CoFeB Sputtering Target Market Report – Research, Industry Analysis Reports and Market Demands

Global CoFeB Sputtering Target Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Composition Ratio
- 1.3.1 Overview: Global CoFeB Sputtering Target Consumption Value by Composition Ratio: 2021 Versus 2025 Versus 2032
- 1.3.2 Standard Stoichiometric CoFeB Target
- 1.3.3 Co-rich CoFeB Target
- 1.3.4 Fe-rich CoFeB Target
- 1.3.5 Low-Boron CoFeB Target
- 1.3.6 High-Boron CoFeB Target
1.4 Market Analysis by Manufacturing Process
- 1.4.1 Overview: Global CoFeB Sputtering Target Consumption Value by Manufacturing Process: 2021 Versus 2025 Versus 2032
- 1.4.2 Vacuum Melted CoFeB Target
- 1.4.3 Powder Metallurgy CoFeB Target
- 1.4.4 Hot Isostatic Pressed (HIP) Target
- 1.4.5 Cold Pressed & Sintered Target
1.5 Market Analysis by Purity Level
- 1.5.1 Overview: Global CoFeB Sputtering Target Consumption Value by Purity Level: 2021 Versus 2025 Versus 2032
- 1.5.2 Standard Purity (≥99.5%)
- 1.5.3 High Purity (≥99.9%)
- 1.5.4 Ultra-High Purity (≥99.99%)
1.6 Market Analysis by Application
- 1.6.1 Overview: Global CoFeB Sputtering Target Consumption Value by Application: 2021 Versus 2025 Versus 2032
- 1.6.2 Semiconductor & Electronics
- 1.6.3 Research & Development
- 1.6.4 Others
1.7 Global CoFeB Sputtering Target Market Size & Forecast
- 1.7.1 Global CoFeB Sputtering Target Consumption Value (2021 & 2025 & 2032)
- 1.7.2 Global CoFeB Sputtering Target Sales Quantity (2021-2032)
- 1.7.3 Global CoFeB Sputtering Target Average Price (2021-2032)

2 Manufacturers Profiles

3 Competitive Environment: CoFeB Sputtering Target by Manufacturer

3.1 Global CoFeB Sputtering Target Sales Quantity by Manufacturer (2021-2026)
3.2 Global CoFeB Sputtering Target Revenue by Manufacturer (2021-2026)
3.3 Global CoFeB Sputtering Target Average Price by Manufacturer (2021-2026)
3.4 Market Share Analysis (2025)
- 3.4.1 Producer Shipments of CoFeB Sputtering Target by Manufacturer Revenue ($MM) and Market Share (%): 2025
- 3.4.2 Top 3 CoFeB Sputtering Target Manufacturer Market Share in 2025
- 3.4.3 Top 6 CoFeB Sputtering Target Manufacturer Market Share in 2025
3.5 CoFeB Sputtering Target Market: Overall Company Footprint Analysis
- 3.5.1 CoFeB Sputtering Target Market: Region Footprint
- 3.5.2 CoFeB Sputtering Target Market: Company Product Type Footprint
- 3.5.3 CoFeB Sputtering Target Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global CoFeB Sputtering Target Market Size by Region
- 4.1.1 Global CoFeB Sputtering Target Sales Quantity by Region (2021-2032)
- 4.1.2 Global CoFeB Sputtering Target Consumption Value by Region (2021-2032)
- 4.1.3 Global CoFeB Sputtering Target Average Price by Region (2021-2032)
4.2 North America CoFeB Sputtering Target Consumption Value (2021-2032)
4.3 Europe CoFeB Sputtering Target Consumption Value (2021-2032)
4.4 Asia-Pacific CoFeB Sputtering Target Consumption Value (2021-2032)
4.5 South America CoFeB Sputtering Target Consumption Value (2021-2032)
4.6 Middle East & Africa CoFeB Sputtering Target Consumption Value (2021-2032)

5 Market Segment by Composition Ratio

5.1 Global CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
5.2 Global CoFeB Sputtering Target Consumption Value by Composition Ratio (2021-2032)
5.3 Global CoFeB Sputtering Target Average Price by Composition Ratio (2021-2032)

