Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The trends witnessed by market include notable shifts reflecting its dynamic nature in crucial sector like Sputter Coatings Industry. For instance, there has been a surge in demand for sputter coatings which are widely used thin-film deposition technique across various industries due to technological advancements alongside changing consumer behavior patterns. The adoption of sputter coatings has become more prominent in electronics manufacturing for example; where manufacturers need increasingly precise uniform thin films on components such as semiconductors since electronic devices are becoming more sophisticated and compact. Thus, sputter coatings offer reliable solutions to manufacturers who would like to achieve the desired film thickness with high precision.
Furthermore, sustainability is evolving as a key driver in the Sputter coatings market. Industries are seeking for sustainable coating solutions as they increasingly focus on environmentally friendly practices and products. Sputter coatings have become pertinent in most companies because it is a deposition technique that minimizes waste and enables efficient use of materials thus helping companies achieve their sustainability objectives. This trend has been particularly observed in the automotive and packaging industries where environmental friendly coating processes are being adopted by manufacturers.
Similarly, there is a geographical shift in demand which has seen Asia-Pacific emerge as an important player in the Sputter coatings landscape. The region’s rapid industrial growth especially evidenced by China and India, stimulates the requirement of advanced coating technologies. Consequently, electronics and automobile industries within Asia-Pacific region have registered significant increase characterized by increased need for high performing sputter coatings. This change of locations has altered competition within the market as many businesses look forward to expand into this part of world specifically.
Additionally there are innovations occurring with materials and process within the Sputter coatings market. New materials that offer improved performance, durability and cost effectiveness have always been under development among researchers plus manufacturers globally. In order to make sputtering more versatile or open up new areas of application/ markets, novel sputtering techniques & materials have been developed making them flexible & apposite for various purposes including those targeting specific sectors/goods/services thereby driving innovation rather than imitation by both incumbents & entrants in this particular industry.
On the other hand, sputter coatings are becoming increasingly important in the medical and healthcare industry. The market for high-quality, biocompatible coatings on medical devices is increasing. Sputter coatings are well-suited to medical applications because they can deposit thin films with excellent adhesion and uniformity. In improving the performance and biocompatibility of medical equipment, sputter coatings have become indispensable components involved in implants to diagnostic devices.
Sputter Coatings Market Highlights:
Global Sputter Coatings Market Overview
The global sputter coatings market was valued at USD 4.9 billion in 2018 and is expected to register a CAGR of 5.1% during the forecast period, 2019–2025. Sputtering is a technology involving the deposition of very thin film of electrically conductive materials with 3-5 µm thickness onto a substrate. Sputter coatings generate a transparent conductive oxide (TCO) film on the material. The electrically conductive materials or metals used are generally gold, silver, platinum, and palladium, among others. The range of substrates on which these coatings can be applied are insulators (glass, plastic), metals & dielectric, and semiconductors, among others. The material which is to be coated is called as sputter target, which is placed in a rotary or in a planar form. Sputter coating is a commonly employed for coating architectural glass, solar panels, consumer electronics displays, and automotive glasses, among others.
The escalating growth of the electricals & electronics industry in the developing economies due to the rising per-capita income, increasing consumer purchasing power, and lowering prices of electronics devices is fueling the growth of the sputter coatings market. The growth in the architectural construction in countries of Asia-Pacific and the Middle East & Africa are incorporating glass to a large extent, which in turn drives the demand for glass coatings, thus boosts the market for sputter coatings in these regions. The rising demand for functional and decorative coatings in the automotive & transportation industry is also contributing to the growth of the product market. Furthermore, the technological advances in healthcare are expected to provide growth impetus to the market in the coming years.
However, the high cost of electrically conductive material may restrain the market growth during the forecast period. Also, the technological barriers of sputter coating technology are challenging the market growth.
Market Segmentation The global sputter coatings market has been segmented based on target material, substrate,application, and region. Based on the target material, the market has been segmented into pure material, alloys, compounds, and others. On the basis of the substrate, the global sputter coatings market has been categorized into ceramic, metals & dielectric, glass, plastic, semiconductors, and others. By application, the market has been bifurcated into automotive & transportation, architecture, electrical & electronics, energy, and others.
Regional Analysis
Geographically, the global sputter coatings market has been studied with respect to five key regions, namely North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Asia-Pacific dominated the global sputter coatings market in 2018 and is projected to continue its dominance during the forecast period. Some of the major electronics hubs, such as Japan, South Korea, and Taiwan, as well as due to the growing electronics demand from the emerging economies, such as China and India are driving the growth of the sputter coatings market in the region. Rising per capita disposable income, increasing consumer purchasing power, rising need for smart built up and thinner electronics, decreasing prices of electronics items, and lucrative government initiatives are some of the factors contributing to the growth of the electronics industry in the region. The continuous population expansion in countries such as India and China are propelling the demand for energy at a rapid pace, which, in turn, is fueling the demand for solar energy in the region. The rapid urbanization in the countries in Asia-Pacific are driving the demand for architectural glass coatings, thereby supporting the growth sputter coatings market. The growing automotive production and sales in the region due to the rising per-capita income and improving standards of living are also contributing to the product market growth.
North America accounted for the second-largest market share of the global sputter coatings market. The developed end-user industries such as automotive & transportation, electricals & electronics, solar energy sector, among others are significantly contributing to the growth of the product market. Moreover, the strict government regulation relating to the use of low emitting glass is a major boost to the market growth in the region. The US is majorly contributing to the regional market growth.
The European market is expected to show surge in demand for sputter coatings during the forecast period due to the growing encouragement by the government for the use of low emission glass.
The market in the Middle East & Africa and Latin America held the least market shares of the global market and are likely to show slow growth during the forecast period due to the slow economic growth in the regions.
Key Players
Some of the prominent players operating in the global sputter coatings market are JX Nippon Mining & Metals Corporation (Japan), Tosoh SMD, Inc. (US), Hitachi Metals, Ltd. (Japan), Mitsui Mining & Smelting Co., Ltd (Japan), Umicore (Belgium), Hereaus Deutschland Gmbh & Co. Kg. (Germany), Materion Corporation (US), IANGYIN ENTRET COATING TECHNOLOGY CO. LTD (China), Honeywell International Inc (US), and GRIKIN Advanced Materials Co. Ltd (China).Recent DevelopmentJan 2022 SDI Group PLC hardened 5.5% to 211p after it announced the acquisition of a UK manufacturer of physical vapor deposition equipment. The technology products firm paid roughly £4.9mln for Scientific Vacuum Systems (SVS), a market leader in the manufacture of sputter coaters for top brand razor blade coating. SVS is expected to make earnings before interest and tax of £700,000 or so in the year to the end of September 2021 on revenues of about £2.5mln. As a result of continued strong customer demand throughout December, the board now expects that underlying profit prior to tax for the 12 months to 31 January 2022 will be substantially ahead of existing market outlooks.
Intended Audience
- Sputter coatings market manufacturers
- Traders and distributors of sputter coatings
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
