London, 11 December 2015: Technavio, the independent tech-focused global research firm, has published a report on the global tantalum market outlook 2015-2019, which is expected to grow at a CAGR of 2.89% during the forecast period of 2014-2019.
“Tantalum is increasingly gaining traction in radiation shielding, owing to rise in the number of nuclear power plants. Thicker sheets of tantalum are used for defense technology shielding, shielding of nuclear reactors and components, and x-ray technology,” says Faisal Ghaus, Vice President of Technavio.
The global tantalum market is charting a growth trajectory due to the predominant application of the metal in the electronics industry in semiconductor manufacturing. Semiconductors use tantalum powders and tantalum-coated anode wires for various applications. The extensive use of capacitors is the major growth driver of this market. The market for tantalum is also dependent on the aerospace industry and the power industry, which use tantalum as an important element in the blades of heavy-duty equipment.
Key Market Drivers
- Growth of the electronics industry
- Growth of the aerospace sector
- Growth of the power industry
Key Market Trends
- Tantalum usage in radiation shielding
- Tantalum as memory technology booster
- Supply chain issues
Key Market Vendors
- AMG Advanced Metallurgical Group N V
- China Minmetals Corporation
- Ethiopian Mineral Development Share Company
- Global Advanced Metals
- Pacific Wildcat Resources Corporation
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Tantalum Market Outlook 2015-2019, please send an e-mail to media@TechNavio.com.
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