Tantalum Market Size

Statistics for the 2023 & 2024 Tantalum market size, created by Mordor Intelligence™ Industry Reports. Tantalum size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Tantalum Industry

Tantalum Market Summary
Study Period 2019 - 2029
Market Volume (2024) 2.46 kilotons
Market Volume (2029) 3.18 kilotons
CAGR (2024 - 2029) 5.26 %
Fastest Growing Market North America
Largest Market Asia-Pacific

Major Players

Tantalum Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Tantalum Market Analysis

The Tantalum Market size is estimated at 2.46 kilotons in 2024, and is expected to reach 3.18 kilotons by 2029, growing at a CAGR of 5.26% during the forecast period (2024-2029).

The COVID-19 pandemic hurt the tantalum market globally as end-user industries were significantly affected. However, growth in the electrical segment is improving in the industry, which will assist the market development. The tantalum market has recovered from the pandemic and is growing significantly.

  • Over the short term, the growth of the electrical and electronic industry and the extensive usage of tantalum alloys in aviation and gas turbines are projected to fuel market growth throughout the forecast period.
  • Replacing solid capacitors with polymer tantalum capacitors is expected to act as an opportunity for the studied market.
  • On the flip side, the harmful effects of tantalum and the decrease in demand from end-user industries are hindering the market's growth.
  • Asia-Pacific dominates the market across the world, with the largest consumption from countries such as China and South Korea.

Tantalum Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)