Portland, OR -- (SBWIRE) -- 06/29/2017 -- Tantalum is a transition metal that has high melting point and capable of resisting high corrosion. It is a lustrous and blue gray chemical element that is very rare to find. Tantalum is generally derived from hard rock mines; it can also be found in artisanak mines, tin slag and in minerals such as tantalite, columbite and coltan. Due to chemical inertness, tantalum is used as a substitute for platinum and has a wide range of application in laboratory equipment, electronic equipment, medical devices, manufacturing of super alloys, etc. Tantalum has many applications in electronics industry as it can manufacture high power resistors and high end capacitors. Tantalum oxide is also used in X-ray equipment and camera lenses. In addition, tantalum chloride is used in the production of cutting tools.

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The growth of the tantalum market is driven by the factors such as high demand for tantalum in manufacturing electronic equipment and gadgets, rising industries such as aviation and aerospace. High demand for tantalum wire/ powder in super alloys is also contributing to the growth of the tantalum market. However, fluctuating price of the tantalum ores and imbalance of the demand supply in some of the regions such as Central Africa are some of the factors that are hampering the growth of the market. Long term agreements of supply and rising activities of mining are expected to create lot of opportunities for the growth of the market.

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KEY DELIVERABLES

Tantalum Market Analysis is segmented on the basis of product, application and geographies.

MARKET BY PRODUCT
- Chemical Refining
- Electrolysis
- Fabrication and Metalworking

MARKET BY APPLICATION
- Electronics
- Alloys
- Other Uses (Watches, Orthopedic Implants, Medical devices, etc)

MARKET BY GEOGRAPHY
- North America
- Europe
- Asia Pacific
- RoW