Tantalum Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Tantalum Manufacturers and Production by Country and the Market is segmented by Product (Metal, Carbide, Powder, Alloys, and Other Product Forms), Application (Capacitors, Semiconductors, Engine Turbine Blades, Chemical Processing Equipment, Medical Equipment, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report offers market size and forecasts for tantalum in terms of volume (tons) for all the above segments.

Tantalum Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Tantalum Market Size

Tantalum Market Summary
Study Period 2019 - 2030
Market Volume (2025) 2.59 kilotons
Market Volume (2030) 3.35 kilotons
CAGR 5.26 %
Fastest Growing Market North America
Largest Market Asia-Pacific
Market Concentration Medium

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 2.59 kilotons in 2025, and is expected to reach 3.35 kilotons by 2030, at a CAGR of 5.26% during the forecast period (2025-2030).

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 Industry Overview

The tantalum market is partially consolidated in terms of tantalum mining companies. The major companies (not in a particular order) include Global Advanced Metals Pty Ltd, AMG Advanced Metallurgical Group NV, Pilbara Minerals, Alliance Mineral Assets Limited, and Minsur (Mining Taboca).

Tantalum Market Leaders

  1. Global Advanced Metals Pty Ltd

  2. Pilbara Minerals

  3. Alliance Mineral Assets Limited.

  4. AMG Advanced Metallurgical Group N.V.

  5. Minsur (Mining Taboca)

  6. *Disclaimer: Major Players sorted in no particular order
Tantalum Market Concentration
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Tantalum Market News

  • In March 2022, TANIOBIS GmbH invested a total of EUR 28 million (~USD 29.77 million) in augmenting facilities for the manufacture of functional tantalum powder ('the Product') at its Map Ta Phut plant in Thailand and significantly increased its production capacity for the product.
  • In July 2021, Tantalex Resources Corporation announced that it entered a binding LOI with MINOR SARL to expand its land package in the prolific Manono lithium, tin, and tantalum hub with an earn-in option agreement to acquire the entirety of the dumps located on PER 13698. This brought the total resource volume on the permit between 60Mt to 80Mt, with an estimated grade ranging between 0.5 to 1% Li2O.
  • In May 2021, Pilbara Minerals planned to form a joint venture with tech company Calix to examine the development of a midstream lithium chemicals refinery at the Pilgangoora lithium-tantalum operation in Western Australia.

Tantalum Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from the Electrical and Electronics Industry
    • 4.1.2 Extensive Usage of Tantalum Alloys in Aviation and Gas Turbines
  • 4.2 Restraints
    • 4.2.1 Harmful Effects of Tantalum and Decrease in Demand from End-user Industries
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Import-Export Trends
  • 4.6 Technological Snapshot
  • 4.7 Price Index
  • 4.8 Regulatory Policy Analysis

5. MARKET SEGMENTATION (Market Size by Volume)

  • 5.1 Product
    • 5.1.1 Metal
    • 5.1.2 Carbide
    • 5.1.3 Powder
    • 5.1.4 Alloys
    • 5.1.5 Other Product Forms
  • 5.2 Application
    • 5.2.1 Capacitors
    • 5.2.2 Semiconductors
    • 5.2.3 Engine Turbine Blades
    • 5.2.4 Chemical Processing Equipment
    • 5.2.5 Medical Equipment
    • 5.2.6 Other Applications (includes Ballistics, Cutting Tools, Optical Applications)
  • 5.3 Geography
    • 5.3.1 Production Analysis
    • 5.3.1.1 United States
    • 5.3.1.2 Australia
    • 5.3.1.3 Brazil
    • 5.3.1.4 China
    • 5.3.1.5 Congo
    • 5.3.1.6 Ethiopia
    • 5.3.1.7 Nigeria
    • 5.3.1.8 Rwanda
    • 5.3.1.9 Other Countries
    • 5.3.2 Consumption Analysis
    • 5.3.2.1 Asia-Pacific
    • 5.3.2.1.1 China
    • 5.3.2.1.2 India
    • 5.3.2.1.3 Japan
    • 5.3.2.1.4 South Korea
    • 5.3.2.1.5 Rest of Asia-Pacific
    • 5.3.2.2 North America
    • 5.3.2.2.1 United States
    • 5.3.2.2.2 Canada
    • 5.3.2.2.3 Mexico
    • 5.3.2.3 Europe
    • 5.3.2.3.1 Germany
    • 5.3.2.3.2 United Kingdom
    • 5.3.2.3.3 Italy
    • 5.3.2.3.4 France
    • 5.3.2.3.5 Rest of Europe
    • 5.3.2.4 South America
    • 5.3.2.4.1 Brazil
    • 5.3.2.4.2 Argentina
    • 5.3.2.4.3 Rest of South America
    • 5.3.2.5 Middle-East and Africa
    • 5.3.2.5.1 Saudi Arabia
    • 5.3.2.5.2 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles (Overview, Financials, Products and Services, and Recent Developments)
    • 6.4.1 AMG Advanced Metallurgical Group NV
    • 6.4.2 Alliance Mineral Assets Limited
    • 6.4.3 China Minmetals Corporation
    • 6.4.4 CNMC Ningxia Orient Group Co. Ltd
    • 6.4.5 Ethiopian Mineral Development Share Company
    • 6.4.6 Global Advanced Metals Pty Ltd
    • 6.4.7 Jiangxi Tungsten Industry Group Co. Ltd
    • 6.4.8 Minsur (Mining Taboca)
    • 6.4.9 Pilbara Minerals
    • 6.4.10 Piran Resources Limited (Pella Resources Limited)
    • 6.4.11 Tantalex Resources Corporation
    • 6.4.12 Tantec GmbH
    • 6.4.13 Techmet (KEMET GROUP)
    • 6.4.14 Taniobis GmbH

