Pune India, Jan. 09, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the sputter coatings market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the sputter coatings market are present across various countries in the above-mentioned regions.
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The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as target material, end-user, and region. The key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the paragraphs below.
The significant players operating in the global sputter coatings market are Materion Corporation, ULVAC, Inc., JX Nippon Mining & Metal Corporation, Heraeus Holding, Honeywell International Inc., Umicore Group, Praxair S.T. Technology, Inc., Tosoh SMD, Inc., Soleras Advanced Coatings, China Rare Metal Material Co. Ltd., JIANGYIN ENTRET COATING TECHNOLOGY CO. LTD., and GRIKIN Advanced Materials Co. Ltd. among other. To achieve a substantial market share in the worldwide sputter coatings market and strengthen their position, manufacturers are expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
A sputter coater, which has a vacuum chamber integrated with an anode and a cathode as well as a substrate formed of an anode powered by electricity, is used to coat an electrically conductive item. Sputter coating is an affordable way to coat an electrically conductive substance. Free electrons migrate from the negatively charged target source material in the plasma environment to the positively charged substrate, where they deposit a film coating. The assembly is impacted by the kind of sputtering technique used, such as reactive sputtering, co-sputtering, or magnetron processing. Sputter coating is a technique that is increasingly used in glass coating technology. The advancement of technology in glass displays is assisting the development of glass coating. Sputter coatings will therefore be indirectly driven in the market. The development of the internet of things (IoT) industry has also been aided by the technological improvements made in the semiconductor industry. Sputter coating is also used in the semiconductor industry. As a result, it is projected that the increased demand for IoT would have a significant impact on the market for sputter coatings. One of the technologies included in sputter coating, which also includes other technologies, is ion-assisted deposition.
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Scope of Sputter Coatings Market Report
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Million |
| Segments Covered | Target Material, End-User, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | Materion Corporation, ULVAC, Inc., JX Nippon Mining & Metal Corporation, Heraeus Holding, Honeywell International Inc., Umicore Group, Praxair S.T. Technology, Inc., Tosoh SMD, Inc., Soleras Advanced Coatings, China Rare Metal Material Co. Ltd., JIANGYIN ENTRET COATING TECHNOLOGY CO. LTD., and GRIKIN Advanced Materials Co. Ltd. among other |
Segmentation Analysis
The metal segment is expected to be the fastest-growing segment in 2022.
The target type segment is a compound and metal. The metal segment is expected to witness the highest growth rate during the forecast period. The factors can be linked to its high level of transparency and extensive demand from end-use industries like semiconductors and electronics as well as research and development organizations.
The electronic & semiconductor segment is expected to be the fastest-growing segment in 2022.
The end-user segment is electronic & semiconductor, automotive, and institutes. The electronic & semiconductor segment is expected to witness the highest growth rate during the forecast period. Sputter coating is also used in the semiconductor industry. As a result, it is projected that the increased demand for IoT would have a significant impact on the sputter coatings market. One of the technologies included in sputter coating, which also includes other technologies, is ion-assisted deposition. Sputter coating demand in the healthcare industry is increasing as a result of the use of this method in medical implants. Additionally, the growing worry of over-regulated hexavalent chromium pollution and upcoming government regulations are driving the demand for sputter coatings.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the sputter coatings include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The North America region witnessed a major share. The developed end-user industries, such as those in the automotive and transportation, electrical and electronics, and solar energy sectors, among others, are major driver of the product market's expansion. Furthermore, strict government laws limiting the use of low-emission glass are a contributing factor to the market expansion in the region. The US is mostly to blame for the regional market's growth.
Country Analysis
- Germany
Germany's sputter coatings market size was valued at USD 49.4 million in 2022 and is expected to reach USD 52.41 million by 2030, at a CAGR of 2% from 2023 to 2030. Because the government is promoting the use of low-emission glass more and more. As one of the first countries to adopt new technology, Germany is expected to have steady development in the beginning.
- China
China’s Sputter coatings market size was valued at USD 99.06 million in 2022 and is expected to reach USD 134.5 million by 2030, at a CAGR of 3.9% from 2023 to 2030. Due to rising demand from a number of industries, such as the electronics, glass, and solar industries, sputter target demand in China is expected to rise dramatically. Sputter coating is one such method, which involves depositing an incredibly thin layer of electrically conductive metals, such as gold, silver, platinum, and palladium, among others. These coatings range in thickness from 2 to 20 nanometers. The market is expected to grow significantly during the forecast period.
- India
India's sputter coatings market size was valued at USD 78.74 million in 2022 and is expected to reach USD 100.5 million by 2030, at a CAGR of 3.1% from 2023 to 2030. Due to some of the major electronics hubs in the area, the market for sputter coatings is growing in India.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of sputter coatings market is mainly driven by owing to the latest development in artificial intelligence.
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