Reports and Data estimates the global Hafnium competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Hafnium during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include lkane Resources Ltd. (U.S.), Orano SA (France), ATI Technologies Inc. (U.S.), Nanjing Youtian Metal Technology Co., Ltd. (China), Australian Strategic Materials (Holdings) Ltd. (Australia), American Elements, Inc. (U.S.), Baoji ChuangXin Metal Materials Co. Ltd., (China), China Nuclear JingHuan Zirconium Industry Co. Ltd. (China), Nanjing Youtian Metal Technology Co. Ltd. (China), Phelly Materials Inc. (U.S.)
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Hafnium Overview :-
he global hafnium market is expected to register a steady revenue CAGR over the forecast period. The hafnium market revenue growth is primarily driven by factors such as rising demand in aerospace and increase in use of hafnium in making turbines for submarines.
Hafnium is a ductile, bright, and silvery metal. Hafnium is the 45th most common element on Earth, accounting for around 3.3 parts/million in the Earth's crust by weight. It is resistant to corrosion due to the sheer creation of a dense and unbreachable oxide layer on its surface. Except for hydrofluoric acid, the metal is immune to alkalis and acids. It is rarely found isolated in nature, but is discovered throughout most zirconium rocks at concentrations of up to 5%. In fact, hafnium and zirconium are so chemically similar that splitting the two is quite difficult. The majority of commercial hafnium is created as a consequence of zirconium refining.
It is used in electronics products such as counter electrode and capacitor, as well as ceramics, photographic flash bulbs, and light bulb filaments. Hafnium is often alloyed with other metals such as titanium, iron, niobium, and tantalum and used as a getter, a material that mixes with and eliminates trace gases from vacuum tubes. For example, heat-resistant hafnium-niobium alloys are employed in aerospace applications such as space rocket engines. Since hafnium carbide has the largest melting point of any compound made up of only two elements, it can be used to construct high-temperature reactors and furnaces.
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For the purpose of this report Reports and Data has segmented global Hafnium market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Hafnium Sponge
- Hafnium Crystal Bar
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Super Alloy
- Nuclear
- Plasma Cutting
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Hafnium during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
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