Global Tantalum Market Driven by High Demand from Healthcare Sector for Knee and Hip Replacement Surgeries: Technavio

Technavio has published a new report on the global tantalum market from 2017-2021. (Graphic: Business Wire)

LONDON--()--According to the latest market study released by Technavio, the global tantalum market is expected to grow at a CAGR of more than 3% during the forecast period.

This research report titled ‘Global Tantalum Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

 

The Americas is the global leader in the tantalum market, responsible for generating maximum revenue and highest incremental growth through the forecast period. The thriving automotive and consumer electronics industries in the region are creating the highest demand for tantalum.

 

The healthcare segment creates a high demand for tantalum, as it used in hip and knee replacement surgeries, and this is one of the major driving factors of the market. Orthopedic disorders like osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis require knee and hip implant surgeries, thus driving the demand for tantalum.

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Based on end-product, the report categorizes the global tantalum market into the following segments:

  • Anode powder and wire
  • Superalloy
  • Carbides
  • Chemicals
  • Sputtering targets
  • Others

The top three revenue-generating end-product segments in the global tantalum market are discussed below:

Anode powder and wire

The anode powder and wire segment of the global tantalum market consumes almost 50% of all the tantalum mined. It is widely utilized in the capacitor industry due to its unique ability to provide the highest capacitance value in the smallest physical component size,” says Ajay Adikari, one of the lead analysts at Technavio for metals and minerals research.

Capacitor-grade tantalum powders are priced based on their CV/g value, product melting point, and its compatibility with the end-product. Nodular, flake, and angular tantalum powders are the three main types of powders used in capacitors. Tantalum wires are mainly used in capacitor lead attachments.

Superalloy

Superalloys are one of the fastest growing segments of the tantalum market, exhibiting a CAGR of almost 5% through 2021. Superalloys possess high strength and can withstand high temperatures, which makes them suitable to be used in gas turbines and aircraft engines. It is also used in knee and hip replacement surgeries as replacement pins. Tantalum is sold to superalloy manufacturers as metal ingot, powder, or high-purity oxide.

Carbides

Tantalum carbides are extremely hard, brittle and good conductors of electricity. These properties make them suitable to be used in the manufacture of cutting tools and wear parts. Tantalum carbides are also utilized to make tungsten carbide alloys,” says Ajay.

The automobile, aircraft, oil and gas exploration, and mining industries create the highest demand for tantalum carbides. However, cutting tools remain the most popular end-product segment of tantalum carbide and are largely responsible for driving the growth of the segment.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Advanced Metallurgical Group
  • China Minmetals
  • Global Advanced Metals
  • H. C. Starck
  • Ningxia Orient Tantalum Industry

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global tantalum market is expected to grow at a CAGR of more than 3% during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com