According to industry analysis by Persistence Market Research, the Global Tantalum Carbide Coatings Market for Graphite is expected to grow at a healthy CAGR of around 5% during the forecast period 2021-2031.
The growing demand for tantalum in various industrial sectors such as semiconductors and electronics, aerospace and aviation is one of the major driving factors for the growth of the market. Tantalum consumption is dominated by capacitors in electronic equipment.
Capacitors are electrical components that store energy electrostatically in an electric field and are used in a wide variety of electrical and electronic products. Capacitors are an essential part of almost all electronic products, ranging from smartphones to home appliances, electronic systems in cars and wind turbines that generate electricity. As such, the demand for tantalum carbide coatings for graphite is steadily increasing.
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Key points of the market research
The growing demand for tantalum coatings from the semiconductor and electronics industry is expected to propel the market growth during the assessment period.
Tantalum carbide coatings are widely used due to their properties and advantages such as excellent wear and abrasion resistance, corrosion, oxidation and erosion, thermal shock resistance , superior flatness ability, electrical conductivity, etc.
There has been an increasing use of chemical vapor deposition (CVD) in industries for coating applications.
Tantalum coatings are made from an extremely hard refractory ceramic material and having metallic electrical conductivity. Tantalum carbides have one of the highest melting points among binary compounds, peaking at around 3880 ° C depending on purity.
The demand for tantalum coatings from various industries has grown rapidly. In addition, the need for tantalum carbide coatings has grown steadily in recent years for related applications, especially in countries such as Taiwan, South Korea, and China.
The market in Japan, South Korea and Taiwan is expected to grow at CAGRs of 3.9%, 4.9% and 5.1%, respectively.
Due to the COVID-19 pandemic, industrial activities have been affected. In 2020, the market experienced a decline in growth. However, with a gradual increase in activities in all sectors, growth in 2021 has increased slightly.
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“Globally, Taiwan has remained relatively insulated from the pandemic situation created by COVID-19 and has maintained its growth. End-use industries such as semiconductors and electronics are expected to experience significant growth, which would be a strong propeller for the demand for tantalum carbide coatings for graphite “, says a Persistence Market Research analyst.
The global tantalum carbide coatings for graphite market has been identified as a significantly fragmented market with the organized sector occupying a significant portion of the overall industry.
Some of the major players included in the report are Bay Carbon Inc., Toyo Tanso Co., Ltd., Nanoshel LLC, Momentive Performance Materials, Materion Advanced Chemicals, Hunan WISE New Material Technology Co., Ltd., American Elements, CGT Carbon GmbH and Pacific Particulate Materials (PPM) Ltd., which are expected to create a tough competitive environment globally.
The demand for tantalum carbide coatings for graphite is expected to increase dramatically due to the increasing demand from the semiconductor and electronics industry, due to the increasing demand for consumer electronics across the world.
Demand is increasing due to the excellent properties of tantalum coatings. These tantalum based coating films have high thermal stability, high conductivity, as well as excellent corrosion which is very resistant to foreign atoms, thus boosting demand.
More valuable information
Persistence Market Research, a research and consultancy firm, has released a market research report on the Tantalum Carbide Coating for Graphite Market that contains a 2016-2020 Global Industry Analysis and Assessment of opportunities for 2021-2031.
The report provides in-depth analysis of the market across different segments namely coating method, application, and region. The report also provides supply and demand
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About Persistence Market Research – Chemicals and Materials
The Chemicals and Materials division of Persistence Market Research offers a distinct and accurate analysis on the chemicals and materials industry. Chemical coverage spans from commodities, bulk, specialties and petrochemicals to advanced materials, composites and nanotechnology, in particular with a particular focus on “green alternatives”, recycling and the developments of renewable technologies, supply-demand-trade assessment.
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