Nuclear application segment is expected to grow at a rapid pace during the forecast period. Metal hafnium is generally used in the atomic energy sector thanks to its good nuclear quality. Hafnium has excellent performance in welding, storage efficiency, and performance of high resistance to temperature and corrosion. It captures a large area of thermal neutrons as a neutron absorber and is used to manufacture control rods and protective devices for nuclear reaction.
In a recent research report by Maximize Market Research, the Hafnium Market is expected to surpass US $ XX Bn by the year 2026, from US $ XX Bn in 2019.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 7%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of hafnium in the region, the Value – Chain Analysis, and the PORTER’s analysis for the hafnium market at a global level.
The study is consolidated based on two major segments and further into sub-segments, by Type (Hafnium Oxide, Hafnium Carbide, and Other), and by Application (Super Alloy, Optical Coating, Nuclear, Plasma Cutting, and Other Applications) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players – ATI, ACI Alloys, Alkane Resources Ltd., American Elements, Baoji ChuangXin Metal Materials Co. Ltd., China Nulear JingHuan Zirconium Industry Co. Ltd., Framatome, Nanjing Youtian Metal Technology Co. Ltd., Shenzhen Xinxing Metal Technology Co., Ltd., Thermo Fisher Scientific, Lenntech B.V., Luciteria Science, Chemsavers, Inc., Fine Metals Corporation and Leading Edge Materials Corp., and Phelly Materials Inc.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Hafnium Market.”
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