The tantalum market has surged from USD 2.8 billion in 2019 to USD 3.6 billion in 2024, driven by the electronics sector's insatiable demand for high-performance capacitors. With the rise of 5G, AI, and electric vehicles, tantalum's ability to store three times more charge than alternatives positions it for accelerated 8.4% CAGR growth to USD 6.3 billion by 2031. The market faces a critical juncture as geopolitical tensions disrupt 42% of supply from Central Africa, while new mining technologies in Canada and Australia promise to reshape the supply chain.
Key Data Points
|
Parameter |
2019 |
2024 |
2031 (Projected) |
|
Market Size |
USD 2.8B |
USD 3.6B |
USD 6.3B |
|
Electronics Share |
68% |
72% |
79% |
|
Average Price/kg |
USD 320 |
USD 385 |
USD 420 |
|
Supply Deficit |
-3% |
-12% |
-8% |
Enhanced Research Content
Market Drivers
Competitive Landscape
|
Company |
Market Share |
Strategic Move |
|
Global Advanced Metals |
28% |
USD 200M Australian expansion |
|
AMG Brazil |
22% |
Vertical integration into capacitors |
|
Ningxia Orient Tantalum |
18% |
China's domestic supply push |
Recent Developments:
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