February 9, 2025
Copper Sputtering Targets Market

Copper Sputtering Targets Market Propelled By Increasing Implementation of Copper Material in Semiconductor Manufacturing

Copper sputtering targets are widely used to deposit thin films of copper in semiconductor fabrication processes such as integrated circuits, printed circuit boards, hard disk drives, and optoelectronics. Copper has emerged as a key material for integrated circuit metallization owing to its low resistivity and high electromigration resistance. Copper sputtering targets are composed of high-purity copper or copper alloy and are used for the physical vapor deposition process of sputter deposition where a high energy particle ejects atom from a “solid” target material which then deposit onto the surface of a wafer. The increasing complexity of semiconductor chip designs and integration of more advanced packaging technologies have fueled the adoption of copper in the semiconductor manufacturing industry.

The global Copper Sputtering Target Market is estimated to be valued at US$ 1.29 Billion in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends driving the growth of the copper sputtering target market is the increasing miniaturization of electronic devices. The ever-increasing demand for high-performance computing power has led semiconductor manufacturers to shrink device geometries and increase chip density and complexity which requires thinner copper film deposition. Copper sputtering targets play a crucial role in the physical vapor deposition process and help achieve the required thickness uniformity and quality of thin copper films for advanced semiconductor technology nodes of 7 nm and below. Moreover, roll-to-roll (R2R) sputtering technology that enables high-volume and cost-effective production of flexible electronics such as displays, touch panels, and printed circuits is also augmenting the demand for customized copper sputtering targets.

Porter’s Analysis:

Threat of new entrants: The copper sputtering target market requires high initial capital investments for manufacturing equipment and supplies which poses a barrier for new companies.
Bargaining power of buyers: Large manufacturing companies have higher bargaining power due to bulk purchase volumes.
Bargaining power of suppliers: The existence of a few large suppliers for raw materials like copper allows them to influence prices.
Threat of new substitutes: Alternatives like PVD coating provide competition but cannot completely replace sputter deposition in applications requiring specific material properties.
Competitive rivalry: Major players compete based on product quality, reliability of supplies and technical support.

Key Takeaways

The Global Copper Sputtering Target Market Size is expected to witness high growth.

Regional analysis: The Asia Pacific region currently dominates the market owing to extensive manufacturing of electronics and presence of key semiconductor fabricators. Rapid urbanization and growing electronics consumption in China and India will further spur the regional demand.

Key players: Key players operating in the copper sputtering target market are JX Nippon Mining, Mitsui Mining & Smelting Co. Ltd., Ultimo Technology Co. Ltd., ULVAC Technologies, Inc., KFMI Corporation, Plasmaterials Inc., Tosoh SMD Inc., Kurt J Lesker Company, Testbourne Ltd, Praxair S.T Technology, Inc. JX Nippon Mining and Mitsui Mining hold a major share of the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Ravina
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Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

Ravina Pandya

Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.

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