Market Overview:
The global thorium oxide 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 thin films and coatings in various end-use applications. In terms of purity, the market is segmented into 99% and 99.9% purity segments. The 99% purity segment is expected to dominate the global thorium oxide sputtering target market during the forecast period owing to its low cost and high availability as compared to other purities. Based on application, the chemical vapor deposition (CVD) segment is estimated to account for a major share of the global thorium oxide sputtering target market in 2018 owing to its growing demand from various end-use industries such as semiconductor, medical devices, and others.
Product Definition:
Thorium oxide sputtering target is used in the fabrication of thin film coatings. Thorium oxide is a high-quality dielectric material with a wide bandgap and good stability. It has been used in various applications, including optical coatings, capacitor films, and integrated circuits.
Purity 99%:
It's different from other types in terms of appearance and properties. Purity 99% consists of very small amount (less than 1%) impurities such as calcium, magnesium, aluminum and titanium. These impurities are removed during purification process to get rid off any unwanted substances.
Purity 99.9%:
Purity 99.9% is a type of rare earth metal oxides which are used as targets for sputtering devices. The target material has the ability to absorb energy from the sputtering device and convert it into heat, which can be easily removed by the gas flow.
Application Insights:
Chemical vapor deposition (CVD) dominated the global thorium oxide sputtering target market in terms of revenue share in 2017. The segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to the rising demand for high-quality and complex thin films for use in various applications, such as electronic devices and solar panels.
Physical vapor deposition (sputtering) is projected to witness significant growth over the forecast period due to its increasing application across diverse end-use industries, including semiconductor manufacturing, energy storage devices, optoelectronics and medical equipment production. Other applications include coating materials used in printed electronics and flexible displays on account of their superior properties that include low friction coefficient along with high hardness & density compared with conventional steel alloys currently used as coating materials on printed electronics substrates.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing sputtering target demand from various end-use industries, such as electronics, medical, coating and others. China is estimated to remain a key consumer in this region owing to high product consumption for chemical vapor deposition (CVD) applications.
The growing semiconductor industry coupled with rising investments by foreign players in India's IT sector are anticipated to drive the demand for electronic products which will further propel Thorium Oxide Sputtering Target Market growth over the projected period.
Growth Factors:
- Increasing demand from the semiconductor and electronics industry for advanced materials and coatings.
- Growing popularity of sputtered thin films as a coating technology in various end-use applications.
- Rising demand for transparent conductive coatings in displays, touch screens, and solar cells.
- Increasing use of thorium oxide sputtering targets in medical implants and other biomedical applications.
- Technological advancements that are increasing the efficiency and performance of sputter deposition systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Thorium Oxide Sputtering Target Market Research Report
By Type
Purity 99%, Purity 99.9%
By Application
Chemical Vapor Deposition, Physical Vapor Deposition, Others
By Companies
American Elements, Stanford Advanced Materials
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Thorium Oxide Sputtering Target Market Report Segments:
The global Thorium Oxide Sputtering Target market is segmented on the basis of:
Types
Purity 99%, Purity 99.9%
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
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
Highlights of The Thorium 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:
- Purity 99%
- Purity 99.9%
- By Application:
- 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 Thorium 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Thorium oxide sputtering targets are used for the deposition of thin films and coatings. They are made from a mixture of thorium dioxide and aluminum oxide. Thorium dioxide is a very rare earth element, so it can be used to create targets that produce high-quality films with few defects.
Some of the major players in the thorium oxide sputtering target market are American Elements, Stanford Advanced Materials.
The thorium 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 Thorium 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 Thorium Oxide Sputtering Target Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thorium 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 Thorium 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 Thorium Oxide Sputtering Target Market Size & Forecast, 2018-2028 4.5.1 Thorium Oxide Sputtering Target Market Size and Y-o-Y Growth 4.5.2 Thorium Oxide Sputtering Target Market Absolute $ Opportunity
Chapter 5 Global Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Type
5.2.1 Purity 99%
5.2.2 Purity 99.9%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Applications
6.2.1 Chemical Vapor Deposition
6.2.2 Physical Vapor Deposition
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thorium 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 Thorium 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 Thorium Oxide Sputtering Target Analysis and Forecast
9.1 Introduction
9.2 North America Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Type
9.6.1 Purity 99%
9.6.2 Purity 99.9%
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 Thorium Oxide Sputtering Target Market Size Forecast by Applications
9.10.1 Chemical Vapor Deposition
9.10.2 Physical Vapor Deposition
9.10.3 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 Thorium Oxide Sputtering Target Analysis and Forecast
10.1 Introduction
10.2 Europe Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Type
10.6.1 Purity 99%
10.6.2 Purity 99.9%
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 Thorium Oxide Sputtering Target Market Size Forecast by Applications
10.10.1 Chemical Vapor Deposition
10.10.2 Physical Vapor Deposition
10.10.3 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 Thorium Oxide Sputtering Target Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Type
11.6.1 Purity 99%
11.6.2 Purity 99.9%
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 Thorium Oxide Sputtering Target Market Size Forecast by Applications
11.10.1 Chemical Vapor Deposition
11.10.2 Physical Vapor Deposition
11.10.3 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 Thorium Oxide Sputtering Target Analysis and Forecast
12.1 Introduction
12.2 Latin America Thorium 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 Thorium Oxide Sputtering Target Market Size Forecast by Type
12.6.1 Purity 99%
12.6.2 Purity 99.9%
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 Thorium Oxide Sputtering Target Market Size Forecast by Applications
12.10.1 Chemical Vapor Deposition
12.10.2 Physical Vapor Deposition
12.10.3 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) Thorium Oxide Sputtering Target Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thorium 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) Thorium Oxide Sputtering Target Market Size Forecast by Type
13.6.1 Purity 99%
13.6.2 Purity 99.9%
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) Thorium Oxide Sputtering Target Market Size Forecast by Applications
13.10.1 Chemical Vapor Deposition
13.10.2 Physical Vapor Deposition
13.10.3 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 Thorium Oxide Sputtering Target Market: Competitive Dashboard
14.2 Global Thorium 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