Market Overview:
The global tantalum and tantalum alloy bar market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for tantalum and its alloys from various end-use industries, such as medical, superconducting industry, chemical industry, aerospace industry and others. In terms of volume, the global tantalum and tantalum alloy bar market is projected to reach 1,521 KT by 2030. Based on type, the global Tantalum Bar Market is segmented into pure Ta (99.9%), Ta-2W (97%Ta), Ta-10W (90%Ta) and others. Among these types, pure Ta (99.9%) held a dominant position in 2017 and is expected to maintain its dominance throughout the forecast period as well On account of superior properties offered by pure ta over other types including high melting point (>3100°C), good electrical conductivity (~55 MS/m) low thermal expansion coefficient (~0.2 × 10−6/K) etc., it finds extensive applications in various end-use industries such as medical implants & prostheses fabrication & surgical instruments production; superconducting magnets; electronic components; chemical processing equipment etc.
Product Definition:
tantalum - a rare, silver-white, metallic element that is very corrosion resistant and is used in electronic equipment.
Tantalum Bar:
Tantalum is a lustrous, hard, blue-gray transition metal with excellent corrosion resistance. It is normally found in mineral groups, such as coltan (tantalite) and tin (Sn). The product finds application in consumer goods industry owing to its superior properties including high strength and hardness.
The global tantalum bar market size was valued at USD 648.1 million in 2016 and is expected to grow at a CAGR of 8.
Tantalum Alloy Bar:
Tantalum is a lustrous, hard, blue-gray transition metal with excellent corrosion and magnetic properties. It is normally found in mineral groups, such as coltan (tantalite) and columbite. Columbite has the highest content of the element; it contains nearly 100% of the element by weight.
Application Insights:
The chemical industry application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The chemical industry has been one of the major consumers of bar products due to their high strength and low melting point. They are also used as a refractory material in various industries such as cement, ceramics, construction materials, automotive components and appliances.
The superconducting industry application segment is expected to witness significant growth over the forecast period owing to increasing demand for superconductive wire from power generation plants across China, Japan & South Korea coupled with growing research activities on new types of conductors for power lines at a molecular level. This is anticipated to increase product demand in this sector significantly during future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as medical, chemical, aerospace & defense, power generation and others. China is estimated to remain a key consumer in Asia Pacific due to large production base of Tantalum there coupled with high demand from various end-use sectors.
The U.S., being one of the major producers of tantalum reserves has witnessed healthy growth in manufacturing sector since past few years owing to which product consumption has increased significantly across North America region on account of growing electronics industry backed by strong macroeconomic conditions including low unemployment rate and increasing disposable income among consumers along with steady GDP growth rates within countries’ borders.
Growth Factors:
- Increasing demand from the electronics industry for tantalum and tantalum alloy bar due to its properties such as heat resistance, corrosion resistance and non-magnetic nature.
- Rising demand for medical implants made of tantalum and tantalum alloy bar due to their biocompatibility.
- Growing use of tantalum in the automotive industry as a component in spark plugs, fuel injectors and other engine parts owing to its superior properties such as heat resistance and strength.
- Increasing investment by manufacturers in research & development activities to develop new applications for tantalum and tantalum alloy bar products. This is likely to boost the market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tantalum and Tantalum Alloy Bar Market Research Report
By Type
Tantalum Bar, Tantalum Alloy Bar
By Application
Medical, Superconducting Industry, Chemical, Aerospace Industry, Others
By Companies
Nippon Titanium Metal, Rexton Steel, Ningxia Orient Tantalum, Western Alloys, Savoy Piping Inc, Plansee SE, Mitsubishi Corporation RtM Japan Ltd., Solar Applied Material, Zhuzhou Teyou New Material, Baoji Litai Nonferrous Metal, China Nonferrous Metal Mining, Shaanxi Tuofangming Metal, Shaanxi Xinbaoying Metal, ATTL Advanced Materials Co., Ltd.
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Tantalum and Tantalum Alloy Bar Market Report Segments:
The global Tantalum and Tantalum Alloy Bar market is segmented on the basis of:
Types
Tantalum Bar, Tantalum Alloy Bar
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
Medical, Superconducting Industry, Chemical, Aerospace Industry, 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:
- Nippon Titanium Metal
- Rexton Steel
- Ningxia Orient Tantalum
- Western Alloys
- Savoy Piping Inc
- Plansee SE
- Mitsubishi Corporation RtM Japan Ltd.
