Tantalum is a transition metal that has high melting point and capable of resisting high corrosion. It is a lustrous and blue gray chemical element that is very rare to find. Tantalum is generally derived from hard rock mines; it can also be found in artisanak mines, tin slag and in minerals such as tantalite, columbite and coltan. Due to chemical inertness, tantalum is used as a substitute for platinum and has a wide range of application in laboratory equipment, electronic equipment, medical devices, manufacturing of super alloys, etc. Tantalum has many applications in electronics industry as it can manufacture high power resistors and high end capacitors. Tantalum oxide is also used in X-ray equipment and camera lenses. In addition, tantalum chloride is used in the production of cutting tools.
The growth of the tantalum market is driven by the factors such as high demand for tantalum in manufacturing electronic equipment and gadgets, rising industries such as aviation and aerospace. High demand for tantalum wire/ powder in super alloys is also contributing to the growth of the tantalum market. However, fluctuating price of the tantalum ores and imbalance of the demand supply in some of the regions such as Central Africa are some of the factors that are hampering the growth of the market. Long term agreements of supply and rising activities of mining are expected to create lot of opportunities for the growth of the market.
Tantalum by Product Market Analysis
Tantalum Product Market is segmented into chemical refining, electrolysis and fabrication & metalworking. Chemical refining is the largest revenue generating segment due to high demand of tantalum in the manufacturing of laboratory equipment and super alloys.
Tantalum by Application Market Analysis
Tantalum Application Market is segmented into electronics, alloys and other uses (Watches, Orthopedic Implants, Medical devices, etc). Electronics segment is the largest revenue generating segment due to high demand of tantalum in the production of high power resistor and capacitors. With the use of tantalum, capacitors have the weight and size advantage. Due to this factor, there is soaring demand for capacitors in manufacturing automotive electronics, personal computers and portable telephones.
Tantalum Geography Market Analysis
Geographically, Market is segmented into North America, Europe, Asia Pacific and RoW. Africa is the largest revenue generating segment. Africa is the largest source of tantalum. Africa accounts for 50% of the global tantalum production.
The key strategies adopted by the companies to expand in the Tantalum Market are product launches, mergers & acquisitions and agreements & collaborations. These strategies would provide efficient products and yield strong performing products that support the market regulations and finally, exhibit better customer satisfaction. The companies profiled in this report are China Minmetals Corp., Cabot Corp., Talison Minerals Pvt. Ltd., Ethiopia Mineral Development Share and some of the top plants of tantalum production mines are located in Kenticha, Nanping, Greenbushes, and Wodgina.
High Level Analysis
The report analyzes various macro environments of the Tantalum Market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of Tantalum Market and threat of substitute is low due to unavailability of alternate products.
Tantalum Market Analysis is segmented on the basis of product, application and geographies.
MARKET BY PRODUCT
MARKET BY APPLICATION
MARKET BY GEOGRAPHY
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