1. Global Tantalum Pentoxide (Ta2O5) Production Analysis by Manufacturer
From 2018 to 2023, the total global production of tantalum pentoxide (Ta2O5) showed an upward trend, from 1398.1 tons to 1887.1 tons. Global Advanced Metals, as the largest producer, showed a steady growth trend with its production increasing from 258.8 tons in 2018 to 624.4 tons in 2023. Mitsui Kinzoku and Ningxia Orient Tantalum Industry Co also showed growth, from 182.8 tons and 89.6 tons to 224.9 tons and 107.6 tons, respectively. KING-TAN Tantalum and Taki Chemical saw significant growth in production, from 79.0 tons and 69.6 tons to 96.5 tons and 88.8 tons, respectively. In contrast, Ximei Group’s production showed a downward trend, from 134.5 tons to 78.7 tons. The market concentration is high, with the top five producers (Global Advanced Metals, Mitsui Kinzoku, Ningxia Orient Tantalum Industry Co, KING-TAN Tantalum, Taki Chemical) producing a total of 1142.2 tons in 2023, accounting for the majority of the global total.
Table Global Tantalum Pentoxide (Ta2O5) Production (Tons) by Manufacturer (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Global Advanced Metals | 258.8 | 540.6 | 488.6 | 549.5 | 588.8 | 624.4 |
Mitsui Kinzoku | 182.8 | 194.7 | 171.3 | 197.2 | 210.0 | 224.9 |
Ningxia Orient Tantalum Industry Co | 89.6 | 96.1 | 88.8 | 96.5 | 105.0 | 107.6 |
KING-TAN Tantalum | 79.0 | 83.0 | 76.8 | 85.2 | 91.0 | 96.5 |
Taki Chemical | 69.6 | 76.2 | 71.0 | 78.2 | 83.4 | 88.8 |
Ximei Group | 134.5 | 137.3 | 82.0 | 85.8 | 75.0 | 78.7 |
F&X Electro-Materials | 58.0 | 62.4 | 59.7 | 65.4 | 70.0 | 73.6 |
Materion | 54.4 | 57.4 | 51.1 | 57.3 | 61.1 | 63.8 |
Jiujiang Tanbre Co., Ltd. | 45.0 | 47.4 | 42.9 | 46.0 | 49.2 | 51.6 |
MPIL | 40.8 | 42.5 | 39.6 | 42.8 | 45.8 | 48.4 |
AMG | 21.4 | 23.8 | 21.4 | 23.3 | 25.0 | 26.2 |
JX Nippon Mining & Metals | 22.7 | 24.1 | 21.8 | 23.1 | 24.6 | 25.6 |
Others | 341.5 | 359.4 | 314.4 | 332.0 | 355.3 | 376.7 |
Total | 1398.1 | 1744.8 | 1529.2 | 1682.3 | 1784.2 | 1887.1 |
2. Global Advanced Metals Tantalum Pentoxide (Ta2O5) Market Analysis
2.1 Global Advanced Metals Business Overview
Global Advanced Metals is a fully integrated tantalum product supplier with operations in Australia, USA and Japan. Its customers are mainly located in Asia, North America and Europe.
2.2 Tantalum Pentoxide (Ta2O5) Product Portfolio
Table Tantalum Pentoxide (Ta2O5) Product Portfolio
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GAM produces ultra-pure tantalum powder in a variety of forms providing a broad array of solutions to many markets:
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2.3 Global Advanced Metals Tantalum Pentoxide (Ta2O5) Market Performance
Global Advanced Metals’ tantalum pentoxide (Ta2O5) production increased from 258.8 tons in 2018 to 624.4 tons in 2023, prices dropped from $331/kg in 2018 to $257/kg in 2023, and revenue increased from $85.58 million in 2018 to $160.7 million in 2023. Despite the price drop, revenue generally increased. Gross profit margin fluctuated between 24.79% in 2018 and 25.94% in 2023, and remained above 24% overall, showing good profitability.
Table Global Advanced Metals Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Production (Tons) | 258.8 | 540.6 | 488.6 | 549.5 | 588.8 | 624.4 |
Price (USD/Kg) | 331 | 272 | 267 | 270 | 261 | 257 |
Revenue (M USD) | 85.58 | 147.11 | 130.36 | 148.29 | 153.42 | 160.70 |
Gross (M USD) | 21.22 | 35.98 | 33.13 | 37.11 | 39.42 | 41.69 |
Gross Margin | 24.79% | 24.46% | 25.41% | 25.03% | 25.70% | 25.94% |
Global Advanced Metals’ tantalum pentoxide (Ta2O5) production volume generally shows an increasing trend from 2018 to 2023. The production volume in 2018 was 258.8 tons, which subsequently increased significantly to 540.6 tons in 2019, with a growth rate of 108.85%. Although production dropped to 488.6 tons in 2020, it subsequently increased to 549.5 tons and 588.8 tons in 2021 and 2022, with growth rates of 12.46% and 7.16% respectively. Production volume will further increase to 624.4 tons in 2023, with a growth rate of 6.05%. This shows that Global Advanced Metals has maintained a stable growth momentum in the tantalum oxide market, and although there was a decline in 2020, growth in subsequent years offset this impact, showing the company’s steady development in the market.
