Hafnium Market – Growth & Forecasts (2018 – 2024)

Описание: The global Hafnium market is currently valued at 69.6 metric tons in 2017. This market is expected to reach approximately 125 metric ton by 2024, at an estimated CAGR of 11.93% over the forecast period, 2019 to 2024. Hafnium, which is a silvery, metallic element separated from ores of zirconium and used in nuclear reactor control rods, as a getter for oxygen, and nitrogen, and in tungsten filament alloys.

In 2017, Geographically, Europe held a significant share of the market in 2017 and is anticipated to offer lucrative opportunities during the forecast period. Regarding production and consumption, France held a prominent share of the Europe hafnium market in 2017. Europe was followed by North America and the Asia Pacific, regarding market share in 2016. Rise in the usage of hafnium as superalloys in mining and the aerospace industry is a crucial factor driving the market in North America.

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