Hafnium Market demand was 111.48 Metric Tons in 2022 and expected to reach 179.01 Metric Tons by 2029 at a CAGR of 7% during the forecast period. The global Hafnium market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Hafnium report also provides trends by market segments, technology, and investment with a competitive landscape.Hafnium Market Overview:
Rising product demand from the aerospace industry is expected to drive the hafnium market demand during the forecast period. Hafnium finds its wide range of applications in nuclear reactors as control rods thanks to its ability to absorb multiple neutrons. Excellent mechanical and corrosion resistance characteristics offer by hafnium make it suitable for use in the harsh environment of pressurized water reactors.To know about the Research Methodology :- Request Free Sample Report
Hafnium Market Dynamics:
The hafnium industry is expected to grow at a steady growth rate during the forecast period thanks to the difficult and expensive separation process. There are some driving factors of this market including increasing demand for super alloys for applications in gas turbines and the aerospace industry. Also, hafnium is extensively utilized in the aerospace industry as super alloy thanks to its favorable properties. It is alloyed with many other metals like titanium, iron, niobium, and tantalum. For instance, in aerospace applications, including space rocket engines, heat-resistant hafnium-niobium alloys are used. Super alloy is the major application of around 35% share in overall hafnium demand across the globe. Growth in the aerospace industry with the consumption of technological advancements is expected to drive the hafnium market demand in the aerospace and aviation sectors during the forecast period. Increasing usage of hafnium in nuclear, photographic, and semiconductor applications is further creating lucrative opportunities for the hafnium market during the forecast period.Hafnium Market Segment Analysis:
By Type, the hafnium market is segmented into hafnium oxide, hafnium carbide, and others.By Application, the market is segmented into the super alloy, optical coating, nuclear, plasma cutting, and others. Super alloy application segment is the primary market for hafnium. Hafnium is commonly alloyed with other metals like titanium, iron, niobium, and tantalum. For instance, in aerospace applications, like space rocket engines, heat-resistant hafnium-niobium alloys are used. Around 40% of hafnium is manufactured through the Van Arkel process, which meets the bulk of Hf's demand for super alloys as very pure crystal bars. 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 an 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.
Hafnium Market Regional Insights:
Europe is dominating the Hafnium Market Europe has accounted for a significant share of the market in 2022 and is expected to offer new opportunities for market growth during the forecast period. In terms of production and consumption, France is expected to hold a major share of the European hafnium market during the forecast period. The annual supply size of hafnium is around 25 tons in France. This factor is expected to propel the hafnium market demand in France during the forecast period. Asia Pacific and North America is expected to dominate the hafnium market Rising applications of hafnium as super alloys in mining and the aerospace industry is a major factor fueling the market in North America. The presence of a strong manufacturing sector of different end-use industries of hafnium in developing countries of Asia Pacific like India and China is expected to drive the hafnium market in the region. Usage of hafnium in plasma cutting and semiconductor manufacturing are major factors propelling the hafnium market in the Asia Pacific. The objective of the report is to present a comprehensive analysis of the Global Hafnium market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Hafnium market dynamics, structure by analyzing the market segments and project the Global Hafnium market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hafnium market make the report investor’s guide.Hafnium Market Scope: Inquire before buying
Hafnium Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 7% US$ 111.48 Metric Ton US$ 179.01 Metric Ton Segments Covered by Type Hafnium Oxide Hafnium Carbide Other by Application Super Alloy Optical Coating Nuclear Plasma Cutting Other Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Hafnium Market Key Players are:
1. ATI 2. ACI Alloys 3. Alkane Resources Ltd. 4. American Elements 5. Baoji ChuangXin Metal Materials Co. Ltd. 6. China Nulear JingHuan Zirconium Industry Co. Ltd. 7. Framatome 8. Nanjing Youtian Metal Technology Co. Ltd. 9. Shenzhen Xinxing Metal Technology Co., Ltd. 10.Thermo Fisher Scientific 11.Lenntech B.V. 12.Luciteria Science 13.Chemsavers, Inc. 14.Fine Metals Corporation and Leading Edge Materials Corp. 15.Phelly Materials Inc. 16.Others Frequently Asked questions 1. What is the market size of the Global Hafnium Market in 2022? Ans. The market size Global Hafnium Market in 2022 was US$ 111.48 Metric Ton. 2. What are the different segments of the Global Hafnium Market ? Ans. The Global Hafnium Market is divided into Application and Type. 3. What is the study period of this market? Ans. The Global Hafnium Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Hafnium Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Hafnium Market ? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hafnium Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hafnium Market 3.4. Geographical Snapshot of the Hafnium Market, By Manufacturer share 4. Global Hafnium Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Types 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hafnium Market 5. Supply Side and Demand Side Indicators 6. Global Hafnium Market Analysis and Forecast, 2022-2029 6.1. Global Hafnium Market Size & Y-o-Y Growth Analysis. 7. Global Hafnium Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Hafnium Oxide 7.1.2. Hafnium Carbide 7.1.3. Other 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Super Alloy 7.2.2. Optical Coating 7.2.3. Nuclear 7.2.4. Plasma Cutting 7.2.5. Other 8. Global Hafnium Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hafnium Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Hafnium Oxide 9.1.2. Hafnium Carbide 9.1.3. Other 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Super Alloy 9.2.2. Optical Coating 9.2.3. Nuclear 9.2.4. Plasma Cutting 9.2.5. Other 10. North America Hafnium Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hafnium Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Hafnium Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Hafnium Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Hafnium Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Hafnium Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hafnium Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Hafnium Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Hafnium Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Hafnium Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Hafnium Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Hafnium Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Hafnium Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Hafnium Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Hafnium Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Hafnium Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hafnium Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Hafnium Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Hafnium Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Hafnium Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Hafnium Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Hafnium Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Hafnium Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Hafnium Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Hafnium Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hafnium Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Hafnium Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Hafnium Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Hafnium Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Hafnium Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Hafnium Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Hafnium Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hafnium Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Hafnium Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Hafnium Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hafnium Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, End-Use Industries and R&D Investment 45.2.2. New Type Launches and Type Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ATI 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Type Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. ACI Alloys 45.3.3. Alkane Resources Ltd. 45.3.4. American Elements 45.3.5. Baoji ChuangXin Metal Materials Co. Ltd. 45.3.6. China Nulear JingHuan Zirconium Industry Co. Ltd. 45.3.7. Framatome 45.3.8. Nanjing Youtian Metal Technology Co. Ltd. 45.3.9. Shenzhen Xinxing Metal Technology Co., Ltd. 45.3.10. Thermo Fisher Scientific 45.3.11. Lenntech B.V. 45.3.12. Luciteria Science 45.3.13. Chemsavers, Inc. 45.3.14. Fine Metals Corporation and Leading Edge Materials Corp. 45.3.15. Phelly Materials Inc. 45.3.16. Other Key Players 46. Primary Key Insights