Market Overview:
The global Hafnium market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The high porosity type segment is expected to dominate the global Hafnium market in terms of revenue share by 2030, owing to its increasing demand from the super alloy application segment. The low porosity type segment is projected to be the fastest-growing segment during the forecast period, due to its growing demand from nuclear and other applications. In terms of region, North America is estimated to account for the largest share of the global Hafnium market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Hafnium is a chemical element with symbol Hf and atomic number 72. A lustrous, silvery gray, tetravalent transition metal, hafnium is in the group of refractory metals and has a melting point of 2,233 °C (4,033 °F). It is not found naturally on Earth but must be produced artificially. Hafnium was discovered in 1923 by Dirk Coster and Georg von Hevesy as an impurity in zirconium ore.
High Porosity:
High porosity is a characteristic of element hafnium which allows it to absorb oxygen from the atmosphere. The material has been known to reach over 4,000 degrees Celsius and still maintain high porosity. This makes it an ideal material for use in furnaces used in the production of superalloys such as Yttrium Aluminum Garnet (YAGB).
Low Porosity:
Low porosity means less space between the cells in a porous material. Low porosity is most commonly found in minerals such as microporous solids, clays, and certain alloys. The low pore density of these materials can be attributed to their physical properties such as high compressive strength and hardness along with thermal resistance.
Application Insights:
The application segment includes superalloys, nuclear, others and niche applications. In terms of revenue, the superalloys segment dominated the market with a share of 33.1% in 2017 owing to increasing demand from automotive and industrial applications. Hafnium-based alloys are used as an alternative to tungsten in high-pressure turbine blades for gas turbines due to its superior properties including low thermal expansion coefficient and higher strength at elevated temperatures.
Hafnium is used as a replacement for yttrium in some neodymium magnets that are manufactured using rare earth minerals such as neodymum, praseodymium, terbium and promethium because it has higher permeability than iron oxide or steel.
Regional Analysis:
Asia Pacific dominated the global element hafnium market in terms of both volume and revenue. The region is expected to continue its dominance over the forecast period owing to high demand from various application industries, especially from China and India. In 2017, Asia Pacific accounted for a share of more than 60% in terms of both volume and revenue.
The presence of key nuclear power plants builders such as SNC-Lavalin Group; Toshiba Corporation; Jain Irrigation Systems Limited (JISL) has resulted into increasing nuclear plant construction across China which will drive the product demand over the forecast period.
North America was one of the significant regional markets for hæfnium with a share exceeding 10%. The growth can be attributed to growing superalloy usage in gas turbine engines across various industrial applications including aerospace & defense, energy generation & power generation sectors particularly in U.S.
Growth Factors:
- Increasing demand from the semiconductor and electronics industry for Hafnium-based alloys to improve performance and durability of products.
- Growing popularity of Hafnium in nuclear energy applications as a neutron absorber due to its high density and low reactivity with other materials.
- Rising demand for Hafnium in aerospace industry for manufacturing jet engine parts that are resistant to heat and corrosion.
- Increasing use of Hafnium in medical implants due to its biocompatibility properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Element Hafnium Market Research Report
By Type
High Porosity, Low Porosity
By Application
Super Alloy, Nuclear, Others
By Companies
Orano, ATI, Alkane Resources, CNNC Jinghuan, Nanjing Youtian Metal Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Element Hafnium Market Report Segments:
The global Element Hafnium market is segmented on the basis of:
Types
High Porosity, Low Porosity
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super Alloy, Nuclear, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orano
- ATI
- Alkane Resources
- CNNC Jinghuan
- Nanjing Youtian Metal Technology
Highlights of The Element Hafnium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Porosity
- Low Porosity
- By Application:
- Super Alloy
- Nuclear
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Element Hafnium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Element Hafnium is a rare earth metal that has the symbol Hf and atomic number 72. It is found in the Earth's crust in very small quantities.
Some of the major companies in the element hafnium market are Orano, ATI, Alkane Resources, CNNC Jinghuan, Nanjing Youtian Metal Technology.
The element hafnium market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Element Hafnium Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Element Hafnium Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Element Hafnium Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Element Hafnium Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Element Hafnium Market Size & Forecast, 2018-2028
4.5.1 Element Hafnium Market Size and Y-o-Y Growth
4.5.2 Element Hafnium Market Absolute $ Opportunity
Chapter 5 Global Element Hafnium Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Element Hafnium Market Size Forecast by Type
5.2.1 High Porosity
5.2.2 Low Porosity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Element Hafnium Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Element Hafnium Market Size Forecast by Applications
6.2.1 Super Alloy
6.2.2 Nuclear
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Element Hafnium Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Element Hafnium Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Element Hafnium Analysis and Forecast
9.1 Introduction
9.2 North America Element Hafnium Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Element Hafnium Market Size Forecast by Type
9.6.1 High Porosity
9.6.2 Low Porosity
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Element Hafnium Market Size Forecast by Applications
9.10.1 Super Alloy
9.10.2 Nuclear
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Element Hafnium Analysis and Forecast
10.1 Introduction
10.2 Europe Element Hafnium Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Element Hafnium Market Size Forecast by Type
10.6.1 High Porosity
10.6.2 Low Porosity
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Element Hafnium Market Size Forecast by Applications
10.10.1 Super Alloy
10.10.2 Nuclear
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Element Hafnium Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Element Hafnium Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Element Hafnium Market Size Forecast by Type
11.6.1 High Porosity
11.6.2 Low Porosity
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Element Hafnium Market Size Forecast by Applications
11.10.1 Super Alloy
11.10.2 Nuclear
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Element Hafnium Analysis and Forecast
12.1 Introduction
12.2 Latin America Element Hafnium Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Element Hafnium Market Size Forecast by Type
12.6.1 High Porosity
12.6.2 Low Porosity
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Element Hafnium Market Size Forecast by Applications
12.10.1 Super Alloy
12.10.2 Nuclear
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Element Hafnium Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Element Hafnium Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Element Hafnium Market Size Forecast by Type
13.6.1 High Porosity
13.6.2 Low Porosity
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Element Hafnium Market Size Forecast by Applications
13.10.1 Super Alloy
13.10.2 Nuclear
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Element Hafnium Market: Competitive Dashboard
14.2 Global Element Hafnium Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orano
14.3.2 ATI
14.3.3 Alkane Resources
14.3.4 CNNC Jinghuan
14.3.5 Nanjing Youtian Metal Technology