6 Market Segment by Application

6.1 Global CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
6.2 Global CoFeB Sputtering Target Consumption Value by Application (2021-2032)
6.3 Global CoFeB Sputtering Target Average Price by Application (2021-2032)

7 North America

7.1 North America CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
7.2 North America CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
7.3 North America CoFeB Sputtering Target Market Size by Country
- 7.3.1 North America CoFeB Sputtering Target Sales Quantity by Country (2021-2032)
- 7.3.2 North America CoFeB Sputtering Target Consumption Value by Country (2021-2032)
- 7.3.3 United States Market Size and Forecast (2021-2032)
- 7.3.4 Canada Market Size and Forecast (2021-2032)
- 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

8.1 Europe CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
8.2 Europe CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
8.3 Europe CoFeB Sputtering Target Market Size by Country
- 8.3.1 Europe CoFeB Sputtering Target Sales Quantity by Country (2021-2032)
- 8.3.2 Europe CoFeB Sputtering Target Consumption Value by Country (2021-2032)
- 8.3.3 Germany Market Size and Forecast (2021-2032)
- 8.3.4 France Market Size and Forecast (2021-2032)
- 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
- 8.3.6 Russia Market Size and Forecast (2021-2032)
- 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

9.1 Asia-Pacific CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
9.2 Asia-Pacific CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
9.3 Asia-Pacific CoFeB Sputtering Target Market Size by Region
- 9.3.1 Asia-Pacific CoFeB Sputtering Target Sales Quantity by Region (2021-2032)
- 9.3.2 Asia-Pacific CoFeB Sputtering Target Consumption Value by Region (2021-2032)
- 9.3.3 China Market Size and Forecast (2021-2032)
- 9.3.4 Japan Market Size and Forecast (2021-2032)
- 9.3.5 South Korea Market Size and Forecast (2021-2032)
- 9.3.6 India Market Size and Forecast (2021-2032)
- 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
- 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

10.1 South America CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
10.2 South America CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
10.3 South America CoFeB Sputtering Target Market Size by Country
- 10.3.1 South America CoFeB Sputtering Target Sales Quantity by Country (2021-2032)
- 10.3.2 South America CoFeB Sputtering Target Consumption Value by Country (2021-2032)
- 10.3.3 Brazil Market Size and Forecast (2021-2032)
- 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

11.1 Middle East & Africa CoFeB Sputtering Target Sales Quantity by Composition Ratio (2021-2032)
11.2 Middle East & Africa CoFeB Sputtering Target Sales Quantity by Application (2021-2032)
11.3 Middle East & Africa CoFeB Sputtering Target Market Size by Country
- 11.3.1 Middle East & Africa CoFeB Sputtering Target Sales Quantity by Country (2021-2032)
- 11.3.2 Middle East & Africa CoFeB Sputtering Target Consumption Value by Country (2021-2032)
- 11.3.3 Turkey Market Size and Forecast (2021-2032)
- 11.3.4 Egypt Market Size and Forecast (2021-2032)
- 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
- 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

