Global Tantalum Sputtering Target Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025

As per the report published by Fior Markets, the global tantalum sputtering target market is expected to grow from USD XX.XX Million in 2017 to USD XX.XX Million by 2025, at a CAGR of X.XX% during the forecast period from 2018-2025. Asia Pacific region led the global demand for the tantalum sputtering target with a 39.58% share of market revenue in 2017.

"Tantalum Sputtering Target Market by Type (Low Purity, High Purity, Ultra High Purity), Application, Regions",and Global Forecast 2018-2025.

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Major players in the global tantalum sputtering targetmarket areJx Nippon, Tosoh, Honeywell Electronic Materials, Kfmi, Praxair, Cxmet, Plansee, Ulval, Kjlc, China New Metal Materials, Advanced Metallurgical Group, Cabot Corporation, Alliance Mineral Assets Limited, China Minmetals Corporation, and Tantalex Resources Corp, Stanford Advanced Materials, Kurt J. Lesker Company, H.C. Starck, among others.Most of global tantalum sources are located in the conflict zones such as DR Congo. In order to regularize the sourcing of mineral, European parliament voted on a regulation in 2017. The regulation asks European companies to take responsibility in regards to sourcing of the mineral from high-conflict zones like DRCongo.

The type segment is divided into low purity tantalum sputtering targets, high purity tantalum sputtering targets and ultra-high purity tantalum sputtering targets. Due to its widespread utilization for the coating for solar energy cells, integrated circuits and semiconductor in the electronics industry, the ultra-high purity tantalum sputtering target emerged as the global leader in the tantalum sputtering target market with a 42.81% share of market revenue in 2017.Application is segmented into semiconductors, solar cells, LCD displays, others. Factors such as quality of tantalum sputtering to form a very thin coating on the surface of semiconductors for providing the protection against the corrosion, chemicals and high temperatures, and its use in the electronics manufacturing industry, the semiconductors application segment is projected to grow at the highest CAGR of X.XX% over the forecast period.

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Even though the factors such as rising demand for the LCD displays as well as growth of the electronic devices manufacturing industry are driving the global tantalum sputtering target market, the Volatility in the price of tantalum as well as restrictions on its mining are expected to hold back the growth of the market over the forecast period.

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