Market Overview:
The global Hafnium Metals market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hafnium metals in high-temperature turbines, aerospace, plasma cutting inserts, plastics manufacturing, nuclear power generation and microelectronics and communications applications. Asia Pacific is expected to be the fastest growing region during the forecast period followed by Europe and North America.
Product Definition:
Hafnium is a chemical element with symbol Hf and atomic number 72. A lustrous, silvery gray, tetravalent transition metal, it is found in nature only in combined form. Hafnium is the penultimate member of the actinide series and is the most corrosion-resistant metal known. It has been used as a zirconium substitute in reactor fuel cladding because of its excellent resistance to corrosion by high-temperature neutrons; however, this application has been discontinued due to concerns over potential damage to nuclear reactors by hafnium's neutron absorption properties.
Foil:
Foil is a thin, flexible sheet of metal. It can be used in various applications such as batteries and semiconductors. The growth factor for foil is the same as that of hafnium metals - it has high melting point and low density. In comparison to hafnium metals, however, its usage factor is much higher since there are no major substitutes available on the market at present time (2019).
Lump:
Lump is a naturally occurring mineral and it's also called as baddeleyite or wollastonite. It has a hardness of 3.5-4 on Mohs scale and specific gravity of 2.7-3.2 which makes it denser than most other minerals including hafnium, zirconium, silicon carbide, calcium carbonate etc.
Application Insights:
The high-temperature turbines application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for energy from thermal power plants across various regions, including Asia Pacific, North America, and Europe on account of growing population and urbanization is expected to drive the product demand over the forecast period.
Aerospace was another prominent segment accounting for a significant market share in terms of revenue as well as volume in 2017 owing to increasing use of hf metals such as molybdenum, rhenium, tungsten and others which are essential ingredients for manufacturing aerospace grade alloys. In addition, increasing use of lightweight materials such as aluminum alloys along with wind turbines will further boost industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers in China, Japan, South Korea and India coupled with increasing demand from end-use industries such as aerospace & defense, electronics manufacturing, automotive and energy industries are some of the major factors contributing to regional growth.
The growing nuclear power generation sector coupled with rising investments by countries such as Russia for expanding their electricity generation capacities is anticipated to augment Hafnium metal demand in nuclear applications. North America region accounted for a significant share owing to high consumption levels of microelectronics components mainly used in consumer electronic products such as smartphones and laptops and other small devices manufactured by companies including Apple Inc., Samsung Electronics Co., Ltd., Sony Corporation among others which use hf metals on large scale basis.
Growth Factors:
- Increasing demand from the electronics and automotive industries for hafnium-based alloys as a substitute for traditional materials such as copper, aluminum, and steel in various applications
- Growing demand for hafnium oxide in optical devices used in fiber-optic communication systems
- Rising use of hafnium nanoparticles in biomedicine and other nanotechnology applications
- Increasing popularity of hafnium-containing dental implants and other medical implants
- Growing research interest in the potential use of hafnium compounds as catalysts for chemical processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Hafnium Metals Market Research Report
By Type
Foil, Lump, Powder, Rod, Sputtering Target, Wire
By Application
High-temperature Turbines, Aerospace, Plasma Cutting Inserts, Plastics Manufacturing, Nuclear Power Generation, Microelectronics and Communications, Others
By Companies
Orano, ATI, ACI Alloys, Yunch Titanium, LTS, AEM, American Elements, Baoji ChuangXin Metal Materials Co. Ltd (CXMET), China Nulear JingHuan Zirconium Industry, Phelly Materials, Fine Metals Corporation, Stanford Advanced Materials
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Hafnium Metals Market Report Segments:
The global Hafnium Metals market is segmented on the basis of:
Types
Foil, Lump, Powder, Rod, Sputtering Target, Wire
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
High-temperature Turbines, Aerospace, Plasma Cutting Inserts, Plastics Manufacturing, Nuclear Power Generation, Microelectronics and Communications, 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
- ACI Alloys
- Yunch Titanium
- LTS
- AEM
- American Elements
- Baoji ChuangXin Metal Materials Co. Ltd (CXMET)
- China Nulear JingHuan Zirconium Industry
- Phelly Materials
- Fine Metals Corporation
- Stanford Advanced Materials
Highlights of The Hafnium Metals 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:
- Foil
- Lump
- Powder
- Rod
- Sputtering Target
- Wire
- By Application:
- High-temperature Turbines
- Aerospace
- Plasma Cutting Inserts
- Plastics Manufacturing
- Nuclear Power Generation
- Microelectronics and Communications
- 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 Hafnium Metals 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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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?
Hafnium is a rare earth metal that has some interesting physical and chemical properties. It is a strong metal with good thermal conductivity, but it can be brittle. Hafnium also has a low reactivity, making it an ideal material for high-temperature applications such as jet engines and nuclear reactors.
