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Swift technological developments and the advent of cutting-edge technologies have propelled the demand for electronic devices in recent years. Smartphones, TVs, laptops, and other such product adoption is exponentially increasing as technological evolution accelerates. As a result, the demand for tantalum pentoxide has been proliferating. Tantalum pentoxide is a chemically synthesized substance that is highly utilized in semiconductor chipset production. Its structure and purity offer exemplary durability and resistance properties. It is used for making optical modulators, piezoelectric sensors, optical glass, optical fiber, and mobile phones. It improves product performance, which is a major factor that boosts its adoption.
The coronavirus pandemic aided the expansion of the electronics industry as digitalization tremendously increased across the world. However, semiconductor shortages and shutdown of production facilities resulted in a decline in demand for tantalum pentoxide. The hindrances in global trade due to strict lockdowns aggravated the situation. Nonetheless, easing of lockdown restriction is resuming operations across the industry and surging the product demand. As per Business Research Insights, the global tantalum pentoxide market is likely to register a CAGR of 8.21% over the forecast period. The rising chipset demand in devices, such as tablets, PCs, laptops, TVs, smartphones, and others, is expected to proliferate the industry growth in the coming years.
Business Research Insights Identifies the Following as the Top 10 Leading Companies in the Tantalum Pentoxide Industry-
1. AMG
AMG or Advanced Metallurgical Group NV is a supplier of critical materials and manufactures highly engineered specialty minerals and metal products. It also offers related vacuum furnace systems and services to energy & specialty metals, infrastructure, and transportation sectors. The company has nearly 3,300 employees and operates across France, the U.K., India, Mexico, China, Brazil, Mozambique, Sri Lanka, and the U.S.
2. Materion
This multinational corporation has its headquarters located in Mayfield Heights, the U.S., and was founded in 1931. The company specializes in high-performance engineered materials. Its product offerings include beryllium, specialty coating, inorganic chemicals, plated metal systems, non-precious and precious metals, ceramics, and others. Its products are used across automotive, aerospace, medical, telecommunications, optical coatings, electronics, defense, and industrial components industries.
3. Taki Chemical
Headquartered in Kakogawa, Hyogo, Japan, and founded in 1885, the company engages in the business of construction materials, chemicals, agriculture, electronics, and others. It sells gypsum boards, phosphate fertilizers, water treatment chemicals, and other products.
4. Mitsui Kinzoku
This industrial or mechanical engineering company is headquartered in Yokohama, Kanagawa Prefecture, Japan. It offers the development, production, and marketing of functional automotive parts. It is a part of the Mitsui Group, which was founded in 1876 by Mitsui Takatoshi. The company has close ties with some major companies, including Komatsu, BHP, Columbia Asia, Rio Tinto, Sony, Yamaha, Yanmar, and others.
5. Ximei Group
This Chinese company is a leading provider of tantalum and niobium-based metallurgical products. It manufactures potassium heptaflurotantalate, niobium pentoxide, and tantalum pentoxide. The company also sells niobium powder, tantalum carbide, tantalum bars, niobium powder, and other such processed products. The products are used across chemical, aerospace, defense, high-end electronics, special alloys, and electronic ceramic industries.
The mushrooming demand for electronic devices is likely to boost the product demand in the coming years. The expansion of the electronics industry is anticipated to be a vital factor escalating the growth of the tantalum pentoxide industry. The increasing acquisitions, mergers, contracts, and other such strategy adoptions by major industry players are likely to strengthen the industry’s development. Further, the increasing semiconductor and chipset production is projected to surge the product demand exponentially. The improving income levels are further anticipated to complement the industry’s expansion. Moreover, increasing investments across the electronics industry and high product demand from healthcare, automotive, research, and education sectors are likely to boost the industry growth in the coming years. Therefore, the increasing innovation and technological developments are likely to foster the industry’s expansion.