12.1 CoFeB Sputtering Target Market Drivers
12.2 CoFeB Sputtering Target Market Restraints
12.3 CoFeB Sputtering Target Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of CoFeB Sputtering Target and Key Manufacturers
13.2 Manufacturing Costs Percentage of CoFeB Sputtering Target
13.3 CoFeB Sputtering Target Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 CoFeB Sputtering Target Typical Distributors
14.3 CoFeB Sputtering Target Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global CoFeB Sputtering Target market size was valued at US$ 1009 million in 2025 and is forecast to a readjusted size of US$ 1870 million by 2032 with a CAGR of 9.2% during review period.
A CoFeB sputtering target is a functional thin-film deposition material composed of cobalt (Co), iron (Fe), and boron (B). It is used in physical vapor deposition (PVD), particularly magnetron sputtering processes, to deposit CoFeB thin films onto substrates. These films exhibit excellent magnetic properties such as high spin polarization, low coercivity, and strong perpendicular magnetic anisotropy, making them essential in advanced spintronic devices including magnetic tunnel junctions (MTJs), MRAM, and magnetic sensors.In 2025, global CoFeB sputtering target production reached approximately 136 MT, with an average global market price of around US$ 7200 per kg. Annual production capacity is 154 MT. Gross Profit Margin: 38%.The CoFeB sputtering target industry chain is highly concentrated and technology-driven. Upstream consists of high-purity metal suppliers of cobalt, iron, and boron, along with advanced alloy processing equipment and vacuum metallurgy technologies. Midstream is dominated by precision manufacturers that perform alloy design, vacuum melting, HIP densification, machining, and bonding to produce finished sputtering targets. Downstream applications are primarily in MRAM, magnetic sensors, spintronic devices, and advanced semiconductor memory, where CoFeB is a critical functional thin-film material used in magnetic tunnel junction (MTJ) structures. CoFeB sputtering targets represent a high-value, performance-critical niche within advanced semiconductor materials rather than a commodity metal product. Their value is driven not by raw material cost but by composition precision, microstructural control, and process stability. As MRAM and spintronic technologies gradually scale, demand is expected to grow steadily, but supply will likely remain concentrated among a few global players with strong metallurgical and semiconductor integration capabilities.
This report is a detailed and comprehensive analysis for global CoFeB Sputtering Target market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Composition Ratio and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global CoFeB Sputtering Target market size and forecasts, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/kg), 2021-2032
Global CoFeB Sputtering Target market size and forecasts by region and country, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/kg), 2021-2032
Global CoFeB Sputtering Target market size and forecasts, by Composition Ratio and by Application, in consumption value ($ Million), sales quantity (kg), and average selling prices (US$/kg), 2021-2032
Global CoFeB Sputtering Target market shares of main players, shipments in revenue ($ Million), sales quantity (kg), and ASP (US$/kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for CoFeB Sputtering Target
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global CoFeB Sputtering Target market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Jx Nippon Mining & Metals Corporation（Japan）, Tosoh Corporation（Japan）, Materion Corporation(United States), Plansee Se(Germany), Mitsui Mining And Smelting （Japan）, Ulvac Inc(Japan), Sumitomo Chemical Company Limited(Japan), Honeywell Electronic Materials(United States), Hitachi Metals(Japan), Praxair Surface Technologies(United States), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
CoFeB Sputtering Target market is split by Composition Ratio and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Composition Ratio, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Composition Ratio
Standard Stoichiometric CoFeB Target
Co-rich CoFeB Target
Fe-rich CoFeB Target
Low-Boron CoFeB Target
High-Boron CoFeB Target
Market segment by Manufacturing Process
Vacuum Melted CoFeB Target
Powder Metallurgy CoFeB Target
Hot Isostatic Pressed (HIP) Target
Cold Pressed & Sintered Target
Market segment by Purity Level
Standard Purity (≥99.5%)
High Purity (≥99.9%)
Ultra-High Purity (≥99.99%)
Market segment by Application
Semiconductor & Electronics
Research & Development
Others
Major players covered
Jx Nippon Mining & Metals Corporation（Japan）
Tosoh Corporation（Japan）
Materion Corporation(United States)
Plansee Se(Germany)
Mitsui Mining And Smelting （Japan）
Ulvac Inc(Japan)
Sumitomo Chemical Company Limited(Japan)
Honeywell Electronic Materials(United States)
Hitachi Metals(Japan)
Praxair Surface Technologies(United States)
Fujimi Incorporated(Japan)
Angstrom Sciences Inc(United States)
Ningbo Jiangfeng Electronic Materials(China)
Grikin Advanced Material(China)
Western Metal Materials(China)
Advanced Technology & Materials(China)
Vital Materials(China)
Fujian Acetron New Materials(China)
Changzhou Sujing Electronic Material(China)
China Northern Rare Earth High Tech Materials
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe CoFeB Sputtering Target product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of CoFeB Sputtering Target, with price, sales quantity, revenue, and global market share of CoFeB Sputtering Target from 2021 to 2026.
Chapter 3, the CoFeB Sputtering Target competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the CoFeB Sputtering Target breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Composition Ratio and by Application, with sales market share and growth rate by Composition Ratio, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and CoFeB Sputtering Target market forecast, by regions, by Composition Ratio, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of CoFeB Sputtering Target.
Chapter 14 and 15, to describe CoFeB Sputtering Target sales channel, distributors, customers, research findings and conclusion.

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