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High Purity Evaporation Materials Market Size - By type (pure metal evaporation material, compound evaporation material, alloy evaporation material), By application (electronic component, optical component) & Region – Forecasts By 2022-2030

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 234
  • CATEGORY
  • Chemicals & Materials
High Purity Evaporation Materials- Description
For high purity, repeatability, cleanliness, and homogeneity in coatings, evaporation materials are employed in thin film precious metal coatings. They can be used for both thermal and e-beam evaporation processes and come in a variety of forms, such as pellets, granules, starting supplies, etc.
Ceramics made from oxide, fluoride, silicide, sulphide, nitride, carbide, boride, selenide, and telluride are some of the main materials used in evaporation. Additionally, alloys, precious metals, and nonprecious metals are employed as evaporation materials. Major end-users of evaporation materials include the electronics, optics, power & energy, packaging, automotive, and aerospace industries.

High Purity Evaporation Materials Market- Overview
The Global High Purity Evaporation Materials Market is expected to grow to a value of more than USD 1.2 billion by 2030, with a growing CAGR (compound annual growth rate) of over 4.5% over 2022-2030.
Market expansion is being fuelled by governments of various nations, like China and India, focusing more on promoting the use of renewable energy. According to estimates, the worldwide evaporation materials market would rise at a faster rate due to the rising demand for evaporation materials from solar panel producers.

Additionally, it is anticipated that over the course of the projection period, increased demand for thin-film solar panels will encourage the market's expansion of evaporation materials. Due to their widespread use in the automotive industry for applying coating layers to vehicles, evaporation materials are predicted to develop at a faster rate than the market for automotive refinish coatings.

High Purity Evaporation Materials Market- Key trends

Increasing need for evaporation material will help the market growth
This market is expanding as a result of the rising need for evaporation materials across a range of industries, including electronics, optical, power, and energy. Due to their features, including high thermal conductivity, low thermal expansion coefficient, and high melting point, evaporation materials are employed in a variety of applications, including electronics, optical, power, and energy. Due to their extensive range of qualities that make them appropriate for many applications across industries like electronics, optical, and the power and energy sectors, metals accounted for the highest share of the worldwide evaporation material market in 2017.

Expanding chemical industry will drive the market expansion
The ability of alloys to withstand temperatures higher than those of metals without losing any of their physical or chemical characteristics makes them suitable for use in a variety of industrial processes, such as metal casting, where they act as a protective coating on molten metal surfaces during cooling. Compounds only made up a small portion of the world's evaporation material market due to their narrow range of applications in the electronics, optical, power, and energy industries, where they are primarily used as catalysts or additives in chemical reactions to create other compounds with desired properties like colour or viscosity.

High Purity Evaporation Materials Market- Segmental assessment

By type
• Pure metal evaporation material
• Compound evaporation material
• Alloy evaporation material
• Others

By application
• Electronic component
• Optical component
• Others

High Purity Evaporation Materials Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.

High Purity Evaporation Materials Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Mi-Net, MSE Supplies, Kojundo Chemical Laboratory, Materion, Angstrom Sciences, Umicore, Nichia, Canon Optron, Plasmaterials, Kurt J. Lesker, EVOCHEM, Heeger Materials, Honeywell, GRIKIN Advanced Materials, Vital Thin Film Material, HF-Kejing, Rearth Technology, Shenzhen Canyuan Metal Materials, PRAM, Changsha Xinkang New Materials, Suzhou lucky Precision Material, RD Mathis, Stanford Advanced Materials, TANAKA GROUP, among others.

Report scope
Global High Purity Evaporation Materials Market: Historical Years- 2018-2021
Global High Purity Evaporation Materials Market: Forecast Years- 2022-2030
Global High Purity Evaporation Materials Market 2030- USD 1.2 billion
Global High Purity Evaporation Materials Market CAGR- 4.5%

Key segments covered-
1) By type (pure metal evaporation material, compound evaporation material, alloy evaporation material, and others).
2) By application (electronic component, optical component, and others).

Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)

Top players profiled- Mi-Net, MSE Supplies, Kojundo Chemical Laboratory, Materion, Angstrom Sciences, Umicore, Nichia, Canon Optron, Plasmaterials, Kurt J. Lesker, EVOCHEM, Heeger Materials, Honeywell, GRIKIN Advanced Materials, Vital Thin Film Material, HF-Kejing, Rearth Technology, Shenzhen Canyuan Metal Materials, PRAM, Changsha Xinkang New Materials, Suzhou lucky Precision Material, RD Mathis, Stanford Advanced Materials, TANAKA GROUP, among others.

