Research and Markets has announced the addition of the "Sputter Coatings Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.

The global consumption of sputter coating targets is expected to be pegged at 16,106.0 MT by 2026 end.

Growing demand for smartphones to positively impact the global sputter coatings market

Sputter coating is prominently used in flat panel displays and this is expected to drive the global sputter coatings market owing to a rise in demand across the globe. Growing demand for smartphones, OLED, and LED screens among others in turn is expected to drive the demand for sputter targets over the forecast period. Along with this, growing demand for semiconductors and microelectronics has also stimulated the sputter targets demand over the forecast period.

Global semiconductor production is forecast to witness a steady growth of around 6% over 2016-2026, which is anticipated to boost the global sputter coatings market. Furthermore, government investment in solar energy projects helps increase the demand for solar panels.

Owing to a rise in demand for high efficiency thin film solar panels across the globe, there is an increase in the demand for sputter targets. Government regulations in developed regions such as North America and Europe pertaining to infrastructure development i.e. zero energy buildings will lead to an increased demand of the low-e glass that will in turn increase the demand for sputter targets. These factors are expected to boost growth of the global sputter coatings market over the forecast period (2016 - 2026).

However, many industries are focussed on the development of alternative methods for effective coatings, and this is likely to adversely impact the demand for sputter targets. The variation in efficiency of coating and price fluctuation are other factors that are expected to restrict the growth of the global sputter coatings market.

Market Segmentation

By Target Types

  • Metal and Element
  • Alloys
  • Compounds

By Application

  • Flat Panel Display
  • Solar Panel
  • Architectural Glass
  • Semiconductors
  • Others

Key market players are investing heavily in R&D to gain a foothold in the global sputter coatings market

Some of the major 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.
  • GRIKIN Advanced Materials Co. Ltd.

For more information about this report visit http://www.researchandmarkets.com/research/59ww96/sputter_coatings