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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key product segments and their future
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of changing competition dynamics and keeps you ahead of competitors
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business decisions by having complete insights of market and by making
in-depth analysis of market segments
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graphics and exemplified SWOT analysis of major market segments
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