Market Overview:
The global cobalt tungsten 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, rising investments in research and development activities for advanced materials, and growing applications of sputtering technology in various industries. Based on purity, the global cobalt tungsten sputtering target market can be segmented into 99%, 99.9%, 99.99%, and 99.999% purity segments. The highest growth is expected to be witnessed in the 99% purity segment during the forecast period from 2018 to 2030 owing to its widespread use across various applications such as semiconductor, chemical vapor deposition (CVD), physical vapor deposition (PVD), and others.
Product Definition:
A sputtering target is a material that is used to produce thin films by physical vapor deposition (PVD). Sputtering targets are available in a wide variety of materials, including metals, alloys, and ceramics. Cobalt tungsten sputtering target is a type of sputtering target made from cobalt and tungsten. It has a high resistance to wear and tear, making it ideal for applications where durability is important.
Purity 99%:
Purity 99% is a new term in the cobalt tungsten sputtering target market. It means that the material used for producing targets must have no impurities or else it will damage the device to which it is attached. The purity of materials can be tested by XRF (X-ray Fluorescence) analysis, which helps in identifying elements such as tin, bismuth, antimony and lead among others.
Purity 99.9%:
Purity 99.9% is a type of tungsten that has been processed to remove any trace of iron and other metals. It has high cobalt content, which makes it suitable for use in the production of targets used in the deposition process for thin films such as CoWO3 on glass or silicon wafers.
Application Insights:
Semiconductor was the dominant application segment in terms of demand and accounted for a revenue share of over 40.0% in 2017. The growth is attributed to the growing usage of semiconductors which include gallium nitride, aluminum phosphate, silicon carbide, and silicon germanium among others. These are used as an essential component in various electronic products such as integrated circuits, power devices and driver chips among others.
The chemical vapor deposition (sputtering) market is expected to grow at a significant rate during the forecast period owing to its rising use for applications such as thin-film coatings on glass substrates used in LCD backlights or liquid crystal displays (LCDs). Growing demand from major end-use industries including optoelectronics & display technologies along with medical equipment & instruments will further propel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global cobalt tungsten sputtering target market in terms of revenue with a share of over 40.0% in 2017. This is attributed to growing demand for electronic products such as smartphones and laptops, which has led to an increase in the number of electronics manufacturing units across the region. The presence of key manufacturers such as Wuxi Sunlite Solar Energy Science & Technology Co., Ltd., SEGWAY INCORPORATED, and others is expected to drive regional growth over the forecast period.
The Asia Pacific was followed by North America with a share of nearly 20.0% in terms of volume owing to high consumption levels for semiconductor device fabrication coupled with rising R&D expenditure on semiconductors across U.S.-based companies including Intel Corporation; Texas Instruments Inc.
Growth Factors:
- Increasing demand from the electronics and semiconductor industry for advanced materials that offer improved performance.
- Growing popularity of flat-panel displays and other electronic devices that require thin-film coatings for enhanced optical properties.
- Proliferation of nanotechnology and the need for ultra-thin films to fabricate nanostructures.
- Increased research and development spending by governments and private companies to develop new applications for sputtered coatings in a wide range of industries.
- Technological advances that improve the efficiency and throughput of sputtering systems, making them more cost effective for high volume production
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt Tungsten Sputtering Target Market Research Report
By Type
Purity 99%, Purity 99.9%, 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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt Tungsten Sputtering Target Market Report Segments:
The global Cobalt Tungsten Sputtering Target market is segmented on the basis of:
Types
Purity 99%, Purity 99.9%, 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 Cobalt Tungsten 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 99.9%
- 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 Cobalt Tungsten 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.
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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?
A cobalt tungsten sputtering target is a type of target used in vacuum deposition processes to deposit thin films. The target consists of a layer of cobalt-tungsten alloy on top of a substrate. When the substrate is exposed to high-energy electrons and ions, the alloy reacts with the atoms in the substrate to form new materials. This process creates patterns on the surface of the target that can be used as guides for subsequent deposition processes
Some of the major companies in the cobalt tungsten sputtering target market are American Elements, ALB Materials Inc, Stanford Advanced Materials, Stanford Materials Corporation, Edgetech Industries.
The cobalt tungsten sputtering target market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cobalt Tungsten 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 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size & Forecast, 2018-2028 4.5.1 Cobalt Tungsten Sputtering Target Market Size and Y-o-Y Growth 4.5.2 Cobalt Tungsten Sputtering Target Market Absolute $ Opportunity
Chapter 5 Global Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 99.9%
5.2.3 Purity 99.99%
5.2.4 Purity 99.999%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cobalt Tungsten 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 Cobalt Tungsten 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 Cobalt Tungsten 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 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Analysis and Forecast
9.1 Introduction
9.2 North America Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 99.9%
9.6.3 Purity 99.99%
9.6.4 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 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Analysis and Forecast
10.1 Introduction
10.2 Europe Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 99.9%
10.6.3 Purity 99.99%
10.6.4 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 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 99.9%
11.6.3 Purity 99.99%
11.6.4 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 Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 99.9%
12.6.3 Purity 99.99%
12.6.4 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 Cobalt Tungsten 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) Cobalt Tungsten Sputtering Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cobalt Tungsten 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) Cobalt Tungsten Sputtering Target Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 99.9%
13.6.3 Purity 99.99%
13.6.4 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) Cobalt Tungsten 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 Cobalt Tungsten Sputtering Target Market: Competitive Dashboard
14.2 Global Cobalt Tungsten 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