Tantalum (Ta) is a hard, blue-gray, lustrous, rare transition metal with high corrosion resistance and has an atomic number of 73. According to BlueQuark Research & Consulting, the global Tantalum market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Tantalum in manufacturing capacitors, semiconductors, surgical equipment, missile parts, heat exchangers, tanks, vessels, and chemical processing equipment are driving the Tantalum market. The surging demand for alloy in various end-user industries like the automotive, Aerospace, and Biotechnology industry is expected to increase the demand for Tantalum as its acts as one of the prime raw material for these alloys. Properties of tantalum like ductility, high conductivity, and corrosion resistance make it of great use to the electronic and chemical industry. Furthermore, the increasing application of Tantalum in orthopedic implants in the Medical Industry is set to propel the demand for Tantalum in the forecasted years. Also, its excellent performance in making the ultra-high frequency electron tubes makes it ideal for radio transmitters. However, factors like the harmful effects of Tantalum powder, volatility in raw material prices, and increasing imbalance of demand supply can restrain the Global Tantalum Market.
Tantalum is used to manufacture capacitors, semiconductors, high power resistors, jet engine components, chemical processing equipment, missile parts, nuclear reactors, heat exchangers, tanks, vessels, wires & filaments, surgical equipment and implants, radio transmitters, vacuum furnace, valve bodies, explosive penetrator, camera lenses.
The Electronic Industry is the prime consumer of Tantalum globally and is expected to drive the future market. Tantalum is mainly used in the form of metal powder to produce electronic devices like capacitors, semiconductors, and some high-power resistors. The tantalum electrolytic capacitors utilize the tendency of tantalum to make a protective surface layer of oxide, which acts as a thin layer of dielectric, and a high capacitance can be achieved in small volumes. These size and weight advantages of tantalum capacitors attract manufacturers of portable telephones, automotive electronics, personal computers, and cameras; thus, over 75% of electronics contain tantalum in some form. The dependence of humans on technology is increasing with the increase in the population globally as a result, it is hard to survive for any industry without computers and other electronic items and gadgets. Therefore, the increase in demand for computers and other electronic items which use small tantalum capacitors has surged the Global tantalum Market. Tantalum is also used to produce various alloys with high melting points, ductility, and strength. It is used in making carbide tools for metalworking equipment after alloying with other metals, thus producing superalloys for nuclear reactors, missile parts tanks, vessels, and jet engines. Therefore, the aerospace and defense industries are also great customers of Tantalum and contribute to the growth of the Global tantalum Market. Furthermore, Tantalum has been proved a valuable material for the medical and biotechnology Industry. Since tantalum is resistant to reacting with any body fluids and happens to be non-irritating, it is widely used to produce surgical instruments. Tantalum is also a bioinert substance and can be used as an orthopedic implant; also, it is a non-ferrous and non-magnetic metal, so these implants are acceptable to patients. The increasing demands for these applications in the medical and biotechnology industry drive the Global tantalum Market.
The global Tantalum market was found to be fragmented. Major global players in the industry wereGlobal Advanced Metals Pty Ltd,Pilbara Minerals,Alliance Mineral Assets Limited, Ningxia Orient Tantalum Industry Co. Ltd., AMG Advanced Metallurgical Group, American Elements, Stanford Advanced Materials, Edgetech Industries, Zhuzhou Jiabang, Changsha South.
The Asia Pacific region is anticipated to be the largest consumer of Tantalum in the forecasted year. The growth is attributed to the growth of the end-user industries, such as Electronics, Medical, and Aerospace. The market was initially developed in North America but has tilted towards the east to emerging countries like China, Japan, and India, where it is now booming. The increasing population and demand for electronic devices in the APAC region have made the electronic industry one of the most flourishing industries in the region. Keeping its status as the workshop of the world, China is the largest consumer of tantalum in the APAC region with a highly competitive market. Electronic and Defense industries are the prime consumers of Tantalum in China. China is well known for making cheaper and advanced electronic items throughout the world. In 2014-2015, 286.2 million personal computers, i.e., 90.6 % of the global supply, and 1.77 billion mobile phones, i.e., 70.6 % of the global supply, were produced in China, making it the most significant contributor to the Global Tantalum market. However, due to some border disputes between India and China, Indians are trying to boycott Chinese products by boosting their 'Make in India' campaign. This has undoubtedly affected the Chinese market a bit, but there is no resistance to the overall market growth in the Asia Pacific Region.
Tantalum Mining Corporation of Canada Limited has made various recent improvements on every stage of the flowsheet, which gave the 10 % increase in the recovery. Due to the continuously decreasing grade and grain size of Tantalum minerals, modifications to the customarily used two-staged gravity circuit have been required. The company also discussed future improvements, the possibility of tantalum floatation, and on-stream analysis.
Global Tantalum Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Tantalum market by segmenting based on the Form (Metal, Powder, Carbide, Alloy, Others), Applications (Capacitors & Semiconductors, Surgical Instruments, Chemical Processing Equipment, Camera Lenses), End-User (Electronic, Medical, and Biotechnology, Chemicals, Photography, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). This report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. The report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.