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Pressnews.biz (Press Release) Apr 23, 2015
The demand for high precision coatings, wear-resistant coatings, low friction coatings, corrosion resistant coatings and some decorative coatings in various applications is a key reason for the growth of sputtering target and evaporation materials market.
The above figure depicts the market share of sputtering targets and evaporation material by end user verticals in 2014. Electronics sector holds a major share with 49% in the global ST&EM market, followed by Energy industry and Industrial with 24% and 11%, respectively. All the above mentioned industry sectors are estimated to witness growth in the near future owing to the varied application of ST&EM in different industries globally.
APAC is the leading supplier of ST&EM and has the highest market share in the global ST&EM market revenue. In the APAC, China and Japan are the major countries in terms of top ST&EM manufacturers and suppliers. RoW holds the least share of 7% in the global ST&EM market revenue. With respect to the global market, the APAC and North America hold 72% of the entire ST&EM market share.
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In this report, the market has been segmented by geography as Europe, North America, APAC and RoW. Market size and forecast are provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the ST&EM market and future opportunities are also provided in the report.
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