The Global Lithium Cobalt Oxide Sputtering Target Market was valued at USD 225.8 Million in 2023 and is projected to reach USD 345.2 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period (2023-2028). This growth is primarily driven by the escalating demand for high-performance batteries, particularly in consumer electronics and electric vehicles, alongside advancements in thin-film deposition technologies for semiconductor manufacturing.

As the electronics industry pushes toward higher energy density and more efficient components, the spotlight is on the key material suppliers who are driving innovation in advanced materials. In this blog, we profile the Top 10 Companies in the Lithium Cobalt Oxide Sputtering Target Industry—a mix of global chemical giants, specialized material suppliers, and advanced technology pioneers shaping the future of electronic components and energy storage.

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Global and Regional Lithium Cobalt Oxide Sputtering Target Industry Status and Prospects Professional Market – View in Detailed Research Report

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🔟 1. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Lithium Cobalt Oxide (LiCoO₂) Sputtering Targets, Evaporation Materials

American Elements is a leading global manufacturer and supplier of advanced materials, including high-purity Lithium Cobalt Oxide sputtering targets. The company serves a wide range of industries, from electronics and semiconductor fabrication to energy storage research and development. Their materials are critical for producing thin-film batteries and advanced semiconductor components.

Key Technology Initiatives:

• Manufacturing sputtering targets with purity levels up to 99.999% (5N)

• Custom target fabrication in various sizes and configurations

• R&D focus on next-generation battery materials and thin-film applications

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9️⃣ 2. Kurt J. Lesker Company

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: LiCoO₂ Sputtering Targets, Thermal Evaporation Sources, PVD Materials

The Kurt J. Lesker Company is a major global supplier of vacuum technology and thin-film deposition materials. They provide high-quality Lithium Cobalt Oxide sputtering targets that are essential for research institutions and industrial manufacturers working on lithium-ion battery technologies and electronic device fabrication.

Key Technology Initiatives:

• Comprehensive portfolio of PVD and CVD materials

• Advanced bonding technologies for high-performance sputtering targets

• Global distribution network supporting research and manufacturing facilities

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8️⃣ 3. Goodfellow

Headquarters: Hamburg, Germany (with global operations)
Key Offering: Lithium Cobalt Oxide Powders, Sputtering Targets, Research Materials

Goodfellow is a leading international supplier of metals, alloys, ceramics, and other materials for research and development. Their Lithium Cobalt Oxide products support academic research, battery development, and thin-film deposition applications across multiple high-tech industries.

Key Technology Initiatives:

• Extensive catalog of advanced materials for R&D applications

• Custom material processing and fabrication services

• Support for academic and industrial research institutions worldwide

Download FREE Sample Report:
Global and Regional Lithium Cobalt Oxide Sputtering Target Industry Status and Prospects Professional Market – View in Detailed Research Report

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7️⃣ 4. Stanford Advanced Materials

Headquarters: Lake Forest, California, USA
Key Offering: High-Purity LiCoO₂ Targets, Battery Materials, Sputtering Targets

Stanford Advanced Materials specializes in providing high-purity chemicals and advanced materials for research and industrial applications. Their Lithium Cobalt Oxide sputtering targets are engineered for superior performance in thin-film deposition processes, particularly in the fabrication of microelectronic devices and energy storage systems.

Key Technology Initiatives:

• Focus on high-purity materials for advanced applications

• Customized material solutions for specific research needs

• Comprehensive quality control and material certification

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6️⃣ 5. VEM (Vacuum Engineering & Materials)

Headquarters: Somerset, New Jersey, USA
Key Offering: Custom Sputtering Targets, LiCoO₂ Materials, PVD Solutions

VEM specializes in the manufacturing of high-quality sputtering targets and evaporation materials for the thin-film industry. Their expertise in Lithium Cobalt Oxide targets supports the growing demand for advanced battery materials and electronic component manufacturing.

