Tantalum Pentoxide Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis
Global Tantalum Pentoxide Market: Overview
Tantalum pentoxide (Ta2O5) is used in the manufacture of lithium tantalate single crystals. These single crystals are cut into wafers and are used as substrates in the production of surface sound wave filters (SAW filters). These sound wave filters made from lithium tantalate are used in mobile end devices including smartphones, tablet PCs, and ultrabooks. They are also used in GPS connectivity applications and smart meters. They ensure accurate frequency control, optimized selectivity, and low falsification in these devices.
Global Tantalum Pentoxide Market: Key Players
Key players operating in the global tantalum pentoxide market are H.C. Starck, Stanford Advanced Materials, Materion Corporation, MPIL, Guangdong Lingguang New Material, Iwatani Corporation, and MITSUI KINZOKU.
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Global Tantalum Pentoxide Market: Regional Outlook
Based on region, the global tantalum pentoxide market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a major region of the global tantalum pentoxide market, owing to the presence of regulations on the adoption of tantalum pentoxide in electronics applications in the U.S. This, in turn, is propelling the demand for tantalum pentoxide in the region.
The market in Europe market is anticipated to expand at a rapid pace during the forecast period, followed by that in North America. Supportive regulatory framework of governments of countries in Europe toward the adoption of tantalum pentoxide is propelling the market in Europe. The tantalum pentoxide market in Middle East & Africa and Latin America is projected to expand at a moderate pace in the near future, due to the presence of developing economies in these regions.
Global Tantalum Pentoxide Market: Key Segments
The global tantalum pentoxide market can be segmented based on product type, application, and region. In terms of product type, the market can be divided into piezoelectric body grade, optical glass grade, and single crystal grade. The optical glass grade segment is anticipated to dominate the market due to the extensive application of tantalum pentoxide in electronics.
In terms of application, the tantalum pentoxide market can be divided into electronic applications, lithium tantalate single crystals, sputtering targets, and others. Tantalums are widely used in the electronics industry. The electronics market is moving toward greater miniaturization. Thus, the tantalum capacitor is favored for space-sensitive and applications such as telecommunications and data storage.
Global Tantalum Pentoxide Market: Trends & Developments
Demand for tantalum pentoxide has been increasing due to the electronic revolution in end-user industries, growth of the service sector, and continuous R&D of new consumer electronics, worldwide, has extremely increased the demand for electronic devices and appliances around the world. Tantalum pentoxide capacitors have the highest capacitance per unit volume are extensively in miniaturized electrical circuitry. As the market moves to greater miniaturization, tantalum pentoxide capacitor are used increasingly in space-sensitive and high-end applications in telecommunications, data storage, and implantable medical devices.
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Currently, tantalum pentoxide account for just 1% of the industrial dielectric capacitors market. These capacitors are found in a wide range of applications such as bulk energy storage, filtering, and decoupling. These tantalum capacitors are commonly found in products such as wireless devices, LCD monitors, DVD players, cell phones, personal computers, digital cameras, gaming platforms, telephone switchboards, and computer networks, owing to their unequalled capacity to store and release electrical charges. However, the demand for industrial electronics is rising more than that for consumer electronics.
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