Global Tantalum Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 4.60% through 2020 to 2026, reaching nearly US$ 28 Million in the forecast period.
The Global Tantalum market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Tantalum market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Tantalum Market Overview:
The global tantalum market size is projected to detect steady growth over the forecast period. Tantalum is a hard, lustrous, blue-grey transition metal with exceptional corrosion-resistant properties. Tantalum is generally found in mineral groups, such as tantalite, coltan, and columbite. The product is chiefly processed from two sources together with minerals and tin slag.
Tantalum is used in its powder form for the manufacture of electronic devices counting resistors and capacitors. Also, Tantalum plays a key role in the manufacturing of smartphones. Therefore, growing the adoption of smartphones, specifically in emerging countries, is anticipated to have a positive impact on market growth. Furthermore, the rising implementation of technology, automation, and digital data, is estimated to drive the product demand.
Tantalum is a transition metal with a high melting point and capable of resisting high corrosion. It is a lustrous and blue-grey chemical element that is very rare to find. Tantalum is generally derived from hard rock mines; it can also be found in artisanal mines, tin slag, and minerals such as tantalite, columbine, and Colton.
Owing to chemical motionlessness, tantalum is used as a substitute for platinum and has a wide range of applications in laboratory equipment, electronic equipment, medical devices, manufacturing of superalloys, etc. Tantalum has various applications in the electronics industry as it can manufacture high-power resistors and high-end capacitors. Tantalum oxide is also used in camera lenses and X-ray equipment. Also, tantalum chloride is used in the production of cutting tools.
Global Tantalum Market Dynamics:
Tantalum is a hard, transition metal. Formerly it was known as tantalum and is a rare earth metal. It is characterized by its incredibly high melting point which is enhanced only by tungsten, osmium, rhenium, and carbon. Tantalum along with parallel metals such as Niobium can be originated into minerals such as Colton, columbine, and tantalite. The maximum of the tantalum is derived from hard rock mines.
However, Tantalum can also be obtained from tin slags and artisanal mines. Tantalite is exceedingly resistant to corrosion and is a part of the refractory metals group.
The main application of tantalum is in the electronics industry where it is employed in manufacturing capacitors and high power resistors. In this application, tantalum has to participate with low-cost ceramic and aluminium capacitors. As a result, tantalums use is mostly limited to high-end capacitors where stability and high volumetric capacity are of dominant importance.
Other electronic applications of tantalum are popping targets and target auditory wave filters. Separately from that tantalum finds application in medical devices, chemical processing, and manufacturing of superalloys.
One of the foremost drivers of this market is the rising importance and demand for electronic gadgets and types of equipment. Tantalum alloys are used widely in aviation and land-based gas turbines, and the mandate from this sector is predicted to rise at an impatient speed shortly owing to the high growth in aviation and aerospace industries.
The same is true for land-based gas turbines as well. The highest capacity of tantalum demand is expected to come from tantalum powder/ wire application, followed by its application in superalloys.
Some of the restraints of this market are the demand-supply discrepancy due to the ban on Central African imports and price variation of tantalum minerals in different mining locations. For instance, the price of tantalum imported from South America is marginally lower as compared to the mineral extracted in Australia. Supply chain and inventory are some of the other alarms for end-use industries. However, long-term supply contracts are expected to considerably reduce the price associated to spot rates and also guarantees supply.
Global Tantalum Market Segment Analysis:
By Product, Tantalum Product Market is segmented into chemical refining, electrolysis, and fabrication metalworking. Chemical refining is the principal revenue breeding segment due to the great demand of tantalum in the manufacturing of laboratory equipment and superalloys.
Global Tantalum Market
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By Application, Tantalum Application Market is divided into electronics, alloys, Medical devices, capacitors, Semiconductors, and others. The electronics segment is the chief revenue-generating segment owing to the high demand for tantalum in the construction of high-power resistors and capacitors. With the use of tantalum, capacitors have weight and size benefits. Owing to this factor, there is a climbing demand for capacitors in manufacturing automotive electronics, personal computers, and portable telephones.
Global Tantalum Market
Global Tantalum Market Regional Insights:
Asia-Pacific had the chief share in the market, bookkeeping for a share of almost 40% of the global market. The Asia-Pacific market is principally driven by the intensification in the demand from end-user industries, including electronics, aerospace, and medical equipment.
China is the prime consumer of tantalum in the Asia-Pacific region. The Chinese tantalum market is highly competitive. Capacitors and high-end military applications are the key consumption areas for tantalum in the country.
Global Tantalum Market
The objective of the report is to present a comprehensive analysis of the Global Tantalum Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Tantalum Market dynamics, structure by analyzing the market segments and project the Global Tantalum Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Tantalum Market make the report investor’s guide.
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Global Tantalum Market
Global Tantalum Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Tantalum Market Key Players
• Advanced Metals Pty Ltd
• AMG Advanced Metallurgical Group
• Pilbara Minerals
• Ningxia Orient Tantalum Industry Co. Ltd
• Alliance Mineral Assets Limited.
• Cabot Corporation
• China Minmetals Corporation
• Tantalex Resources Corp.
• Duoluoshan Sapphire Rare Metal Co. Ltd.
• Ethiopia Mineral Development Share Company
• Fogang Jiata Metals Co. Ltd.
• H.C. Strack
• Metallurgical products India pvt. Ltd.
• Talison Minerals Pty Ltd.
• ULBA Metallurgical Plant