Product Code: ETC083028 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Tantalum market currently, in 2023, has witnessed an HHI of 8329, Which has increased substantially as compared to the HHI of 7337 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines tantalum market size was valued at USD 16 million in 2018 and is expected to register a CAGR of 9% on account of increasing adoption by automotive industry as well as electronics sector due its excellent mechanical strength combined with corrosion resistance properties. Increasing usage in defense applications such as missiles, aircrafts, tanks along with growing global military expenditure are further likely to propel industry growth over the next six years. Furthermore, government initiatives related to technology upgradation coupled with rising research & development activities pertaining towards new materials are also expected to impel product penetration throughout various end-use sectors thereby driving overall business landscape.
The drivers of the Philippines Tantalum Market include the increasing demand for tantalum in the electronics industry, particularly for capacitors used in smartphones, laptops, and other electronic devices. Additionally, the growing adoption of tantalum in the medical sector for implants and surgical instruments contributes to market growth. Furthermore, the aerospace industry`s requirement for tantalum in aircraft components and the rising use of tantalum in chemical processing applications further boost the market`s expansion.
In the Philippines Tantalum Market, one of the significant challenges is the limited availability of tantalum ore and its extraction. Tantalum is a rare metal, and finding viable sources for mining can be challenging, which affects the overall supply of tantalum in the market. Additionally, the geopolitical situation in some of the countries where tantalum is sourced may lead to disruptions in supply chains and impact the market`s stability.
The COVID-19 pandemic had a significant impact on various markets in the Philippines, including the Tantalum Market. With disruptions in global supply chains and reduced manufacturing activities, the demand for tantalum, which is used in electronics and aerospace industries, experienced fluctuations during the pandemic. Uncertainty in the market and limited consumer spending further affected the overall growth of the tantalum market in the country.
In the Philippines Tantalum Market, key players include companies such as H.C. Starck Tantalum and Niobium GmbH, Global Advanced Metals, and Ningxia Orient Tantalum Industry Co., Ltd. These companies are major suppliers of tantalum products, used in the electronics, aerospace, and medical industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Tantalum Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Tantalum Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Tantalum Market - Industry Life Cycle |
3.4 Philippines Tantalum Market - Porter's Five Forces |
3.5 Philippines Tantalum Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Philippines Tantalum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Tantalum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Tantalum Market Trends |
6 Philippines Tantalum Market, By Types |
6.1 Philippines Tantalum Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Philippines Tantalum Market Revenues & Volume, By Product Form, 2018 - 2031F |
6.1.3 Philippines Tantalum Market Revenues & Volume, By Metal, 2018 - 2031F |
6.1.4 Philippines Tantalum Market Revenues & Volume, By Carbide, 2018 - 2031F |
6.1.5 Philippines Tantalum Market Revenues & Volume, By Powder, 2018 - 2031F |
6.1.6 Philippines Tantalum Market Revenues & Volume, By Alloys, 2018 - 2031F |
6.1.7 Philippines Tantalum Market Revenues & Volume, By Other Product Forms, 2018 - 2031F |
6.2 Philippines Tantalum Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Tantalum Market Revenues & Volume, By Capacitors, 2018 - 2031F |
6.2.3 Philippines Tantalum Market Revenues & Volume, By Semiconductors, 2018 - 2031F |
6.2.4 Philippines Tantalum Market Revenues & Volume, By Engine Turbine Blades, 2018 - 2031F |
6.2.5 Philippines Tantalum Market Revenues & Volume, By Chemical processing equipment, 2018 - 2031F |
6.2.6 Philippines Tantalum Market Revenues & Volume, By Medical Equipment, 2018 - 2031F |
6.2.7 Philippines Tantalum Market Revenues & Volume, By Other Applications, 2018 - 2031F |
7 Philippines Tantalum Market Import-Export Trade Statistics |
7.1 Philippines Tantalum Market Export to Major Countries |
7.2 Philippines Tantalum Market Imports from Major Countries |
8 Philippines Tantalum Market Key Performance Indicators |
9 Philippines Tantalum Market - Opportunity Assessment |
9.1 Philippines Tantalum Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Philippines Tantalum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Tantalum Market - Competitive Landscape |
10.1 Philippines Tantalum Market Revenue Share, By Companies, 2024 |
10.2 Philippines Tantalum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |