Sputter Coatings Market: the global market is expected to exhibit a CAGR of over 4%, during the assessed period, 2020-2030

Pune, India, March 12, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Sputter Coatings Market Research Report

Sputter Coatings Market Highlights

Sputter coatings are widely used in the end-user industries such as an automobile, electrical & electronics, energy, defense, and architecture among others. The global sputter coatings market is spanned across five regions of the world namely Europe, North America, Asia Pacific Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to continue leading owing to the growing development in the electronics and automobile sector mainly in Japan, China, and India. The presence of the most populated countries has augmented the construction and automotive sector, which is expected to boost the market growth during the forecast years. The growing demand for low emitting glass in the infrastructural sector is further fuelling the market growth. Moreover, the growing electrical and electronic sector mainly in Japan and China have impacted the sputter coatings market positively due to its growing use in semiconductors, LCD’s, mobile phones, and laptops. Furthermore, the growing investment in solar power is also surging the demand owing to the use of sputter coatings in the solar cells and photodiodes among others.

North America is the second largest region in the market of sputter coatings and is expected to retain its dominance during the forecast years. The developed end-user industry coupled with the increasing adoption rate is the major factor driving the market growth. The growing investment in the solar power sector, especially in Canada and U.S., will further add to the market growth. Furthermore, the developed electronic sector coupled with the presence of the adoption of sputter coatings by the major automobile manufacturers is also positively affecting the market.  

Global Sputter Coatings market share, by region

Source: MRFR analysis

Segmentation

The global sputter coatings market is segmented into the target material, substrate, and application industry. On the basis of the target material, the market is segmented into pure material, alloys, compounds, and others. On the basis of the substrate, the global sputter coatings market is segmented into ceramic, metals & dielectric, glass, plastic, semiconductors, and others.  On the basis of the application, the market is bifurcated into automotive & transportation, architecture, electrical & electronics, defense, energy, optical coatings, tribological coatings, and others.  

 Competitive Analysis

Some of the prominent players operating in the global sputter coatings market are JX Nippon Mining & Metals Corporation (Japan), Tosoh SMD Inc. (U.S.), Hitachi Metals Ltd. (Japan), Mitsui Mining & Smelting Co., Ltd.  (Japan), Umicore (Belgium), Hereaus Deutschland Gmbh & Co. Kg. (Germany), Materion Corporation (U.S.), IANGYIN ENTRET COATING TECHNOLOGY CO. LTD (China), and GRIKIN Advanced Materials Co. Ltd (China) among others. Access Full Report Details - Sputter Coatings Market size