Tungsten Market 2019 to 2025 – Aerospace components to emerge as a major end-user segment

Tungsten Market growth is gaining appreciable momentum owing to its increased usage across various end-use sectors. The metal is used in the production of different types of alloys such as heavy metal alloys, stellites, and super alloys which are used in several industries along the likes of aerospace, automotive, manufacturing and electronics.

In terms of end use landscape, tungsten is highly used as an aerospace component in both commercial and military aircrafts. Layers of tungsten carbide are applied on various parts of the aircraft to increase its strength. The element is also used in simulations especially during flight testing mainly due to its higher density at a lower volume as compared to its counterparts. In simpler terms, the use of tungsten alloys in the production of aircrafts can lower the overall weight of the aircraft.

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Moreover, the aerospace sector is expanding in several developing countries like India and China. According to credible sources, India may become the third largest aviation market catering to over 478 million passengers by 2036. This drastic boost in aerospace industry is directly increasing the demand for tungsten alloys in the manufacturing of aircrafts, thereby benefiting the overall tungsten market outlook.

Apart from Europe's stronghold in the overall tungsten market, it is quite imperative to mention that China is considered to be the world's largest consumer and supplier of tungsten. The country supplies tungsten to the U.S., Canada, Germany, and Bolivia. In the year 2018, the U.S. reportedly consumed over USD 900 million worth of tungsten by way of imports from China. Apparently, the high demand and supply of tungsten around the globe has eventually boosted tungsten market size.

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Driven by the increased production of aircrafts coupled with rising usage in automobiles sector, the product demand is certain to witness a drastic uptick in the years to come. The major players operating in the worldwide tungsten market include Wolfram Company JSC, Soloro, Japan New Metals Company, Wolfram Bergbau-und Hutten, and Specialty Metals Resources SA. According to a report by Global Market Insights, Inc., tungsten market share is estimated to exceed USD 8.5 billion by 2025.

Table Of Content For This Research Report:

Chapter 1. Tungsten Market, Methodology and Scope

1.1. Methodology

1.2. Market definition

1.3. Market estimation & forecast parameters

1.4. Data sources

1.1.1. Primary

1.1.2. Secondary

1.1.2.1. Paid

1.1.2.2. Public

Chapter 2. Tungsten Market, Executive Summary

2.1. Tungsten market 360 [0 ] synopsis, 2014 – 2025

2.1.1. Business trends

2.1.2. Application by end-use trends

2.1.3. End-use trends

2.1.4. Regional trends

Chapter 3. Tungsten Industry Insights

3.1. Industry segmentation

3.2. Tungsten market size and forecast, 2014 – 2025

3.3. Tungsten market ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition at each stage

3.3.3. Distributor channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key raw material suppliers

3.3.4.2. List of key tungsten manufacturers/distributors

3.3.4.3. List of key tungsten product manufacturers/distributors

3.3.4.4. List of key/potential end-users

3.4. Raw material analysis

3.5. Innovation & sustainability

3.5.1. Patent analysis

3.5.2. Technology landscape

3.5.3. Production process

3.5.4. Future trends

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing demand for hard metals

3.6.1.2. Increasing use of tungsten in various alloys

3.6.1.3. Proliferation in electronic industry

3.6.2. Industry pitfalls & challenges

3.6.2.1. Stringent environmental regulations

3.6.2.2. Demand-supply dynamics

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. China

3.8. Growth potential analysis

3.9. Competitive landscape, 2017

3.9.1. Company market share, 2017

3.9.2. Key stakeholders

3.9.3. Strategy dashboard

3.10. Porter's analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Industry rivalry

3.11. Regional price trends

3.11.1. Cost structure analysis

3.11.1.1. R&D cost

3.11.1.2. Manufacturing & equipment cost

3.11.1.3. Raw material cost

3.11.1.4. Distribution cost

3.11.1.5. Operating cost

3.11.1.6. Miscellaneous cost

3.11.2. Price by application

3.11.3. Price by end-use

3.12. PESTEL analysis

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