Chan Ye Xin Xi Wang·2025-12-20 03:31Industry Overview - The copper target industry is crucial for the vacuum coating process, primarily used in semiconductor manufacturing, flat panel displays, and solar photovoltaic applications [1][4] - The market size of China's copper target industry is projected to grow from 1.207 billion yuan in 2019 to 2.515 billion yuan in 2024, with a compound annual growth rate (CAGR) of 15.81% [1][13] - The demand for high-performance targets is increasing due to advancements in semiconductor technology and the expansion of market scale [1][12] Market Dynamics - The semiconductor industry is a key application area for copper targets, with the market size expected to grow from 2,638.573 billion yuan in 2015 to 4,734.473 billion yuan in 2024, reflecting a CAGR of 6.71% [12] - The domestic sputtering target market reached 39.5 billion yuan in 2022, with a year-on-year growth of 6.76%, and is projected to further increase to 46.7 billion yuan in 2024, growing by 8.35% [12][13] Production Methods - Copper target production methods include melting and casting, powder metallurgy, and deposition techniques, each with specific processes to ensure high purity and quality [6][8] - The purity of copper targets is critical, with requirements for ultra-high purity levels (6N or higher) to meet the demands of advanced semiconductor processes [14][16] Industry Policies - The Chinese government has implemented policies to promote technological innovation and ensure the security of the copper target industry, including the "Standard Enhancement Action Plan" for key strategic materials [9][10] - Specific performance requirements for high-purity copper targets have been established, including purity levels, density, and impurity content [9] Competitive Landscape - The copper target industry in China features a mix of foreign and domestic companies, with foreign firms like JX Nippon Mining & Metals and Honeywell leading in high-end markets [14] - Domestic companies such as Jiangfeng Electronics and Aishi Innovation are rapidly advancing through technology investments and capacity expansion, aiming to increase their market share [14][15] Future Trends - The industry is moving towards higher purity and composite functionality in copper targets to meet stringent requirements for semiconductor applications [18] - There is a growing demand for larger and more complex target shapes to accommodate advancements in semiconductor and display technologies [17] - Sustainable manufacturing practices and recycling systems are becoming essential, focusing on reducing energy consumption and enhancing material recovery [18]