The global hafnium market size was valued at USD 155.52 million in 2022. The market is anticipated to expand from USD 396.07 million in 2023 to USD 669.77 million in 2030, exhibiting a CAGR of 7.8% over the estimated period.

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Hafnium is a silvery gray lustrous tetravalent transition metal typically sourced from zirconium minerals. The global shift toward electrification, including the widespread adoption of renewable energy sources such as wind and solar, is a significant catalyst for hafnium market growth.