Sputter Coating Market Size and Growth Rate:
According to the research report, the Global Sputter Coating Market Size was Expected to reach USD 9550 million by the end of 2023 with a CAGR of 5.1% during the forecast period 2018-2023.
Sputter Coating Market Overview:
The sputtering is considered a leading technology widely used in the manufacture of electronic products where the coatings with a thickness of 3 to 5 micrometers. The material to be coated is rotary or flat, called the sputtering target. The sputter coating is mainly used for the production of a transparent conductive oxide film on the substrate and can be used in various applications, such as solar panels, flat screens, and semiconductors, among others.
Sputter Coating Market - Drivers and Restraints:
The technology is being gradually implemented, particularly in glass coating technology. The growing technological advance of glass screens supports the development of glass lining. Ultimately, this will feed the worldwide market for sputter coatings. In addition, technological developments in the semiconductor sector should lead to the development of the Internet of Things (IoT) market. This technology is also likely to find its application in the semiconductor industry. It is expected that the growing demand and popularity of the IoT market will significantly increase the growth of the sputter coating market. In addition, there are many technologies, in particular, sputter coating, that include ion-assisted deposition.
Sputter Coating Market - Regional Presence:
In terms of geography, the worldwide sputter coating market can be classified into North America, Europe, the Middle East, and Africa, Latin America, and Asia-Pacific. It is expected that Europe and North America will grow steadily in the coming years due to the rapid adoption of the latest technologies. In addition, the use of aerosol coatings results in an important primary investment that is not available in all provinces, so the market has yet to flourish in underdeveloped areas.
Some of the Prominent Companies leading the Global Sputter Coating Market Profiled in the Report are:
- JX Nippon Mining & Metal
- Tosoh SMD
- Soleras Advanced Coatings
- China Rare Metal Material
- Jiangyin Entret Coating Technology
The Research Report segments the Sputter Coating Market into the following submarkets:
Sputter Coating Market- By Product Type:
- Metal and Element
Sputter Coating Market - By Application:
- Flat Panel Display
- Solar Panel
- Architectural Glass
Sputter Coating Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa