Tantalum Carbide Coating For Graphite Market
Global Market Study on Tantalum Carbide Coating for Graphite: Increasing Use of Chemical Vapor Deposition for Coating Applications
Tantalum Carbide Coating for Graphite Market Segmented By Chemical Vapor Deposition, Physical Vapor Deposition Coating Method in Semiconductor & Electronics, Aerospace & Aviation, Machine Tools
Newly released data on tantalum carbide coating for graphite industry analysis shows that global demand year-on-year (Y-o-Y) increased 3.7% in 2021 to total 219 tons. The semiconductors and electronics segment grew 4.2% to 133.6 tons, while the aerospace & aviation segment was up 3.7% to 40.7 tons.
By value, Persistence Market Research has projected around 5% CAGR for tantalum carbide coatings for graphite sales during 2021-2031. In terms of volume, demand is expected to increase at around 4% CAGR over the same period.
Find Out More about the Report Coverage
- 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
Key Points Covered in Tantalum Carbide Coating for Graphite Industry Survey:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Tantalum Carbide Coatings for Graphite and How to Navigate
- Recommendation on Key Winning Strategies
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Sales Analysis of Tantalum Carbide Coatings for Graphite from 2016 to 2020 Compared to Market Outlook for 2021 to 2031
Historically, from 2016 to 2020, use of tantalum carbide coatings for graphite increased at around 1.7% CAGR, wherein, developed countries such as the Taiwan, Japan, and South Korea held significant share in the global market.
On a global scale, the semiconductors & electronics segment holds more than 50% market share in terms of value and volume since the past few years, and this trend is expected to continue in the near future owing to increasing demand for consumer electronics across the globe.
Considering these dynamics, the market for tantalum carbide coating for Graphite is forecast to expand at a healthy CAGR of around 5% over the coming 10 years.
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What are the Key Driving Factors for Sales of Tantalum Carbide Coatings for Graphite?
Escalating research & development activities are expected to be the prime factor responsible for increasing demand for tantalum carbide coatings for graphite over the coming years
In recent times, there have been a number of investments and initiatives for the enhancement and commercialization of tantalum carbide coatings for graphite on a large scale. Increasing investments and R&D funding are expected to drive demand and sales of tantalum carbide coatings for graphite in future.
Exploration of new application areas and increasing demand from electronics and energy generation & storage applications are expected to drive market substantially through 2031.
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Which are the Restraining Factors Tantalum Carbide Manufacturers?
China continues to impose a variety of export restraints, including export licensing, minimum export prices, export duties, and other restrictions on a range of raw materials where it has the advantage of being a leading producer in the world.
Through these export restraints, China appears to be able to deliver significant economic advantages to a large range of downstream producers in the country at the expense of foreign downstream producers, thus exerting pressure on foreign downstream producers to relocate their activities, technology, and employment to China. This has directly impacted market growth in foreign countries.
The global aviation industry suffered significant losses in 2020, according to the International Air Transport Association. Additional losses are also expected in 2021. Due to the pandemic, even the economic activity of leading companies will take time to regain the pre-pandemic position in the market. This will restrain demand for tantalum carbide coatings to some extent.
What is the Scope for Taiwan inTantalum Carbide Coatings for Graphite?
Taiwan is one the largest markets for semiconductors and electronics across the globe. Key players in the semiconductors industry have set up their facilities in Taiwan owing to government favourable policies, availability of labour at economic cost, and low transportation and logistics costs.
The country is expected to hold more than 2/3 market value share for the semiconductors and electronics segment, and is expected to continue its dominance in the near future. Taiwan is expected to witness around US$ 32 Mn opportunity over the forecast period.
Why is the Mature Market for Tantalum Carbide Coatings for Graphite in the U.S. Still Growing at Over 4.5% Annually?
The market in the U.S. is expected to expand at a CAGR of 4.5% from 2021to 2031. Semiconductors & electronics and aerospace & aviation industries are thriving in the U.S.
