The Global Magnesium Sputtering Target Market was valued at USD 215.6 Million in 2024 and is projected to reach USD 322.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is primarily driven by the escalating demand for thin-film coatings in the semiconductor, display, and solar panel industries, coupled with the expanding applications of magnesium in creating lightweight, corrosion-resistant layers for aerospace and automotive components.

As industries worldwide push for miniaturization and enhanced material performance, the demand for high-purity sputtering targets has intensified. In this critical ecosystem, specialized materials suppliers are engineering the foundational components for next-generation technology. This blog profiles the Top 10 Companies in the Magnesium Sputtering Target Industry—global leaders and niche specialists shaping the future of thin-film deposition.

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🔟 1. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: High-Purity (99.9%-99.999%) Magnesium Sputtering Targets, Custom Alloys

American Elements is a global manufacturer of engineered and advanced materials, supplying high-purity magnesium sputtering targets in various forms, including rotatable and planar types. The company serves a diverse clientele across R&D, semiconductor fabrication, and optical coating sectors.

Innovation & Technical Capabilities:

• Extensive portfolio of over 15,000 advanced materials

• Custom target fabrication for specific application requirements

• R&D focus on magnesium-based alloy targets for specialized coatings

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9️⃣ 2. Kurt J. Lesker Company

Headquarters: Jefferson Hills, Pennsylvania, USA
Key Offering: Magnesium Sputtering Targets, Deposition Systems, Vacuum Components

The Kurt J. Lesker Company is a leading global supplier of vacuum technology and thin-film deposition materials. They provide high-quality magnesium sputtering targets alongside a complete ecosystem of deposition equipment, offering integrated solutions for research and industrial applications.

Innovation & Technical Capabilities:

• Vertically integrated from material production to system design

• Stringent quality control for high-performance, low-defect targets

• Strong presence in the academic and industrial R&D sectors

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8️⃣ 3. NANOSHEL

Headquarters: Wilmington, Delaware, USA
Key Offering: Nanomaterials, High-Purity Metal Sputtering Targets (including Magnesium)

NANOSHEL specializes in nanomaterials and high-purity metals for advanced applications. The company supplies magnesium sputtering targets with a focus on research-grade purity and consistency, catering to universities, national labs, and technology startups.

Innovation & Technical Capabilities:

• Expertise in nanomaterial synthesis and advanced material forms

• Quick-turnaround capabilities for custom research specifications

• Global distribution network for research institutions

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7️⃣ 4. Stanford Advanced Materials

Headquarters: Lake Forest, California, USA
Key Offering: High-Purity Metals, Sputtering Targets, Evaporation Materials

Stanford Advanced Materials (SAM) is a trusted supplier of high-purity metals and ceramics. The company offers a wide range of magnesium sputtering targets known for their excellent density, purity, and performance in demanding thin-film deposition processes.

Innovation & Technical Capabilities:

• Purity levels up to 99.999% (5N5) for critical applications

• Advanced bonding technologies for improved thermal management

• Compliance with stringent semiconductor industry standards

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Global Magnesium Sputtering Target Market – View in Detailed Research Report

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6️⃣ 5. Goodfellow

Headquarters: Huntingdon, Cambridgeshire, UK
Key Offering: Metals, Alloys, Polymers, Ceramics, and Sputtering Targets

Goodfellow is a leading international supplier of materials for research, development, and specialized manufacturing. They provide high-purity magnesium sputtering targets and other metallic forms, supported by extensive technical data and global logistics.

Innovation & Technical Capabilities:

• Vast catalog of over 100,000 products for science and industry

• Rapid delivery of small-quantity orders for prototyping and R&D

• Strong customer support and material selection guidance

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5️⃣ 6. EVOCHEM Advanced Materials

Headquarters: Munich, Germany
Key Offering: High-Purity Sputtering Targets, Evaporation Materials, Custom Alloys

EVOCHEM Advanced Materials is a European specialist in high-purity materials for thin-film technology. The company focuses on providing high-performance magnesium targets for applications in microelectronics, optics, and surface engineering.

Innovation & Technical Capabilities:

• Specialization in rare earth and refractory metal targets

• Advanced analytical services for material characterization

• Collaborative development projects with European research centers

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4️⃣ 7. ALB Materials Inc

Headquarters: Zhejiang, China
Key Offering: High-Purity Metals, Sputtering Targets, Crucibles

ALB Materials Inc is a significant global supplier of high-purity metals and sputtering targets. The company has a strong manufacturing base in Asia and supplies magnesium targets to the growing electronics and display manufacturing sectors in the region.

Innovation & Technical Capabilities:

• Competitive pricing and large-scale production capability

• Focus on serving the Asia-Pacific manufacturing hub

• Expanding product portfolio to include more advanced material grades

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3️⃣ 8. Stanford Materials Corporation

Headquarters: Irvine, California, USA
Key Offering: Optical Crystals, Sputtering Targets, High-Purity Metals

Stanford Materials Corporation (SMC) provides high-quality materials for optical, electronic, and research applications. Their magnesium sputtering targets are used in creating protective and functional coatings for various high-tech industries.

Innovation & Technical Capabilities:

• Expertise in optical coating materials

• Precision machining for complex target geometries

• Reliable supply chain for consistent material quality

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2️⃣ 9. Otto Chemie Pvt Ltd

Headquarters: Mumbai, Maharashtra, India
Key Offering: Laboratory Chemicals, High-Purity Metals, Sputtering Targets

Otto Chemie is a leading supplier of laboratory chemicals and research materials in India. The company offers magnesium sputtering targets, serving the burgeoning South Asian market for electronics manufacturing and academic research.

Innovation & Technical Capabilities:

• Strong regional distribution network across India

• Focus on affordability and accessibility for educational institutions

• Growing investment in high-purity material processing

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1️⃣ 10. Glentham Life Sciences

Headquarters: Corsham, Wiltshire, UK
Key Offering: Biochemicals, Fine Chemicals, High-Purity Metals and Sputtering Targets

Glentham Life Sciences supplies a wide range of chemicals and materials for research and industry. Their portfolio includes magnesium sputtering targets, providing a reliable source for European customers in research and small-scale production.

Innovation & Technical Capabilities:

• Diverse product range supporting multiple scientific disciplines

• Efficient logistics for fast delivery across Europe

• Commitment to quality and customer service

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Global Magnesium Sputtering Target Market – View in Detailed Research Report

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🌍 Outlook: The Future of Magnesium Sputtering Targets is High-Performance and Application-Specific

The magnesium sputtering target market is evolving rapidly, driven by technological advancements in deposition techniques and the relentless demand for superior thin-film properties. While standard high-purity targets form the market’s backbone, the future lies in specialized alloy targets, larger-size formats for display manufacturing, and advanced bonding technologies for enhanced productivity.

📈 Key Trends Shaping the Market:

• Growing adoption of rotatable targets for increased material utilization and longer operational life in large-area coating

• Rising demand from the flexible and organic electronics sector, requiring specific thin-film properties

• Increased R&D into magnesium alloy targets (e.g., Mg-Al, Mg-Li) for tailored electrical, optical, and mechanical coating characteristics

• Stringent quality requirements from the semiconductor industry, pushing purity standards to 99.999% and above

The companies profiled are not just supplying materials; they are enabling the next wave of technological innovation across electronics, energy, and advanced manufacturing.

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