Fior Markets launched a study titled “Tantalum Sputtering Target Market by Type (Low Purity, High Purity, Ultra High Purity), Application, Regions”,and Global Forecast 2018-2025.
The global tantalum sputtering target market is expected to grow from USD XX.XX Million in 2017 to USD XX.XX Million by 2025, at a CAGR of X.XX% during the forecast period from 2018-2025. Increasing demand for the tantalum coatings for the applications such as manufacturing super alloys, electron-beam melting, integrated circuits and thin film transistors and liquid crystal display are propelling the global tantalum sputtering targetmarket
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Although the factors such as rising demand for the LCD displays as well as growth of the electronic devices manufacturing industry are driving the global tantalum sputtering targetmarket, the Volatility in the price of tantalum as well as restrictions on its mining are expected to hold back the growth of the market over the forecast period.
The ultra-high purity segment led with a 42.81% share of market revenue in 2017
The type segment is divided into low puritytantalum sputtering targets, high puritytantalum sputtering targets and ultra-high purity tantalum sputtering targets. Due to its widespread utilization for the coating for solar energy cells, integrated circuits and semiconductor in the electronics industry, the ultra-high purity tantalum sputtering target emerged as the global leader in the tantalum sputtering targetmarket with a 42.81% share of market revenue in 2017.
Semiconductors segment is anticipated to grow at a CAGR of X.XX% in 2018-2025
Application is segmented into semiconductors, solar cells, LCD displays, others. Factors such as quality of tantalum sputtering to form a very thin coating on the surface of semiconductors for providing the protection against the corrosion, chemicals and high temperatures, and its use in the electronics manufacturing industry, the semiconductors application segment is projected to grow at the highest CAGR of X.XX% over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. On the basis of factors such as rapid growth of electronics manufacturing industry, rising demand for the personal electronic devices, coupled with growing emphasis on the solar energy, the Asia Pacific region dominated the global demand for the tantalum sputtering targetwith a 39.58% share of market revenue in 2017.North America region also held a robust market share in 2017, owing to its well-developed electronics manufacturing sector.
Major players in the global tantalum sputtering target market are Jx Nippon, Tosoh, Honeywell Electronic Materials, Kfmi, Praxair, Cxmet, Plansee, Ulval, Kjlc, China New Metal Materials, Advanced Metallurgical Group, Cabot Corporation, Alliance Mineral Assets Limited, China Minmetals Corporation, and Tantalex Resources Corp, Stanford Advanced Materials, Kurt J. Lesker Company, H.C. Starck, and among others.
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