Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Tantalum Market”. This
report also includes more info about basic overview of the industry including
definitions, applications and global market industry structure. Tantalum is a
hard, bluish grey, transition metal. Previously it was known as tantalium and
is a rare earth metal. It is characterized by its incredibly high melting point
which is bettered only by tungsten, rhenium, osmium and carbon. Tantalum along
with similar metals such as Neobium, can be found in minerals such as coltan,
columbite and tantalite. Most of the tantalum is derived from hard rock mines;
however it can also be obtained from tin slags, and artisanal mines. Tantalite
is highly resistant to corrosion and is a part of the refractory metals
group.
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The
main application of tantalum is in the electronics industry where it is
employed in manufacturing capacitors and high power resistors. In this
application, tantalum has to compete with low cost ceramic and aluminum
capacitors. As a result tantalums’ use is mostly limited to high end capacitors
where stability and high volumetric capacity is of paramount importance. Other
electronic applications of tantalum are sputtering targets and target acoustic
wave filters. Apart from that tantalum finds application in medical devices,
chemical processing and manufacturing of super alloys. Tantalum-oxide is used
in camera lenses as well as X-ray equipments, while tantalum carbide is used to
manufacture cutting tools.
One
of the major drivers of this market is the growing importance and demand for
electronic gadgets and equipments. Tantalum alloys are used extensively in
aviation and land based gas turbine, and the demand from this sector is
expected to rise at a brisk pace in the near future owing to the high growth in
aviation and aerospace industries. The same is true for land based gas turbines
as well. The highest quantity of tantalum demand is expected to come from
tantalum powder/ wire application, followed by its application in super alloys.
Most
of the tantalum that is mined globally comes from Africa, where the largest
resource of tantalum is present. Tantalum is widely available in Central Africa
as well as other parts of the region. Countries such as Rwanda, Ethiopia,
Mozambique, Nigeria, Gabon, Zimbabwe and Namibia have huge tantalum deposits
and cumulatively account for over 50% of the global production. Tantalum is
also abundant in the Democratic Republic of Congo, and the metal from DRC is
called conflict tantalum, as the metal mined in the conflict region is sold to
perpetuate warfare. A ban on importing or trading conflict metals has been
imposed, which is expected to hurt the Central African economy and the local
people. The blanket ban is also expected to affect other regions of Africa
which are not conflict zones. Other than Africa, tantalum is mined in South
American countries such as Brazil and Argentina; European countries such as
Germany and Austria; and Asian countries such as Australia, Japan, Thailand and
China. The mining of tantalum in North America is almost negligible; however
mining activities are expected to commence in the near future. The Central
African crisis and ban on tantalum imports are expected to drive demand from
the Asia Pacific and South American countries.
Some
of the restraints of this market are the demand supply imbalance due to the ban
on Central African imports and price fluctuation of tantalum ores in different
mining locations. For instance, the price of tantalum imported from South
America is slightly lower as compared to the mineral mined in Australia. Supply
chain and inventory are some of the other concerns for end use industries.
However, long term supply agreements are expected to substantially reduce the
price compared to spot rates and also guarantees supply.
Some
of the top tantalum producing companies are Talison Minerals Pty Ltd., Cabot
Corp., China Minmetals Corp., and Ethiopia Mineral Development Share Company
among others. Some of the top tantalum producing mines are located at Wodgina,
Greenbushes, Nanping and Kenticha among others.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
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