The Global High Purity Evaporation Materials Market was valued at US$ 2.84 Billion in 2024 and is projected to reach US$ 4.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This robust growth is fueled by the relentless demand for miniaturized and high-performance electronic components, the proliferation of semiconductor manufacturing, and the accelerating adoption of thin-film technologies across sectors like consumer electronics, optics, and photovoltaics.

As the technological landscape advances toward more sophisticated and efficient devices, the role of materials suppliers who provide the fundamental building blocks for thin-film deposition becomes increasingly critical. In this blog, we profile the Top 10 Companies in the High Purity Evaporation Materials Industry—a select group of specialty chemical firms, material science leaders, and advanced manufacturers shaping the future of electronics and optics.

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🔟 1. TANAKA GROUP

Headquarters: Tokyo, Japan
Key Offering: High Purity Precious Metal Evaporation Materials (Gold, Silver, Platinum, Iridium)

TANAKA GROUP is a global leader in precious metals, including a comprehensive portfolio of high-purity evaporation materials. Their products are essential for creating highly conductive and corrosion-resistant thin films in semiconductor packaging, MEMS devices, and advanced optical coatings.

Innovation & Growth Initiatives:

• Development of ultra-high purity (6N to 7N) materials for next-gen semiconductors
• Expansion of production capacity for ruthenium and iridium targets
• Strategic focus on materials for 3D NAND and advanced logic nodes

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9️⃣ 2. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Pure Metals, Alloys, and Compounds for Evaporation

Materion is a premier advanced materials supplier, providing high-performance evaporation materials for the most demanding applications. Their expertise spans aerospace, defense, medical devices, and telecommunications, with a strong emphasis on material consistency and purity.

Innovation & Growth Initiatives:

• Advanced beryllium-based alloys for X-ray optics and aerospace
• Investment in R&D for sputtering and evaporation targets for 5G infrastructure
• Custom material solutions for specific customer manufacturing processes

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8️⃣ 3. Kurt J. Lesker Company

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: Comprehensive portfolio of evaporation sources (rods, pellets, wires, granules)

Kurt J. Lesker is a globally recognized leader in vacuum technology and thin-film deposition materials. The company offers one of the industry’s broadest selections of high-purity metals, alloys, and compounds in various forms to suit different evaporation systems.

Innovation & Growth Initiatives:

• Global distribution network ensuring rapid material supply
• Technical support and co-development partnerships with research institutions
• Expansion of materials for organic electronics and photovoltaics

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7️⃣ 4. Umicore

Headquarters: Brussels, Belgium
Key Offering: High Purity Metals, Sputtering Targets, and Evaporation Materials

Umicore is a leading global materials technology and recycling group. Their thin-film materials division supplies high-quality evaporation materials for applications in data storage, semiconductor, and optoelectronic industries, with a strong commitment to sustainable sourcing.

Innovation & Growth Initiatives:

• Leadership in cobalt and tantalum materials for memory applications
• Closed-loop recycling programs for precious metal targets
• R&D focused on materials for LiDAR sensors and AR/VR displays

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6️⃣ 5. Nichia Corporation

Headquarters: Anan, Tokushima, Japan
Key Offering: High Purity Metalorganic Sources and Compound Semiconductor Materials

While renowned as a world leader in LEDs, Nichia is also a critical supplier of high-purity metalorganic chemical vapor deposition (MOCVD) precursors and evaporation materials used in the manufacture of optoelectronic devices, including lasers and high-brightness LEDs.

Innovation & Growth Initiatives:

• Pioneering materials for micro-LED displays
• Development of high-efficiency evaporation materials for VCSELs (Vertical-Cavity Surface-Emitting Lasers)
• Proprietary synthesis of ultra-pure gallium and indium compounds

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5️⃣ 6. Kojundo Chemical Laboratory Co., Ltd.

Headquarters: Saitama, Japan
Key Offering: Ultra-High Purity (up to 99.99999%) Metals and Ceramic Evaporation Materials

Kojundo Chemical Laboratory specializes in producing some of the world’s purest materials for research and high-tech industries. They are a go-to supplier for academia and industrial R&D labs working on cutting-edge semiconductor and nanotechnology projects.

Innovation & Growth Initiatives:

• Specialization in rare earth and refractory metal evaporation sources
• Custom material fabrication for specific research requirements
• Strong presence in the Asian semiconductor research ecosystem

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4️⃣ 7. Stanford Advanced Materials (SAM)

Headquarters: Lake Forest, California, USA
Key Offering: Wide range of high-purity metals, alloys, oxides, and fluorides

Stanford Advanced Materials is a trusted global supplier of high-purity evaporation materials for both research and industrial production. SAM serves a diverse clientele across aerospace, medical, and electronics sectors with a focus on quality and reliability.

Innovation & Growth Initiatives:

• Broad product portfolio catering to diverse thin-film applications
• Strategic stockholding for fast delivery of standard materials
• Investment in advanced purification and analytical capabilities

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3️⃣ 8. Angstrom Sciences, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Custom-Engineered Sputtering Targets and Evaporation Materials

Angstrom Sciences is a leading manufacturer of thin-film deposition materials, known for its expertise in fabricating complex geometries and bonded assemblies. They work closely with customers to develop materials that meet precise performance specifications.

Innovation & Growth Initiatives:

• Expertise in large-area and rotatable targets for display manufacturing
• Advanced bonding technologies for high-power applications
• Focus on materials for flexible and printed electronics

Download FREE Sample Report:
High Purity Evaporation Materials Market – View in Detailed Research Report

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2️⃣ 9. MSE Supplies

Headquarters: Tucson, Arizona, USA
Key Offering: Research-grade evaporation materials and laboratory equipment

MSE Supplies provides high-quality materials and equipment to the global research community. They are a key supplier for universities, national labs, and corporate R&D centers, offering a vast selection of high-purity metals, oxides, and salts for thin-film deposition.

Innovation & Growth Initiatives:

• Strong online platform for easy ordering of research quantities
• Support for emerging fields like quantum computing and 2D materials
• Collaboration with research institutions on material development

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1️⃣ 10. Plasmaterials, Inc.

Headquarters: Tracy, California, USA
Key Offering: High Purity Evaporation Sources and Custom Fabrication

Plasmaterials is a specialist manufacturer of high-purity evaporation materials, including pellets, rods, and wires. They are known for their responsive customer service and ability to produce custom-formulated alloys and compounds for specialized applications.

Innovation & Growth Initiatives:

• Agile manufacturing for small-batch and prototype materials
• Expertise in reactive evaporation materials
• Focus on serving the North American defense and aerospace markets

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High Purity Evaporation Materials Market – View in Detailed Research Report

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🔬 Outlook: The Future of High Purity Evaporation Materials Is Smarter and More Integrated

The high purity evaporation materials market is undergoing a significant transformation. As device architectures become more complex, the demand for materials with exceptional purity, precise stoichiometry, and tailored properties is intensifying. The industry is responding with advancements in material science and more integrated supply chains.

📈 Key Trends Shaping the Market:

• Transition to larger wafer sizes (300mm and beyond) requiring larger, more uniform evaporation sources
• Growing demand for compound semiconductors (GaN, SiC) for power electronics and RF applications
• Increasing use of evaporation in packaging technologies like Fan-Out and 3D integration
• Rise of additive manufacturing and printed electronics, creating new application avenues

Get Full Report Here:
High Purity Evaporation Materials Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are enabling the next generation of technological innovation across every sector that relies on advanced thin films.