Asia Pacific Tantalum Capacitors Market Size, Share & Trends Analysis Report By Type (Tantalum Foil Electrolytic Capacitor, Tantalum Capacitors with Porous Anode and Liquid Electrolyte, Tantalum Capacitors with Porous Anode and Solid Electrolyte), By Application (Power Supply Filtering, Audio Amplifiers, Medical Devices, Military Applications, Sample And Hold Circuits, Electronic Gadgets, Telecommunications Infrastructure, Others) and By Country(China, Korea, Japan, India, Australia, Taiwan, South East Asia, Rest of Asia-Pacific) Forecasts, 2024-2032

Market Overview

The worldwide tantalum capacitors market size is estimated to increase at a CAGR of 6.27% during the forecast period (2019–2030).

There is a subclass of electrolytic capacitors known as the tantalum capacitor. They are constructed out of tantalum metal, which functions as an anode, and are surrounded by conductive cathodes. The anode is coated by a layer of oxide, which serves as the dielectric. The use of tantalum makes it possible to create a dielectric layer that is extremely thin. As a consequence, this results in a greater capacitance value per volume, improved frequency characteristics in comparison to a great many other types of capacitors, and outstanding stability over time. As a rule, tantalum capacitors are polarised, which means that they may only be connected to a DC supply in the appropriate manner by paying attention to the polarity of the terminals. The disadvantage of utilising tantalum capacitors is that they have an undesirable failure mode that can result in thermal runaway, fires, and tiny explosions. However, this problem can be avoided by employing external failsafe devices like as current limiters or thermal fuses. Technology advancements have made it possible for tantalum capacitors to be utilised in a broad range of circuits. These capacitors may frequently be found in electronic devices such as laptops, as well as in the automobile sector, cell phones, and other electronic products (SMD). On the printed circuit board, these surface mount tantalum capacitors take up a substantially smaller portion of the available area, which enables larger packing densities.

Asia Pacific: 4331.18 million USD (2030 value); CAGR: 6.75%

Market Dynamics

Drivers

In 2019, the Asia-Pacific region held the largest part of the market, accounting for a portion of the worldwide market that was nearly equivalent to forty percent. The primary factor that is driving growth in the Asia-Pacific market is the rise in demand from end-user industries, such as the electronics and medical equipment sectors. In the Asia-Pacific region, the country that consumes the most tantalum is China. The market for tantalum in China is marked by intense competition. The most significant uses for tantalum usage in the country are found in capacitors and high-tech military applications. For strategic security and cost control reasons, the nation has actively advocated for the localization of high-end military products and reduced its dependence on imported products. This has resulted in a favourable environment policy and a superiority for the domestic military tantalum capacitor industry.

Restraints

As a result of the global pandemic COVID-19, which has caused a number of countries to go into lockdown during the first half of 2020, the economic growth in the Asia Pacific region has been negatively impacted, and the Asia Pacific market faced a decline in demand during the year 2020. The big firm suffered significant losses over the first half of 2020, which led to a general decrease in customer demand throughout the year 2020.

Regional Analysis

The tantalum capacitor market in the Asia-Pacific region had a value of USD 2,268.6 million in 2020 and is anticipated to increase at a CAGR of 6.5% during the forecast period. The Asia-Pacific region held the largest market share in 2020, and its growth rate was robust over the course of the projected period. As a result of Asia-prominence Pacific's as a manufacturing hub, a great number of companies from all over the world have established operations there. Both India and China are in the forefront of manufacturing in the area, with their respective governments putting an emphasis on domestic production through initiatives such as "Make in India" and "Make in China," respectively.

As of the year 2020, China has the largest proportion of the Asia Pacific tantalum capacitors market in East Asia. The expansion of demand from end-use sectors such as aircraft, medical equipment, and electronics is the primary force behind the current expansion of the economy. The primary uses for tantalum consumption in the nation are found in high-tech military applications as well as capacitors.

The market for tantalum in China is marked by intense competition. China has vigorously advocated for the localization of high-end military products, thereby providing superiority and a favourable environment policy for the domestic military tantalum capacitor industry. China has strategically minimised its dependency on imported products for cost control considerations and for strategic security. This was done in order to maintain strategic security and to control costs.

The government of India has recently adopted a number of measures to foster the development of India's domestic electronics manufacturing industry as well as increase India's exports in this sector. In addition to this, in 2019, the National Policy on Electronics aimed to promote domestic manufacturing and export in the entire value-chain of electronics system design and manufacturing in order to reach a turnover of approximately INR 26 trillion (US$ 400 Bn) by 2025. This goal was set in order to achieve the goal. In addition, the output of electronic gear in India climbed from a value of US$ 65.53 Bn in 2019 to a value of US$ 73.78 Bn in 2020.

This surge in the production of electronic goods within the country was going to play a significant role in driving up demand for Asia Pacific tantalum capacitors market within the electronic sector throughout the course of the next time period. As a consequence of this, it is anticipated that the market in India will reach a valuation of more than US$ 120 Mn by the end of 2031, recording an impressive CAGR of close to 12%.

Segmental Analysis

The tantalum foil electrolytic capacitor sector is anticipated to develop at a compound annual growth rate of 5.49% between the years 2021 and 2030. This segment holds the most market share based on type. On the international market, there are three distinct varieties of tantalum capacitors: tantalum foil electrolytic capacitors, tantalum capacitors with porous anode and liquid electrolytes, and tantalum capacitors with porous anode and solid electrolytes.

Tantalum foil electrolytic capacitors are typically used in high-voltage applications because they are able to function at voltages as high as 450 volts. A simple or engraved foil is utilised as the active component in these capacitors. Because of the increase in the surface area of the etched foil, the capacitance produced by the material is higher for the same volume. Tantalum foil electrolytic capacitors are essential components in high-end electronic equipment because of their extraordinary stability and capacitance. These characteristics cause them to account for more than half of the passive components on an integrated circuit board.

The Asia Pacific tantalum capacitors market is segmented into a number of submarkets based on application, including power supply filtering, audio amplifiers, medical devices, military applications, sample and hold circuits, electronic gadgets, and telecommunications infrastructure, among other categories. In 2021, the electronic devices market share was greater than 30%, and analysts anticipate that it will continue to expand at a compound annual growth rate of 6.56% until 2030.

Every piece of electronic and electrical equipment requires capacitors since they are used in everything that uses electricity. The use of capacitors is widespread and may be found in a variety of applications, such as power circuits, power supply units, and electronic circuits. Tantalum and alloys that are chemically similar to it are often utilised in the electronic manufacturing industry as a result of their superior thermal conductivity, resistance to corrosion, favourable thermal characteristics, and absence of radioactive components. Tantalum capacitors and other passive devices are the applications in electronic devices that see the highest volume of use across the whole electrical industry.

Impact of covid-19

COVID Impact: During COVID-19, supply chain interruptions hampered the trade, causing a lack of raw materials for producers and a delay in delivering finished items in the form of blind bolts to customers. As official prohibitions around the world have been lifted, demand for blind bolts has already begun to rebound to pre-pandemic levels.

Recent Developments