The global Titanium Sputtering Target market was valued at US$ 233.4 million in 2022 and is projected to reach US$ 347.2 million by 2029, at a CAGR of 5.8% during the forecast period. This growth is primarily driven by the relentless demand for smaller, faster, and more powerful electronic devices, the expansion of the semiconductor industry, and increasing adoption of thin-film coatings in sectors like photovoltaics and flat panel displays.

As the backbone of advanced manufacturing processes for semiconductors, solar cells, and optical coatings, high-purity titanium sputtering targets are critical components. In this blog, we profile the Top 10 Companies in the Titanium Sputtering Target Industry—a group of global material science leaders and specialist manufacturers who are enabling the next generation of technology.

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Titanium Sputtering Target Market – View in Detailed Research Report

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🔟 1. JX Nippon Mining & Metals

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

JX Nippon Mining & Metals is a global leader in the production of high-performance metals and advanced materials. The company’s sputtering targets are essential for depositing thin, uniform titanium films in semiconductor manufacturing, renowned for their exceptional purity and consistency.

Innovation & Market Focus:

• Pioneer in 6N (99.9999%) purity titanium targets for leading-edge logic and memory chips

• Strong R&D focus on targets for next-generation 3D NAND and DRAM applications

• Strategic partnerships with major global semiconductor foundries

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9️⃣ 2. Tosoh Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Titanium Targets, Zirconium-Titanium Alloy Targets

Tosoh is a prominent Japanese chemical and specialty materials company with a significant presence in the sputtering target market. Its advanced titanium targets are used in a wide array of applications, from microelectronics to decorative coatings.

Innovation & Market Focus:

• Manufactures both planar and rotary targets for increased material utilization

• Expertise in alloy sputtering targets for specialized barrier layer applications

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

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8️⃣ 3. Honeywell Electronic Materials

Headquarters: Charlotte, North Carolina, USA
Key Offering: Titanium and Titanium-based Alloy Sputtering Targets

Honeywell is a key supplier of advanced electronic materials to the global semiconductor industry. Their sputtering targets are known for high density, fine grain size, and purity, which are critical for achieving reliable and high-yield semiconductor production.

Innovation & Market Focus:

• Provides comprehensive technical support and co-development services with chipmakers

• Focus on targets for advanced interconnect and barrier layer systems

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7️⃣ 4. KFMI (Korea Foundation of Metal Industry)

Headquarters: Incheon, South Korea
Key Offering: High-Purity Titanium Sputtering Targets for Displays and Semiconductors

KFMI is a major South Korean producer supporting the country’s massive display and semiconductor manufacturing sector. The company supplies critical materials to domestic giants like Samsung and SK Hynix, ensuring a resilient supply chain.

Innovation & Market Focus:

• Strategic focus on serving the high-growth Asian electronics market

• Investments in scaling production capacity to meet local demand

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

Headquarters: Danbury, Connecticut, USA
Key Offering: Titanium and Titanium Nitride (TiN) Sputtering Targets

Praxair, now operating under Linde, has a long history of providing high-quality sputtering targets. Their titanium targets are used not only in electronics but also for wear-resistant and decorative coatings in various industrial applications.

Innovation & Market Focus:

• Expertise in reactive sputtering with titanium to produce hard TiN coatings

• Global logistics network for reliable material supply

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5️⃣ 6. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Ultra-High Purity Titanium Sputtering Targets, Custom Alloys

Materion is a leading advanced materials solutions provider. The company’s Performance Materials division produces precision titanium targets that meet the stringent requirements of the aerospace, defense, and semiconductor industries.

Innovation & Market Focus:

• Specializes in custom-engineered alloy targets for specific customer applications

• Strong focus on quality control and traceability for critical applications

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

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4️⃣ 7. GRIKIN Advanced Material Co., Ltd.

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

GRIKIN is a major Chinese manufacturer of high-purity metal sputtering targets. The company has grown significantly, supported by China’s push for self-sufficiency in key electronic materials and its booming domestic semiconductor industry.

Innovation & Market Focus:

• Rapid expansion of production capacity to serve the Chinese market

• Focus on cost-competitive targets for medium to high-end applications

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3️⃣ 8. ULVAC, Inc.

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

ULVAC is unique as a provider of both vacuum equipment and the consumable targets used within them. This integrated approach allows for optimized performance and deep application knowledge, particularly in the display and photovoltaic sectors.

Innovation & Market Focus:

• Synergy between target manufacturing and equipment design

• Leading supplier to the global flat panel display manufacturing industry

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2️⃣ 9. Kurt J. Lesker Company (KJLC)

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: High-Purity Titanium Sputtering Targets for R&D and Production

KJLC is a global manufacturer and distributor of vacuum technology and thin-film deposition materials. The company serves a broad customer base, from academic research labs to industrial production facilities, with a wide range of titanium target specifications.

Innovation & Market Focus:

• Extensive product portfolio catering to diverse purity and size requirements

• Strong distribution network for rapid delivery of R&D quantities

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1️⃣ 10. China New Metal Materials Technology Co., Ltd.

Headquarters: Xiamen, China
Key Offering: Titanium and Titanium Alloy Sputtering Targets

China New Metal Materials is an emerging player focusing on the development and production of high-value metal materials. The company is investing heavily to increase its market share in the high-purity sputtering target segment, supported by national industrial policies.

Innovation & Market Focus:

• Strategic investments in advanced metallurgy and processing technology

• Aiming to capture a larger share of the domestic Chinese market

Read Full Report:
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 evolving in lockstep with the electronics industry. While the semiconductor sector remains the dominant consumer, new applications in energy storage, medical devices, and flexible electronics are creating additional growth avenues.

📈 Key Trends Shaping the Market:

• Demand for ultra-high purity (6N and above) targets for sub-5nm semiconductor nodes

• Growth of rotary target technology for higher material utilization and longer lifespan

• Increasing geographic diversification of supply chains beyond traditional hubs

• R&D into titanium-based alloys for specialized functional coatings

Read Full Report:
Titanium 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 the modern world, from the smartphone in your pocket to the solar panels on your roof.