Key Technology Initiatives:

• Custom target fabrication for specific application requirements

• Advanced bonding and machining capabilities

• Technical support for thin-film deposition processes

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5️⃣ 6. Stanford Materials Corporation

Headquarters: Irvine, California, USA
Key Offering: LiCoO₂ Sputtering Targets, Battery Grade Materials, Electronic Ceramics

Stanford Materials Corporation is a prominent supplier of advanced materials for electronic applications. Their Lithium Cobalt Oxide sputtering targets are widely used in research and production environments for creating thin-film batteries and electronic components with enhanced performance characteristics.

Key Technology Initiatives:

• Specialization in electronic ceramic materials

• Quality assurance for industrial and research applications

• Global distribution network serving the electronics industry

Download FREE Sample Report:
Global and Regional Lithium Cobalt Oxide Sputtering Target Industry Status and Prospects Professional Market – View in Detailed Research Report

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4️⃣ 7. ALB Materials Inc

Headquarters: Zhejiang, China
Key Offering: High-Purity LiCoO₂, Sputtering Targets, Battery Materials

ALB Materials Inc is a significant player in the advanced materials market, particularly in the Asian region. The company supplies high-purity Lithium Cobalt Oxide materials that are essential for battery manufacturing and thin-film deposition processes in the rapidly growing electronics market.

Key Technology Initiatives:

• Strong presence in the Asian electronics supply chain

• Cost-effective material solutions for mass production

• Expansion of high-purity material production capabilities

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3️⃣ 8. Advanced Engineering Materials

Headquarters: London, United Kingdom
Key Offering: Custom Sputtering Targets, LiCoO₂ Materials, Technical Ceramics

Advanced Engineering Materials specializes in providing engineered materials for demanding applications in electronics, aerospace, and energy storage. Their Lithium Cobalt Oxide sputtering targets are designed to meet the precise requirements of advanced thin-film deposition processes.

Key Technology Initiatives:

• Custom material engineering for specific application needs

• Technical consulting for material selection and process optimization

• Quality-focused manufacturing processes

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2️⃣ 9. QS Advanced Materials

Headquarters: Jiangsu, China
Key Offering: LiCoO₂ Sputtering Targets, Battery Electrode Materials, Ceramic Powders

QS Advanced Materials is a leading Chinese manufacturer of advanced ceramic materials and sputtering targets. The company plays a crucial role in supplying the domestic and international markets with high-quality Lithium Cobalt Oxide materials for electronic applications.

Key Technology Initiatives:

• Vertical integration in material production

• Focus on cost-competitive manufacturing

• Expansion of production capacity to meet growing demand

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1️⃣ 10. XIAN FUNCTION MATERIAL GROUP

Headquarters: Xi’an, China
Key Offering: Lithium Cobalt Oxide Powders, Sputtering Targets, Functional Materials

XIAN FUNCTION MATERIAL GROUP is a major Chinese enterprise specializing in the production of functional materials for various industrial applications. Their Lithium Cobalt Oxide products support the country’s rapidly expanding electronics and battery manufacturing sectors.

Key Technology Initiatives:

• Large-scale production capabilities

• Strong domestic market presence

• Investment in advanced material processing technologies

Read Full Report:
Global and Regional Lithium Cobalt Oxide Sputtering Target Industry Status and Prospects Professional Market – View in Detailed Research Report

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🌍 Outlook: The Future of Lithium Cobalt Oxide Sputtering Targets Is High-Performance and Sustainable

The Lithium Cobalt Oxide sputtering target market is experiencing significant transformation. While traditional applications in consumer electronics continue to drive demand, the industry is increasingly focused on high-energy-density batteries for electric vehicles and advanced semiconductor manufacturing processes.

📈 Key Trends Shaping the Market:

• Increasing demand for high-purity materials (99.99% and above) for advanced applications

• Growing adoption in electric vehicle battery manufacturing

• Advancements in thin-film deposition technologies requiring specialized targets

• Supply chain diversification and regional manufacturing expansion

Read Full Report:
Global and Regional Lithium Cobalt Oxide Sputtering Target Industry Status and Prospects Professional Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials for modern electronics—they’re enabling the technological advancement of energy storage and semiconductor industries.