Some of the key players operating in the hafnium metals market are Orano, ATI, ACI Alloys, Yunch Titanium, LTS, AEM, American Elements, Baoji ChuangXin Metal Materials Co. Ltd (CXMET), China Nulear JingHuan Zirconium Industry, Phelly Materials, Fine Metals Corporation, Stanford Advanced Materials.
The hafnium metals market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hafnium Metals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hafnium Metals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hafnium Metals Market - Supply Chain
4.5. Global Hafnium Metals Market Forecast
4.5.1. Hafnium Metals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hafnium Metals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hafnium Metals Market Absolute $ Opportunity
5. Global Hafnium Metals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hafnium Metals Market Size and Volume Forecast by Type
5.3.1. Foil
5.3.2. Lump
5.3.3. Powder
5.3.4. Rod
5.3.5. Sputtering Target
5.3.6. Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hafnium Metals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hafnium Metals Market Size and Volume Forecast by Application
6.3.1. High-temperature Turbines
6.3.2. Aerospace
6.3.3. Plasma Cutting Inserts
6.3.4. Plastics Manufacturing
6.3.5. Nuclear Power Generation
6.3.6. Microelectronics and Communications
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hafnium Metals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hafnium Metals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hafnium Metals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hafnium Metals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hafnium Metals Demand Share Forecast, 2019-2026
9. North America Hafnium Metals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hafnium Metals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hafnium Metals Market Size and Volume Forecast by Application
9.4.1. High-temperature Turbines
9.4.2. Aerospace
9.4.3. Plasma Cutting Inserts
9.4.4. Plastics Manufacturing
9.4.5. Nuclear Power Generation
9.4.6. Microelectronics and Communications
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hafnium Metals Market Size and Volume Forecast by Type
9.7.1. Foil
9.7.2. Lump
9.7.3. Powder
9.7.4. Rod
9.7.5. Sputtering Target
9.7.6. Wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hafnium Metals Demand Share Forecast, 2019-2026
10. Latin America Hafnium Metals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hafnium Metals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hafnium Metals Market Size and Volume Forecast by Application
10.4.1. High-temperature Turbines
10.4.2. Aerospace
10.4.3. Plasma Cutting Inserts
10.4.4. Plastics Manufacturing
10.4.5. Nuclear Power Generation
10.4.6. Microelectronics and Communications
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hafnium Metals Market Size and Volume Forecast by Type
10.7.1. Foil
10.7.2. Lump
10.7.3. Powder
10.7.4. Rod
10.7.5. Sputtering Target
10.7.6. Wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hafnium Metals Demand Share Forecast, 2019-2026
11. Europe Hafnium Metals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hafnium Metals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hafnium Metals Market Size and Volume Forecast by Application
11.4.1. High-temperature Turbines
11.4.2. Aerospace
11.4.3. Plasma Cutting Inserts
11.4.4. Plastics Manufacturing
11.4.5. Nuclear Power Generation
11.4.6. Microelectronics and Communications
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hafnium Metals Market Size and Volume Forecast by Type
11.7.1. Foil
11.7.2. Lump
11.7.3. Powder
11.7.4. Rod
11.7.5. Sputtering Target
11.7.6. Wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hafnium Metals Demand Share, 2019-2026
12. Asia Pacific Hafnium Metals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hafnium Metals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hafnium Metals Market Size and Volume Forecast by Application
12.4.1. High-temperature Turbines
12.4.2. Aerospace
12.4.3. Plasma Cutting Inserts
12.4.4. Plastics Manufacturing
12.4.5. Nuclear Power Generation
12.4.6. Microelectronics and Communications
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hafnium Metals Market Size and Volume Forecast by Type
12.7.1. Foil
12.7.2. Lump
12.7.3. Powder
12.7.4. Rod
12.7.5. Sputtering Target
12.7.6. Wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hafnium Metals Demand Share, 2019-2026
13. Middle East & Africa Hafnium Metals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hafnium Metals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hafnium Metals Market Size and Volume Forecast by Application
13.4.1. High-temperature Turbines
13.4.2. Aerospace
13.4.3. Plasma Cutting Inserts
13.4.4. Plastics Manufacturing
13.4.5. Nuclear Power Generation
13.4.6. Microelectronics and Communications
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hafnium Metals Market Size and Volume Forecast by Type
13.7.1. Foil
13.7.2. Lump
13.7.3. Powder
13.7.4. Rod
13.7.5. Sputtering Target
13.7.6. Wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hafnium Metals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hafnium Metals Market: Market Share Analysis
14.2. Hafnium Metals Distributors and Customers
14.3. Hafnium Metals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Orano
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ATI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ACI Alloys
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yunch Titanium
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LTS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AEM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. American Elements
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baoji ChuangXin Metal Materials Co. Ltd (CXMET)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. China Nulear JingHuan Zirconium Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Phelly Materials
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fine Metals Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Stanford Advanced Materials
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
