[PDF] Hafnium Market worth US$ 78.8 % Million 2019 with a CAGR of 7.20%

Growing demand for hafnium in the aerospace industry as superalloy and in submarines as nuclear control rods is a major factor driving the growth of the global hafnium market. Additionally, demand for new aircraft is increasing globally, and the aerospace industry endeavours to implement innovative types to increase production cost and time. Thus, in terms of growing fuel efficiency, hafnium superalloys are gaining popularity. Moreover, the growing usage of hafnium oxide in optical coatings is expected to boost the growth of the target market over the forecast period. Hafnium oxide is an effective optical coating material with a high refractive index of low absorption from the near-UV (about 250 nm) to the mid-IR (beyond 12 μm).

The report “Hafnium Market, By Type (Hafnium Oxide, Hafnium Carbide, and Others (including Hafnium Metal), By Application (Super Alloy, Optical Coating, Nuclear, Plasma Cutting, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030. 

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Key Highlights:

• In January 2018, AREVA SA, through its subsidiary AREVA NP, sold all of its shares in New NP to a consortium of acquirers, consisting of the EDF group, Mitsubishi Heavy Industries (MHI), and Assystem.

Key Market Insights from the report:      

The global hafnium market accounted for US$ 78.8 % million in 2019 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented based on type, application, and region.

• By type, other types segment (including hafnium metal) dominated the target market in 2018, and it is expected to witness the highest CAGR over the forecast period. This is mainly attributed due to growing application base for various hafnium products is expected to provide numerous opportunities, over the forecast period.
• By application, Superalloy application segment has been dominating the target market for many years. Hafnium is commonly alloyed with other metals including iron, titanium, tantalum and niobium.
• By region, North America dominated the hafnium market with a share of around 30%, followed by Europe and APAC. Due to the growing demand from the aerospace industry, nuclear application, electronics, hafnium demand has grown rapidly over the past few years and is anticipated to grow with the same pace over the forecast period.

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Key player:

• Alteryx Inc.
• Fair
• Isaac
• Company (FICO)
• IBM Corporation
• SAS Institute Inc.
• Tibco Software
• Micro Strategy Incorporated
• Amazon Inc. (AWS)
• Microsoft Corporation
• Salesforce.com Inc. (Tableau Software Inc.)
• QLIK Tech International

Segmentation:

The hafnium market is segmented based on type, application, and region.

Based on type, the global hafnium market is segmented into hafnium oxide, hafnium carbide, and others (including hafnium metal). Based on the application, the target market is classified into the superalloy, optical coating, nuclear, plasma cutting, and others.

On the region, the global hafnium market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the hafnium market with a share of around 30%, followed by Europe and APAC. Due to the growing demand from the aerospace industry, nuclear application, electronics, hafnium demand has grown rapidly over the past few years and is anticipated to grow with the same pace over the forecast period. The U.S is one of the world’s major nuclear power manufacturers. The U.S has 60 commercial nuclear power plants, with 98 nuclear reactors operating with a net capacity of 100,350 megawatts in 30 states. Moreover, the U.S is the largest producer of hafnium with more than 30 tons every year in 2019.

• FORMAT:(PDF)
• NO OF PAGES:165
• BASE YEAR:2021

Questions by hafnium Market:

1. What are the key market trends and market dynamics?
2. Who are the major players in the market and what is their market share?
3. What is the competitive landscape like in the market?
4. What are the major drivers and restraints affecting the market?
5. What are the growth opportunities in the market?
6. What are the regional and local market conditions and consumer behavior?
7. What is the market size and growth forecast for different regions and countries?
8. What is the impact of government regulations and policies on the market?

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