Press release
Tungsten Market to reach USD 9.51 Bn by 2029, emerging at a CAGR of 8 percent and forecast (2023-2030)
Tungsten Market
The report offers a comprehensive analysis of the global Tungsten Market, providing insights into market dynamics, segment analysis, regional outlook, and competitive landscape.Rigorous research methodologies have been employed to gather and analyze data, ensuring accuracy and reliability in the insights presented in the report.
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What are Tungsten Market Dynamics:
Growing end use industries such as automotive, aerospace and electrical and electronics and increase in the demand of wear resistant materials is expected to drive the global tungsten market. Tungsten is used in electronic and electrical components such as electron emitters, lead-in wires and electrical contacts leading to the increase in the global tungsten market. Tungsten 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 is used in the electronic industry whereas salts, sulfides, or oxides obtained from the product find usage in the chemical industry in manufacturing lubricants, catalysts, etc. These are the major factors that drive the growth of the global market during the forecast period.
Tungsten Market Regional Insights:
Asia Pacific emerges as the dominant region in the global tungsten market, driven by China's significant presence owing to its vast tungsten reserves and government support. North America is also poised for substantial growth, fueled by increasing construction spending in the region.
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What is Tungsten Market Segmentation:
by Type
Tungsten Carbide
Metal Alloys
Mill Products
Permanent Magnets
Nanowires
by Application
Automotive Parts
Aerospace Components
Drilling
Boring & Cutting Equipment
Logging Equipment
Electrical & Electronics Appliances
Metalworking, Mining, and Petroleum
Military
Others
Who are Tungsten Market Key Players:
1. A.L.M.T. Corp.
2. Allegheny Technologies Incorporated
3. Almonty Industries Inc.
4. Betek GmbH & Co. KG
5. Buffalo Tungsten Inc.
6. China Minmetals Non-Ferrous Metals Co., Ltd.
7. China Molybdenum Co., Ltd.
8. Chongyi Zhangyuan Tungsten Co., Ltd
9. Guangdong XiangLu Tungsten Co. Ltd.
10.H.C. Starck GmbH
11.International Metalworking Companies
12.Jiangxi Tungsten Holding Group Co., Ltd.
13.Kennametal, Inc.
14.Nippon Tungsten Co., Ltd.
15.Ormonde Mining plc
16.Plansee Group
17.QuesTek Innovations, LLC
18.Sandvik Group
19.Umicore N.V.
20.Wolf Minerals Limited
21.WOLFRAM Company JSC
22.Xiamen Tungsten Co., Ltd.
Table of content for the Tungsten Market includes:
1.Global Tungsten Market: Research Methodology
2.Global Tungsten Market: Executive Summary
Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Tungsten Market: Competitive Analysis
MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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