openPR Logo
Press release

Tungsten Market Growth with Worldwide Industry Analysis to 2025

11-27-2020 03:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market insights

Tungsten Market will likely surpass USD 8.5 billion by 2025; according to a new research report.Global tungsten market will be propelled by the product’s extensive usage in a broad range of industries including metal working, mining, oil & gas, aerospace, defense, automotive, etc. The product finds its usage in different forms for a varied array of applications. Tungsten is employed in manufacturing different alloys such as tool steel, high-speed steel, and many more. The product is also used in the fabrication of carbides, which are popularly used as cutting tools, drill bits, and for other such high strength and high temperature applications.

Pure tungsten products are used in the electronic industry whereas salts, sulfides, or oxides obtained from the product finds usage in the chemical industry in manufacturing lubricants, catalysts, etc. Since most of the tungsten products finds usage in manufacturing and other related industries, the overall development of the world economy will have a direct effect on the product market.

Get sample copy of this report @

https://www.decresearch.com/request-sample/detail/1249

Electronics industry is one of the major end-user industries which has witnessed fast developments in the past few years. The global consumer electronics industry will grow in the future and would cross USD 1,500 billion by 2024.

This will drive the tungsten market in the coming years as the product is popularly used in the electronics industry in items such as cathode-ray tubes, vacuum tube filaments, and light bulbs due to its high melting point and low vapor pressure. Rising technological advancements have also contributed to the growth in this sector. Innovation in the electronics industry like miniaturization and enhanced PCB technology would further increase product demand in the future.

The tungsten market has been segmented according to application and end-use. Carbides and metal alloys are the key application segments which are poised to gain by approximately 8% CAGR till 2025. Proliferation of the Asia Pacific automotive and manufacturing sectors has been the chief factor driving both these application segments. Mill products application, which will be majorly driven by the electronics industry, will grow by a slightly lower growth rate in the forecast years.

Aerospace is a key end-use sector in the tungsten market which is likely to gain with a compounded annual growth rate exceeding 7%. Aircraft manufacturing industries in the U.S., Germany, France, and other such developed countries will propel this end-use sector’s growth. Electrical & electronics appliances end-use will grow by a CAGR above 8%. Tungsten products finds usage in manufacturing electrical contacts, filaments, X-ray tubes, heat sinks, bulbs, and many other such components in the electronics industry.

Get Table of Contents (ToC) of this report @

https://www.decresearch.com/toc/detail/tungsten-market

Asia Pacific, Europe, and the U.S. are the major tungsten markets in the world. High product demand from China will be a major factor driving the Asia Pacific market. European tungsten market will be chiefly augmented by rising product demand in France, Germany, Russia, Italy and the UK, mostly from the aerospace and automotive industries.

W Resource, China Minmetals Corporation, Specialty Metals Resources, Wolfram Bergbau-und Hutten, H.C. Starck, Soloro, Japan New Metals Company, and Wolfram Company are some of the key tungsten market participants.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Tungsten Market Growth with Worldwide Industry Analysis to 2025 here

News-ID: 2197869 • Views: 221

More Releases from Global market insights

Metalworking fluids market poised to gain impetus from aerospace sector
Metalworking fluids have been playing an invaluable role in a range of metalworking processes across applications, such as milling, forming, turning and grinding. The innate ability of metalworking fluids (MWF) to lubricate helps reduce loads for tools, machine tools and workpieces. Metal working fluids have become popular as coolants, chip removers, and lubricants at the time of machine operations. Several manufacturers are using MWFs to boost durability of machine tools and
Graphene Market 2023: Industry Demand, Growth, Analysis & Forecast
According to a report published by Global Market Insights Inc., the global graphene market size was estimated to be worth $35 million in 2018 and is expected to hit $406 million by 2026, registering an annual compound growth rate over 35% from 2019 to 2025. The report offers a comprehensive analysis of the key investment pockets, market size & estimations, drivers & opportunities, top winning strategies, market trends, and competitive
Bitumen Market Report 2018 and Future Opportunity Assessment 2025
Bitumen Market share is expected to cross USD 112 billion by 2025; according to a new research report by Global Market Insights, Inc. In construction sector, bitumen is among the major raw materials used in manufacturing water tanks, dams and bridges since it provides high viscosity, stickiness and water resistance to the structure. The escalating number of property renovation projects and modern construction systems especially in North America & Europe having
Hydrogen peroxide market Research 2022: Region Wise Analysis of Top Players in M …
Hydrogen Peroxide Market size was USD 3.89 billion in 2015 and is forecast to grow at more than 5% by 2024; according to a new research report by Global Market Insights, Inc. Rising paper & pulp industry is expected to be the major driver for global hydrogen peroxide market size in the upcoming years. Applications for brightening of deinked papers will favor industry demand, global paper & pulp industry was worth

All 5 Releases


More Releases for Tungsten

Tungsten Products Market Astonishing Growth| Midwest Tungsten Service, ITIA, Elm …
The latest release from HTF MI highlights the key market trends impacting the growth of the Global Tungsten Products market. The study highlights influencing factors that are impacting or reinforcing market environment such as Government Policy, technological changes etc along with key market drivers. The research study forecast Revenue Opportunities and Sales Volume Area taken into consideration the primaries from industry experts and includes relevant data such as (revenue, market
Global Tungsten Market 2018 - A.L.M.T, Allegheny Technologies, Betek, Buffalo Tu …
Eminent Market, recently published a detailed market research study focused on the “Tungsten Market” across the global, regional and country level. The report provides 360° analysis of “Tungsten Market” from view of manufacturers, regions, product types and end industries. Strong growth in tungsten market is driven by the surging demand for downstream tungsten products in varied end-user sectors including automotive, industrial engineering, energy, and aviation. The Asia/Pacific region, led by China,
Tungsten Market 2018 Global Analysis By Key Players – Buffalo Tungsten, Nippon …
Summary WiseGuyReports.com adds “Tungsten Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Tungsten Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Tungsten Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product
Tungsten Rings Market Report 2017
Browse the full report with a table of contents : https://www.reportsandmarkets.com/reports/united-states-tungsten-rings-market-report-2017-1564018 In this report, the United States Tungsten Rings market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue
Global Tungsten Powder Sales Market 2017 Region by top Players - Longxintai Tung …
The market research report on Global Tungsten Powder Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge. The report will shed light on many critical points and trends of the industry which are useful for our esteemed clients. The report covers a vast expanse of information including an overview, comprehensive analysis, definitions and classifications, applications and expert opinions, among others. Click Here
Global Tungsten Carbide Powder (WC) Market 2017 - Xiamen Tungsten, China Minmeta …
Tungsten Carbide Powder (WC) Industry including (both global and regions) Market Size (both volume – Unit and value – million USD), Market Share, Production data, Consumption data, Trade data, Price – USD/Unit, Cost, Gross margin, Analysis, Forecast etc. The report on the Tungsten Carbide Powder (WC) market offers a broad overview of the dynamics at play on both the buy side and sell side. In order to deepen readers’ understanding of