[FURL=https://www.industryarc.com/Report/18820/apac-sputter-targets-market?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]APAC Sputter Targets market[/FURL] is forecast to reach $1.2 billion by 2026, after growing at a CAGR of 5.9% during 2021-2026. Sputtering is an advanced physical vapour deposition and hot isostatic pressing technology that is mainly used to deposit very thin layers of 3-5 mm for a wide variety of commercial and scientific purposes. This technology is mainly used into electronics and semiconductor manufacturing where coating layers plays an important role in the performance of the final products.Key Takeaways
China dominates the APAC Sputter Targets market owing to increasing demand from various end use such as aerospace & defense, electronics and others.
The growing popularity for sputtering targets made coatings, is likely to aid in the market growth of sputtering targets and evaporation materials market.
Implementation of governments regulations towards electronics industries will increase the market demand for sputtering targets and evaporation materials market in the near future.
COVID-19 pandemic will create hurdles for the APAC Sputter Targets market.
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APAC Sputter Targets Market Segment Analysis – By Geography
China has dominated the APAC Sputter Targets market. Major countries in this region are China, Japan, South Korea and Others. According to Boeing (Commercial Market Outlook 2018-2037), China will need 7,690 new aircraft over the next 20 years valued at US$1.2 trillion. Around 74% of the demand for single-aisle aircraft will be during this period, while for wide-body, the demand will be 21%. China also accounts for 15% of the world's commercial aircraft fleet at present, and by 2037 it will be nearly 20%. In Japan, according to Japan automobile manufacturers association, Inc. (JAMA), total number of motor vehicle production was 5,272,068 in 2018 and 3,601,475 in 2019.
APAC Sputter Targets Market Drivers
Increasing demand for electronic products
Prevalence of APAC Sputter Targets in coating applications
APAC Sputter Targets Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the APAC Sputter Targets market. In 2020, the market of fuel additives has been consolidated by the top five players accounting for 36% of the share. Major players in the APAC Sputter Targets market are Materion Corporation, SCI Engineered Materials, Inc., Hitachi Metals Ltd., Ulvac, Inc., Treibachner industrie AG, Umicore Thin Film Products AG, Kurt J. Lesker Company, PLANSEE SE, Furuya Metal Co., Ltd., Able Target Ltd. among others.
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