Planar Molybdenum Target Market (2025-2032): Growth Driven by Semiconductor, Display, and Solar Applications
The Planar Molybdenum Target Market continues to demonstrate substantial growth, with its valuation reaching USD 352 million in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 9.0%, reaching approximately USD 638 million by 2032. This expansion is fueled by increasing applications in semiconductor manufacturing, display panel production, and thin-film photovoltaic cells, particularly in technology-driven economies. Planar molybdenum targets play a critical role in physical vapor deposition (PVD) processes, offering exceptional thermal stability and conductivity that make them indispensable in advanced manufacturing. Their ability to create ultra-thin, high-performance coatings has become increasingly valuable across electronics, renewable energy, and optical applications. As semiconductor geometries continue shrinking and display resolutions increase, manufacturers are investing heavily in high-purity molybdenum targets to meet these ...