The global Cobalt Target market size is predicted to grow from US$ 102 million in 2025 to US$ 158 million in 2031; it is expected to grow at a CAGR of 7.6% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Cobalt target is a sputtering source that forms various functional films on the substrate by magnetron sputtering, multi-arc ion plating or other types of coating systems under appropriate process conditions.

The cobalt target market refers to the demand and supply dynamics of cobalt targets, which are used in various industrial applications. Cobalt targets are typically made of high-purity cobalt and are used in thin film deposition processes, particularly in physical vapor deposition (PVD) techniques such as sputtering.

Cobalt targets find application in the semiconductor industry for the deposition of cobalt films. Cobalt is used in advanced semiconductor devices, particularly in the production of magnetic materials, interconnects, and barrier layers.

Cobalt targets are utilized in the production of magnetic storage media such as hard disk drives (HDDs) and magnetic tapes. Cobalt films can be used as part of the magnetic recording layer, contributing to high-density data storage.

Infinity Market Research newest research report, the Cobalt Target Industry Forecast looks at past sales and reviews total world Cobalt Target sales in 2024, providing a comprehensive analysis by region and market sector of projected Cobalt Target sales for 2025 through 2031. With Cobalt Target sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cobalt Target industry.

This Insight Report provides a comprehensive analysis of the global Cobalt Target landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cobalt Target portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Cobalt Target market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cobalt Target and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cobalt Target.

This report presents a comprehensive overview, market shares, and growth opportunities of Cobalt Target market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Plane Target
    Rotating Target

Segmentation by Application:

    Semiconductor Industry
    Magnetic Storage
    Electronics and Optoelectronics
    Decorative Coating
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Kurt J. Lesker
    Stanford Advanced Materials
    Nexteck
    ZNXC
    Vital Thin Film Materials (VTFM)
    DM Materials

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cobalt Target market?
What factors are driving Cobalt Target market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cobalt Target market opportunities vary by end market size?
How does Cobalt Target break out by Type, by Application?