This market research study identifies Advanced Metallurgical, China Minmetals, Global Advanced Metals, H.C. Starck, and Ningxia Orient Tantalum Industry as the leading players in the global tantalum market. A comprehensive analysis of this market is also presented by the intermediates, end-product, end-markets, and geography.
Overview of the global tantalum market
The global tantalum market is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period. The increasing penetration of smartphones is triggering the demand for capacitors, which will drive the growth prospects for the global tantalum market for the next four years. According to the industry research report, the growing telecommunication sector will drive the growth prospects of the tantalum market because a majority of demand for low voltage capacitors comes from the telecommunication sector. Moreover, one of the major factors responsible for the growing telecom sector is the increasing demand for smartphones in the developing economies. For instance, the shipment for smartphones are likely to increase by 1.3 billion units in the next few years, which will boost the demand for capacitors, and subsequently positively affecting the global tantalum market.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major countries contributing to the maximum revenue in the region is Brazil, which is also the largest tantalum producing country in the Americas. Brazil is expected to become one of the largest exporters of tantalum worldwide because no conflict minerals have been found to be mined from this region so far. Furthermore, it has been observed that the Americas is increasingly focusing on recycling and other secondary production processes by finding out newer and better ways to reduce the gap between demand and supply and address the gap issues.
Competitive landscape and key vendors
The global tantalum market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Some of the major factors responsible for the increasing competition in the market is the physical nature of the ore and low cost of production. Furthermore, these vendors are increasingly focusing on research and developmental activities, nanoscale labs and process management capabilities, chemical and metallurgical process capabilities, and customer interface to serve their customers effectively.
Key vendors in this market are –
Advanced Metallurgical
China Minmetals
Global Advanced Metals
H.C. Starck
Ningxia Orient Tantalum Industry
Other prominent vendors in the market include Ethiopian Mineral Development Share Company, Jiangxi KING-TAN Tantalum Industry, and Mineração Taboca.
Segmentation by end-markets and analysis of the tantalum market
Capacitors
Turbine and aircraft structure parts
Optical coatings
Medical implants
Thin-film resistors
Carbide cutting tools and wear parts
The capacitor segment accounted for the largest market share during 2016 and will continue to lead the market until the end of 2021. One of the major factors responsible for the market segment’s growth is the rapid industrialization occurring in the emerging economies of APAC and the presence of the electronics industry in countries like Japan and China.
Segmentation by end user and analysis of the tantalum market
Anode powder and wire
Superalloys
Carbides
Chemicals
Sputtering agents
The anode powder and wire segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. One of the major applications of tantalum powder is its use in the capacitor industry, which has a unique property and ability to provide the highest capacitance value in the smallest physical component size.
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