TECHCET — the electronic materials advisory firm providing semiconductor materials supply chain information — projects semiconductor sputtering target revenues to grow near 9% in 2025, reaching $1.45 billion. This increase is driven by improving semiconductor demand and rising metal prices. For the first time, the market for non-precious metal targets is expected to surpass $1 billion in 2026, with significant contributions from metals like copper and tungsten. Overall, the sputtering target market is set to experience a 5-year CAGR of 7% through 2029, as noted in TECHCET’s Critical Materials Report™ on Sputtering Targets.
In 2024, sputtering target revenues showed modest growth falling short of more favorable expectations, aided principally by stronger segment demand for semiconductor devices, particularly related to AI including high-performance compute and high-bandwidth memory, among others and strengthening metal prices. Those prospects were challenged as global economic growth remained subdued, and trade tensions, particularly between the U.S. and China, created market volatility. In the face of these evolving challenges, manufacturers are increasingly diversifying supply chains to mitigate these risks and reduce reliance on China for critical materials.
Looking ahead, sputtering target revenues are expected to continue growing, even with a brief market correction projected in 2028. While metal prices will remain volatile, demand from emerging technologies such as AI and the ongoing importance of PVD in semiconductor production will help stabilize and drive long-term growth in the sector.
For more details on Sputtering Targets, attend the CMC Conference in Austin, April 9-10, especially the NotSoUsual Round Table Session: https://techcet.com/event/2025-cmc-conference/, or go to: https://techcet.com/product/sputter-targets/ for more details on the Semiconductor Sputtering Targets market segments and growth trajectory, including profiles on AUECC, Avantor, BASF, Chemtrade, and more.