Top 10 Companies in the Metals and Magnetic Materials Sputtering Target Material Industry (2025): Market Leaders Driving Thin Film Technology

In Business Insights
June 09, 2025

The Global Metals and Magnetic Materials Sputtering Target Material Market was valued at USD 687.3 million in 2024 and is projected to reach USD 992.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2024-2030). This expansion is fueled by increasing demand from semiconductor manufacturing, solar energy applications, and advanced display technologies.

As industries worldwide transition toward high-performance materials for electronic devices and renewable energy solutions, sputtering target materials have become critical components in thin film deposition processes. This blog examines the Top 10 Companies in the Metals and Magnetic Materials Sputtering Target Material Industry—leaders who are setting benchmarks in material purity, innovation, and supply chain reliability.


🔟 1. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-purity sputtering targets (Al, Cu, Ti, Ni, Co, etc.)

Hitachi Metals is a global leader in advanced metal solutions, offering ultra-high purity sputtering targets for semiconductor and display applications. Their proprietary material processing techniques ensure exceptional uniformity and density in thin film deposition.

Innovation Highlights:

  • Developed world’s first 99.9999% pure cobalt targets
  • Pioneering work in rare earth magnetic targets
  • Strategic partnerships with leading semiconductor foundries

Download FREE Sample Report:
Global Metals and Magnetic Materials Sputtering Target Material Market – View in Detailed Research Report


9️⃣ 2. Materion Corporation

9️⃣ 2. Materion Corporation

Headquarters: Mayfield Heights, Ohio, USA
Key Offering: Specialty alloy targets, precious metal targets

Materion provides high-performance sputtering targets for demanding applications in aerospace, defense, and microelectronics. Their proprietary alloy formulations enable precise thin film properties for specialized applications.

Innovation Highlights:

  • Advanced bonding technologies for large-area targets
  • Custom alloy development capabilities
  • ISO Class 5 clean room manufacturing facilities

8️⃣ 3. JX Nippon Mining & Metals

Headquarters: Tokyo, Japan
Key Offering: Copper, aluminum, and specialty metal targets

JX Nippon combines mining expertise with advanced material science to produce high-quality sputtering targets. Their vertical integration from ore to finished product ensures consistent material quality and supply security.

Innovation Highlights:

  • Leading supplier for 3D NAND flash memory production
  • Advanced recycling programs for target materials
  • Expanding capacity for EUV lithography applications

7️⃣ 4. Plasmaterials, Inc.

Headquarters: Livermore, California, USA
Key Offering: High-purity precious metal targets

Specializing in gold, silver, platinum and palladium targets, Plasmaterials serves the semiconductor, medical device, and optical coating industries with ultra-high purity materials.

Innovation Highlights:

  • 99.9999% purity guarantees
  • Custom target geometries for R&D applications
  • Rapid prototyping capabilities

Download FREE Sample Report:

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The Global Metals and Magnetic Materials Sputtering Target Material Market was valued at USD 687.3 million in 2024 and is projected to reach USD 992.8 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2024-2030). This expansion is fueled by increasing demand from semiconductor manufacturing, solar energy applications, and advanced display technologies.

As industries worldwide transition toward high-performance materials for electronic devices and renewable energy solutions, sputtering target materials have become critical components in thin film deposition processes. This blog examines the Top 10 Companies in the Metals and Magnetic Materials Sputtering Target Material Industry—leaders who are setting benchmarks in material purity, innovation, and supply chain reliability.


🔟 1. Hitachi Metals, Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-purity sputtering targets (Al, Cu, Ti, Ni, Co, etc.)

Hitachi Metals is a global leader in advanced metal solutions, offering ultra-high purity sputtering targets for semiconductor and display applications. Their proprietary material processing techniques ensure exceptional uniformity and density in thin film deposition.

Innovation Highlights: