Views: 4 Author: Site Editor Publish Time: 2017-09-18 Origin: Site
Sputter coating is prominently used in flat panel displays and this is expected to drive the global sputter coatings market owing to a rise in demand across the globe. Growing demand for smartphones, OLED, and LED screens among others in turn is expected to drive the demand for sputter targets over the forecast period.
Along with this, growing demand for semiconductors and microelectronics has also stimulated the sputter targets demand over the forecast period.
Global semiconductor production is forecast to witness a steady growth of around 6% over 2016–2026, which is anticipated to boost the global sputter coatings market. Furthermore, government investment in solar energy projects helps increase the demand for solar panels. Owing to a rise in demand for high efficiency thin film solar panels across the globe, there is an increase in the demand for sputter targets.
Government regulations in developed regions such as North America and Europe pertaining to infrastructure development i.e. zero energy buildings will lead to an increased demand of the low-e glass that will in turn increase the demand for sputter targets. These factors are expected to boost growth of the global sputter coatings market over the forecast period (2016 – 2026).
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