Tantalum metal is bluish grey in color. It has a high melting point which can be increased by Tungsten, Carbon, Rhenium, and Osmium. The Tantalum element can be seen in minerals like Coltan, Columbite, and Tantalite. Tantalum is mainly derived from hard rock mines. It can be found in tin slags and artisanal mines. The Ta material is resistant to corrosion. The Tantalum Market has applications in the electronics industry, where it is used to manufacture capacitors and high power resistors. The chemical inertness of Tantalum is the reason for its use as a substitute in place of Platinum. It is used in laboratory equipments. Tantalum Oxide is used in camera lenses and X ray equipment. Tantalum Chloride is applied in the production of cutting tools.
Scope & Regional Forecast of the Tantalum Market
The Tantalum Market is augmented by factors like high demand for Tantalite ore for manufacturing electronic equipment and gadgets, aviation and aerospace industries. Growing demand for the Tantalum powder in super alloys will also be an advantage for the industry. But changing prices of the Tantalum ores and insufficient balance in regions are inhibitors for the market.
Rising activities of mining will create growth opportunities for Tatanlum powder. Tantalum is used in Chemical Refining, Electrolysis, Fabrication, and Metal working. Central Africa has a high demand for Tantalum production. South America countries like Brazil and Argentina are also the main hubs for Tantalite mining process.
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The growing penetration of smartphones boosts the demand for capacitors, which creates growth prospects for the market. The telecommunication sector is also responsible for the industry growth due to demand for low voltage capacitors. The electronics segment will be the largest revenue generator due to demand of Tantalum for production of capacitors and high power resistors. Automotive electronics, portable telephones, and personal computers make use of this element.
Segmentations & Key Players Involved in the Tantalum Market
The Tantalum Market can be broken down into various segments as follows:
- Region- North America, Europe and Asia.
Some of the key players involved in the Tantalum Market are as follows:
- Talison Minerals Pty Ltd
- Cabot Corp
- China Minmetals Corp
- Ethiopia Mineral Development Share Company
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