1. Introduction of Global Tantalum Pentoxide (Ta2O5) Industry Type
According to the content of tantalum pentoxide, Ta2O5 < 99.9%, Ta2O5: 99.9-99.99% and Ta2O5 > 99.99%. Among them, 99.9-99.99% occupy the largest market segment, mainly for optical lenses, electronic ceramics and so on. Tantalum pentoxide greater than 99.99 is a high purity grade, mainly used for single crystals.
2. Global Tantalum Pentoxide (Ta2O5) Market Size Growth Rate Analysis by Type
Tantalum pentoxide (Ta2O5) market has different growth rates by type during 2023-2029. The overall market size grows from USD 458.35 million in 2023 to USD 627.86 million in 2029, with a CAGR of 5.38%. Among them, the market of Ta2O5 with purity greater than 99.99% has the fastest growth, with a CAGR of 5.82%, and the market size grows from USD 170.44 million to USD 239.37 million. The market growth rate of Ta2O5 with purity between 99.9% and 99.99% is 5.52%, and the market size grows from USD 244.61 million to USD 337.65 million. The market growth rate of Ta2O5 with purity less than 99.9% is the lowest, with a CAGR of 2.71%, and the market size grows from USD 43.31 million to USD 50.83 million. These data suggest that the high-purity tantalum pentoxide (Ta2O5) market has greater growth potential and is expected to account for a larger market share in the coming years.
Table Tantalum Pentoxide (Ta2O5) Market Size (M USD) Growth Rate Analysis by Type 2023 VS 2029
| 2023 | 2029 | CAGR (2023-2029) |
Ta2O5＜99.9% | 43.31 | 50.83 | 2.71% |
Ta2O5: 99.9-99.99% | 244.61 | 337.65 | 5.52% |
Ta2O5＞99.99% | 170.44 | 239.37 | 5.82% |
Total | 458.35 | 627.86 | 5.38% |
3. Global Tantalum Pentoxide (Ta2O5) Market Production Analysis by Type
The global production of tantalum pentoxide (Ta2O5) will show a year-by-year growth trend from 2018 to 2023. The total production volume in 2018 was 1398.1 tons, which will increase to 1887.1 tons in 2023. Among them, the production of tantalum pentoxide (Ta2O5) with a purity of 99.9% to 99.99% has the most significant growth, from 742.8 tons in 2018 to 1009.0 tons in 2023. The production of tantalum pentoxide (Ta2O5) with a purity below 99.9% has also increased, from 176.3 tons in 2018 to 209.8 tons in 2023. The production of tantalum pentoxide (Ta2O5) with a purity higher than 99.99% will increase from 479.0 tons in 2018 to 668.3 tons in 2023. With the development of technology and the increase in market demand, the demand and production volume of high-purity tantalum pentoxide (Ta2O5) products are rising steadily.
Table Global Tantalum Pentoxide (Ta2O5) Production (Tons) by Types (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Ta2O5＜99.9% | 176.3 | 214.5 | 183.4 | 197.2 | 203.6 | 209.8 |
Ta2O5: 99.9-99.99% | 742.8 | 928.3 | 814.6 | 897.1 | 952.7 | 1009.0 |
Ta2O5＞99.99% | 479.0 | 602.0 | 531.2 | 587.9 | 627.9 | 668.3 |
Total | 1398.1 | 1744.8 | 1529.2 | 1682.3 | 1784.2 | 1887.1 |
4. Global Tantalum Pentoxide (Ta2O5) Market Revenue Analysis by Type
The revenue of the global tantalum pentoxide (Ta2O5) market by purity type between 2018 and 2023 shows that tantalum pentoxide (Ta2O5) with a purity of 99.9% to 99.99% has occupied a major share of the market during this period, and its revenue has shown a trend of increasing year by year. Specifically, the revenue of tantalum pentoxide (Ta2O5) with a purity below 99.9% has decreased from US$46.25 million in 2018 to US$43.31 million in 2023, the revenue of tantalum pentoxide (Ta2O5) with a purity of 99.9% to 99.99% has increased from US$230.09 million in 2018 to US$244.61 million in 2023, and the revenue of tantalum pentoxide (Ta2O5) with a purity above 99.99% has increased from US$155.27 million in 2018 to US$170.44 million in 2023. The total market revenue increased from USD 431.62 million in 2018 to USD 458.35 million in 2023, showing the overall growth trend of the tantalum pentoxide (Ta2O5) market.
