Market Overview:
The global chromium vanadium sputtering target market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for semiconductors and other electronic devices, and rising investments in research and development activities for advanced materials. In terms of purity, the 99% purity segment is expected to hold the largest share of the global chromium vanadium sputtering target market in 2018. However, with advancements in technology, higher purity segments are expected to witness significant growth during the forecast period. Asia Pacific is projected to be the fastest-growing region for chromium vanadium sputtering target market during 2018-2030 owing to rapid industrialization and growing demand from end-use industries such as semiconductor and chemical vapor deposition (CVD).
Product Definition:
A Chromium Vanadium Sputtering Target is a target used in sputter deposition to produce thin films of chromium vanadium. Thin films of chromium vanadium are important in the production of corrosion-resistant and high-strength steel alloys.
Purity 99%:
Purity 99% is a type of rare earth metal target which contains almost the same amount of elements as in standard Purity 99%. The main difference between them is that in case of standard version, some heavy metals are added to balance the composition. In case of purity99%, all metals are removed from the periodic table.
It’s mainly used for manufacturing semiconductors and high-grade steel targets.
Purity 99.5%:
Purity 99.5% is a type of target material that contains very small amount of impurities such as Vanadium (V) and Chromium (Cr). It has high purity level compared to other targets which helps in achieving higher deposition rate with lower power input during sputtering. Purity 99.5% target is used for manufacturing semiconductor devices, thin-film magnetic memory devices, and opto-electronic components like LED drivers etc.
Application Insights:
The demand for the product in semiconductor application accounted for a revenue share of more than 40% in 2017. The rising demand for integrated circuits and other electronic devices is expected to drive the segment growth over the forecast period. Chromium vanadium sputtering targets are used with various types of vacuum equipment, which are widely used in semiconductor industry as they provide high-quality target surface while reducing costs and time involved in manufacturing process.
The chemical vapor deposition (VDC) sector is anticipated to witness significant growth over the forecast period owing to increasing use of VDCs coupled with an increase in production scale of industrial materials such as polymers, ceramics and metals. The physical vapor deposition (SVD) sector also holds considerable market share due to growing use of SVDs coupled with an increase production scale at low cost compared to VDCs or DCS machines.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The region comprises emerging economies, such as China, India, and Japan. Increasing population coupled with rising living standards has led to an increase in consumer electronics demand from these countries. This trend is projected to drive the regional chromium vanadium sputtering target market over the forecast period.
The growing semiconductor industry across Asia Pacific owing to increasing investments in R&D for advanced technologies such as 3D-stacked ICs and nanowires is anticipated to propel product demand across applications within this region. Growing chemical vapor deposition (CVD) industry due to high availability of raw materials like silica along with low cost labor force in countries including India, China, South Korea & Taiwan are expected fuel regional growth over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from the semiconductor and electronics industry for high-quality, low-defect sputtering targets.
- Growing popularity of chromium vanadium alloy coatings in a wide range of industrial applications due to their superior wear and corrosion resistance properties.
- Rising demand for thin film coatings used in optical devices, solar energy systems, and medical implants.
- Technological advancements that have led to the development of new deposition techniques using chromium vanadium alloys targets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Chromium Vanadium Sputtering Target Market Research Report
By Type
Purity 99%, Purity 99.5%, Purity 99.9%, Purity 99.95%, Purity 99.99%, Purity 99.999%
By Application
Semiconductor, Chemical Vapor Deposition, Physical Vapor Deposition, Others
By Companies
American Elements, ALB Materials Inc, Stanford Advanced Materials, Stanford Materials Corporation, Edgetech Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Chromium Vanadium Sputtering Target Market Report Segments:
The global Chromium Vanadium Sputtering Target market is segmented on the basis of:
Types
Purity 99%, Purity 99.5%, Purity 99.9%, Purity 99.95%, Purity 99.99%, Purity 99.999%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor, Chemical Vapor Deposition, Physical Vapor Deposition, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Elements
- ALB Materials Inc
- Stanford Advanced Materials
- Stanford Materials Corporation
- Edgetech Industries
Highlights of The Chromium Vanadium Sputtering Target Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 99%
- Purity 99.5%
- Purity 99.9%
- Purity 99.95%
- Purity 99.99%
- Purity 99.999%
- By Application:
- Semiconductor
- Chemical Vapor Deposition
- Physical Vapor Deposition
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chromium Vanadium Sputtering Target Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chromium Vanadium Sputtering Targets are used in the fabrication of thin film devices and solar cells. They are made from a chromium-vanadium alloy with a vanadium content between 0.1% and 2%.