Figure Global Advanced Metals Production and Growth Rate
Global Advanced Metals’ tantalum pentoxide (Ta2O5) revenue and global market share showed an upward trend between 2018 and 2023. In 2018, the company’s revenue was $85.58 million, accounting for 19.83% of the global market. Subsequently, revenue increased to $147.11 million in 2019, and market share increased to 32.89%. Revenue fell slightly to $130.36 million in 2020, with a market share of 33.87%. Revenue rebounded to $148.29 million in 2021, with a market share of 34.63%. Revenue continued to grow in 2022 and 2023, reaching $153.42 million and $160.7 million, respectively, with market shares of 34.98% and 35.06%, respectively. This shows that Global Advanced Metals has not only achieved continuous growth in revenue, but also steadily increased its share in the global tantalum oxide market, demonstrating its leadership and market influence in the industry.
Figure Global Advanced Metals Revenue Market Share 2018-2023
3. Ningxia Orient Tantalum Industry Co Tantalum Pentoxide (Ta2O5) Market Analysis
3.1 Ningxia Orient Tantalum Industry Co Business Overview
China National Color (Ningxia) Oriental Group Co., Ltd. is mainly engaged in the research, development and production of rare metals such as tantalum, niobium, beryllium and titanium. The products are widely used in the fields of electronics, metallurgy, chemical industry, aviation, aerospace and nuclear industry. It is a national key high-tech enterprise, one of the top three tantalum smelting and processing enterprises in the world, the only beryllium material processing and research base in China, and an executive committee unit of the International tantalum and niobium research center (TIC).
3.2 Tantalum Pentoxide (Ta2O5) Product Portfolio
Table Tantalum Pentoxide (Ta2O5) Product Portfolio
Main uses: Used as raw material of tantalum metal, tantalum alloy, tantalum carbide, tantalum niobium complex, optical glass and lithium tantalate crystal. Physical properties: white powder crystal, amphoteric oxide, insoluble in water, slightly soluble in hydrofluoric acid, insoluble in inorganic acids other than hydrofluoric acid, soluble in molten NaOH, KOH, K2S207, KHSO4. Packaging: Double plastic packaging in the outer iron drum, or the inner aluminum foil bag and the outer carton packaging. |
3.3 Ningxia Orient Tantalum Industry Co Tantalum Pentoxide (Ta2O5) Market Performance
Ningxia Orient Tantalum Industry Co’s tantalum pentoxide (Ta2O5) production increased from 89.6 tons in 2018 to 107.6 tons in 2023, the price decreased from US$283/kg in 2018 to US$234/kg in 2023, the revenue decreased slightly from US$25.37 million in 2018 to US$25.14 million in 2023, and the gross profit margin fluctuated between 23.33% in 2018 and 24.02% in 2023, and remained at around 24% overall.
Table Ningxia Orient Tantalum Industry Co Tantalum Pentoxide (Ta2O5) Production, Revenue, Price and Gross Margin (2018-2023)
Ningxia Orient Tantalum Industry Co | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (Tons) | 89.6 | 96.1 | 88.8 | 96.5 | 105.0 | 107.6 |
Price (USD/Kg) | 283 | 243 | 239 | 241 | 236 | 234 |
Revenue (M USD) | 25.37 | 23.37 | 21.18 | 23.25 | 24.82 | 25.14 |
Gross (M USD) | 5.92 | 5.77 | 5.09 | 5.77 | 6.09 | 6.04 |
Gross Margin | 23.33% | 24.68% | 24.03% | 24.83% | 24.55% | 24.02% |
Ningxia Orient Tantalum Industry Co’s tantalum pentoxide (Ta2O5) production volume experienced fluctuations between 2018 and 2023. Production volume was 89.6 tons in 2018 and increased to 96.1 tons in 2019, with a growth rate of 7.27%. Production volume fell to 88.8 tons in 2020, with a growth rate of -7.63%. Production volume rebounded to 96.5 tons in 2021, with a growth rate of 8.74%. It further increased to 105.0 tons in 2022, with a growth rate of 8.77%. Production volume was 107.6 tons in 2023, with a growth rate of 2.47%. Overall, despite the decline in 2020, the growth in subsequent years offset this effect, showing the company’s solid development in the market.
Figure Ningxia Orient Tantalum Industry Co Production and Growth Rate
Ningxia Orient Tantalum Industry Co’s tantalum pentoxide (Ta2O5) revenue and global market share show a fluctuating trend from 2018 to 2023. In 2018, the company’s revenue was US$25.37 million, accounting for 5.88% of the global market. In 2019, revenue fell to US$23.37 million, with a market share of 5.23%. In 2020, revenue further fell to US$21.18 million, with a market share of 5.50%. In 2021, revenue rebounded to US$23.25 million, with a market share of 5.43%. In 2022, revenue increased to US$24.82 million, with a market share of 5.66%. In 2023, revenue was US$25.14 million, with a market share of 5.48%.
Figure Ningxia Orient Tantalum Industry Co Revenue Market Share 2018-2023