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Replacement of Solid Capacitors with Polymer Tantalum Capacitors
  • 7.2 Other Opportunities
**Subject to Availability
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Tantalum Industry Segmentation

Tantalum is a chemical element with the symbol Ta and atomic number 73. Tantalum is a rare, soft when, pure, blue-gray, lustrous transition metal that is highly resistant to corrosion. It is part of a group of refractory metals widely used as minor alloy components. Its main use today is in tantalum capacitors in electronic devices such as cell phones, DVD players, video game systems, and computers. The tantalum market is segmented by product, application, and geography. The market is segmented by products, such as metal, carbide, powder, alloys, and other product forms. The market is segmented by application into capacitors, semiconductors, engine turbine blades, chemical processing equipment, medical equipment, and other applications. The report also covers the market size and forecasts for the tantalum market in 14 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (tons).

Product Metal
Carbide
Powder
Alloys
Other Product Forms
Application Capacitors
Semiconductors
Engine Turbine Blades
Chemical Processing Equipment
Medical Equipment
Other Applications (includes Ballistics, Cutting Tools, Optical Applications)
Geography Production Analysis United States
Australia
Brazil
China
Congo
Ethiopia
Nigeria
Rwanda
Other Countries
Consumption Analysis Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
Rest of Middle-East and Africa
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Tantalum Market Research FAQs

How big is the Tantalum Market?

The Tantalum Market size is expected to reach 2.59 kilotons in 2025 and grow at a CAGR of 5.26% to reach 3.35 kilotons by 2030.

What is the current Tantalum Market size?

In 2025, the Tantalum Market size is expected to reach 2.59 kilotons.

Who are the key players in Tantalum Market?

Global Advanced Metals Pty Ltd, Pilbara Minerals, Alliance Mineral Assets Limited., AMG Advanced Metallurgical Group N.V. and Minsur (Mining Taboca) are the major companies operating in the Tantalum Market.

Which is the fastest growing region in Tantalum Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Tantalum Market?

In 2025, the Asia-Pacific accounts for the largest market share in Tantalum Market.

What years does this Tantalum Market cover, and what was the market size in 2024?

In 2024, the Tantalum Market size was estimated at 2.45 kilotons. The report covers the Tantalum Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Tantalum Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Tantalum Industry Report

The report covers global tantalum manufacturers and production by country and the market is segmented by product, application, and geography. The market is analyzed in terms of volume for all segments. The report provides a comprehensive market forecast, offering insights into the market growth and market outlook. The industry analysis includes a detailed examination of market trends, industry trends, and market segmentation.

The report highlights the market value and market size, providing valuable industry information and industry statistics. It covers various applications such as capacitors, semiconductors, engine turbine blades, chemical processing equipment, and medical equipment. The market overview and market review offer a thorough understanding of the market dynamics and market predictions.

Additionally, the report includes a market forecast outlook and market data, offering insights into the market leaders and the global industry. The industry research and industry reports provide in-depth industry analysis and industry sales. The report also features a report pdf, making it easy to access and review the market information.

Overall, this report serves as a valuable resource for understanding the global tantalum market, offering detailed market analysis, industry outlook, and industry size. The research companies involved have provided a comprehensive review of the market, ensuring that the report is a reliable source of market information and growth rate analysis.