Wet Tantalum Capacitors Market: By Product Type (Alkali Halides, Oxide Compounds, and Rare Earth Metals), Material Type (Sodium Iodide, Cesium Iodide, Lutetium Oxyorthosilicate & Lutetium–Yttrium Oxyorthosilicate, and Others), Application (Medical Imaging, Nuclear Medicine, Radioprotection, Oil Exploration, Process Industry, Life Sciences, and Others), End Users (Healthcare, Homeland Security & Defense, Nuclear Power Plants, Industrial Applications) And Region  

Wet Tantalum Capacitors Market size is expected to grow at a CAGR of 6.3% over 2022-2028. Wet Tantalum Capacitors are a type of electrolytic capacitor which is made up of tantalum metal, which acts as the anode. Tantalum capacitors are an electrolytic capacitor subtype formed of tantalum metal, which serves as an anode. It is enclosed by a conducting cathode and covered with an oxide layer, which aids as a dielectric. It consists of wet electrolytes. Tantalum helps in the development of a very thin dielectric layer. Thus, the capacitance value per volume is greater, the frequency features are superior to any other types of capacitors, and the stability Is better. Tantalum capacitors are regularly polarized, which indicates that they can be connected to DC sources. Increasing demand for electronic equipment such as tablets, and smartphones can lead to the wet tantalum capacitors market growth. Tantalum is widely used in land-based gas turbines and the aviation sector. Moreover, the increasing importance of the electronic gadgets market and the increase in the development of aerospace and aviation industries are some primary factors that can boost the global wet tantalum capacitors market growth. Apart from these, high investment in military equipment can accelerate the market. However, some factors such as lack of raw materials and stringent regulatory laws can restrain the growth of the market. The maximum amount of the world’s tantalum ores is located in Africa where a ban on the mining of tantalum has created a gap in demand and supply, which is reflected in the pricing of the capacitor, thereby increasing the overall cost of production. Hence, the manufacturers are moving towards substitutes of tantalum such as ceramic, and aluminum to meet the demand-supply gap. Improvement in mining methods over time confirms uninterrupted market supply which can create an opportunity for the Wet Tantalum Capacitors market growth. Moreover, the usage of recycled tantalum in producing tantalum capacitors can create a lucrative opportunity.   Recent Market Developments: In June 2021, a novel line of HI-TEMP surface-mount wet tantalum capacitors was launched by Vishay Intertechnology in the small C case code and it can operate at a high-temperature range of +200 °C. In June 2020, KEMET Corporation was acquired by Yageo Corporation for engaging customers globally.