Market Overview:
The global strontium oxide sputtering target market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for semiconductors and other electronic devices, and the growing use of strontium oxide sputtering targets in chemical vapor deposition (CVD) and physical vapor deposition (PVD) processes. Based on type, the global strontium oxide sputtering target market can be segmented into rotatable transformation type and non-rotating type. The rotatable transformation type is expected to account for a larger share of the market than the non-rotating type during the forecast period. This can be attributed to its ability to produce high quality films with low defects on substrates. Based on application, the global strontium oxide sputtering target market can be segmented into semiconductor, chemical vapor deposition (CVD), physical vapor deposition (PVD), and others.
Product Definition:
Sputtering target material made of strontium oxide (SrO). It is used for depositing thin films of strontium oxide.
Rotatable Transformation:
Rotatable transformation is a new technology that has been developed to enable the preparation of large, high aspect ratio targets for sputtering deposition. The technique was first used in the research laboratory of Rensselaer Polytechnic Institute (RPI) and since then has gained widespread popularity among researchers as well as material scientists across various countries.
The key driving factors responsible for the growth of this market include increasing demand for thin-film materials from semiconductor industry.
Non Rotating Type:
Non rotating type is used to produce large volume of high purity strontium oxide. It uses magnetic field and electric current to accelerate the target particles towards the plasma channel. The main components of non rotating type are target, magnetic field, electric current and a sputtering chamber.
The major advantages of using this technology include low operating cost, simple structure design and easy maintenance which leads to increased market demand in semiconductor industry for manufacturing integrated circuits (IC).
Application Insights:
Strontium oxide is used in sputtering equipment for various applications including semiconductor, physical vapor deposition (sputtering crucible), chemical vapor deposition (CVD), and others. Semiconductor was the largest application segment with a market share of over 80% in 2017. The growth can be attributed to increasing use of strontium oxide for manufacturing semiconductors on account of its superior properties such as high surface area, low melting point, and high density.
The demand from CVD application segment is expected to witness the fastest growth at a CAGR of XX% from 2018 to 2030 owing to rising demand for metals with superior properties such as strength and corrosion resistance which are required in industrial gas turbines along with other applications such as metal plating or coating where it is used without any modification i.e., without undergoing any treatment or process alteration before using it in an intended purpose e.g.
Regional Analysis:
Asia Pacific region dominated the global market in 2017. The growth is attributed to increasing demand for electronic products such as smartphones and laptops along with rising industrialization. Increasing investments by regional players in China, India, Japan and South Korea are expected to boost the industry growth over the forecast period.
The growing semiconductor industry coupled with advancements in technology is anticipated to drive product demand across North America region during the forecast period. In addition, presence of major manufacturers including General Electric; Pratt & Whitney Canada; Rolls-Royce Corporation; Goodrich Corp.; Honeywell International Inc.; United Technologies Aircraft Systems Inc.; and Allis-Chalmers LLC is likely to support market growth over next eight years.
Europe was estimated as second largest regional segment followed by Asia Pacific on account of high consumption volume realized from rotatable transformation sputtering target application segmented into electronics manufacturing sector mainly found across Asian countries such as China, Taiwan Province of China (TPCC), India (Chennai).
Growth Factors:
- Increasing demand from the electronics and semiconductor industry for strontium oxide sputtering targets due to its properties such as high electrical conductivity, low thermal expansion coefficient and good optical transmission.
- Growing demand for transparent conducting films in displays, solar cells and other optoelectronic devices.
- Rising popularity of thin film coatings for corrosion protection, wear resistance and decorative applications.
- Increasing use of strontium oxide in medical implants and other biomedical applications due to its biocompatibility properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Strontium Oxide Sputtering Target Market Research Report
By Type
Rotatable Transformation, Non Rotating Type
By Application
Semiconductor, Chemical Vapor Deposition, Physical Vapor Deposition, Others
By Companies
American Elements, Stanford Advanced Materials, Advanced Engineering Materials, Maideli Advanced Material
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Strontium Oxide Sputtering Target Market Report Segments:
The global Strontium Oxide Sputtering Target market is segmented on the basis of:
Types
Rotatable Transformation, Non Rotating Type
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
- Stanford Advanced Materials
- Advanced Engineering Materials
- Maideli Advanced Material
Highlights of The Strontium Oxide 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:
- Rotatable Transformation
- Non Rotating Type
- 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 Strontium Oxide 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- 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?
A strontium oxide sputtering target is a type of target used in the fabrication of semiconductor devices. It is made from a mixture of strontium and oxygen atoms, and it is used to deposit thin films of metal on substrates.
Some of the key players operating in the strontium oxide sputtering target market are American Elements, Stanford Advanced Materials, Advanced Engineering Materials, Maideli Advanced Material.
The strontium oxide 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 Strontium Oxide 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 Strontium Oxide Sputtering Target Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strontium Oxide 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 Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size & Forecast, 2018-2028
4.5.1 Strontium Oxide Sputtering Target Market Size and Y-o-Y Growth
4.5.2 Strontium Oxide Sputtering Target Market Absolute $ Opportunity
Chapter 5 Global Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size Forecast by Type
5.2.1 Rotatable Transformation
5.2.2 Non Rotating Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Strontium Oxide 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 Strontium Oxide 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 Strontium Oxide 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 Strontium Oxide 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 Strontium Oxide Sputtering Target Analysis and Forecast
9.1 Introduction
9.2 North America Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size Forecast by Type
9.6.1 Rotatable Transformation
9.6.2 Non Rotating Type
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 Strontium Oxide 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 Strontium Oxide Sputtering Target Analysis and Forecast
10.1 Introduction
10.2 Europe Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size Forecast by Type
10.6.1 Rotatable Transformation
10.6.2 Non Rotating Type
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 Strontium Oxide 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 Strontium Oxide Sputtering Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size Forecast by Type
11.6.1 Rotatable Transformation
11.6.2 Non Rotating Type
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 Strontium Oxide 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 Strontium Oxide Sputtering Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Strontium Oxide 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 Strontium Oxide Sputtering Target Market Size Forecast by Type
12.6.1 Rotatable Transformation
12.6.2 Non Rotating Type
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 Strontium Oxide 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) Strontium Oxide Sputtering Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Strontium Oxide 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) Strontium Oxide Sputtering Target Market Size Forecast by Type
13.6.1 Rotatable Transformation
13.6.2 Non Rotating Type
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) Strontium Oxide 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 Strontium Oxide Sputtering Target Market: Competitive Dashboard
14.2 Global Strontium Oxide Sputtering Target Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Elements
14.3.2 Stanford Advanced Materials
14.3.3 Advanced Engineering Materials
14.3.4 Maideli Advanced Material
