Hafnium is defined as a silvery, shiny, ductile metal that is chemically similar to zirconium. It is found in numerous zirconium minerals as a tetravalent transition metal. The physical properties of hafnium are markedly hampered by the zirconium impurities, as these metals are difficult to separate due to their chemical similarity. The most notable difference between hafnium and zirconium is their density, as hafnium has twice the density of zirconium. Hafnium possess excellent chemical properties and is resistant to chemicals and oxidation. The metal is even resistant to concentrated alkalis. The usage of hafnium-free zirconium in nuclear reactors in the late 1950s made hafnium easily available. However, the rarity of hafnium and difficult and expensive separation techniques make it a scarce commodity. In zirconium ore, hafnium exists in a ratio of 1:50 to zirconium. Hafnium is produced as a byproduct during the purification of zirconium. Obtained hafnium has high thermal resistance, which makes it useful in numerous applications such as super alloys in industrial turbines and jet engines for aircraft. On the basis of type, the market for hafnium can be segmented into hafnium carbide, hafnium oxide, and others. In terms of application, the hafnium market can be segmented into optical coatings, plasma cuttings, super alloys, and others.

The hafnium market is anticipated to expand at a moderate growth rate during the forecast period due to the difficult and expensive separation process. There are several driving factors of this market such as rising demand for super alloys for applications in gas turbines and the aerospace industry. Increasing usage of hafnium in nuclear, photographic, and semiconductors applications are likely to present potential opportunities for the hafnium market during the forecast period. In terms of application, the super alloys segment held a significant share of the market in 2016, and is projected to expand at a robust growth rate during the forecast period. Hafnium is employed in alloys with titanium, tantalum, iron, and titanium. Addition of hafnium in small quantities increases the adherence of protective scales in nickel-based alloys. The super alloys segment was followed by the nuclear segment in terms of market share in 2016. Hafnium has applications in nuclear reactors as control rods due its ability to absorb multiple neutrons. Excellent mechanical and corrosion resistance properties possessed by hafnium make it applicable in the harsh environment of pressurized water reactors.

Geographically, Europe held a significant share of the market in 2016, and is anticipated to offer lucrative opportunities during the forecast period. In terms of production and consumption, France held a prominent share of the Europe hafnium market in 2016. The annual supply capacity of hafnium is about 25 tons in France. This is anticipated to augment the hafnium market in France in the near future. Europe was followed by North America and Asia Pacific, in terms of market share in 2016. Rise in usage of hafnium as super alloys in mining and the aerospace industry is a key factor driving the market in North America. Presence of robust manufacturing industry of different end-use industry of hafnium in emerging economies of Asia Pacific such as India and China is estimated to propel the hafnium market in the region. Usage of hafnium in plasma cutting and semiconductor manufacturing are major factors boosting the hafnium market in Asia Pacific.

Key players operating in the global market for hafnium include Shenzhen Xinxing Metal Technology Co., Ltd., Nanjing Youtian Metal Technology Co. Ltd., China Nulear Jinghuan Zirconium Industry Co., Ltd., and Alkane Resources.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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