- Solar Applied Material
- Zhuzhou Teyou New Material
- Baoji Litai Nonferrous Metal
- China Nonferrous Metal Mining
- Shaanxi Tuofangming Metal
- Shaanxi Xinbaoying Metal
- ATTL Advanced Materials Co., Ltd.
Highlights of The Tantalum and Tantalum Alloy Bar 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:
- Tantalum Bar
- Tantalum Alloy Bar
- By Application:
- Medical
- Superconducting Industry
- Chemical
- Aerospace Industry
- 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 Tantalum and Tantalum Alloy Bar 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
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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?
Tantalum is a rare, silver-white metal that has the highest thermal conductivity of any element. Tantalum alloy bars are made from a variety of Tantalum alloys and are used in applications where high thermal conductivity is required, such as heat sinks and cooling fans.
Some of the major companies in the tantalum and tantalum alloy bar market are Nippon Titanium Metal, Rexton Steel, Ningxia Orient Tantalum, Western Alloys, Savoy Piping Inc, Plansee SE, Mitsubishi Corporation RtM Japan Ltd., Solar Applied Material, Zhuzhou Teyou New Material, Baoji Litai Nonferrous Metal, China Nonferrous Metal Mining, Shaanxi Tuofangming Metal, Shaanxi Xinbaoying Metal, ATTL Advanced Materials Co., Ltd..
The tantalum and tantalum alloy bar market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size & Forecast, 2018-2028
4.5.1 Tantalum and Tantalum Alloy Bar Market Size and Y-o-Y Growth
4.5.2 Tantalum and Tantalum Alloy Bar Market Absolute $ Opportunity
Chapter 5 Global Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
5.2.1 Tantalum Bar
5.2.2 Tantalum Alloy Bar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Superconducting Industry
6.2.3 Chemical
6.2.4 Aerospace Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Analysis and Forecast
9.1 Introduction
9.2 North America Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
9.6.1 Tantalum Bar
9.6.2 Tantalum Alloy Bar
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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Superconducting Industry
9.10.3 Chemical
9.10.4 Aerospace Industry
9.10.5 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 Tantalum and Tantalum Alloy Bar Analysis and Forecast
10.1 Introduction
10.2 Europe Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
10.6.1 Tantalum Bar
10.6.2 Tantalum Alloy Bar
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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Superconducting Industry
10.10.3 Chemical
10.10.4 Aerospace Industry
10.10.5 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 Tantalum and Tantalum Alloy Bar Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
11.6.1 Tantalum Bar
11.6.2 Tantalum Alloy Bar
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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Superconducting Industry
11.10.3 Chemical
11.10.4 Aerospace Industry
11.10.5 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 Tantalum and Tantalum Alloy Bar Analysis and Forecast
12.1 Introduction
12.2 Latin America Tantalum and Tantalum Alloy Bar 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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
12.6.1 Tantalum Bar
12.6.2 Tantalum Alloy Bar
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 Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Superconducting Industry
12.10.3 Chemical
12.10.4 Aerospace Industry
12.10.5 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) Tantalum and Tantalum Alloy Bar Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tantalum and Tantalum Alloy Bar 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) Tantalum and Tantalum Alloy Bar Market Size Forecast by Type
13.6.1 Tantalum Bar
13.6.2 Tantalum Alloy Bar
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) Tantalum and Tantalum Alloy Bar Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Superconducting Industry
13.10.3 Chemical
13.10.4 Aerospace Industry
13.10.5 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 Tantalum and Tantalum Alloy Bar Market: Competitive Dashboard
14.2 Global Tantalum and Tantalum Alloy Bar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nippon Titanium Metal
14.3.2 Rexton Steel
14.3.3 Ningxia Orient Tantalum
14.3.4 Western Alloys
14.3.5 Savoy Piping Inc
14.3.6 Plansee SE
14.3.7 Mitsubishi Corporation RtM Japan Ltd.
14.3.8 Solar Applied Material
14.3.9 Zhuzhou Teyou New Material
14.3.10 Baoji Litai Nonferrous Metal
14.3.11 China Nonferrous Metal Mining
14.3.12 Shaanxi Tuofangming Metal
14.3.13 Shaanxi Xinbaoying Metal
14.3.14 ATTL Advanced Materials Co., Ltd.
