Title: Hafnium Market
1Hafnium MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Hafnium Market size is forecast to reach 83.5
million by 2025, after growing at a CAGR of
6.5 during the forecast period from 2020-2025. - Increasing demand for hafnium in the aerospace
industry as super alloy and in submarines as
nuclear control rods, is expected to fuel the
overall demand of hafnium in the forecast
timeframe. Globally, demand for new aircraft is
growing, and the aerospace industry strives to
implement innovative solutions to increase
production time and cost savings.
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Key Takeaways
- North America dominates the hafnium market owing
to increasing demand from applications such as
aerospace and submarines. - The growing popularity of hafnium as superalloy
in the aerospace industry due to its properties
including high thermal stability and corrosion
resistance.
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By Distribution Channel- Segment
Analysis Superalloy application segment has been
the primary market for hafnium for many years.
Hafnium is commonly alloyed with other metals
including titanium, iron, niobium and tantalum.
For example, in aerospace applications, such as
space rocket engines, heat-resistant
hafnium-niobium alloys are used. More than 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.
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- Hafnium Market Industry Outlook
- ATI,
- ACI Alloys,
- Alkane Resources Ltd.,
- American Elements,
- Baoji ChuangXin Metal Materials Co. Ltd.
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Hafnium Market - Forecast (2021 2026) Learn
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Contact (1) 970-236-3677
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