According to the latest market research study by Technavio, the global tantalum market is expected to grow at a CAGR of close to 3% during the forecast period 2017 to 2021.
This report by Technavio provides a competitive analysis of the global tantalum market regarding revenue and emerging market trends. The report also includes an up-to-date vendor analysis and forecasts for various market segments and all geographical segmentations.
Technavio research analysts categorize the market based on the end-product
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The top three revenue contributing end-product segments are discussed below
Global tantalum market for anode powder and wire: Around 49% of the tantalum consumed yearly is in the form of powder and wire for capacitors, which represents the largest segment for tantalum-based applications.
“Tantalum powder is used in capacitor anodes while tantalum wire is used in capacitor lead attachments. Tantalum powder finds its application in the capacitor industry owing to the distinctiveness in its ability to provide the highest capacitance value in the smallest physical component size,” says Ajay Adikari, a lead analyst at Technavio for research on metals and minerals.
Capacitor-grade powder contains around 100% tantalum content with a capacitance-voltage-per-gram (CV/g) value of 30,000->100,000 CV/g. The primary vendors of tantalum capacitor and wire are Global Advanced Metals, H.C. Starck, and Ningxia Orient Tantalum.
Global tantalum market for superalloys: Superalloys have high strength and ability to withstand high temperatures as in the case of gas turbines and aircraft engines. The major drivers of the segment include the aerospace industry and the orthopedic medical devices industry. In aircraft industry, the demand is for metal fan blades and specific structural parts on the frame of the aircraft. In the healthcare industry, additive manufacturing metal is used for medical implants, primarily, knee and hip replacement pins and metals.
Global tantalum market for carbides: Tantalum carbides are applied in the manufacturing of cutting tools and wear parts. They are extremely hard and brittle materials and are also conductive in nature. The major market driver for tantalum uses is the growing demand from several industries such as a automobile, aircraft, oil and gas exploration, and mining industry.
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The top vendors operating in the global tantalum market are:
- Advanced Metallurgical
- China Minmetals
- Global Advanced Metals
- H.C. Starck
- Ningxia Orient Tantalum Industry
The other prominent vendors in the market include Ethiopian Mineral Development Share Company, Jiangxi KING-TAN Tantalum Industry, and Mineração Taboca.
A more detailed analysis is available in the Technavio report titled, ‘Global Tantalum Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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