Global Tantalum Market: Introduction
Tantalum is a rare, shiny, grey colored, and dense metal. It has high ductility and can be drawn into wires. Tantalum is one of the five major refractory metals, and it is highly resistant to corrosion due to the formation of an oxide layer.
Tantalum has excellent conductivity for heat and electricity. It has incredibly high melting point which is surpassed only by osmium, tungsten, carbon and rhenium.
Tantalum can be found in minerals such as tantalite, columbite and coltan, and is a part of the refractory metals group. The tantalum metal have applications in the surgical and dental instruments & implants, as it causes no immune response.
Tantalum act as substitute for the platinum, which is relatively more expensive than others. It finds wide range of applications across the chemical plants, nuclear plants, airplanes and missiles.
Tantalum is widely used in the electronics industry for capacitors and high power resistors.
The adoption of innovative technologies, automation, etc. have led to the increase in demand for electronic devices. The electronic industry is projected to have highest growth in demand for tantalum over the forecast period.
Global Tantalum Market: Market Dynamics
The growing importance and demand for electronic gadgets and equipment is one of the major drivers of the market. The tantalum alloys are extensively used in land based and aviation gas turbines.
By virtue of high growth in aviation and aerospace industries the demand for tantalum is expected to rise at a fast pace.Tantalum is a key element used in manufacturing of capacitors for electronics industry.
As the electronics industry is moving towards greater miniaturization, the capacitors made of tantalum are preferred for space sensitive high end applications for data storage, telecommunication, medical devices, etc.
The factors hampering the market growth include imbalance in demand and supply owing to ban on mining, import and export of conflict minerals including tantalum in some African countries.
This also results in price fluctuations of tantalum ores in various mining centers. Though, rise in mining activities coupled with long term supply agreements are expected to provide growth opportunities for the tantalum market.
Global Tantalum Market: Regional Outlook
The advancement and replacement of aging power infrastructure in the U.S. is one of the key factors driving the electrical industry demand in North America to ensure safe and continuous transmission of electricity from power generation plants to the end users.
The demand for electronics additives such as tantalum is anticipated to witness notable growth in the regional market.The governments of various countries in Asia Pacific region are planning to replace the old electrical systems to provide safety and uninterrupted power supply.
These measures coupled with presence of large number of manufacturers is projected to provide significant growth for the tantalum market over the forecast period.Africa is the largest source of tantalum holding nearly half of the global tantalum production. Hence, it is accounted for significant share in the market.
Global Tantalum Market: Industry Participants
The global tantalum market is estimated to be highly fragmented market owing to the presence of numerous small-scale and major manufacturers at regional level. Few of them identified across the value chain of global tantalum market which are –
- Admat Inc.
- Teach Nuclear
- Advanced Materials Inc.
- Ultra metal minor Limited
- Mokawa Inc.
- U.S. Titanium Industry Inc.
- High Performance Alloys, Inc.
- Talison Minerals Pvt. Ltd.
- Cabot Corp.
- Tantalex Resources Corp.
- Ningxia Orient Tantalum Industry Co. Ltd
- Pilbara Minerals
The research report on the tantalum Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The tantalum market report also contains projections using a suitable set of assumptions and methodologies.
The report provides analysis and information according to market segments such as geography, product type, application, grades.
The report covers exhaustive analysis on:
- Tantalum Market Segments
- Tantalum Market Dynamics
- Tantalum Market Size
- New Sales of Tantalum
- Current Trends/Issues/Challenges in the tantalum Market
- Competition & Companies Involved in tantalum
- New Technology for tantalum
- Value Chain of the tantalum Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global tantalum market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the tantalum Market
- In-depth tantalum Market segmentation
- Historical, current, and projected tantalum Market size in terms of volume and value
- Recent industry trends and developments in the global tantalum Market
- Competitive landscape
- Strategies of key players and products offered in the global tantalum Market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on tantalum Market performance
- Must-have information for market players in tantalum Market to sustain and enhance their market footprint
Global Tantalum Market: Market Segmentation
The global tantalum market segmented into four segments – product types, applications, grades, and regions.
Basis of Applications:
- Engine Turbine Blades
- Chemical Processing Equipment
- Medical Grade Tantalum
- Commercial Grade Tantalum
Basis of Product Types:
- Tantalum Carbide
- Lithium Tantalite
- Tantalum Oxide
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