1.     Global High Purity Evaporation Materials Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  High Purity Evaporation Materials Market Definition & Description

1.3.  Global High Purity Evaporation Materials Market Scope and Market Estimation

1.3.1.     Global High Purity Evaporation Materials Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global High Purity Evaporation Materials Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Type of Global High Purity Evaporation Materials Market

1.4.2.     Application of Global High Purity Evaporation Materials Market

1.4.3.     Region of Global High Purity Evaporation Materials Market

 

2.     Executive Summary

2.1.  Global High Purity Evaporation Materials Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global High Purity Evaporation Materials Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.     Global High Purity Evaporation Materials Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4.     Global High Purity Evaporation Materials Market Estimates & Forecast Trend Analysis, by Type

4.1.  Global High Purity Evaporation Materials Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

4.1.1.     Pure metal evaporation material

4.1.2.     Compound evaporation material

4.1.3.     Alloy evaporation material

 

5.     Global High Purity Evaporation Materials Market Estimates & Forecast Trend Analysis, by Application

5.1.  Global High Purity Evaporation Materials Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Electronic component

5.1.2.     Optical component

            

6.     Global High Purity Evaporation Materials Market Estimates & Forecast Trend Analysis, by Region

6.1.  Global High Purity Evaporation Materials Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.     North America

6.1.2.     Europe

6.1.3.     Asia Pacific

6.1.4.     Middle East & Africa

6.1.5.     South America

 

7.     North America High Purity Evaporation Materials Market: Estimates & Forecast Trend Analysis

7.1.  North America High Purity Evaporation Materials Market Assessments & Key Findings

7.1.1.     North America High Purity Evaporation Materials Market Introduction

7.1.2.     North America High Purity Evaporation Materials Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By Application

7.1.2.3.  By Country

7.1.2.3.1.   The U.S.

7.1.2.3.2.   Canada

7.1.2.3.3.   Mexico

 

8.     Europe High Purity Evaporation Materials Market: Estimates & Forecast Trend Analysis

8.1.  Europe High Purity Evaporation Materials Market Assessments & Key Findings

8.1.1.     Europe High Purity Evaporation Materials Market Introduction

8.1.2.     Europe High Purity Evaporation Materials Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By Application

8.1.2.3.      By Country

8.1.2.3.1.   Germany

8.1.2.3.2.   U.K.

8.1.2.3.3.   France

8.1.2.3.4.   Italy

8.1.2.3.5.   Spain

8.1.2.3.6.   Russia

8.1.2.3.7.   Rest of Europe

 

9.     Asia Pacific High Purity Evaporation Materials Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific High Purity Evaporation Materials Market Introduction

9.1.2.     Asia Pacific High Purity Evaporation Materials Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.      By Type

9.1.2.2.      By Application

9.1.2.3.      By Country

9.1.2.3.1.   China

9.1.2.3.2.   Japan

9.1.2.3.3.   India

9.1.2.3.4.   Australia

9.1.2.3.5.   South Korea

9.1.2.3.6.   ASEAN

9.1.2.3.7.   Rest of Asia Pacific

 

10.  Middle East & Africa High Purity Evaporation Materials Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa High Purity Evaporation Materials Market Introduction

10.1.2.  Middle East & Africa High Purity Evaporation Materials Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.   By Application

10.1.2.3.   By Country

10.1.2.3.1.              U.A.E.

10.1.2.3.2.              Saudi Arabia

10.1.2.3.3.              Egypt

10.1.2.3.4.              South Africa

10.1.2.3.5.              Rest of Middle East & Africa

 

11.  South America High Purity Evaporation Materials Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America High Purity Evaporation Materials Market Introduction

11.1.2.  South America High Purity Evaporation Materials Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.   By Type

11.1.2.2.   By Application

11.1.2.3.   By Country

11.1.2.3.1.            Brazil

11.1.2.3.2.            Argentina

11.1.2.3.3.            Colombia

11.1.2.3.4.            Rest of South America

 

12.  Competition Landscape

12.1. Global High Purity Evaporation Materials Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global High Purity Evaporation Materials Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.    Mi-Net

13.1.1.     Company Overview & Key Stats

13.1.2.     Financial Performance & KPIs

13.1.3.     Product Portfolio

13.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    MSE Supplies

13.3.    Kojundo Chemical Laboratory

13.4.    Materion

13.5.    Angstrom Sciences

13.6.    Umicore

13.7.    Nichia

13.8.    Canon Optron

13.9.    Plasmaterials

13.10.  Kurt J. Lesker

13.11.  EVOCHEM

13.12.  Heeger Materials

13.13.  Honeywell

13.14.  GRIKIN Advanced Materials

13.15.  Vital Thin Film Material

13.16.  HF-Kejing

13.17.  Rearth Technology

13.18.  Shenzhen Canyuan Metal Materials

13.19.  PRAM

13.20.  Changsha Xinkang New Materials

13.21.  Suzhou lucky Precision Material

13.22.  RD Mathis

13.23.  Stanford Advanced Materials

13.24.  TANAKA GROUP

13.25.  Others**

 

14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs

 

15.  Research Findings & Conclusion

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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