COPPER SPUTTERING TARGET MARKET ANALYSIS

Market Size and Trends

Global copper sputtering target market is estimated to be valued at US$ 1.29 billion in 2023, and is expected to reach US$ 2.19 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. Copper sputtering targets are high purity copper materials that are used as a source for depositing thin copper films onto substrates via the sputtering process. The key advantage of copper sputtering target is the ability to deposit uniform, high quality copper coatings onto components for various applications spanning semiconductors, displays, solar cells, and more. Key drivers include rising demand from electronics and automotive industries.

Global copper sputtering target market is segmented into by application, end-use industry and region. By application, the market is segmented into semiconductor, solar energy, flat panel display, architectural glass, and data storage. The semiconductor segment accounted for the largest share in 2022, owing to the widespread use of copper interconnects in chips and semiconductors.