The Global Chromium Vanadium Sputtering Target Market was valued at USD 245.8 Million in 2024 and is projected to reach USD 342.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This growth is being driven by increasing demand for high-performance thin-film coatings in the semiconductor, optical, and tool coating industries, along with the accelerating adoption of advanced Physical Vapor Deposition (PVD) technologies.

As the demand for durable, wear-resistant, and high-conductivity thin films escalates across global manufacturing, the role of advanced material suppliers becomes paramount. In this blog, we profile the Top 10 Companies in the Chromium Vanadium Sputtering Target Industry—a group of specialized manufacturers and material science innovators shaping the future of surface engineering and microelectronics.

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🔟 1. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity Cr-V Sputtering Targets (99.9% to 99.999%)

American Elements is a global leader in advanced materials manufacturing, offering a comprehensive portfolio of Chromium Vanadium sputtering targets in various purities and forms. The company serves a broad spectrum of industries, including semiconductor fabrication, aerospace, and renewable energy, with a strong focus on research-grade and production-scale materials.

Technical Capabilities & Initiatives:

• Custom alloying and target fabrication to precise customer specifications

• Advanced metallurgical processes for superior density and grain structure

• Investment in R&D for next-generation sputtering target materials

Download FREE Sample Report: Global Chromium Vanadium Sputtering Target Market – View in Detailed Research Report

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9️⃣ 2. ALB Materials Inc

Headquarters: Zhenjiang, Jiangsu, China
Key Offering: Cr-V Targets for Semiconductor and Display Applications

ALB Materials Inc specializes in high-purity metals and advanced materials for the electronics industry. The company has established a significant presence in the Asian market, supplying Chromium Vanadium sputtering targets that are critical for manufacturing integrated circuits and flat panel displays.

Technical Capabilities & Initiatives:

• Strong supply chain integration for raw material sourcing

• Focus on cost-effective production without compromising on purity standards

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8️⃣ 3. Stanford Advanced Materials (SAM)

Headquarters: Lake Forest, California, USA
Key Offering: Ultra-High Purity Cr-V Sputtering Targets (up to 99.999%)

Stanford Advanced Materials is a renowned supplier of high-purity materials, including sputtering targets for research and industrial applications. SAM’s Chromium Vanadium targets are known for their exceptional quality, consistency, and performance in demanding deposition processes.

Technical Capabilities & Initiatives:

• Expertise in manufacturing targets for both R&D and high-volume production

• Global distribution network ensuring timely delivery to customers worldwide

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7️⃣ 4. Stanford Materials Corporation

Headquarters: Lake Forest, California, USA
Key Offering: Chromium Vanadium Alloy Targets for PVD and CVD

Stanford Materials Corporation provides a wide array of metallic and ceramic materials for advanced technological applications. Their Chromium Vanadium sputtering targets are engineered to deliver high deposition rates and excellent film properties, catering to the optical, decorative, and functional coating sectors.

Technical Capabilities & Initiatives:

• Precision machining and bonding services for various backing plate configurations

• Commitment to material traceability and quality assurance

Download FREE Sample Report: Global Chromium Vanadium Sputtering Target Market – View in Detailed Research Report

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6️⃣ 5. Edgetech Industries

Headquarters: New York, USA
Key Offering: Custom-Formulated Cr-V Sputtering Targets

Edgetech Industries focuses on the development and production of specialty materials, including bespoke sputtering targets. The company works closely with clients to develop Chromium Vanadium alloys with specific microstructures and properties tailored for unique application requirements.

Technical Capabilities & Initiatives:

• Strong capabilities in alloy design and prototyping

• Collaborative approach to solving complex materials challenges for customers

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5️⃣ 6. Kurt J. Lesker Company

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: High-Performance Sputtering Targets and Evaporation Materials

The Kurt J. Lesker Company is a major global supplier of vacuum technology and thin-film deposition materials. While offering a vast portfolio, their expertise in providing reliable Chromium Vanadium targets for research and production environments is well-regarded, supported by extensive in-house technical knowledge.

Technical Capabilities & Initiatives:

• Integration of target supply with vacuum components and deposition systems

• Global footprint with manufacturing and support facilities in key regions

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4️⃣ 7. ACI Alloys, Inc.

Headquarters: San Jose, California, USA
Key Offering: Specialty Metal Alloys and Sputtering Targets

ACI Alloys specializes in the production of high-purity, non-ferrous metals and alloys for the semiconductor and electronics industries. Their Chromium Vanadium targets are produced with a focus on metallurgical integrity to ensure consistent performance in sputtering systems.

Technical Capabilities & Initiatives:

• Advanced melting and hot/cold working techniques for optimal target density

• Rigorous quality control protocols from raw material to finished product

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3️⃣ 8. Testbourne Ltd

Headquarters: Basingstoke, United Kingdom
Key Offering: High Purity Sputtering Targets and Evaporation Materials

Testbourne Ltd is a leading European supplier of high-purity metals and materials for thin-film deposition. The company supplies Chromium Vanadium sputtering targets that meet the stringent requirements of academic research institutions and industrial R&D departments.

Technical Capabilities & Initiatives:

• Strong focus on the research and development market segment

• Provision of comprehensive material certificates and analysis data

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2️⃣ 9. China Rare Metal Materials Co., Ltd.

Headquarters: Baoji, Shaanxi, China
Key Offering: Cost-Competitive Cr-V Targets for Industrial Applications

As a significant player in the Asian market, China Rare Metal Materials Co., Ltd. produces a wide range of sputtering targets, including Chromium Vanadium. The company leverages China’s robust rare earth and metal production infrastructure to offer competitive products for volume-driven applications.

Technical Capabilities & Initiatives:

• Large-scale production capacity to serve high-volume manufacturing

• Focus on expanding market share in the growing Asian semiconductor and display industries

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1️⃣ 10. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Advanced Material Solutions including Sputtering Targets

Materion Corporation is a premier advanced materials supplier with a strong heritage in high-performance alloys. Their engineered materials division produces sophisticated sputtering targets, including Chromium Vanadium alloys, designed for critical applications in electronics, defense, and medical devices.

Technical Capabilities & Initiatives:

• Proprietary manufacturing processes for ultra-uniform and high-purity materials

• Strategic R&D investments focused on materials for next-generation electronics

Get Full Report Here: Global Chromium Vanadium Sputtering Target Market – View in Detailed Research Report

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🌍 Outlook: The Future of Chromium Vanadium Sputtering Targets Is Driven by Precision and Performance

The Chromium Vanadium sputtering target market is experiencing a significant transformation. As device architectures shrink and performance requirements intensify, the demand for materials with exceptional purity, precise stoichiometry, and superior microstructural properties is escalating.

📈 Key Trends Shaping the Market:

• Increasing miniaturization in semiconductor devices demanding higher purity targets (99.999% and above)

• Growth of the electric vehicle and renewable energy sectors, driving demand for advanced coatings and thin-film batteries

• Rising adoption of PVD coatings in the aerospace and automotive industries for wear-resistant components

• Geographic expansion of semiconductor fabrication plants, particularly in North America and Asia-Pacific, creating new demand hubs

Get Full Report Here: Global Chromium Vanadium Sputtering Target Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are enabling the technological advancements that define modern electronics and industrial manufacturing.