Some of the major companies in the chromium vanadium sputtering target market are American Elements, ALB Materials Inc, Stanford Advanced Materials, Stanford Materials Corporation, Edgetech Industries.
The chromium vanadium sputtering target market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chromium Vanadium Sputtering Target Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chromium Vanadium Sputtering Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chromium Vanadium Sputtering Target Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chromium Vanadium Sputtering Target Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chromium Vanadium Sputtering Target Market Size & Forecast, 2018-2028
4.5.1 Chromium Vanadium Sputtering Target Market Size and Y-o-Y Growth
4.5.2 Chromium Vanadium Sputtering Target Market Absolute $ Opportunity
Chapter 5 Global Chromium Vanadium Sputtering Target Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chromium Vanadium Sputtering Target Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 99.5%
5.2.3 Purity 99.9%
5.2.4 Purity 99.95%
5.2.5 Purity 99.99%
5.2.6 Purity 99.999%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chromium Vanadium Sputtering Target Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chromium Vanadium Sputtering Target Market Size Forecast by Applications
6.2.1 Semiconductor
6.2.2 Chemical Vapor Deposition
6.2.3 Physical Vapor Deposition
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chromium Vanadium Sputtering Target Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chromium Vanadium Sputtering Target Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chromium Vanadium Sputtering Target Analysis and Forecast
9.1 Introduction
9.2 North America Chromium Vanadium Sputtering Target Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chromium Vanadium Sputtering Target Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 99.5%
9.6.3 Purity 99.9%
9.6.4 Purity 99.95%
9.6.5 Purity 99.99%
9.6.6 Purity 99.999%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chromium Vanadium Sputtering Target Market Size Forecast by Applications
9.10.1 Semiconductor
9.10.2 Chemical Vapor Deposition
9.10.3 Physical Vapor Deposition
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chromium Vanadium Sputtering Target Analysis and Forecast
10.1 Introduction
10.2 Europe Chromium Vanadium Sputtering Target Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chromium Vanadium Sputtering Target Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 99.5%
10.6.3 Purity 99.9%
10.6.4 Purity 99.95%
10.6.5 Purity 99.99%
10.6.6 Purity 99.999%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chromium Vanadium Sputtering Target Market Size Forecast by Applications
10.10.1 Semiconductor
10.10.2 Chemical Vapor Deposition
10.10.3 Physical Vapor Deposition
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chromium Vanadium Sputtering Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chromium Vanadium Sputtering Target Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chromium Vanadium Sputtering Target Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 99.5%
11.6.3 Purity 99.9%
11.6.4 Purity 99.95%
11.6.5 Purity 99.99%
11.6.6 Purity 99.999%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chromium Vanadium Sputtering Target Market Size Forecast by Applications
11.10.1 Semiconductor
11.10.2 Chemical Vapor Deposition
11.10.3 Physical Vapor Deposition
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chromium Vanadium Sputtering Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Chromium Vanadium Sputtering Target Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chromium Vanadium Sputtering Target Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 99.5%
12.6.3 Purity 99.9%
12.6.4 Purity 99.95%
12.6.5 Purity 99.99%
12.6.6 Purity 99.999%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chromium Vanadium Sputtering Target Market Size Forecast by Applications
12.10.1 Semiconductor
12.10.2 Chemical Vapor Deposition
12.10.3 Physical Vapor Deposition
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chromium Vanadium Sputtering Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chromium Vanadium Sputtering Target Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chromium Vanadium Sputtering Target Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 99.5%
13.6.3 Purity 99.9%
13.6.4 Purity 99.95%
13.6.5 Purity 99.99%
13.6.6 Purity 99.999%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chromium Vanadium Sputtering Target Market Size Forecast by Applications
13.10.1 Semiconductor
13.10.2 Chemical Vapor Deposition
13.10.3 Physical Vapor Deposition
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chromium Vanadium Sputtering Target Market: Competitive Dashboard
14.2 Global Chromium Vanadium Sputtering Target Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 ALB Materials Inc
14.3.3 Stanford Advanced Materials
14.3.4 Stanford Materials Corporation
14.3.5 Edgetech Industries
