The Hafnium Market Report 2018-2023 focuses on the global Hafnium status, future forecast, growth opportunity, key market, and key players. 

The Hafnium Market report studies the global market size of Hafnium in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Hafnium in these regions. This research report categorizes the global Hafnium market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Hafnium include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • ATIArevaNanjing Youtian Metal Technology Co. LtdAlkane ResourcesChina Nulear Jinghuan Zirconium Industry Co.Ltd.Shenzhen Xinxing Metal Technology Co. Ltd.Baoji Chuangxin Metal Materials Co.
  • Ltd. (cxmet)ACI Alloys Inc.Phelly Materials Inc.State Nuclear Wec Zirconium Hafnium Co.
  • Ltd. (snwzh)Leading Edge Materials Corp.

Overview of Hafnium Market Research Report 2018-2023:-

The global hafnium market consumption was estimated to be 69.5 kilotons in 2017. The European Union is expected to hold the largest share of the market. Superalloy application is set to hold the major share of the market.

Growing Demand from Aerospace Industry

Hafnium alloys with several other metals, such as iron, niobium, tantalum, and titanium. Hafnium-niobium alloys, for example, are heat resistant and are used in aerospace applications, such as space rocket engines. The growing aerospace industry, which includes the use of hafnium as an alloy, in regions of North America is propelling the growth of the market.

Superalloy Application to Hold the Largest Share

Hafnium has a wide-range of applications in various alloys. The metal is used in polycrystalline nickel-based superalloys due to its high melting point (22330C), as it helps strengthen grain boundaries, thereby, improving both, tensile strength and high temperature creep. Additionally, due to its affinity for carbon, oxygen, and nitrogen, hafnium provides strengthening during the second phase particle dispersion.

The major applications of hafnium superalloys are turbine blades and vanes, which are used in jet engines where high temperature, pressure, and stress exist. Such alloys consist around 1–2% hafnium. Siemens uses a polycrystalline nickel-based alloy, MAR-M 247, developed by Martin-Marietta Corp., for its land-based turbines.

United States is the Largest and the Fastest Growing Market

The demand for hafnium has rapidly increased in the United States in the past few years owing to the increasing demand from nuclear reactors, aerospace industry, industrial turbines, etc. The United States is one of the largest producers of nuclear power in the world, with around 99 nuclear reactors. These plants produced 805 billion kWh power in 2016. With the high demand for electricity, more nuclear reactors are under construction, and this trend is expected to increase during the forecast period. In addition, the demand for hafnium in aircraft manufacturing industry is increasing as aircraft manufacture is on the rise. The aerospace industry contributed USD 144.1 billion in export sales to the economy, in 2015, which is expected to increase in the future. Therefore, the demand for hafnium is increasing in the country and the supply of hafnium is sufficient to cater to the increasing demand in the country.

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Reasons to Purchase the ReportTo understand the impact of increasingly stringent regulations on the market.Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.To understand the dominating technology in the market.Identify the countries expected to witness the fastest growth during the forecast period.Identify the latest developments, market shares, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).

Key questions answered in the Hafnium Market Report are.

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors? 

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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hafnium market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

Major Points from TOC of Hafnium Market Research Report 2018-2023:

    1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study
    1 Drivers
    4.1.1 Rise in Defence Expenditure of Many Countries
    4.1.2 Increasing Demand of Lightweight Materials in the Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis
    1 By Application
    5.2 End-user Sector
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Institutional
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.2 North America
    5.3.3 Europe
    5.3.4 South America
    5.3.5 the Middle East & Africa


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