Sputter Coatings Market Analysis 2018 – 2023 | Growth Manufacturers - JX Nippon Mining & Metals Corporation, Tosoh SMD, Hitachi Metals, Mitsui Mining & Smelting, Hereaus Deutschland Gmbh, IANGYIN ENTRET COATING TECHNOLOGY and GRIKIN Advanced Materials

Synopsis of Sputter Coatings Market

Sputtering is a technology extensively used in the process of electronic manufacturing where a coating of thickness in the range of 3-5 micrometers is used. The material which is to be coated is termed as sputter target, which exists in a rotatory or in a planar form. Sputter coating is applied by the sputter deposition process by covering the substrate with a layer of conducting material, especially metals such as gold and palladium alloys. Sputter Coatings generate a transparent conductive oxide also known as TCO film on the material, which is extensively used in solar panels, flat display panels, and semiconductors among others. These coatings can be applied to various substrates such as insulators (glass, plastic), metals & dielectric, and semiconductors among others. Electrical and electronics, architecture, electrical & electronics, and energy are some of the major industries that use sputter coatings. The demand from the end use industries is driving the growth of the Global Sputter Coatings Market.

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The growing development of the electronics sector in the developing regions across the globe is expected to boost the market during the forecast years. The global sputter coatings market is anticipated to show a substantial growth during the forecast period. The growing penetration of smartphones and increasing demand for display devices are expected to drive the market growth. In the end user industry, electrical and electronics is expected to be the largest segment and is anticipated to exhibit the highest CAGR. The growing application of smartphones, LED, OLED semiconductors, and others is expected to contribute to the growth of the market significantly.

Segmental Analysis

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 the 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, tri-bological coatings, and others.

Regional Analysis

The Sputter Coatings Market is segmented across five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific holds the major share in 2016 and is expected to lead the market with a considerable CAGR during the forecast period. The rapid growth of industries and urbanization is fuelling the growth of sputter coatings in the developing countries of Asia Pacific. Moreover, the tax benefit and incentive reforms in the region has attracted many industry players to enter the developing market of Asia Pacific, which, in turn, is fuelling the market growth. Furthermore, the growing development in the electrical and electronic industry mainly in China and Japan is further propelling the market demand for sputter coatings. According to the Statistica, the Chinese electronic and telecommunication market is growing at a burgeoning pace, and the total revenue in 2016 was over 8730 billion Yuan.

North America is another dominant region in the Sputter Coatings Market. The developed end-user industries such as transportation and electronics among others are significantly driving the market growth. 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 major countries attributing to this growth are the U.S. and Canada. The Europe is the second largest market due to the developed electrical & electronics, and automobile sector. Moreover, the growing encouragement by the government for the use of low emission glass is further expected to surge the market growth.

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