Tantalum is basically a lustrous, blue-gray, hard, transition metal that comes with excellent corrosion resistant properties. It is normally found in mineral groups, including, tantalite, coltan, and columbite. The product is processed mainly from two sources, such as minerals and tin slag. It is utilized in its powder form in the production of electronic devices, including resistors & capacitors. Also, it plays a prime role in the manufacturing of smartphones. Hence, increasing the adoption of smartphones, specifically in developing countries, is anticipated to have a positive impact on market growth. Moreover, the rising adoption of technology, automation, and digital data, is expected to drive the product demand.
MARKET DYNAMICS
The tantalum products market has witnessed a significant growth owing to factors such as wider application in capacitors, semiconductors, engine turbine blades, chemical processing equipment, medical equipment, and other applications. Prime factors driving the market studied are the growth of the electronic industry and extensive usage of tantalum alloys in aviation and gas turbines. High demand for tantalum wire/ powder in superalloys is also contributing to the growth of the tantalum market. However, the detrimental effect of tantalum powder is expected to hinder the growth of the market studied. Nevertheless, Long term agreements of supply and rising activities of mining are expected to create a lot of opportunities for the growth of this market.
MARKET SCOPE
The "Global Tantalum Products Market Analysis to 2028? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the tantalum products market with detailed market segmentation by product form, application, and geography. The global tantalum products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tantalum products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global tantalum products market is segmented on the basis of product form, application. On the basis of product form, the tantalum products market is segmented into metal, carbide powder, alloys, and other product forms. The tantalum products market on the basis of the application is classified into capacitors, semiconductors, engine turbine blades, chemical processing equipment, medical equipment, and other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global tantalum products market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tantalum products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the tantalum products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the tantalum products market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global tantalum products market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from tantalum products market are anticipated to lucrative growth opportunities in the future with the rising demand for tantalum products in the global market. Below mentioned is the list of few companies engaged in the tantalum products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the tantalum products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allegheny Technologies Inc.
- AMETEK Inc.
- AMG Advanced Metallurgical Group NV
- China Minmetals Corp.
- Global Advanced Metals Pty Ltd.
- Globe Metals and Mining Ltd.
- HC Starck GmbH
- Ningxia Orient Tantalum Industry Co. Ltd.
- Taki Chemical Co. Ltd.
- Tantalex Resources Corp.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.