Table Global Tantalum Pentoxide (Ta2O5) Revenue (M USD) by Types (2018-2023)
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Ta2O5＜99.9% | 46.25 | 46.74 | 39.23 | 42.67 | 42.55 | 43.31 |
Ta2O5: 99.9-99.99% | 230.09 | 238.50 | 205.24 | 228.38 | 233.99 | 244.61 |
Ta2O5＞99.99% | 155.27 | 162.03 | 140.36 | 157.13 | 162.09 | 170.44 |
Total | 431.62 | 447.27 | 384.83 | 428.17 | 438.64 | 458.35 |
5. Global Tantalum Pentoxide (Ta2O5) Market Price Analysis by Type
The global price of tantalum pentoxide (Ta2O5) will fluctuate by purity type from 2018 to 2023. The price of tantalum pentoxide (Ta2O5) with purity less than 99.9% dropped from US$262/kg in 2018 to US$206/kg in 2023. The price of tantalum oxide with a purity of 99.9% to 99.99% was US$310/kg in 2018 and dropped to US$242/kg in 2023. The price of tantalum oxide with a purity higher than 99.99% was US$324/kg in 2018 and dropped to US$255/kg in 2023. The price of tantalum pentoxide (Ta2O5) market is significantly affected by purity, and high-purity products may maintain higher prices due to their scarcity and wide application.
Table Global Tantalum Pentoxide (Ta2O5) Price (USD/Kg) by Types (2018-2023)
6. Introduction of Global Tantalum Pentoxide (Ta2O5) Industry Applications
Tantalum Metal: Tantalum metal powder can be obtained by molten salt electrolysis method: the molten salt of potassium fluorotantalate, potassium fluoride and potassium chloride mixture is used as electrolyte to dissolve tantalum pentoxide (Ta2O5) in it, and the purity of 99.8 ~ 99.9% tantalum powder can be obtained by electrolysis at 750 degrees centigrade.
Tantalum can also be obtained by carbothermic reduction of Ta2O5.
Optical Glass: Due to its high refractive index, Ta2O5 has been utilized in the fabrication of the glass of photographic lenses. It can also be deposited as an optical coating with typical applications being antireflection and multilayer filter coatings in near UV to near infrared. In addition, since Ta2O5 has also been found to have a high nonlinear refractive index, about three times that of silicon nitride. In recent years, Ta2O5 has been used as a material platform for generating of supercontinuum and Kerr frequency combs in waveguides and optical ring resonators. By adding rare earth dopants during deposition, Ta2O5 waveguide lasers have been widely used in remote sensing and LiDAR.
Electronic Instruments: Owing to its high band gap and dielectric constant, tantalum pentoxide has found a variety of uses in electronics, particularly in tantalum capacitors. The use of tantalum allows greater capacitance in smaller packages, offsetting the raw material’s high cost.
7. Global Tantalum Pentoxide (Ta2O5) Market Consumption Analysis by Application
The global consumption of tantalum pentoxide (Ta2O5) will show a growing trend by application type from 2023 to 2029. Overall consumption will increase from 1887.1 tons in 2023 to 2778.3 tons in 2029, with a compound annual growth rate of 6.66%. Among them, electronic instruments have the fastest growth, growing from 1,062.4 tons in 2023 to 1,615.2 tons in 2029, with a CAGR of 7.23%. The consumption of tantalum metal will increase from 480.5 tons in 2023 to 696.8 tons in 2029, with a CAGR of 6.39%. The consumption of optical glass will increase from 344.3 tons in 2023 to 466.3 tons in 2029, with a CAGR of 5.18%. With the development of technology and the increase in demand in the electronics industry, the application of tantalum pentoxide (Ta2O5) in the field of electronic instruments has grown particularly significantly and is expected to continue to maintain good growth momentum in the next few years.
Table Tantalum Pentoxide (Ta2O5) Consumption (Tons) Comparison by Application: 2023 VS 2029
| 2023 | 2029 | CAGR (2023-2029) |
Tantalum Metal | 480.5 | 696.8 | 6.39% |
Optical Glass | 344.3 | 466.3 | 5.18% |
Electronic Instruments | 1062.4 | 1615.2 | 7.23% |
Total | 1887.1 | 2778.3 | 6.66% |
The global consumption shares of tantalum pentoxide (Ta2O5) shows certain trends by application type from 2018 to 2023. The consumption share of electronic instruments will increase from 54.60% in 2018 to 56.30% in 2023, showing that the electronics industry’s demand for tantalum pentoxide (Ta2O5) has grown significantly during this period. The consumption share of tantalum metal is relatively stable, declining slightly, from 25.81% in 2018 to 25.46% in 2023. The consumption share of optical glass shows a downward trend, falling from 19.59% in 2018 to 18.24% in 2023. These data show that the electronic instrument field is the main driving force for the growth of tantalum pentoxide (Ta2O5) consumption, while demand in the optical glass field has decreased. Overall, electronic instrument applications account for more than half, showing its dominant position in the tantalum pentoxide (Ta2O5) market.
Table Global Tantalum Pentoxide (Ta2O5) Consumption Share by Applications (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Tantalum Metal | 25.81% | 25.78% | 25.72% | 25.66% | 25.59% | 25.46% |
Optical Glass | 19.59% | 19.35% | 19.04% | 18.80% | 18.52% | 18.24% |
Electronic Instruments | 54.60% | 54.87% | 55.24% | 55.54% | 55.89% | 56.30% |
Total | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
