultra-high purity targets

• Expansion of perovskite solar cell production, which uses titanium oxide layers for electron transport

• Growing demand for flexible and transparent conductive oxides in flexible displays and touch panels

• Increasing adoption of titanium-based coatings in medical devices and wear-resistant industrial applications

Get Full Report Here:
Titanium Sputtering Target Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for today’s electronics—they’re enabling the technological innovations that will define tomorrow’s connected world.