North America 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(US, Canada) Forecasts, 2024-2032

Market Overview

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.

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

North America: CAGR: 5.8%

Market Dynamics

Market Drivers

Since tantalum has a high thermal and electrical conductivity, it has become the material of choice for use in electronic capacitors due to the properties it possesses in north America.

Additionally, because tantalum is capable of forming an extremely thin oxide coating those functions as a protective layer, its use is unavoidable in the manufacturing of tiny capacitors of a high quality. The most common applications of tantalum are in the forms of wire and powder. The manufacturing of capacitors is one of the activities that they are involved in.

North America Tantalum capacitors market offer the largest capacitance per unit volume of any other type of capacitor and find widespread application in electrical circuitry that requires a tiny form factor. The market is moving toward greater miniaturisation, and as a result, the tantalum capacitor is finding growing application in space-sensitive and high-end applications in the fields of telecommunications, data storage, and implantable medical devices.

A wide variety of business specialisations continue to make use of polymer cathode devices in tandem with tantalum capacitors. In recent years, intrinsically conductive polymers like polypyrrole and poly (3,4-ethylene dioxythiophene) have emerged as the polymer material sets of choice for tantalum capacitors.

Market Restraints

Component manufacturers are dealing with a shortage of tantalum capacitors as a result of a number of challenges. These issues include a paucity of raw materials as well as rules and regulations that prohibit the mining of tantalum. Because there is a shortage of tantalum capacitors, many manufacturers are switching to using alternatives, such as high-capacitance ceramic and aluminium electrolytic capacitors, in order to close the demand-supply gap that has been created. Additionally, different materials like niobium are regarded to be viable alternatives for tantalum when it comes to the construction of capacitors. As a result of recent advancements in polymer-cathode technology as well as advances in the tantalum supply chain, designers now have the option of using polymer tantalum capacitors as an alternative to traditional solid tantalum capacitors.

The requirement that mining companies respect to the laws and regulations of rare metal mining that are enforced by government organisations and associated agencies is another reason why manufacturers are turning to tantalum capacitor replacements. Because of these restrictions, the amount of tantalum ores and mining operations has decreased, which has compelled manufacturers to look for alternatives and stifled the growth of the tantalum capacitor market.

Regional Analysis

In North America US and Canada have shown good growth in Tantalum Capacitors market. The North America tantalum capacitors market in North America was valued at US$ 1,485.8 million in 2020 and is anticipated to rise at a compound annual growth rate (CAGR) of 5.8% over the course of the forecast period. The United States held a dominant position in the tantalum capacitor business in North America because of its large automotive manufacturing companies, highly developed information technology and telecommunications infrastructure, and excessive spending on the military. The United States presents new commercial potential for makers of tantalum capacitors due to the fact that the aforementioned sectors are the principal end-users of tantalum capacitors. Companies in the United States produce tantalum capacitors and other types of tantalum products because the country has deposits of low-grade tantalum.

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 North America 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

The purchase of KEMET Corporation by Yageo Corporation was officially announced in June of 2020. This purchase will have a strong worldwide reach because to its 42 production units and 14 specialised research and development centres. It will also engage with long-standing blue-chip clients all over the world.

August 2020 – AVX Corporation, a leading manufacturer and supplier of advanced electronic components as well as interconnected sensor, control, and antenna solutions, has released a new series of high-CV resin-molded, surface-mount tantalum chip capacitors with a miniature and low-profile facedown design optimised for automotive electronics applications. The capacitors come in a miniature and low-profile facedown design that is optimised for automotive electronics applications.