Besides this, what drives market growth in the U.S. is rising demand for the positive vapor deposition (PVD) coating method from consumers, which can be reasoned with increasing awareness in the market.;
In 2021, the U.S. tantalum carbide coating for graphite industry grew 4.5% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across the whole of the country, total sales of semiconductors & electronics reached US$ 4.3 Mn in 2021.
Why is Demand for Tantalum Carbide Coatings for Graphite High in Russia?
In 2021, Russia accounted for over 31.4% share of the European market for tantalum carbide coatings for graphite. Russia is one of the prominent markets for aerospace and aviation, and is expected to witness continuous growth.
Also in Russia and across Europe, there is increasing demand from end-use applications such as aerospace & aviation and electronics & semiconductors. These factors makes Russia a hub for tantalum carbide coatings for graphite demand in the market.
Why is the Chemical Vapor Deposition (CVD) Coating Method Mostly?
Chemical vapor deposition (CVD)-based tantalum carbide coatings for graphite account for more than 70% share of the global market.
Chemical vapor deposition is a deposition method used to produce solid materials that are high quality and high performance, typically under vacuum. The process is often used in the semiconductor industry to produce thin films.
CVD is a chemical reaction that occurs between an organometallic or halide compound to be deposited and other gases to form non-volatile solid thin coatings on substrates. Due to the favorable properties of this coating method, the CVD-based coating method is mostly used.
Revenue in the chemical vapour deposition segment grew at a robust 3.9%year over year in 2021. Demand for physical vapour deposition increased 3%in 2020/2021, giving the over tantalum carbide coating for graphite industry year-over-year growth of 3.7% in 2021, according to the Persistence Market Research.
Which Application of Tantalum Carbide Coatings for Graphite Generates Most Revenue?
According tantalum carbide coating for graphite market insights, semiconductors & electronics and aerospace & aviation segments’ revenue totalled US$ 92.3 Mn in 2021, according to the market analysis conducted by Persistence Market Research.
The semiconductors and electronics segment is one of the key growing segments for tantalum carbide coatings for graphite, and is estimated to hold more than 50% market share. Demand was weak in 2020 owing to the pandemic situation. However, demand started to rise from the first quarter of 2021 and is expected to gain momentum as time goes by.
Tantalum was introduced into the semiconductor sector as a barrier layer film material to prevent copper atom diffusion on silicon wafers. These tantalum-based coating films have high thermal stability, high conductivity, as well as excellent corrosion resistance to foreign atoms.
Application of tantalum in the electronics industry mainly includes electron tubes, tantalum capacitors, storage devices, passive devices, and integrated circuits. Therefore, sales of tantalum are high in this industry.
How Has COVID-19 Impacted Sales of Tantalum Carbide Coatings for Graphite?
The unprecedented scenario created by the COVID-19 pandemic has impacted the supply chain across the globe. But this has also opened the door for innovations in order to respond to such challenges. Key players are now focusing on more agile and advanced supply chain networks to continue business operations despite unforeseen disruptions.
Emergence of new business supply chain models and continuous focus on innovative technologies either by optimization of existing supply chains or by exploring new modes of movement in terms of scalability, competitiveness, and sustainability is a key trend in the industry.
Globally, East Asia, especially China and Taiwan, is significantly diverse in terms of customer base, geo-political conditions, and regulations as compared to other regions of the world, giving them an edge in this space.
Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaborations with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Similarly, recent developments related to companies manufacturing tantalum carbide coatings for graphite have been tracked by the team at Persistence Market Research, which are available in the full report.
Report Scope of Tantalum Carbide Coating for Graphite Industry Research
Historical Data Available for
US$ Mn for Value and Kilogram (Kg) Volume
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Market Segments Covered in Tantalum Carbide Coating for Graphite Industry Survey
By Coating Method
- Chemical Vapor Deposition (CVD)
- Physical Vapor Deposition (PVD)
- Semiconductor & Electronics
- Aerospace & Aviation
- Machine Tools
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