Press release
Global Refractory Metals Market accounted for USD 1320 million in 2019 and is expected to reach around USD 1460 million globally by 2024, at a CAGR of 1.6% between 2019 and 2024
Refractory metals have one characteristic in common: an exceptionally high melting point. Tungsten, for example, melts at 3410oC (6170oF), which is more than double that of iron and ten times that of lead. As a group, they are found in one section of the periodic table of elements. Although there are twelve refractory metals, only five are widely used: Tungsten, Molybdenum, Niobium, Tantalum and Rhenium.The worldwide market for Refractory Metals is expected to grow at a CAGR of roughly 1.6% over the next five years, will reach 1460 million US$ in 2024, from 1320 million US$ in 2019.
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Market Segment by Manufacturers, this report covers
Xiamen Tungsten
CMOC
Molymet
H.C. Starck
A.L.M.T.
Global Tungsten & Powders
CBMM
Codelco
JDC
Rising Rare Metals EO-Materials
WOLFRAM Company JSC
Treibacher Industrie
Climax Molybdenum
Global Advanced Metals
Ningxia Orient Tantalum Industry
Rhenium Alloys
ATI
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Molybdenum Metal
Tungsten Metal
Niobium Metal
Tantalum Metal
Rhenium Metal
Market Segment by Applications, can be divided into
Steel Industry
Electronics and Electrical Industry
Carbide Tools and Wear Parts
Aerospace
Others
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The Global Refractory Metals Market 2019 is further emphasis on the basis of product pricing, Refractory Metals production volume, data pertaining to demand and Refractory Metals supply, and the revenue garnered by the product. The report offers upstream and downstream analysis covering major raw material used in manufacturing of Refractory Metals along with detailed manufacturing sources. The report also offers list of major raw material manufacturers along with their manufacturing locations. Comprehensive raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Diverse methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to show a comprehensive, detailed research study of the industry for Refractory Metals across the globe.
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